$495,000

1112 Margaret Street #rear

Key West FL, 33040

Description

Idyllic Old Town location with habitable 2 bedroom, 1 bath free-standing cottage under mature canopy. Continue renting to wonderful locals, use now for rustic pied a terre or downtown small family home. Since the building is non-contributing, you can also build a new, conforming structure in its place with adjusted elevation for good flood insurance rates and new construction credits for good wind insurance rates. Currently in the X flood zone. Many possibilities for this amazing property!New survey and elevation certificate just completed and HOA for shared entryway being finalized by Oropeza, Stones, Cardenas; note legal in tax roll has not yet been changed.

Details

MLS#589882
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1976
Days On Site39

Features

Bed(s)2
Bath(s) 1 Full
SQ Feet882
Story(s)1 Story
Acreage0.06
Water FrontNone

Market Activity 33040

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Area Information

StateFL
CountyMonroe
CityKey West
Zip Code33040
AreaKey West
SubareaOld Town-S of Truman
Community NameOld Town - Unlisted (1.0)
Listing VS Median (in Old Town - Unlisted (1.0))
Price:
$495,000
low | high
Med:
$1,149,000
82.121212121212% of Average
SqFt:
882
low | high
Med:
1,411
9.977324263039% of Average
$ / SqFt:
$561
low | high
Med:
$814
4.90367888667% of Average
On Site:
39
low | high
Med:
82
47.560975609756% of Average
Listing Updated: 03/28/2020
MLS Number: 589882
Listing Provided By:
Dawn Thornburgh  of  Beach Club Brokers (KW)