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Monday, May 17, 2010

1432 Virginia Street - Really Big Short Sale - Key West



1432 Virginia Street - Key West

1432Virginia Street as it appeared in 1965

The Classic Conch House at 1432 Virginia Street is the kind of place perennial vacationers dream of owning someday. It has the street appeal and interior features that make would-be buyers salivate. This property is offered as a short sale at the asking price of $550,000.

The listing Realtor describes this property this way:
"True Conch home with Dade County Pine throughout, in excellent location across from Bayview Park green areas! 2bd/1ba down with 2bd/1ba up and third story attic partially floored and insulated. High ceilings, wood floors, balcony from second story overlooking quiet green location of park! Private large deck plus 10 x 8 outbuilding with electric and water. Off-street parking space and totally fenced property. Short sale transaction subject to lender approval."
This classic two story 4 Bedroom 2 bath home sits directly across the street from Bay View Park in Old Town. It has double porches at the front, Dade County pine walls, wood floors and a charming stair case CLICK HERE. This large home (1480 sq ft) has a flexible floor plan and expansion possibilities. There is room for a nice size pool and potential conversion of the out building into a pool house. The electric and plumbing are either new or recently updated.

Bay View Park from the second floor front balcony

The view of Bay View Park from the second floor front balcony is just wonderful. The park is big and expansive and provides a nice relief from the closeness of so much of Old Town Key West. The bandstand CLICK HERE is located at the far east end and the tennis courts (CLICK HERE to see them as photographed in 1935) are located near the far west end. The area directly across from this house is most green grass and tall trees. CLICK HERE to see a photo taken in 1950 of the Confederate War Memorial at the east end of the park near the bandstand. The same war memorial is visible 60 years later on the opposite side of the bandstand CLICK HERE.

This house has an abundance of darkly colored Dade County Pine. (Walls, ceilings, and floors.) The jalousie windows CLICK HERE are a throwback to another age as well. And they must go. The house is ready for updating. According to the Monroe County Tax Appraiser the house was orginaly built around 1899. See black and white photo above that shows the house in 1965. The house hasn't changed much except the exterior is now painted blue. The front of the house now has some trees, but otherwise what was then is now. That is why buying an old house in Key West is so much fun. The way we were is the way we are and forever will be, at least that is the case as long as HARC stays around. It's the small things people do to improve their homes, the fences and landscaping, mailboxes and artwork that set each house apart from the next. I have seen enough houses like this to know that 1432 Virginia Street has the bones to become something great. CLICK HERE to view the mls data sheet and to view more photos.

Please call me, Gary Thomas, 305-766-2642 to schedule your own private showing of this large and classic Key West conch house. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

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The information on this site is for discussion purposes only. Under no circumstances does this information constitute a recommendation to buy or sell securities, assets, real estate, or otherwise. Information has not been verified, is not guaranteed, and is subject to change.

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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.