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Wednesday, April 16, 2014

Bank Owned - 1621 Rose Street Key West - Price Reduction

If you are looking for a reasonably priced home in great Key West neighborhood, you might want to consider either 1621 Rose Street #1 and #2 Key West, Florida.  These two town homes are Bank Owned by a local Key West bank. The asking price was just reduced from $525,000 to $499,000. The listing Realtor describes the homes this way:
"Spacious 3Br/3Bth en-suite condo w/private heated pool located Very Close to the Casa Marina area. Built in 2008. This condo offers a BR & Bath down and two BR's upstairs w/Jacuzzi tubs. The rear BR has a deck overlooking the pool. Laundry room has full sized washer & dryer. Kitchen has granite counter tops. Rear yard has mature vegetation and plenty of space to relax and entertain. Close to several of the beaches, Rest Beach, Higgs and Smathers Beaches. Walk down to White Street Pier to watch the daily water sports enthusiasts or take a romantic evening stroll and watch the moon and stars reflect on the ocean. Mid Town location is excellent. There are only 2 condos, side by side with same amenities, off street parking, both are for sale."
These homes are each 1439 sq ft and are identical in every way except they are mirror images of each other.  They each feature stucco siding, what I believe to be impact windows and doors, metal roofs, a large sunny pool with waterfall surrounded by Trex decking. The asking price on each home is $499,000.  That is a lot of house in Key West for the asking price and because the construction is new, your insurance costs and energy costs should be significantly lower than a comparably sized home elsewhere in Key West.  CLICK HERE to view the Key West Association of Realtors mls datasheet on this property.  Remember, there is no homeowner association nor any home owner fees to be paid. Each owner is responsible for individual maintenance and insurance. 
The master bedroom with en-suite bath is located on the second floor. The master bath includes two individual vanities, Jacuzzi tub, separate shower, linen closet, and water closet.   
The laundry room and a separate storage closet are both located off the second floor hallway. A spacious second bedroom is located at the rear. It has French doors that open out to a covered rear porch that overlooks the backyard and pool with waterfall. The second bedroom has an en-suite bath nearly as large as the master suite.  Two co-equal homeowners would find either bedroom acceptable.
The second floor decking is traditional wood. However, the main level and pool surround is Trex Deck - a composite material which requires low maintenance. The Trex deck will stand up to Key West's tropical climate and that will save the new homeowner money by eliminating costly maintenance or replacement every few years.
I took many more photos of both properties which you can see if you CLICK HERE. But better than looking at photos, please call me, Gary Thomas, 305-766-2642 to schedule a private showing of this attractive 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.

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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.