526 Frances St Key West, FL 33040
Old Town NeighborhoodEstimated Value: $2,448,000 - $2,539,000
2
Beds
2
Baths
1,480
Sq Ft
$1,689/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.
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
Total Days on Market
38
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
-$149,717
Avg. Annual Appreciation
-5.73%
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
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
Similar Homes in Key West, FL
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
98 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
93 Total Sales
-
Loren Rea
L
Buyer Co-Listing Agent in 2023
Loren Rea
Truman & Co. (KW)
(305) 360-6969
6 in this area
19 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
59 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 604458
APN: 00007190-000000
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.
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.
Nearby Homes
- 531 Frances St
- 1020 Southard St
- 11 Lowes Ln
- 1014 Southard St
- 1109 Stump Ln
- 608 Roberts Ln
- 1113 Stump Ln
- 506 Frances St
- 1022 Fleming St
- 1120 Stump Ln
- 1020 Fleming St
- 530 Grinnell St
- 524 White St
- 1017 Angela St
- 608 Grinnell St
- 508 Grinnell St
- 506 Grinnell St
- 1115 Fleming St
- 610 Griffin Ln
- 1116 Elgin Ln
- 526 Frances St
- 1023 Southard St
- 1029 Southard St
- 1023 Southard St
- 1017 Southard St
- 518 Frances St
- 535 Frances St
- 600 Frances St
- 1101 Southard St
- 9 Nassau Ln
- 525 Frances St
- 1024 Southard St
- 10 Nassau Ln
- 514 Frances St
- 1107 Southard St
- 604 Frances St
- 10 Lowe Ln
- 10 Long Beach Dr
- 1013 Southard St
- 519 Frances St