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1202 Simonton Street

1202 Simonton Street, Key West, FL 33040
Commercial in Key West
2 Units For Sale
Unit for sale at 1202 Simonton Street, Key West, FL 33040

$1,899,000

  • Commercial
  • 2 Baths
1202 Simonton Street, Key West, FL 33040 Listing by Team Gardner/langley

Unit for sale at 1202 Simonton Street, Key West, FL 33040

$10,000 ↓ $3K

  • Commercial
  • 2 Baths
1202 Simonton Street, Key West, FL 33040 Listing by Team Gardner/langley

Local assessors in Key West, FL have categorized 1202 Simonton Street as a commercial type of property. The home was built in 1953 and is 71 years old. It was most recently renovated and altered in 2000. The property's lot size has been calculated to be 4,700 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 500 ft. There are also 6 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1202 Simonton Street has a total of 4,366 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 1202 Simonton Street is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with concrete block control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a flat style roof that was made of concrete. Lots of concrete block were used in the construction of the exterior walls of the home. The home's a forced air unit is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1202 Simonton Street was last sold in Sep 29, 2023 for $1,700,000. According to our calculations, that's $389.37 per sqft. Prior to that sales transaction, the property was sold for $1,442,000 in Jul 12, 2021. Current property owners are expected to pay $10,364 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2019. The property on 1202 Simonton Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,765,695. To break that down further, the land itself was valued at $1,334,170. While improvements to the property were assessed at a total of $431,525. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged.

This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210720
07/20/2021
Loft
2 Bath
-
$14,500
bedrooms
Loft
bathrooms
2 Bath
-
-
-
Team Gardner/Langley
Berkshire Hathaway Knight & Gardner Realty (KW)
20201217
12/17/2020
Loft
2 Bath
-
$1,949,000
bedrooms
Loft
bathrooms
2 Bath
$1,442,000 -26.01%
07/16/2021
-
Team Gardner/Langley

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 6
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 17
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Flat
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Business/Commerical Units Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,700
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 4,366
  • Gross Building Area: 4,366
  • Building Area: 4,366
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 4,366
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: ISLAND OF KEY WEST
  • Land Acres: 0.108
  • Standard Land Use Code: Restaurant
  • State Land Use Code: Right-of-way (not rail, road, or utility)
  • Legal Description 1: KW LOT 20 SQR 8 TR 11 (L-215) D2-587 H2-18 OR175-379 OR262-2 OR1279-373 OR1292-2455 OR1292-2458 OR2073-1588 OR2871-2202 OR3112-2004 OR3245-0027

Ownership

  • Current Owner : CONNOLLY PAMELA STEPHENSON
  • Previous Owner : CROSSROADS EAST LLC
  • Owner Before Previous Owner: 1202 SIMONTON LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 972800

Zoning

  • Zoning: HNC-1

Geography

  • Account Number: 1029483
  • Subdivision Tract Number: 11
  • Parcel: 00028700-000000
  • Lot: 20
  • Meridian: SEC 06 TWN 68S RNG 25E
  • Municipality: CITY OF KEY WEST
  • Latitude: 24.5498
  • Longitude: -81.7966

    Address

  • Full Address: 1202 Simonton St
  • Address - House Number: 1202
  • Address - Street Name: Simonton
  • Address - Suffix Type: St
  • State: FL
  • City Name: Key West
  • Carrier Code: C069
  • 4-Digit Zip Code: 3112
  • Zip Code: 33040

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $10,364
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 10KW

    Market Valuation

  • Market Total Value: $1,765,695
  • Market Land Value: $1,334,170
  • Market Improvement Value: $431,525

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,765,695
  • Assessed Land Value: $1,334,170
  • Assessed Improvements Value: $431,525

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Oct 02, 2023
  • Current Sale Transaction ID: 11913996702
  • Current Sale Price: $1,700,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2434351
  • Previous Sale Recording Date: Jul 16, 2021
  • Previous Sale Contract Date: Jul 12, 2021
  • Previous Sale Amount: $1,442,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: 1ST MIDAMERICA CU
  • Previous Mortgage Transaction Date: Jul 16, 2021
  • Previous Mortgage Loan Amount: $1,153,600
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jul 01, 2022

About Key West



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Frequently Asked Questions

What neighborhood is 1202 Simonton Street located in?
The 1202 Simonton Street is a commercial located in the neighborhood of Key West in Key West, Key West.
How many listings are currently for sale in 1202 Simonton Street?
There are two listings currently on the market for sale.
What is the average sales price for listings in 1202 Simonton Street?
The average sales price for units in 1202 Simonton Street is $1,649,000 currently.

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