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Tuesday, February 19, 2008

603 Angela Street Old Town Key West, Fl




Remember the Lennon/McCartney song All You Need Is Love? Well, this poor house at 603 Angela Street needs some luvin' real bad.

Unlike many of the houses in Old Town that need to be fixed up, this house is practically new. It was built in 1997, so it not yet even a teenager. But it has not been maintained very well. That is not to say it has been abused or damaged. I think it needs a thorough cleaning, a fresh coat of paint inside and outside, decks by the pool powerwashed (or better replaced), shutters replaced, and perhaps resurface the pool. The house should be tented for termites as well. Nothing I mentioned is really expensive or difficult to do, but doing all would immediately add value to the property.

The present owners have some issues that require the house be sold. So I think a prudent buyer would seize this opportunity to by a house so well located in a heartbeat. 603 Angela in the heart of Old Town and near the top of Solares Hill. It is one block to Duval. The Gardens Hotel is located caddy corner. (The rooms there go run between $300 to $680 per night.) And the former home of Philip Burton is across the street. CLICK HERE to read about the Philip Burton house.

The house at 603 Angela Street has two bedrooms and three full baths (in case you want your relatives or friends to sleep in the living room.) The two story house is 1440 sq ft and sits on a 2167 sq ft lot. It is priced at $749,000 or $520 per sq ft. That seems like a good price to me given the condition, but I think a real strong all cash quick close offer could take the property for even less. But that is just my opinion. I know the sellers really want to sell. CLICK HERE for more info.

The house next door that was built by the same builder and at the same time as 603 Angela is used as a vacation rental. CLICK HERE to the neighbor's cool pool. The property manager tells me he rents that home for $8000 per month. (It is used as a monthly, not transient, rental. So it is only rented to one renter per month--whether it be for a day or the entire month.) I think the house at 603 Angela could demand a similar price if the improvements I suggested were made.

All this house needs is love, and a fresh coat of paint, yada, yada, yada. Want to see it, call me, Gary Thomas, 305-766-2642 or e-mail me at kw1101v@aol.com.

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Gary Thomas in a Nutshell

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Key West, Florida, United States
I first read about Key West in a magazine called "After Dark" sometime in the mid 1970's. But it wasn't until March 1984 that I made my first visit to the island that would become my home. I had two weeks for a vacation and reserved a room at Colours Guesthouse (now Marrero's Guest House) for one week. I thought that if I didn't like Key West, I could always go back to Miami or Ft. Lauderdale for the rest of my trip. But after a couple of days in Key West, that was no longer a consideration. But when I wanted to extend my stay for the extra week I found there was no room at the inn. The guesthouse owner did find me a room at LaTeDa, the infamous guesthouse/restaurant. That's a story I'll write another day. But those two weeks in Key West gave me the realization that I had found Paradise. Key West has been my home since 1993 and my only regret is that it took me so long to get here. I am a full time Realtor at Preferred Properties CRI. Let me help you find your new home or business in Paradise. Living in Paradise is not a slogan, it's a way of life.