The asking price was reduced $100,000 on
617 Frances Street, Key West.
I had the opportunity to see this Old Town home just before it was listed and
want to share some photos and thoughts with my readers - especially
those looking for a fixer-upper.
I
love how much the houses of Old Town have changed so little over the
years. I found the above photo of 617 Frances St in my old shoe box.
Take a look. When I found the photo I presumed the owner at that time
had replaced original wood columns and balusters with wrought iron. That
was a common practice across Mid-Century America. Chain link fences
were equally popular and required less maintenance than painted white
picket fences.
I
then searched the Historic Sanborn Fire Maps to see if I could
determine when the house was built. The lot where 617 Frances Street sat
vacant up to and after the 1912 Map. I went to the Monroe County
Property Appraiser website which shows the property to the rear at 618
Ashe Street had a house on that lot. I compared the Sanborn Map to
current Property Appraiser Map which shows 617 Frances and 618 Ashe
perfectly aligned. There was a small cottage sitting mid distance at
what would become 617 Frances. I am confident that the current house did
not exist as of 1912. I decided 615 Frances must have been split to
create the new 617 Frances Street after the 1912 Map. A small building
sat at the rear which I believe was incorporated into the building which
is now 617 Frances. The Property Appraiser records show the house as
having been built in 1933 which we know is not correct as that was
during the Great Depression which slammed Key West. This suggest the
house was built after 1912 and before the WPA reconstructed the property
records. My guess.
The
house sits on a 3,060 sq ft lot (34' X 90') on one of the best blocks
in Old Town. Most but not all of the houses on this block have been
extensively renovated. 614 Frances Street was totally renovated when it
sold in 2016 for $1,825,000. 620 Frances St sold in 2018 for
$1,825,000. The house to the rear and immediately south of at 620 Ashe
Street sold at $1,900,000 in 2019. I mention these sales as they
indicate the price trend for renovated homes in this immediate area.
617
Frances Street is a place of possibilities. It is a true renovation
project. I walked the entire lot and all around the inside of the house.
The exterior needs work. The interior has been pretty much gutted so
that a potential buyer can see what exists and what does not. Don't let the interior or exterior condition intimidate you. Most interior walls will be removed and re-situated to meet modern day needs. The exteriors will be scraped, sanded, and repainted. The decks will be removed and replaced and maybe a pool will be added.
There
are five foot side yards on the north and south sides of the house. There is a small shed at the rear which abuts the property line. Existing set backs are grandfathered. Some people expand these sheds to create pool cabanas.
The
long narrow building at the rear may have been the "Dwelling" unit
sited on the 1912 Map. The French doors painted black and the elevated
wood deck were probably added in the 1970's or 1980's. They were not
used in Key West houses before then. The windows in the front part of
the house appear to be original. They have the old fashioned rope
sashes.
This
is one and one-half story vernacular house found in many parts of Old
Town and The Meadows area. The Property Appraiser says the house has
1,300 sq ft of living space. You enter into a hallway that passes an
original parlor which has been opened and pass by what is now the
kitchen. A door at the end of the hall opens into what I presume may
have been the original Dwelling. It is long an narrow and has a high
pitched roof that has been partially exposed at the entry. I can
envision this room being made into an open living area with kitchen and
dinging space included. I am familiar with another house on Grinnell
Street that had this same size room and in just about the same condition
that became a truly wonderful living space. I think the current deck
could be replaced by a pool and that the rear cottage could become the
laundry and storage room. Don't see what exists. Imagine what you could
create. I think the parlor and kitchen could become first floor master
bedroom and bath room.
CLICK HERE to see all the photos I took.
The
original chain link fence still wraps the entire lot including the
front white picket fence which is attached to the chain link. I think
there is adequate ground to comply with pool setback requirements.
There
are two bedrooms on the second floor which share the only bathroom in
the house.T here used to be a bathroom on the first floor but the current
owner removed it.
This is a wonderful block in Old Town with appreciating prices on restored homes. I blogged about the newly renovated house across the street at 614 Frances. It quickly sold at $,1,825,000. I found photos I took from the porches of 617 and 614 Frances looking opposite.They contrast potential with perfection.
CLICK HERE to view the Key West MLS datasheet on
617 Frances Street,
Key West now offered for sale at
$895.000. Then please call me,
Gary Thomas,
305-766-2642, to schedule a private showing. I am buyers agent and a full time Realtor at
Preferred Properties Key West.