305 Whitehead Street, Key West, FL 33040

$1,750,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,676 Lot Size (sq. ft.): 3,120 Status: Closed
Current Price: $1,750,000 List Date: 6/07/2022 Last Modified: 8/26/2024

Description

This is an exceptional property in a great Old Town Key West location with OWNER FINANCING possible. Three legal, separately metered units, in a 1676 square foot building located in the Historic Residential/Office zoning district (HRO). The building can be used for either residential, offices, or be mixed use. The front two units (downstairs and upstairs) are currently used as a combined space with the original historic interior staircase and much of the original trim-work. The building is designated as an historic structure originally built by Bradish W. (Hog) Johnson, Master Wrecker 1846-1914 and owner of Key West Wrecking Company, from ships' timbers salvaged from the reefs off of Key West. For residential use an on-street parking permit can be purchased from the City for approximately $80/year to use in metered parking areas in front of the building. For office use the City requires one reserved parking space for every 300 square feet of building used for offices to be located within 500 feet of the building. The building has been completely renovated and updated for its current use as offices in the front of the building (downstairs and upstairs units) and a separate rear centrally air conditioned one bedroom apartment with a private rear yard and deck. All new interior wiring and exterior meter bases. New plumbing lines, water heaters, and modern fixtures throughout. Also recently installed code compliant roofs, shutters, windows and doors. The main levels of the building are ADA compliant with bricked walkways and ramps incorporated into a nicely landscaped yard. A Letter of Map Amendment (LOMA) was obtained from the National Flood Insurance Program (NFIP) classifying the building as being in the equivalent of an X-Zone for flood insurance purposes.

More Information MLS# 600869

Contract Information

Listing Board: Key West Association As is Rght to Inspct: Yes Species List: No Current Price: $1,750,000 Listing Date: 2022-05-04 Sold Price: $1,750,000

Location, Tax & Legal

KW Neighborhood: Old Town-N of Truman City: KEY WEST Off Shore Island: No Mile Marker: 1 Marathon Neighborhood: N/A Side: Bay/Gulf Flood Zone: AE,0.2 PCT ANNUAL CH Alternate Key #: 1004707 Handicap Access: Yes Parcel #: 00004520-000000 Zoning: HRO - Historic Residential/Office Deed Restrictions: Unknown Legal: KW PT LOT 3 SQR 25 OR87-76-77 OR781-854/59 PROB77-272 OR825-1104/09 OR825-1110 OR825-1117 OR868-506 OR1000-2489 OR2738-1 Taxes: 7291.52 Tax Year: 2021 Pub Sewer HkUp: Yes Street #: 305 Street Name: Whitehead Street Suffix: Street Key/Island: Key West State/Province: FL Zip Code: 33040 County: Monroe Subdivision: Old Town - Unrecord (1.0) Area: 01 - Key West

General Property Description

Realtor.COM Type: Multi-family Waterfront: No Control Depth: 0 Lot SqFt: 3120 Pool: No Total Units: 3 Acres: 0.07 SqFt Source: Tax Records Rentals Allowed: With Restrictions Min Rental Days: 30 Style: Single Family Year Built: 1938 Living Apx SqFt: 1676 Total Bedrooms: 3 Full Baths: 3 Total Baths: 3

Remarks & Misc

Remarks – Consumer: This is an exceptional property in a great Old Town Key West location with OWNER FINANCING possible. Three legal, separately metered units, in a 1676 square foot building located in the Historic Residential/Office zoning district (HRO). The building can be used for either residential, offices, or be mixed use. The front two units (downstairs and upstairs) are currently used as a combined space with the original historic interior staircase and much of the original trim-work. The building is designated as an historic structure originally built by Bradish W. (Hog) Johnson, Master Wrecker 1846-1914 and owner of Key West Wrecking Company, from ships' timbers salvaged from the reefs off of Key West. For residential use an on-street parking permit can be purchased from the City for approximately $80/year to use in metered parking areas in front of the building. For office use the City requires one reserved parking space for every 300 square feet of building used for offices to be located within 500 feet of the building. The building has been completely renovated and updated for its current use as offices in the front of the building (downstairs and upstairs units) and a separate rear centrally air conditioned one bedroom apartment with a private rear yard and deck. All new interior wiring and exterior meter bases. New plumbing lines, water heaters, and modern fixtures throughout. Also recently installed code compliant roofs, shutters, windows and doors. The main levels of the building are ADA compliant with bricked walkways and ramps incorporated into a nicely landscaped yard. A Letter of Map Amendment (LOMA) was obtained from the National Flood Insurance Program (NFIP) classifying the building as being in the equivalent of an X-Zone for flood insurance purposes. Directions: Located on Whitehead Street diagonally across from Truman Annex Presidential Gates between Eaton and Caroline Streets.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

License Info

Transient Rntl Licns: No

Fee Includes

None: 1

Dockage

None: 1

Tax Exemptions

None: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Refrigerator: 1 Washer: 1

Pets

Pets Allowed: 1

Cooling

Heat: 1 Heat Pump: 1

Waterfront

None: 1

Waterview

No Waterview: 1

Floor

Wood: 1

Property Condition

Updated/Remodeled: 1

Building Style

Above Flood: Unknown

Construction

Frame: 1

Land Size

Less Than 1/4 Acre: 1

Furnished

Partially: 1

Terms

Seller Finance Psble: 1

Utilities

Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Pre-Wired

Cable: 1

Financial Status

Standard Sale: Yes

Accessibility Feat

Accessible: 1

Status Change Info

Sold Date: 2022-06-29 Sold Price: $1,750,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: None Waterview: No Waterview Dockage: None Property Condition: Updated/Remodeled Furnished: Partially Cooling: Heat; Heat Pump Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Pre-Wired: Cable Appliances: Dishwasher; Disposal; Dryer; Refrigerator; Washer Accessibility Feat: Accessible Construction: Frame Floor: Wood Pets: Pets Allowed Land Size: Less Than 1/4 Acre Terms: Seller Finance Psble
Listing Office: Preferred Properties (KW)
Last Updated: August - 26 - 2024
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