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325 Duval Street

325 Duval Street, Key West, FL 33040
Commercial in Key West
1 Units For Sale
Unit for sale at 325 Duval Street, Key West, FL 33040

$12,000,000 ↓ $2M

  • Commercial
  • 12 Baths
325 Duval Street #REAR, Key West, FL 33040 Listing by Raymond J Capas

325 Duval Street has been categorized by the local assessors in Key West, FL as a commercial type of property. The building on the property was first built in 2000 and is 24 years old. However, we must point out that the home was most recently renovated and altered in 2003. The home has a total of 4 bedrooms. Residents will have access to 8 full bathrooms. There are 8 partial bathrooms in the home. The building has a total of 2 stories. In addition, 325 Duval Street has 7,747 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 12,725 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 2 code building. This code stands for "buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.". For the features and amenities located on the property. There is a garage for those who require parking. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable or hip style roof made of metal. The exterior walls of the building are made of a combination of material. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 325 Duval Street sold most recently in Dec 15, 2023 for a total of $4,899,000. If you work out the math, that's approximately a cost of $632.37 per sqft. Before that, the property was also sold for $450,000 in Sep 1, 1995. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $31,152 in taxes each year. 325 Duval Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $4,344,817. If we break it down further, the land itself was valued at $2,606,890. Improvements to the property, however, were assessed at a total of $1,737,927. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation.

Building Features

Parking

Guest Parking
Off Street Parking
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2003
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 8
  • Full Bathrooms: 8
  • Partial Bathrooms: 8
  • Building Condition: Good
  • Building Quality: C
  • Exterior Walls Type: Combination
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Living Units: 2
  • Business/Commerical Units Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,725
  • Total Building Area: 7,747
  • Gross Building Area: 7,747
  • Building Area: 7,747
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 7,747
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Commercial
  • Subdivision: ISLAND/KEY WEST
  • Land Acres: 0.292
  • Standard Land Use Code: Hotel
  • Legal Description 1: KW PT LOT 4 SQR 24 H3-262 G39-327/28 OR107-365/66 OR1190-2210 OR1198-1129/30 OR1235-1123 OR1235-1124/43 OR1235-1146/47 OR1236-2011/30 OR1236-2031/32 OR1236-2033/34 OR1304-1938/39 OR1370-1576/77 OR1374-458/62 OR2584-398 OR2587-2044/45 OR2599-1466/68 O

Ownership

  • Current Owner : KEY WEST HOTEL LLC
  • Previous Owner : CASA 325 SUITES LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 972500

Zoning

  • Zoning: HRCC1

Geography

  • Account Number: 1004499
  • Parcel: 00004320-000000
  • Lot: 4
  • Meridian: SEC 06 TWN 68S RNG 25E
  • Municipality: CITY OF KEY WEST
  • Latitude: 24.5575
  • Longitude: -81.8036

    Address

  • Full Address: 325 Duval St Rear
  • Unit Type: REAR
  • Address - House Number: 325
  • Address - Street Name: Duval
  • Address - Suffix Type: St
  • State: FL
  • City Name: Key West
  • Carrier Code: C001
  • 4-Digit Zip Code: 6565
  • Zip Code: 33040

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $31,152
  • Tax Rate Code Area: 10KW

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,000,000
  • First Open Lien Mortgage Lender: CASA 325 SUITES LLC
  • First Open Lien Mortgage Recording Date: Dec 15, 2023
  • First Open Lien Mortgage Loan Amount: $8,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Seller take-back

    Market Valuation

  • Market Total Value: $4,344,817
  • Market Land Value: $2,606,890
  • Market Improvement Value: $1,737,927

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,344,817
  • Assessed Land Value: $2,606,890
  • Assessed Improvements Value: $1,737,927

    Sales

  • Current Sale Contract Date: Dec 15, 2023
  • Current Sale Recording Date: Dec 15, 2023
  • Current Sale Transaction ID: 11918170381
  • Current Sale Price: $4,899,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2444307
  • Previous Sale Recording Date: Sep 01, 1995
  • Previous Sale Contract Date: Sep 01, 1995
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CASA 325 SUITES LLC
  • First Mortgage Transaction Date: Dec 15, 2023
  • First Mortgage Loan Amount: $8,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back

About Key West



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Frequently Asked Questions

What neighborhood is 325 Duval Street located in?
The 325 Duval Street is a commercial located in the neighborhood of Key West in Key West, Key West.
How many listings are currently for sale in 325 Duval Street?
There is one unit for sale right now.
What is the average sales price for listings in 325 Duval Street?
The average sales price for units in 325 Duval Street is $12,000,000 currently.

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