1314 Virginia Street $925,000

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    1314 Virginia Street Key West, FL 33040

    Contingent/Show
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    • 3 Beds
    • 2 Baths
    • 1,068 sq. ft.
    • Multi-Family
    • MLS# 598194
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    Views: 5 Days On Site: 212

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    Property Details

    Opportunity Knocks on this Old Town Key West Duplex. Own a Classic Conch house with great earnings potential or restore it to a Grand Single Family home with lovely bonus Loft space in both units. Close to everything the island has to offer; Walk, Bike, or jog to Higgs Beach, Pickle Ball, Bocce and Tennis Courts. The Gourmet Markets, Beach Side Dinning, and The White Street Pier are nearby. Lots of On-Street Parking on this Wide Block across from the Bayview Park Green space with facilities for tennis, softball & basketball, plus a playground & picnic areas. Live 1 mile to Duval Street Night Life, Restaurants and Bars. Both units in this Duplex are currently rented (House Hacking; Tenants are paying the Mortgage). Current Minimum Gross for both Units is approximately $4,500. Rent maybe raised based on Rental Shortages in Key West; Windstorm approximately $3,000. Flood zone changing to be verified by the buyer. Call for your Showing Opportunity.

    • General Features
      • Acreage 0.05
      • Square Footage 1,068
      • Style Duplex
      • As Is Right to Inspect Yes
      • Fee Includes None
      • Off Shore Island No
      • Pets Pets Allowed
      • Subdivision Island City Sub (2.0)
      • Rentals Allowed With Restrictions
      • Taxes $4,871
      • Tax Exemptions Homestead
      • Tax Year 2020
      • Deed Restrictions Unknown
    • Building Features
      • Appliances Dishwasher, Dryer, Microwave, More Appliances, Oven, Refrigerator, Stainless Steel Appl, Washer
      • Building Style Conch
    • Property Features
      • Pool No
      • Dockage None
      • Side Median
      • Water View No Waterview
      • Waterfront Property No
      • Waterfront Type None
      • Utilities FKAA
      • Pub Sewer HkUp Yes

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    Neighborhood

    33040 (Key West) Demographics

    41 Median Age
    237 Population Density (per sq. mile)
    41% College Educated
    $69,702 Estimated Median Income
    6,226 Estimated Total Home Owners
    7,742 Estimated Total Renters
    45% / 55% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    34,471 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $949,000 Median Sales Price
    59 Homes Sold
    82 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $925,000
        4/24/2022 1:03:45 PM Status Changed Source: Multiple Listing Service New Value: Contingent/Show
        4/8/2022 10:03:33 AM Price Reduced Source: Multiple Listing Service New Value: $925,000 -7.41%
        3/12/2022 10:33:46 AM Price Reduced Source: Multiple Listing Service New Value: $999,000 -13.13%
        10/22/2021 12:48:00 AM New in Database Source: Multiple Listing Service New Value: $1,150,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Listing information is provided in part by the Internet Data Exchange (IDX) program of the Florida Keys Board of REALTORS®, Inc. The information on this website is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2022 Florida Keys Board of REALTORS®, Inc. All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.