526 Frances St Key West, FL 33040
Old Town NeighborhoodEstimated Value: $2,454,000 - $2,609,368
2
Beds
2
Baths
1,480
Sq Ft
$1,707/Sq Ft
Est. Value
About This Home
As of May 2023The 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.
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$123,908
Avg. Annual Appreciation
-2.49%
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
Similar Homes in Key West, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
97 in this area
201 Total Sales
-
Team Connect
T
Seller's Agent in 2023
Team Connect
Coastal Collection Real Estate Inc.
12 in this area
66 Total Sales
-
Roger Emmons
Buyer's Agent in 2023
Roger Emmons
Truman & Co. (KW)
(305) 304-7446
27 in this area
91 Total Sales
-
Loren Rea
L
Buyer Co-Listing Agent in 2023
Loren Rea
Truman & Co. (KW)
(305) 360-6969
6 in this area
20 Total Sales
-
Scott Forman
Seller's Agent in 2021
Scott Forman
Royal Palms Realty (KW)
(305) 923-9884
27 in this area
65 Total Sales
-
S
Seller Co-Listing Agent in 2021
Sara Hallett
eXp Realty LLC
(305) 434-5389
18 in this area
62 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 604458
APN: 00007190-000000
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