1018 James Street - Key West Renovation Property

I wrote about 1018 James Street (pictured immediately below) in January 2011. It did not sell then, but I'm pretty confident the soon to be completed renovation of the house next door at 1016 James Street will help persuade wannabe fixer-uppers that 1018 James Street is a project worthy of serious consideration.  The Monroe County Property Appraiser says that 1018 James Street was built in 1900.

1018 James Street - 1965

I dug into the old shoebox and found the photo below which says it was taken by the WPA in the 1930s. It shows homes in the 1000 block of James Street (dirt road is a better description).

Look at how sharp and clean the house next door at 1016 James Street now looks. Compare today's visage with how run down and forlorn the house looked in August 2010 when the renovations began at that location.

October 2012

August 2010

Now let's look at the front and rear of 1018 James Street.  Let your mind's eye envision how you could transform this similarly sad street scene into something especially satisfying.


 

 Look at the back of the house and the large back yard. Imagine how you could reconfigure the house, maybe enlarge it and add a rear deck, a pool, perhaps convert the ugly little building to the side into a pool cabana. The lot is 41' x 80'.

1018 James Street offers a bonus to potential buyers that out of towners may not appreciate until you start getting estimates from builders. That bonus is that the rear of the property is located on Thompson Lane. This is make demolition of existing building parts and removal of debris very easy. Likewise, having the extra space available during construction should reduce your construction costs and save money on not having to carry materials back and forth on the side lot or through the house. (Labor makes up a big portion of any project. Keep labor costs down by buying smart renovation projects.)

Rear building might become a pool cabana

 I took some additional photos which you can view if you CLICK HERE. And please CLICK HERE to view the Key West Association of Realtors mls datasheet and listing photos of this property.  1018 James Street is a 1510 sq ft house that sits on a 3304 sq ft lot (or 41' x 80').  It is offered for sale at $425,000.  (The house next door at 1016 James Street was originally a 984 sq ft house that sits on a 40' x 80' lot.)

The Key West Historic Architectural Review Commission will have some impact on what you can do to the outside of the property, but you as a new homeowner can decide how you want to re-create the inside of the house.  You and your architect and builder will tear down existing walls and eliminate decades of old school design. You can create you perfect Key West getaway place.

1018 James Street is located about two blocks south of the Historic Key West Seaport and the shops and restaurants in that area. The shops, galleries, and nightlife on Duval Street is an easy walk from here, just six blocks or about ten minutes.

If you would like to see 1018 James Street or any other home in Key West please contact me, Gary Thomas, 305-766-2642 or send me an email at kw1101v@aol.com. I am a buyers agent and  a full time Realtor at Preferred Properties Coastal Realty, Inc. Let me help you find your place in Paradise.

A Modest Proposal - An Eyebrow "Lift" in Key West

405 Frances Street as it appeared in 1965

It was built in 1889 and look like this when it sold in 2009 for $216,500

405 Frances Street looked undressed in June 2010

New "skin" is being added to the old but improved frame

There are many reasons people fall in love with Key West. One of those is the distinctive architecture. I have watched the renovation of numerous homes since I first came to Key West 26 years ago. Some are done by weekend warriors; some by fast-buck artists; and some are done by craftsmen. A little while back I posted a photo of the previously forlorn eyebrow house (above) at 405 Frances Street. I have been going by the place over the past few months and photographing the progress. I am inspired by the transformation. I can't wait to see the finished product.

I got to show the Frances Street house a few times before it was sold. The listing agent would not go inside. The place was filled with years of accumulated crap piled high. The smell was over-powering. People were living inside this hell hole. It was so sad. And scary. Buyers were so turned off that they would not give the place a second thought. Except one buyer finally did. He paid $216,500. The place looked small and unfixable. Now it is beginning to look quite large and impressive.

I mention 405 Frances Street because it is illustrative of many unappreciated houses in Old Town that have been neglected for far too many years. In many cases the owners moved out long ago and left the old house to renters. And in many of those instances no improvements have been made for a long time. When owners don't care, tenants don't care either. It becomes a vicious cycle. Bad houses often depress other houses in the neighborhood.

I found two Key West eyebrow houses that need "eyebrow" lifts to bring them into the 21st Century.

1016 James Street is located near the Historic Key West Seaport. I've shown this place a few times. It's a mess. CLICK HERE to checkout the mls listing info. The listing Realtor calls the place a diamond in the rough. We are both right in our descriptions. If you gut this place and jack up the building to pour new piers and replace joists and other structural members that need fixing, you will have a sturdy new foundation upon which to reinvigorate a classic Key West eyebrow house. Forget about all that is wrong with the current place, because all of that will be gone. It will get transported to the dump. The location will remain. What happens after that is between the owner, the architect, the contractor, and HARC. The asking price is $325,000.

What you cannot see from the mls listing photos is the backyard and the potential to change this house for the better. The yard is 3404 sq ft (40' x 80'). The rear of the property is on Thompson Lane-a small lane with only a few houses that get access from either Frances Street or Grinnell Street. The back of the house has an addition that could be removed and replaced with a new two story addition that could make the entire house move functional. There are two "out" buildings on the lot as well. Key West regulations may permit the renovation of one into a guest cottage or maybe a pool house. There is no pool now, but there is room for one. Or maybe room for covered off street parking.

1016 James Street photographed by the WPA in the 1930s (above)

1016 James Street as it appears in August 2o1o

The "addition" should be removed and rebuilt. Still room for a pool and guest cottage.

House behind on Thompson Lane added covered parking, bricked pavers, and a white fence

The house at 716 Thomas Street (below) was recently listed. CLICK HERE to checkout the listing information on this two story eyebrow house. This house has 1896 sq ft of living space an sits on a 3136 sq ft lot ( 32' x 98'). That means this house has room for a pool as well. 716 Thomas Street is offered at $399,000.

716 Thomas Street as it appeared in 1965

716 Thomas Street in Old Town Key West August 2010

A few years ago you would hear the din of power saws and nail guns all over Old Town. It's much quieter these days. There are not as many construction jobs going on. Builders are still building, but the number of jobs has lessened. I think now is a good time to do a project house because there is competition for the work. And whether you want to do an eyebrow house, a cigar maker's cottage, or a grand conch home, there are many good properties to chose from.

If you would like to see 1016 James Street, 716 Thomas Street, or any other house in Key West, please consider calling me, Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West, Florida.