The house at 1119 Packer Street is located in the Old Town area referred to in the Key West MLS as South of Truman. This area is a beehive of activity of late. Buyers have discovered that homes in this area may be cheaper to buy and may offer design and build options that could not be achieved in the historic district. While the rules are the same, houses like 1119 Packer Street, which was built new in 1957, may avoid many of the rules that constrain renovations of historic homes.
The listing Realtor, not me, describes the property this way:
The Monroe County Property records show us this home was built in 1957 which means it is not historic. The home is in good condition. It has been maintained and does not need "fixed". I believe the size of the lot coupled with the location of the house on the lot, make it a great candidate for a renovation. The 1402 sq ft house sits on a 54.98' X 93.5' lot (5140 Sq Ft) located one block from the second highest spot in Key West - United Street. This home has a coveted X Flood Zone location which means a new buyer would not be required to purchase flood insurance if financed by a lender."LARGE FENCED PROPERTY WITH PLENTY OF OFF STREET PARKING IN OLD TOWN! 3 bedroom, 3 bath home is conveniently located to shopping and all that Key West has to offer. The property is completely fenced. Large yard. Properties with this kind of space are hard to find in Old Town. X Flood Zone."
I often imagine what a new owner could do to an existing home that would not cost too much money but that could totally transform the look and use of space. I would take down the old galvanzied fence and remove the concrete which surrounds most of the house. I would landscape the yard and install a new white picket fence and still maintain an off street parking space.
The current house is divided into many small rooms with varied uses. A new owner will likely gut the interior and re-purpose all of the spaces. If I owned this house, I would move the bedrooms to the front and move the living, dining, and kitchen to the rear. I would expand the existing rear just a bit to give the space a clean and sophisticated look and then open a portion to create anew covered rear porch over looking the pool and rear garden. I would add a deck at floor level so that the owner could walk from house to pool without stepping down. The rear lot runs 50 feet - that is more than adequate space to add a great pool with room for deck and garden. You can't find many lots in the historic district with this much land and especially lots that are void of troublesome trees.
Packer Street is located five blocks east of Duval Street - the same distance as Margaret Street in the historic district. So it is a five to seven minute walk to Duval. Most of the gyms and yoga studios are located within a five minute walk. Fausto's has a grocery store located on White St which is five blocks to the east.
Most of the houses on this block of Packer Street have been renovated in the past few years. This is one of the few houses that remains untouched. I would love to show this place to a buyer who wants to create that perfect place in Paradise. CLICK HERE to view the Key West MLS datasheet. Then please call me, Gary Thomas, 305-766-2642, to schedule an appointment. I am a buyers agent and a full time Realtor at Preferred Properties Key West.
4 comments:
Hi Gary, What is the correct list price on this property. When I hit the MLS link in your blog it shows $599K but when I do a direct search using your MLS search link it shows $899K. Thanks.
It seems like the new MLS is still having problems with the public links. Too bad - I really preferred the old with better info and nicer layout.
The mls was not working this morning when I first read the price comment. It is now. The current price is $899,000.
Gary
The link works.
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