20-816

$1,595,000
14, 15 Crystal Gade, 14, 15
St. Thomas,
MLS# 20-816
Status: Closed
26 beds  |  23 baths  |  15583 sqft
Welcome to Smith's Fancy, a country setting in the city!
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Welcome to Smith's Fancy, a country setting in the city! Gingerbread trrim and red galvanized roofs and eyebrow windows is iconic West Indian architecture Smith's Fancy has mandering pathways throughout the property 2 small 1 bedroom apartments up and a huge 1 bedroom down in this building wow vistas of town and harbor from Smith's Fancy views Common patio for tenants Signage and stairs to units multi levels Exterior of one of the 6 buildings beautiful views from most tenant's apartments stairs to one of the apartments views Good off street parking for about 5 cars Parking and building one walkway to building one Exterior of buildings with gingerbread trim Gallery view from one apartment stone and concrete building Graceful entrance with large trees and tropical foliage walkway to upper unit of buidling Most apartments have great harbor views! Custom Mahogany gate onto Crystal Gade provides foot access to town in minutes Crystal Gade looking down hill. Shopping and work just a minute away Crystal Gade looking up the hill Gallery views from apartment Views, views, views!!! One of the newly painted buildings walkways connecting buildings Large one bedroom apartment in stand alone building Large one bedroom free standing apartment Lovely stonework and new paint pastel colors and gingerbread trim Renovation now complete Apartment 3 has two bedrooms, 2 baths town and harbor views are everywhere at Smiths Fancy walkways between buildings newly redone roofs and new gutters Lovely rooflines and views of town and harbor Town and Harbor views from most every apartment Lushly landscaped its' country living in the city roof top views from Crystal Gade building Loads of common area space lovely hillside views looking east Views southeast Gingerbread trim gives you the sense of place Views of the azure Caribbean Sea from every vantage point Walkways throughout the property Building 3 is one apartment which was the B&B's bar back in the 50's Lovely historic stonework in building 3 West Indian design features are everywhere at Smith's Fancy

Property 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

Details
Documents
LocationArea
Estate: Crystal Gade
Postal Code: 00802
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
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!

Listing Office: Calypso Realty PC

Information deemed reliable but not guaranteed.

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