Admin

11280 6th Avenue Gulf Marathon Florida 33050 Home Inspection Report

By
Real Estate Agent with Ocean Sotheby's International Realty BK#3083172

Is this a GEM? you decide. I stumbled across this " Bank Owned " property doing searches for a client and when contacting the institution they told me that they wanted 2.6 Million for it (Firm). Understanding current market conditions " Pre and Post Hurricane Irma HELLO " I decided that a little digging was necessary. Here is the quick and dirty on only some of what I found out in 3 days and one inspection report. Cut and paste link for complete details.

https://www.dropbox.com/s/0q3ycte65nyuk7o/11280%206th%20Avenue%20Gulf%20Inspection%20Report.pdf?dl=0

1. Monroe County only reconizes this property as a 4 Bedroom 4 Bathroom and the City of Marathon has no record of any permits being pulled. A big problem if your investors looking for a vacation rental and the City says you can't ulitize those extra bedrooms for rental income. Inaddation when it was last rented through the City it was only rented as a 3 Bedroom 3 Bath, I was told???

2. MLS #567040 right around the corner, an amazing property, and totally re-done, sold in March of 2016 for 2.6 Million, worth looking up when compairing price, age, and condition and location.

3. When speaking to individuals caring for the property after hurricane Irma, there was further extensive damage to the property etc. that no one really wanted to talk about?

11280 6th Avenue Gulf

Deal or Dud ?

 

 

Comments(2)

Show All Comments Sort:
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Guy, looks like some digging is required, and sure sounds like some disclosure is required.  Best of luck.

Dec 06, 2017 06:04 PM
Guy Moreau

HI Joan, ya that's what we do right :) Happy New Year!

Jan 16, 2018 05:26 PM
Guy Moreau
Ocean Sotheby's International Realty - Marathon, FL
Florida Keys Real Estate - Duck Key, Key Colony Be

Thanks for your input Joan but as you know the Banks these days refuse to provide us all with any type of disclosure even if they do have prior knowledge due to their new policies. Have a Merry Christmas an Safe New Years!

Dec 07, 2017 07:35 AM