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Tuesday, April 22, 2014

112 Hutchinson Lane - Key West - Price Reduction

The asking price on 112 Hutchinson Lane in the Bahama Village area of Key West was just reduced to $399,000. If you are a potential buyer looking for a reasonably priced fixer, this historic cottage may be the property you have been hoping to find

I checked the old Sanborn Fire Maps of Key West to see if I could determine the approximate date this house was built.  Frequent readers know that our county property records were destroyed in the great fire many years ago. During the Depression workers from the Works Project Administration reconstructed property records and unfortunately attributed erroneous "construction" dates.  I went to the historic 1892 Sanborn Fire Map.  Houses in this immediate area are clearly shown on that map but the lane ws not given a name. No matter, we can tell by looking at the black and white photo below which was taken in 1965 that the house was ancient then. Compare the way it looked then to the way it looks today. I wish people aged as gracefully.  Really, I do.
According to the Monroe County Property Appraiser records the house is 720 sq ft and sits on a 43.5' x 66' (2872 sq ft) lot midway down one of the slowest lanes in Key West. Mind you this lane is only one block long and dead-ends at the end where a small compound of four homes share a pool.  More than half of the homes on this little lane have been updated.
This house has one of the wider lots which would probably allow for the reduction of the current two car off street parking spots into just one. That might provide space for the addition of a swimming pool running toward the rear of the lot.The house itself would benefit from an expansion that would include a new kitchen, new bath, new windows with shutters, etc. Even if a a new owner spent $400,000 you might end up with more square footage, a larger lot, a pool and off street parking for less than you would pay for the same size property on the opposite side of Duval Street.
The house itself is a typical cigar maker cottage with the door on the left. A hallway runs from front to rear along the south wall.  The first two rooms are bedrooms. The kitchen and bath are at the rear.  The kitchen is small. The bath was updated in 2012 and 2013. The exterior siding is board and batten and looks to be in good condition.
Hutchinson Lane is located three blocks west of Duval Street. Truman Avenue is a one way street heading west toward the new Truman Waterfront park which is very slowly going to be built.  Olivia Street is a one way street heading east from the waterfront park past Duval and through Old Town where it ends at Eisenhower Drive. This neighborhood is mostly residential with the exception of several restaurants located near the corner of Petronia and Thomas Street. Blue Heaven is probably the most famous restaurant there.  The Ft Zach Taylor State Park and Beach are within walking distance. When the new Truman waterfront park is completed, residents of Hutchinson Lane can walk there in less than five minutes. 
CLICK HERE to view the Key West mls datasheet on this property. I took more exterior photos of the house and the block which you can see if  you CLICK HERE. Better than looking at photos, please call me, Gary Thomas, 305-766-2642 to schedule a showing of this little cigar maker cottage. I am a buyers agent and a full time Realtor at Preferred Properties Key West

1 comment:

FsboQatar said...

The view of the apartment is really very awesome. I hope this will impress people who want to buy or rent an apartment or villas.
Real Estate Qatar


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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.