CLICK HERE Google aerial view of the area which I will discuss late. The lot is 50' X 70' or 3500 sq ft which is a good size for the area. The existing house was built in 1953 and is a CBS (concrete block construction) building. It is not deemed a contributing structure. I believe a new owner could tear down the existing building and re-orient a new house more efficiently on the lot. (There's wasted space on north and south sides and a tiny back yard.) Any new structure would have to comply with current building codes and set backs. But the large lot size affords a new owner flexibility as to what type of house to build (maybe a Conch cottage or a two story home) and where to situate the property on the lot. A new owner might site the front of the house on Albury which would leave room at the rear (south side) for a new pool.
The current house has been lived in "as is" for several years. It is typical of many 1950s era ranch houses with two bedrooms, one bath, a shared living and dining area and a closed off kitchen. Each of the rooms have original Cuban tile floors (all in good condition). The bathroom is a throwback to the colorful 1950s tiled bathrooms. There is even a cedar lined closet. Both bedrooms have good sized closets. A new owner would probably replace the jalousie windows. I would expand some of the widow sizes and replace with energy efficient impact windows. The kitchen exists - but barely. A new owner would probably install a new kitchen and update the appliances. I believe the south side yard is large enough to accommodate a new pool.
CLICK HERE to view the Key West Association of Realtors mls data sheet.
Please call me, Gary Thomas, 305-766-2642 to schedule a showing of this bank owned property. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Let me help you find your place in Paradise.