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Wednesday, August 4, 2010

711 Georgia Street - The Meadows Area - Key West - Bank Owned

711 Georgia Street - The Meadows Area of Old Town Key West
It used to be that potential buyers would ask me if I could find them a good bank owned property and I would tell them there are none. That was then. This is now. There are various kinds of kinds of bank owned properties. Some are real dogs. Some have "issues". And some are sweet deals ripe for the picking. The new listing at 711 Georgia Street is one with only a couple of minor issues and it might just work for you. Read on.

711 Georgia Street is BANK OWNED and it is located in The Meadows Area of Key West. MAP This property was previously owned by a real estate agent and was previously offered in 2006 at $1,199,000. The place had top of the line stainless steel appliances then. Now that the property is bank owned the same property is offered today at $429,000 or $339 per sq ft. The appliances are missing. Other than the missing appliances, everything else about the place looks pretty much the same except that price. It got a whole lot better.

This is how the listing agent describes 711 Georgia Street:
"711Georgia Exceptional 3 bedroom 2.5 bath light filled sancuary on quiet, beautiful tree lined Georgia street. Between Angela and Newton in the prestigious Meadows. Tiffany colored jewel box with a brick drive and white picket fence surrounded by pretty Conch homes and lovely neighbors. Just a short bike ride to Duval Street, historic Old Town, Art District, beaches and Bayview Park. Exquisite use of space. Splendid architectural renovation in 2005. Ambient lighting, stunning gourmet kitchen, gorgeous baths, master bath ensuite with private balcony. Small yard. Impact windows and metal roof. Looks brand new. Centrally located."
There is a lot of "house" in this place. Things are compact but not tiny. The kitchen and livingroom share the main floor where there is an adjacent guest bath. The bedrooms and baths are on floors two and three. The finishes and construction look to be in good order. I did not see any thing objectionable except the missing appliances. There is a good sized off street bricked parking space surrounded by a bright white picket fence. Just beyond the parking area is a private fenced in area that the former owner claimed provided room for a pool. Bring a blow-up pool if you want to have chairs, however. That space is pretty dinky if you ask me. There are plenty of people who do not need a pool but do need a nice house that does not need fixing. CLICK HERE to see a bunch of photos I took of this property.


Potential with a grain of salt!

This house is one block off White Street and within easy walking or biking to all of Old Town. This block is really quiet because the adjacent street (Angelica Street) abuts the gated Peary Court Naval property. There is hardly any vehicular traffic. Nothing important happened nearby so you won't be seeing a Conch Train.

View from second floor balcony at 711 Georgia Street - it ain't bad!

If you are looking for an affordable house in a good location, please call me, Gary Thomas, 305-766-2642 to take a look at 711 Georgia Street. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida. Our office is the Exclusive Lower Florida Keys affiliate of Christie's Great Estates.

3 comments:

Anonymous said...

This is a really cute little house in a secluded and private area. Don't blink if you do a drive-by or you'll miss it! Too bad it doesn't have a little more room for a pool.

Gary Thomas said...

Actually, it's not "little". It's pretty tall and comfortably sized.

The potential pool space is too small for a real pool with sufficient deck space. Otherwise, the space would work well for a very nice outdoor terrace which is what it is today.

Gary

Anonymous said...

AHHH....Georgia on My Mind.....nice indeed!

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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.