NOT LISTED FOR SALE

526 Frances St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $2,385,915 - $2,450,000

2 Beds
2 Baths
1,480 Sq Ft
$1,638/Sq Ft Est. Value

Last Sold May 24, 2023

Last sale price $2,200,000 $1,486 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $13,984/month

38 Days on Market

About This Home

As of May 2023

The Historic District of Key West is considered to be the utopia of island life, making the Orchid House at 526 Frances Street the creme de creme of stress free living. This Victorian era Queen Anne cottage is nestled in the heart of Old Town on one of the most coveted streets and just walking and or biking distance to the island's premiere restaurants and beaches. The circa 1900 house has been expertly restored and renovated preserving the original detailing while being totally updated for today's standards. Featuring a signature cross-gable roof, Dade County Pine throughout, a heated pool, and one of the most captivating orchid gardens on the island, the spacious two bedroom, two bathroom home is a tropical oasis perfect for entertaining or relaxing. The open concept living space and dining room feature sliding impact doors leading out onto the wraparound deck and custom heated pool. Multiple outdoor lounging spaces covered and uncovered create the perfect setting to enjoy the island life!**A permit is in place for an approved parking space that may convey with the purchase.**The reason the sellers are selling their home so quickly, that they absolutely love, is that one of the sellers has a medical issue that doesn't allow them to live in the tropics any longer.

Last Agent to Sell the Property

Team Kaufelt

Truman & Co. (KW) License #00000 Listed on: 03/07/2023

Last Buyer's Agent

Roger Emmons

Truman & Co. (KW) License #608452

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,470

Year Built

1912

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 2
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Bike Paths, Beach, Fire Hydrant
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 10024.90
  • Title: Negotiable
  • Year Built: 1912
  • Alternate Key Number: 1007455
  • Cooling Heating: Central Air
  • Lot Sq Ft: 4000.00
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Open Porch/Balcony, Deck, Patio
  • License Info: Non Trans Rntl Lic
  • License Info Number Of City License: 1
  • Shutters: Panel
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1480.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Tray Ceilings, Quartz Countertops, Built-in Cabinets, Smoke Alarms, Dade County Pine
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Freezer, Disposal, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Wood
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Double Hung Windows, Impact Rstnce Window, Impact Rstnce Doors, Wood Windows, French Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Rain Gutters, Storage, Shed, Privacy Wall/Fence, Outdoor Shower, Lighting
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Other
  • Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Buyer to Verify, Municipal Sewer
  • Heating: Electric

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00007190-000000
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2023
Closed on
Feb 27, 2023
Sold by
Merriman Gary M
Bought by
Loeffler Robert D and Loeffler Gloria R
Seller's Agent
Team Connect
Coastal Collection Real Estate Inc.
Buyer's Agent
Team Kaufelt
Truman & Co. (KW)
List Price
$2,650,000
Sold Price
$2,650,000
Views
84
Current Estimated Value
$2,424,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$225,021
Avg. Annual Appreciation
-3.35%

Purchase Details

Listed on
Jul 29, 2020
Closed on
Feb 23, 2021
Sold by
Kostka Martyne A
Bought by
Firestone Ralph W and Merriman Gary M
Seller's Agent
Scott Forman
Royal Palms Realty (KW)
Buyer's Agent
Scott Forman
ICAMCO Real Estate Inc. (KW)
List Price
$1,295,000
Sold Price
$1,295,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.80%
Original Mortgage
$1,039,078
Interest Rate
2.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 13, 2007
Sold by
Fenwick Joyce K
Bought by
Kostka Martyne A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,990
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2003
Sold by
Free Adam and Estate Of F William Free
Bought by
Fenwick Joyce K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 1993
Bought by
Kostka Martyne A

