|620 Eaton Street, Key West|
There were several sales which I thought were very interesting and worth mentioning. I wrote about some of these properties in my blog. 1441 Thompson Street (below) was a bank owned property which I wrote about. I got more phone calls and emails from potential buyers on this than any other property that I wrote about during the past six months. The asking price was just $360,900. It sold for $380,100. The new owners have already begun cleaning out the tropical over-growth. I can't wait to see what they do to this Bargain!
Located in the Heart of Old Town but tucked away and hidden from view is 6 Pinder Lane, an enchanting home and secret garden that once belonged to author Nancy Friday. The home seems to rise from the garden with a wrap-around-porch and broad deck that circles the nearby pool and spa. This very private home has three bedrooms and two baths including the treetop master bedroom with private bath. I listed this home at $1,549,000 or $1,072 per sq ft. It sold at the asking price. I thought the home was perfect as is. The new owner is going to renovate the house and redo the garden and pool. The existing house and garden are magical. I am sure the renovated home and garden will be spectacular. There are fewer and fewer totally private locations like this in Old Town. If you are a buyer who wants privacy or a property that is really special in some sort of way, the better thing to do is to buy it. Because someone else will buy it. And you may regret listening to that cheap angel that sits on your shoulder.
I then did a quick sales price comparison by location.
OLD TOWN. This is the area most potential new buyers think they would want to live in. There is definitely an advantage of living within an easy walking distance to restaurants, theaters, galleries, gyms, night spots, and places you go every day. There were 84 single family home sales in Old Town in the first six months of 2015. The average price per sq ft was $639.41. The median sales price was $953,516. The sales price ratio to list price was 95.20%. 620 Eaton Street was the most expensive home that sold - $4,495,000. A little fixer located across the street from the cemetery was the least expensive home - it sold at $327,500.
|1311 Truman Avenue - The Meadows Area|
|901 Washington St, Casa Marina Area|