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Sunday, March 22, 2015

812 Johnson Lane, Key West - Two Houses, One Price!

If you are in Key West and are out and about today after church or after brunch, stop by my Open House at 812 Johnson Lane in Old Town Key West. I have put a GOOGLE MAP just below so that you can find me. The home will be open 12:00 to 2:00 PM.
812 Johnson Lane is actually located three blocks from Duval Street and about one-half block north of Truman Avenue on a single block that begins at Windsor Lane and ends at Packer Street. Most of the cottage style houses on this block date back to the beginning of the twentieth century. Several of the cottages have been renovated including one across the street that merited a Ceramic Star several years ago. This is a quiet little lane near everything, and 812 Johnson Lane is a bright little star on this street.
The front cottage was totally renovated in 2014. All interiors were gutted and replaced. Today there are two new large bedrooms with ample closet space, recessed lighting, crown molding, and new floors. There's a new travertine marble bath and a cute new kitchen complete with new cabinetry, granite counter-tops, and stainless steel appliances. The house is laid out with two bedrooms up front off the main hallway. The open living area is at the rear where beveled glass doors open out to the covered rear porch that overlooks the heated pool that is 5' deep. I mention the depth because size matters to some people.
 
The covered porch looks not only provides shelter from the sun but also provides a comfortable and protected space for poolside dining. You'll be surprised at how much time we Key Westers spend outside - that's a big part of the reason many of left our lives in the frozen north.
There is a second cottage at the far side of the pool. The owner obtained permission to add a bath and laundry to the cottage. There is also an outdoor shower on the back side of the cottage. The lot extends 117 feet from Johnson Lane to the rear property line. That's deep for a property in Old Town. When you look up to the sky you can actually see the sky and sunshine. There are nice trees on the neighboring houses which the neighbors get to take care of. Here, the owner gets to take care of tanning. This property would make an excellent vacation rental!

812 Johnson Lane is offered at $769,000. Please stop by and see me or CLICK HERE to view the Key West mls datasheet on this really cute two cottage buying opportunity. Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Key West.

Friday, March 20, 2015

210 Olivia Street , Key West, Florida

The listing agent, not me, describes the newly listed property at 210 Olivia Street in Key West this way:
"Renovation project on a double lot with accessory building, carport and plenty of off street parking. Main house 2/1 with additional 1/1 cottage. Inviting conch cottage with a great front porch and tons of Key West charm. The right buyer could really make this a spectacular home. Room for master bedroom addition and pool. Just a few blocks to Ft. Zachary beach and Duval St."

I poked around in the old shoebox and found a black and white photo of the house that was taken back in 1965. This particular photo shows the simplicity of design that makes these old houses so appealing to us today. To see what I mean compare the black and white photo to the color photo taken today. Granted the color photo was taken around noon when outdoor sunlight was at its worst for taking pictures. But if you look carefully you'll see some "modern" additions to this house that ought not to be there including aluminum windows. Little details like replacement with period-correct windows and a crisp white paint job would make this old home show more prominently.

I searched the Sanborn Fire Maps to see if I could determine when this house was built.
The property was omitted from the 1889 map. The 1912 map definitely places 210 Olivia Street at the corner of what is now Hutchinson Lane. The 1889 and 1899 maps have the same house plus the same cottage in the rear, but the house numbers were different on all three maps. I am confident in stating that 210 Olivia Street existed as early as 1889. 
 210 Olivia Street is located on a large corner lot that runs 66' wide and 70' deep or 4818 sq ft. The existing house and out building total 917 sq ft per the listing Realtor. There is room to expand the house plus room for a pool and garden. A new owner might turn the rear cottage into a guest bed and bath or alternatively make it into a pool house.  The parking space in front of the rear cottage is accessed off Hutchinson Lane. A new owner might brick that space and put a nice picket fence around the property. I t
Olivia Street is a one way street that begins one block to the west and terminates about one mile to the east at Eisenhower Drive in the Meadows Area.The new City of Key West Truman Waterfront Park will be located near this property but Olivia Street will not be a thoroughfare - it is too narrow.
CLICK HERE to view the Key West mls datasheet on this home. You can see some interior photos. Understand that the interior will likely get ripped apart and put back together in any renovation. Please call me, Gary Thomas, 305-766-2642 to schedule a private showing. I am a buyers agent and a full time Realtor at Preferred Properties Key West. 

