423 Olivia St, Key West, FL 33040

14 beds12 baths4,136 sqft Edit

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Sold: $920,000
Sold on 01/13/14
Zestimate®: $1,523,686
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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
  • Views: 2,114 all time views
  • Heating: Forced air
  • Last sold: Jan 2014 for $920,000
  • Last sale price/sqft: $222

Construction

  • Exterior material: Wood
  • Roof type: Other
  • Stories: 1

Other

  • Floor size: 4,136 sqft
  • Last remodel year: 1999
  • 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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$1,523,686
-$3,348 Last 30 days
$1.36M
$1.69M
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$9,912/mo
-$2,114 Last 30 days
$2.8K
$20K
Zestimate range

Popularity on Zillow

If this home is listed on Zillow, it will reach the largest real estate network on the web.*
2,114 all-time views
of this home (chart)
264 forecasted views of this home
in the first 7 days after listing for sale
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Comparable Homes

Homes like this sold for $785K-1.7M.

$690K
$1.79M

Mortgages

Neighborhood

Market guide

Zillow predicts Florida home values will rise 4.7% next year. Among 33040 homes, this home is valued 243.8% more than the midpoint (median) home, but is valued 36.6% 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 1.1% higher than in Key West, and 82.9% higher than the national average. This higher local number may prevent 33040 home values from rising as quickly as 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