Purchase Details

Closed on
Feb 1, 1989
Bought by
Kostka Martyne A

Purchase Details

Closed on
Aug 1, 1985
Bought by
Kostka Martyne A

Purchase Details

Closed on
Apr 1, 1981
Bought by
Kostka Martyne A

Purchase Details

Closed on
Feb 1, 1977
Bought by
Kostka Martyne A
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Loeffler Robert D $2,650,000 --
Firestone Ralph W $1,295,000 Alachua Title
Kostka Martyne A $1,320,000 Chicago Title Of The Fl Keys
Fenwick Joyce K $810,000 --
Kostka Martyne A $216,000 --
Kostka Martyne A $200,000 --
Kostka Martyne A $115,000 --
Kostka Martyne A $80,000 --
Kostka Martyne A $49,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckay Deborah H $1,650,000
Previous Owner Firestone Ralph W $1,039,078
Previous Owner Kostka Martyne A $999,990
Previous Owner Fenwick Joyce K $200,000
Previous Owner Fenwick Joyce K $600,000
Previous Owner Fenwick Joyce K $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2023 05/24/23 Sold $2,200,000 -1.8% $1,486 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
04/11/2023 04/11/23 Price Changed $2,240,000 -4.5% $1,514 / Sq Ft
03/18/2023 03/18/23 Price Changed $2,345,000 -5.3% $1,584 / Sq Ft
03/11/2023 03/11/23 Price Changed $2,475,000 -0.2% $1,672 / Sq Ft
03/11/2023 03/11/23 Price Changed $2,480,000 -6.4% $1,676 / Sq Ft
03/07/2023 03/07/23 For Sale $2,650,000 0.0% $1,791 / Sq Ft
02/27/2023 02/27/23 Sold $2,650,000 0.0% $1,791 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
02/03/2023 02/03/23 For Sale $2,650,000 +104.6% $1,791 / Sq Ft
02/25/2021 02/25/21 Sold $1,295,000 0.0% $875 / Sq Ft
07/29/2020 07/29/20 For Sale $1,295,000 -- $875 / Sq Ft
Source: Key West Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,470 $2,193,332 $1,419,840 $773,492
2023 $10,470 $1,237,674 $0 $0
2022 $10,025 $1,201,626 $0 $0
2021 $10,392 $1,137,890 $682,080 $455,810
2020 $5,698 $644,505 $0 $0
2019 $5,615 $630,015 $0 $0
2018 $5,614 $618,268 $0 $0
2017 $5,468 $592,243 $0 $0
2016 $5,645 $580,062 $0 $0
2015 $5,755 $576,030 $0 $0
2014 $5,929 $571,458 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Team Kaufelt

    Seller's Agent in 2023

    Team Kaufelt

    Truman & Co. (KW)

    (305) 393-1267

    95 in this area

    197 Total Sales

    Team Kaufelt
    Section Image

  • T

    Seller's Agent in 2023

    Team Connect

    Coastal Collection Real Estate Inc.

    12 in this area

    66 Total Sales

    Team Connect
    Section Image
  • Roger Emmons

    Buyer's Agent in 2023

    Roger Emmons

    Truman & Co. (KW)

    (305) 304-7446

    25 in this area

    85 Total Sales

    Roger Emmons
    Section Image

  • L

    Buyer Co-Listing Agent in 2023

    Loren Rea

    Truman & Co. (KW)

    (305) 360-6969

    6 in this area

    21 Total Sales

    Loren Rea
    Section Image
  • Scott Forman

    Seller's Agent in 2021

    Scott Forman

    Royal Palms Realty (KW)

    (305) 923-9884

    27 in this area

    63 Total Sales

    Scott Forman
    Section Image

  • S

    Seller Co-Listing Agent in 2021

    Sara Hallett

    eXp Realty LLC

    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 604458

Key West Association of REALTORS®

APN: 00007190-000000

Florida Monroe County Key West 33040 Old Town

526 Frances St, Key West, FL

This home is located at 526 Frances St, Key West, FL 33040 since 07 March 2023 and is currently estimated at $2,424,979, approximately $1,638 per square foot. This property was built in 1912. 526 Frances St is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and May Sands Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Key West Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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