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401 South Street

401 South Street, Key West, FL 33040
Multifamily in Key West
Sold Feb 09, 2022
$2,800,000
Sold Apr 22, 2014
$1,400,000
401 South Street in Key West, FL was first built in 1948 and is 76 years old. Although, the building on the property was most recently renovated and altered in 2014. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a triplex style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 401 South Street has 3,226 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 760 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 7,644 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a cathedral style roof made of metal. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of concrete block. While the interior walls are made of wood. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. The property was last sold in Feb 8, 2022 for $2,800,000. That's $867.95 per sqft. Prior to that sales transaction, the property was also sold in Apr 22, 2014 for $1,400,000. 401 South Street was last assessed in 2023. The total value of the property was assessed at $2,354,279. Specifically, the land the property is located on was valued at $1,332,923. While improvements on the property were assessed at a total of $1,021,356. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $14,864. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

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

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 2014
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Concrete block
  • Building Style: Triplex
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Wood
  • Roof Shape Type: Cathedral
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Living Units: 3
  • Floor Cover: Ceramic
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,644
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 760
  • Total Building Area: 3,226
  • Gross Building Area: 3,226
  • Building Area: 3,226
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,226
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ON THE ISLAND OF KEY WEST
  • Land Acres: 0.176
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: KW FILER BOYLE SUB N-476 PT LOT 8 SQR 3 TR 16 OR135-414 OR755-767 OR2680-1635 OR3154-0585

Ownership

  • Current Owner : DENNIS L SHECKLER TRUST
  • Current Owner 2: ALLYSON E SHECKLER TRUST
  • Previous Owner : 401 SOUTH STREET LLC
  • Owner Before Previous Owner: JONES LEWIS SARAH
  • Ownership Rights Codes: Trustee/Conservator
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 972400

Zoning

  • Zoning: HHDR

Geography

  • Account Number: 1037079
  • Subdivision Tract Number: 16
  • Parcel: 00036210-000000
  • Lot: 8
  • Meridian: SEC 06 TWN 68S RNG 25E
  • Municipality: CITY OF KEY WEST
  • Latitude: 24.5468
  • Longitude: -81.7975

    Address

  • Full Address: 401 South St
  • Address - House Number: 401
  • Address - Street Name: South
  • Address - Suffix Type: St
  • State: FL
  • City Name: Key West
  • Carrier Code: C069
  • 4-Digit Zip Code: 3587
  • Zip Code: 33040

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $14,864
  • Tax Rate Code Area: 10KW

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 70
  • Final Value: 3,299,753
  • High Value: 4,012,644
  • Low Value: 2,586,862

    Market Valuation

  • Market Total Value: $2,354,279
  • Market Land Value: $1,332,923
  • Market Improvement Value: $1,021,356

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,354,279
  • Assessed Land Value: $1,332,923
  • Assessed Improvements Value: $1,021,356

    Sales

  • Current Sale Contract Date: Feb 08, 2022
  • Current Sale Recording Date: Feb 09, 2022
  • Current Sale Transaction ID: 11879418739
  • Current Sale Price: $2,800,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2360796
  • Previous Sale Recording Date: Apr 22, 2014
  • Previous Sale Contract Date: Apr 22, 2014
  • Previous Sale Amount: $1,400,000
  • Previous Sale Document Type: Warranty Deed

About Key West



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Nearby Rentals

Unit for rent at

$3,500 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
Listing by Manager
Unit for rent at

$3,150 /mo

  • 1 Bed
  • 1 Bath
  • 550 ft²
Listing by Manager
Unit for rent at

$3,150 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 401 South Street located in?
The 401 South Street is a multifamily located in the neighborhood of Key West in Key West, Key West.
What is the average sales price for listings in 401 South Street?
The average sales price for units in 401 South Street is $0 currently.

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