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Sunday, January 30, 2011

1518 United Street - Key West - Short Sale

We are getting to the bare bones of houses for sale at reasonable prices in Key West. I did a quick search of properties priced on a 'per square foot' asking price in the Old Town and near Old Town areas. I only found 14 priced below that of 1518 United Street. I have written about 5 of those properties before. They are all challenged a bit by location or condition or both. That's why they are priced so cheaply.

Tennessee Williams House on Duncan Street

That's why I decided to discuss the United Street property. The asking price is just $324,000 or $300 per sq ft. The listing Realtor (at Preferred Properties-that's where I work) describes 1518 United Street this way:
"Three bedroom, two bath mid-town home located next to the electric substation which is the quietest neighbor you could ever hope to have! Ceramic tile floors, wood floor in Master bedroom. Lots of windows, new kitchen cabinetry and the living area has glass doors leading to the deck and large yard. Very private and completely fenced."
Tropical foliage and brick pavers surround the property

1518 United Street next door neighbor to the east

The 3 bedroom two bath house has 1080 sq ft of living space and sits on a large 5025 sq ft (50'x100') lot. The house is a big rectangle with main entrance on the side. The livingroom is at the rear house. The livingroom has nice new windows and French doors that look out to the rear deck and lush tropical foliage. I think there is adequate room for a pool at the rear and certainly on the side. There is a large covered carport attached to the right front of the house now. A new owner might ditch that carport in favor of a bricked driveway and white picket fence. The Keys Energy power station next door to the east is probably turn off to a lot of potential buyers who decide not to look. That's a mistake bargain hunters make. They want perfect for near-free. This is a good house at a good price with a big lot. A buyer with the zeal for a deal and a good imagination, a sense of design, and a few extra bucks could turn this bare bones short sale into a very nice home within the matter of a month or so. It is worth the look. CLICK HERE to checkout the mls data base and to view more listing photos.

Bayview Park is our real and very useful city park

The Key West Police & Fire Departments are across from Bayview Park

Horace O'Bryant Middle School is nearby

Get your licks in at the DQ

This property is located in the Arts District east of White Street and south of Truman. Bayview Park is only a couple of blocks to the north. The Horace O'Bryabnt Middle School (across from Bayview Park) is in the process of being replaced by a brand new school within the next year or so. The MARC House is a couple of blocks to the west where you can find wonderful plants to fill your amazing new Key West garden. The one and only Key West Dairy Queen is a three block walk-you'll be surprised by how many famous Key West locals you will find there at night getting their licks in. The Atlantic Ocean is probably a seven to ten minute walk. Ride your bike; tote a beach chair; and tan for free.

The beaches are within walking distance

If you would like to see 1518 United Street or any other property in Key West, please contact me, Gary Thomas, 305-766-2642. 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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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.