Thursday, March 19, 2015

1211 Duncan Street, Key West - Bank Owned!

There is a new Bank Owned home located at 1211 Duncan Street in Key West that bargain hunters will surely pounce on.  It has an affordable price tag for our town, just $424,700. It is in basic move-in condition, but it has room for improvement which will make it not only a better house down the road but also a more valuable home for eventual resale.

I dug not too far down into my old shoebox and found a black and white photo of the house taken fifty years ago. I took another from a similar location yesterday. The neighborhood has improved over the years. There are a lot of palm trees and bougainvillea bushes that line this small street that extends east from White Street about five blocks where it eventually ends at George Street. Tennessee Williams lived two blocks to the east at 1431 Duncan Street. It's a nice little area just south of Bayview Park.
1211 Duncan St, Key West in 1965

1431 Duncan St - the former home of author Tennessee Williams
The Monroe County Property Appraiser records show this house was built in 1933 which we all know was in the Great Depression when Key West was kept "alive" thanks to federal programs like the WPA. I guaranty that this house was not built in 1933. I looked at the Sanborn Fire Maps and found what I think is this property on the 1912 map. The house was located immediately east of 1209 Duncan and was only designated as "A" on the map. 1209 Duncan St. still exists today. So I am pretty confidant that 1211 Duncan existed as early as 1912. And it is probable that it existed earlier. The earlier Sanborn maps neglected this area entirely in the 1889 and 1899 maps.
The house has been updated over the years. The Property Appraiser website shows permits were taken out for various upgrades including roof replacement in 1996 and 2001, piers replacement in 2002, and upgrade to electric service also in 2002. The property was 'red tagged' in 2007 for various building code violations. The current layout suggests that a prior owner added some spaces that might have been used as rental units. For example, there is a second 'front' door to what is essentially a large bedroom with large private bath. If you look again at the black and white photo you will see a window to the right of the front door. That window is missing today and there is a second front door in its place. The original front door opens into a center hallway that leads to the rear where the great room where the combined living, dining, and kitchen are located. There are two bedrooms on the left side of the hallway and a bath opposite. There is a ladder that provides access to a 'loft' over the bedroom adjacent to the living area. The door at the back opens onto a small back deck where there is a second 'cottage'.

The back cottage is a 34' X 12' two room building with a 6' X8' bath extension. The building looks it was built within the last twenty or thirty years. There is a 16' X 16' deck which is accessed via the bathroom of all things. This is an unconventional layout. I have added photos below so that readers can see the cottage as it exists.
I think the highest and best use of this property would be to take this property back to a simple cottage with one front door and have just two or three good sized bedrooms with private baths. By taking down the existing wall between the two bedrooms on the left side of the house you could create a larger bedroom and perhaps use some of the space to expand the living area. That would surely be a plus in my opinion. I would ditch ladder to the silly loft space and instead increase the interior height of the bedroom which is now not quite claustrophobic but not good design either. The kitchen has been nicely updated. The black appliances are a bit harsh but will make do until they need replaced.
Take Down This Cottage and Put in a Pool and Garden!
I would take down the rear cottage and silly deck. I would then add a pool and install a nice covered rear deck. Less is often more.  Removing this odd duck cottage is the best thing a new owner could do with this property. There is plenty of room for a good sized pool and expansive deck and gardens. This area abuts the rear concrete block wall of a commercial building on White Street. Someone created a really nice tropical mural on the wall. I can envision a real garden that interacts with the mural. This could be quite an outdoor area if done correctly. CLICK HERE to view all the photos I took of this property.

1211 Duncan Street is offered at $424,700. CLICK HERE to view the Key West mls datasheet. Then please call me, Gary Thomas, 305-766-2642 to show you this property. I am a buyers agent and a full time Realtor at Preferred Properties Key West. Don't miss this buying opportunity!


Tuesday, March 17, 2015

WHAT A BUNCH OF CLOWNS!


This is a true story.

Once upon a time in a year not far ago I represented a buyer that had a contract to purchase a Bank Owned cottage in Old Town Key West. As is the case in most bank owned real estate transactions, the bank hired a closing agent out of the area to "close" the transaction. A closing agent can be a title company or in some instances it may be a law firm. In this particular instance the out of area bank owner engaged a lawyer located far away from Key West to close this transaction.

Some banks tend to be a bit stingy and try to reduce their sales costs by using title companies and attorneys that will agree to charge lower fees in exchange for getting "volume business" for their services. I guess the theory is that a lawyer is a lawyer and a title policy is a title policy and that nothing can go wrong so why not get the cheapest service possible.

