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518 william street: Bank Owned - Heart of Old Town - Key West - 02/26/09 10:18 AM
I wrote about 518 William Street twice last year and urged potential buyers to look at this very well located house when it was offered as a SHORT SALE at the asking price of $875,000. Guess what: it did not sell. The then listing Realtor did tell me that the lender received a couple of low ball offers in the $300,000 range. Guess what again: it is now BANK OWNED and the new asking price is only $399,900 or $231 per sq ft. This is how the Listing Realtor describes 518 William Street: "Old Seafaring Neighborhood located just blocks from the … (0 comments)

518 william street: 518 William Street - Old Town - KeyWest - Short Sale - 11/21/08 01:34 PM
The house at 518 William Street is offered as a Short Sale at the asking price of $875,000 which amounts to about $515 per sq ft. The listing agent (not me) shows the square footage as 1700 s.f. The County Appraiser's Office shows the square footage as 1485. An actual survey or appraisal should provide a better statement as to the true size of the house. I mention this because errors in the size of a building can lead to errors in valuing it, even in a down market. The house sits on a 2132 sq ft lot (20' frontage X … (0 comments)

518 william street: 518 William Street Old Town Key West - 05/12/08 10:40 AM
So many people want to buy a cute little house on a great block in the heart of Old Town. But when the chance arises, most shy away. Right now many fear that we have not seen the bottom of the market so they think they will wait it out to see what happens. Some would-be buyers are "bottom feeders" and are looking for the absolute rock bottom price. I can't fault them for that. But absolute rock bottom prices usually occur on bad properties or properties with a crappy location or all of the above. The house at 518 William … (4 comments)

 
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Gary Thomas

Key West, FL

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Preferred Properties Coastal Realty, Inc.

Address: 520 Southard Street, Key West, Fl, 33040

Office Phone: (305) 294-3040 x 118

Cell Phone: (305) 766-2642

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