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Thursday, October 21, 2010

1219 Margaret Street - Old Town - Key West


1219 Margaret Street - Key West

The really big two story Conch style house located at 1219 Margaret Street in the South of Truman area of Old Town was just listed for sale, but not by me, at the asking price of $799,000. While this home may look old, it was actually built brand new (not renovated) in 1999.

The listing Realtor describes this home thus:
"Fabulous 3 bedroom 3.5 bath home with private pool, and covered carport for 2 cars. This home has been owner occupied since it was built in 1999, and is in exceptional condition. There is a 25 K whole house diesel generator, covered back porch rain/wind roll down curtains, oak floors throughout, Kitchen with new corian counter tops and appliances, an expansive 720 sq. Ft. 3rd floor which is suitable for bedroom plus work/play room. This home can be sold furnished."


If you are one of the value shoppers that looks and looks until you find the right house at the right price, your shopping days may be over. The listing agent says this home has 2160 sq ft of living space on three levels. The main floor is typical Key West with a large open kitchen, dining, and living area that open via French doors out onto the rear deck and tropical pool area. There are two good sized bedrooms and baths on the second floor. And the third floor has the bonus space you hardly ever see in an Old Town home. That space is perfect for use as a guest room, office, or playroom for the kids or grand kids. The front yard has the required white picket fence and there is covered off street parking accessed by a private rear lane.

Speaking of the private rear lane, I took the photos late yesterday afternoon. As I finished with the photos of the lane and parking and was heading for my car I looked up and realized the Atlantic Ocean and the beaches are only a five block walk to the south. Duval Street is a five minute walk to the west and Faustos Food Palace is a five minute walk to the east.

RECAP: 3 beds, 3 1/2 baths, pool, covered off street parking for two cars, Old Town, move-in condition, and priced at $799,000 or $370 per sq ft. This, dear reader, is a deal! Stop procrastinating and buy it before somebody beats you to the dotted line.

Private alley behind 1219 Margaret Street

Covered Parking for two cars

CLICK HERE to checkout the Key West mls datasheet and listing photos of this property. Take your time to look at the listing photos so that you can see too many features to enumerate. Don't undervalue the huge generator (either by cost and especially by value). A whole house system costs a lot to install but proves its worth when we are without power as sometimes happens.

If you are looking for a very clean and ready to move into house that is priced to sell, please call me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.

3 comments:

Anonymous said...

THIS is a really good deal! And, IMHO, an example of smart sellers. They bought before the run-up in prices and aren't trying to sell this for what they might have fetched in 2005. Kudos to them. My bet is that this home will move fast, they'll have an asset off their books and the buyer will get a good deal.

Anonymous said...

The MLS says this is a condo. Is that accurate or a misprint?

Gary Thomas said...

Owner owns the house in fee simple and is totally responsible for that property. The "condo" portion is the commonly owned private alley which provides access to the off street parking. The condo fee is a nominal $350 per year which includes taxes, insurance, and maintenance of the private alley.

I hope that helps.
Gary

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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.