My buyer was purchasing a cottage in Old Town Key West. I knew from past experience that we needed a survey just to make sure there were no 'lot line' or other boundary issues.  Back in the old days neighbors pretty much agreed to property boundary or lot lines. In this day of million dollar homes, it is important to make sure that lot lines and related issues are known. Some homes in Old Town have been in the same family for decades. Boundary issues often arise days before closing when a survey on a property that has been in the same family for generations is about to close. This particular property was purchased about ten years ago. I didn't really expect to find any problem. But the survey found a problem.  My buyer hired a local attorney to review the issues, and he was able to resolve the matter and move forward to closing.

The lawyers exchanged comments on the proposed title policy and HUD settlement sheet. My buyer then wired in funds to close the transaction. The lawyer in a far away Florida city received the funds and closed the transaction. A copy of the deed was sent via email to my buyer.

A couple of days later the closing attorney hired by the bank in the far away Florida city sent an email to my buyer's attorney, me, my buyer, and others that read:

"Just noticed a small detail that we are missing. We did not receive the $100,000.00 EMD. [EMD is the earnest money deposit that was wired to another Key West law firm designated by the listing real estate office as the 'escrow agent'] Please advise how we can obtain the deposit so that we can complete funding.
Thank you,"

My buyer typed an immediate response and hit the REPLY TO ALL button on his email. His email read: 

"WHAT A BUNCH OF CLOWNS"

Eight minutes later the closing attorney hired by the bank in the far away Florida city responded:
"Just to advise that the CLOWNS received the wire. We are not fully closed and funded. See below.Thank you"

Within minutes my buyer sent the following:
"THE CLOWNS RECEIVED THE WIRE BUT ARE NOT FULLY FUNDED OR CLOSED. WHAT DOES THAT MEAN? "

The buyer's attorney quickly sent an email stating:
"Typo...."

I contacted the Key West law firm that was holding the $100,000 earnest money deposit. That firm wired the earnest money deposit to the closing lawyer hired by the bank in the far away Florida city. My buyer got title to the Key West cottage. I got a huge chuckle over the "small detail" of the missing $100,000 earnest money deposit. And I roared with delight at my buyer's Clown comment and implied reference to the cut-rate legal service provided by the attorney hired by this particular bank seller. 


Sunday, March 15, 2015

Open House - 812 Johnson Ln, Key West Florida

If you are in Key West and are out and about today after church or after brunch, stop by my Open House at 812 Johnson Lane in Old Town Key West. I have put a GOOGLE MAP just below so that you can find me. The home will be open 12:00 to 2:00 PM.
812 Johnson Lane is actually located three blocks from Duval Street and about one-half block north of Truman Avenue on a single block that begins at Windsor Lane and ends at Packer Street. Most of the cottage style houses on this block date back to the beginning of the twentieth century. Several of the cottages have been renovated including one across the street that merited a Ceramic Star several years ago. This is a quiet little lane near everything, and 812 Johnson Lane is a bright little star on this street.
The front cottage was totally renovated in 2014. All interiors were gutted and replaced. Today there are two new large bedrooms with ample closet space, recessed lighting, crown molding, and new floors. There's a new travertine marble bath and a cute new kitchen complete with new cabinetry, granite counter-tops, and stainless steel appliances. The house is laid out with two bedrooms up front off the main hallway. The open living area is at the rear where beveled glass doors open out to the covered rear porch that overlooks the heated pool that is 5' deep. I mention the depth because size matters to some people.
 
The covered porch looks not only provides shelter from the sun but also provides a comfortable and protected space for poolside dining. You'll be surprised at how much time we Key Westers spend outside - that's a big part of the reason many of left our lives in the frozen north.
There is a second cottage at the far side of the pool. The owner obtained permission to add a bath and laundry to the cottage. There is also an outdoor shower on the back side of the cottage. The lot extends 117 feet from Johnson Lane to the rear property line. That's deep for a property in Old Town. When you look up to the sky you can actually see the sky and sunshine. There are nice trees on the neighboring houses which the neighbors get to take care of. Here, the owner gets to take care of tanning. This property would make an excellent vacation rental!

812 Johnson Lane is offered at $769,000. Please stop by and see me or CLICK HERE to view the Key West mls datasheet on this really cute two cottage buying opportunity. Gary Thomas, 305-766-2642. I am a full time Realtor at Preferred Properties Key West.

Disclaimer

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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