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Thursday, March 12, 2015

1516 Duncombe Street, Key West - Bank Owned

The banner photo above was taken about sixty years ago in front of the old Key West High School at 1300 White Street. The new high school coincidentally is located across the street from the house that is the subject of today's blog - 1516 Dumcombe Street. The listing Realtor describes this Bank Owned property this way:
"This three bedroom home features tiled floors throughout, updated kitchen with granite counters and SS appliances. Large family room, utility room and a fully fenced yard. Great location, walking distance to shopping and beaches."


1516 Duncombe Street is a 1247 sq ft ranch style CBS (concrete block construction) house built in 1964. That's the same year Harry James Mitchell took the above photo of a street in Key West. The architecture used in the Duncombe Street house was new in 1964 but it is old now just as the houses in the photo were old then - perhaps fifty years old when that photo was taken. Those old houses are now treasured by people who want to buy a place in Key West. The old houses have become so expensive that many folks think they may not be able to afford a place in Key West. The house on Duncombe Street needs some "fixing" but it is affordable by Key West standards. Let's take a look.
Key West High School is located across the street
Third Bedroom or Family Room
Bedroom No. 1
Bedroom No. 2
The house sits on a 52' X 93' sq ft lot (4840 sq ft). There is an ample side yard for parking two cars plus a very large rear yard with plenty of room for a pool. The house was updated by a prior owner. There are some issues a new owner will have to tackle including repairs to the rear bedroom.  A home inspector can help a buyer identify the issues this house faces and give an estimate on the cost to repair the same. CLICK HERE to see more photos I took of this house.
1516 Duncombe Street is offered for sale at $359,900 or $288 per sq ft. That's $108 per sq ft less than the average house priced under $555,000 in Key West. Please call me, Gary Thomas, 305-766-2642 to set up a showing to see this property. I am a buyers agent and a full time Realtor at Preferred Properties Key West.

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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.