526 Frances St Key West, FL 33040
Old Town Neighborhood
2
Beds
2
Baths
1,480
Sq Ft
3,920
Sq Ft Lot
About This Home
As of May 2023Enjoy quintessential Old Town Key West charm at this beautifully updated two (2) bedroom, two (2) bathroom Conch style home on highly-coveted Frances Street. Commonly known as ''The Orchid House,'' this stunning landmark property is often photographed by locals, tourists, and artists. Upon entry through the white picket fence gate, the front yard is adorned with abundant orchids and palm trees, leading the way up the brick walkway to the front porch with ample seating. Inside the front door is a bright, airy space, with vaulted ceilings and Dade County Pine throughout. Two spacious bedrooms with ensuite bathrooms. The Primary bedroom contains brand new wide plank hickory flooring and a brand new remodeled ensuite bathroom with marble shower and floors, a custom-made mirror and new light fixtures. Overlooking the main living and dining area, the kitchen has been updated with brand new appliances.Surrounded by recently added lush, tropical landscaping, the backyard contains a spacious and resurfaced heated pool, with brand new heating equipment. A brand new outdoor shower, with Bamboo walls, a wraparound deck with outdoor seating and dining area.The City of Key West has approved a curb cut or a parking place on the left side of the property. Current owners enjoy the garden, but up to you if you choose to have a dedicated parking or not.Additional recent improvements include new Kitchen Aid appliances, new chandeliers, and new ceiling fans. The entire exterior of the house has also been recently painted.
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
0
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
Map
Home Details
Home Type
Single Family
Est. Annual Taxes
$10,470
Year Built
1933
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: 6
- 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
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Sale Terms: Cash
- Side: Median
- State Province: FL
- Taxes: 10024.90
- Title: Title Ins - Buyer
- Year Built: 1933
- Alternate Key Number: 1007455
- Building Style: Conch
- Cooling Heating: Central Air, Ceiling Fans(s)
- Lot Sq Ft: 4000.00
- Pool Info: In Ground
- Porch Balcony: Open Porch/Balcony, Patio
- License Info: Non Trans Rntl Lic
- Shutters: Other
- Tax Exemptions: Homestead
- Building Style Above Flood: Unknown
- Estimated Living Sq Ft: 1480.00
- Financial Status Standard Sale: Yes
- Property Condition: Updated/Remodeled
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
Interior Features
- Interior Amenities: Dade County Pine
- Total Bathrooms: 2.00
- Full Bathrooms: 2
- Appliances: Dishwasher, Microwave, Oven, Refrigerator
- Floor: Wood
- Specialty Rooms: Laundry Room
- Windows/Doors: Sliding Glass Doors, Impact Rstnce Window, Other Windows/Doors, Wood Windows
- Total Bedrooms: 2
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: Yes
Utilities
- Utilities: Buyer to Verify
- Heating: Hot Water
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00007190-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.09
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Unfurnished
Tax Info
- Tax Year: 2022
Create a Home Valuation Report for This Property
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Similar Homes in Key West, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,650,000 | -- | |
| Warranty Deed | $1,295,000 | Alachua Title | |
| Warranty Deed | $1,320,000 | Chicago Title Of The Fl Keys | |
| Warranty Deed | $810,000 | -- | |
| Warranty Deed | $216,000 | -- | |
| Warranty Deed | $200,000 | -- | |
| Warranty Deed | $115,000 | -- | |
| Warranty Deed | $80,000 | -- | |
| Deed | $49,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,650,000 | New Conventional | |
| Previous Owner | $1,039,078 | Seller Take Back | |
| Previous Owner | $999,990 | Purchase Money Mortgage | |
| Previous Owner | $200,000 | Credit Line Revolving | |
| Previous Owner | $600,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $300,000 | Purchase Money Mortgage |
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
| 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
Source: Key West Association of REALTORS®
MLS Number: 604061
APN: 00007190-000000
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