423 Olivia St, Key West, FL 33040

14 beds12 baths4,136 sqft

Sold: $920,000
Sold on 01/13/14
Zestimate®: $1,507,992
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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Income producing property just steps from Duval street with four legal units and parking. Property is in a receiver zone for City of Key West transient licenses. Priced at a 6.5% cap rate. Units 3 and 4 are designated affordable housing. Property is listed in X flood zone. Seller is offering a 5% bonus to buyer for a closing before 12/31/13.

Facts

  • Lot: 4,467 sqft
  • Multi Family
  • Built in 1999
  • Heating: Forced air
  • Last sold: Jan 2014 for $920,000
  • Price/sqft: $222

Construction

  • Exterior material: Wood
  • Roof type: Other
  • # Stories: 1.0
  • Structure type: Other

Other

  • Floor size: 4,136 sqft
  • Last remodel year: 2000
  • Parcel #: 00017170000000
  • Zillow Home ID: 82092243

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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$1,507,992
+$2,619 Last 30 days
$1.33M
$1.67M
Zestimate range

Popularity on Zillow

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Comparable Homes

Homes like this sold for $760K-1.0M.

$660K
$1.5M
 

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Neighborhood

Market guide

Zillow predicts Florida home values will rise 2.8% next year. Among 33040 homes, this home is valued 212.9% more than the midpoint (median) home, but is valued 40.5% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 33040, the number of foreclosures waiting to be sold is 7.8% less than in Key West, and 111.7% higher than the national average. This lower local number could help 33040 home values rise more quickly than other regions in Key West.

Learn more about forecast calculations.
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    Nearby Schools in Key West

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org