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Sunday, September 27, 2009

2718 Harris Street - Bank Owned - Key West

I chose the lopsided photo of 2718 Harris Street for a reason: the property is Bank Owned and the price on this property is askew. Let me explain further.

2718 Harris Street is located just at the beginning of New Town. It is a couple of blocks directly north of Grace Lutheran Church on Flagler Boulevard I toured this house over a year ago on Realtor caravan with about 40 other Realtors. What first struck me about this house was the asking price at that time $1,899,000. That was an awful lot of money for that block and that house at that time! Once I got inside I could see all of the love and creativity that went into the remodel that the owner was just completing. I think most of us thought the house was over-built for the area and way over-priced PERIOD! As the months passed the owner progressively dropped the asking price down to $1.1 million. Then the bank foreclosed.

Take a moment and CLICK HERE to look at the photos and read the description of 2718 Harris before it became Bank Owned. Note how attractive the place looked with appliances. They are missing now. CLICK HERE to see the current mls listing info and look at the current photos. You will see the same rooms, similar views, same location, lower price, work to be done, and more money to be spent by a new owner. This is how the current listing Realtor describes the house today:
"Bank Owned awaiting a loving new owner. Take advantage of this rare opportunity to acquire a sprawling home in great New Town neighborhood. Totaling 4 bedrooms and 3 1/2 baths including a 1bd/1ba private guest suite. Gorgeous state of the art finishes throughout, overlooking custom pool situated on a spacious 9000+ sq. ft. double lot. Minimal amount of finish work required including appliance package and a few other miscellaneous details. Vacant and easy to show."
2718 Harris Street is now priced at $699,000 or $179 per sq ft. It's a big house: 3910 sq ft that sits on a really big 9164 sq ft lot. The house has 4 bedrooms and 4 baths, a great kitchen, and lots of open living space. I have included photos of neighboring houses so that you get a feeling for the area. CLICK HERE and CLICK HERE (house next door to west). There are some other larger homes in the immediate area, but most of the houses are 1960's and 1970's vintage ranches. I'm not telling you anything you can't see for yourself about this house being over built for the area. Here are some other photos I took of 2718 Harris Street this morning:

The house at 2718 Harris Street is owned by a local bank so we ought to get a quick response on any offer. This property is vacant (YEAH!) and easy to show. If you are interested in looking at this bank owned property please call me, Gary Thomas, 305,766-2642 or contact me by email at This is a house you bargain hunters just might want to take a look at.


Gary Thomas said...

I am surprised nobody commented about the "missing" appliances. Maybe we are all used to seeing thousands of dollars worth of appliances suddenly disappear from foreclosed properties.


Anonymous said...

I guess we are all so conditioned to seeing homes that are 'bank owned' without the normal amenities such as window treatments/shutters, outlet covers, heat registers, light fixtures, plumbing fixtures, a/c units, banisters, interior doors, closet rods, even copper pipes, granite counters, French doors, or tile from the floors that the lack of appliances is just a given. I knew of one house that the outside city electic meter was stolen. Very sad.

Gary Thomas said...

Go back and hit the first "CLICK HERE" link.

I seriously doubt that any stranger walked in and took all the appliances, etc.

A couple of nights ago a talking head on TV said that so many people have been foreclosed upon that there is no longer any stigma to it.

Maybe she was right. I'll bet at least one neighbor saw the appliances being removed. I'll bet somebody knows who looted that house. But maybe nobody cares because everyone knew that the bank was going to end up owning the property. Situational Ethics!

All of this petty thievery affects all of us. If we watch it and don't report it, we are complicit in the the crime.


Anonymous said...

When we become so complacent that to be in foreclosure does not affect us or when bankruptcy is a badge of honor, we as a society are doomed from within. I refuse to listen to political pundits regarding the housing situation. They, as with every aspect of the media, will do anything for ratings and truth has gone out focus. A sad commentary on life as we know it.


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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.