14, 15 Crystal Gade, St. Thomas,

$1,445,000
Property Type: Residential Bedrooms: 26 Baths: 23 Square Footage: 15,583 Lot Size (sq. ft.): 26,136 Status: Closed
Current Price: $1,445,000 List Date: 3/10/2021 Last Modified: 8/12/2021

Description

Smith's Fancy is an historic, iconic property in the town of Charlotte Amalie but in a bucolic setting with meandering pathways graced by towering mahogany and mango trees. During 1948-1962 it was one of the first guest houses on St. Thomas attracting fashion and design guests seeking respite from cold northern winters. Thereafter it became the long term apartment choice for those seeking a convenient in town location and walk to work and restaurants . Today there are 20 apartments in 6 buiuldings on 3 parcels of land totaling .60 acres. The town and harbor views are legendary along with the red roof tops and twinkling lights of town. The rent roll and almost nil vacancy rates are impressive. And Smith's Fancy has just undergone a major facelift in 2019 and early 2020 including

Supplements: new roofing, guttering, electrical and plumbing repairs, some interior upgrades and now they are just completing the exterior painting of all buildings. SEE CAPITAL IMPROVEMENTS LIST in documents This property is in the Opportunity Zone which offers some very attractive tax benefits. Click on document link for more information. Monthly Rent roll for 20 apartments in 6 buildings totaling 14,583 sf is $18,400. 100% occupancy with a waiting list!

More Information MLS# 20-816

Location/Area

Plot/Unit Number: 14, 15 Island: St. Thomas Estate: Crystal Gade Postal Code: 00802 Quarter: Queens Geo Lat: 18.342789 Geo Lon: -64.932931 Directions: Main Street to Reform Church Street go straight , stay to left of Community Center head straight up hill which is Long Path follow to the end and park. This is the upper entrance to the property. Or follow Crystal Gade to the Synagogue and right beside it you will see a locked gate marked Smith's Fancy. It will be unlocked if you have an appointment.

Contract Information

Sold Price: $1,445,000 Current Price: $1,445,000 Begin Date: 2020-05-06 Unfinished Structure: No

General Property Description

Realtor.COM Type: Multi-Family Lot Acres: 0.6 Approx. Sq Ft: 14583 Approx Total Property SqFt: 15583 SqFt - GLA Main House: 14583 Total Bedrooms: 26 Number of Bedrooms - Main House: 26 Total Bathrooms: 23 Sub Type: 5+ Multi Units Taxes: 10037.4 Tax Year: 2019 Year Built: 1948 Furnished: Appliances Only Water Front: No Pool: No Zoning: R-3 Stamp Tax: 50-50 Split

Status Change Info

Status: Closed Under Contract Date: 2021-04-12 Sold Date: 2021-08-12 Sold Price: $1,445,000 Intended Use: Other

Miscellaneous

General Condition: Good PWD#: D9-3847-T87 Remodeled: 2020

Amenities

Other Amenity: multiple patios

Exterior

Color: varied Gallery: several Landscape: Mature Off Street Parking: Yes Storm Shutters: Wood

Appliance

Air Conditioning: Other Dryer: 2 Fans: 5 Range: Electric Refrigerator: Yes Washer: 2

Main House

Approx Interior SqFt - Main House: 14583 Approx Exterior SqFt - Main House: 1000

Unit Info

Individual Meters: wapa and water

Listing Info

Sign: Yes

Property Features

View: Harbor; Hillside; Neighborhood; Sea; South Amenities: Patio; Work Shop Flooring: Terrazzo; Tile; Wood Construction: Masonry; Mixed; Stone Roof: Fluid Applied; Pre-Fin Metal Fencing: Chain Link Water Source: Cistern Cistern: Common Road: Paved Terrain: Hillside Security: Gate; Grillwork

Documents

Listing Office: Calypso Realty PC
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.
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