NOT LISTED FOR SALE

1012 N Dr Martin Luther King jr Dr Pensacola, FL 32501

Estimated Value: $327,000 - $395,000

3 Beds
2 Baths
1,379 Sq Ft
$255/Sq Ft Est. Value

Last Sold September 24, 2018

Last sale price $47,800 $35 Per Sq Ft

Est. 634% increase in value since last sale

Current estimated payment $2,090/month

10 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Fireplace
  • Pensacola High School Rated A-
  • No HOA
  • Porch

About This Home

As of September 2018

You will find lots of potential in this 3/2 home located in the historical district of Pensacola dating back to 1918. This old home requires some rehab but has tremendous potential for someone with a passion for preservation. Close proximity to all necessities and attractions. Just 8 miles from our beautiful Pensacola white sandy beaches, 8 minutes from the Blue Wahoos stadium, and in walking distance to all of Downtowns festivities, food, parades, gallery night and streets filled of live music. When you say LOCATION! LOCATION! This is it! This home has a large covered front porch, perfect for sitting and watching the neighbors go by or staying dry as you wait for that Pensacola rain shower to pass. The wall to wall carpets have been recently removed revealing some wood flooring ready for restoration. Two of the rooms feature gas fireplaces which are original to the home. All windows are fairly new. On and off street parking provides ample space for you and your guests. Property parking is gated along side the house with possibility of space for a boat or trailer. This is an investors or rehabbers dream. Owner has not lived in property for long and makes no warranties as to condition. All information, acreage, measurements are taken from public records: Buyer/Buyers agent to verify information to satisfaction

Last Agent to Sell the Property

Theresa Zaremba

KELLER WILLIAMS REALTY GULF COAST Listed on: 09/01/2018

KELLER WILLIAMS REALTY GULF COAST

Last Buyer's Agent

Theresa Zaremba

KELLER WILLIAMS REALTY GULF COAST Listed on: 09/01/2018

KELLER WILLIAMS REALTY GULF COAST

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,029

Year Built

  • Built in 1918

Lot Details

  • 5,663 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Colonial Architecture
  • Cottage
  • Gable Roof Shape
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,379 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Combination Kitchen and Dining Room
  • Attic Ventilator
  • Storm Windows

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Side or Rear Entrance to Parking
  • Driveway
  • On-Street Parking

Outdoor Features

  • Porch

Schools

  • Global Learning Academy Elementary School
  • Workman Middle School
  • Pensacola High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • East King Tract Subdivision

Listing and Financial Details

  • Assessor Parcel Number 000S009020005034000S00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,029

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Stories: 1
  • Parcel Number: 000S009020005034000S00
  • Property Type: Residential
  • Year Built: 1918
  • Electric: Circuit Breakers
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.13
  • Subdivision Name: East King Tract
  • Directions: 1000 Block on MLK- House is light blue
  • Architectural Style: Colonial, Cottage
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Power Attic Vent
  • Property Attached Yn: No
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Two or More
  • Fireplace: Yes
  • Flooring: Hardwood, Vinyl
  • Living Area: 1379
  • Window Features: Storm Window(s)
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Kitchen/Dining Combo
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Kitchen Features: Not Updated

Exterior Features

  • Roof: Composition, Gable
  • Fencing: Back Yard, Full
  • Lot Features: Central Access
  • Pool Features: None
  • Construction Type: Frame
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Porch
  • Property Condition: Resale

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway, Side Entrance, On Street

Utilities

  • Heating: Natural Gas
  • Cooling: Wall/Window Unit(s)
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Global Learning Academy
  • High School: Pensacola
  • Middle Or Junior School: Workman

Lot Info

  • Lot Size Sq Ft: 5662.8
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2020
Sold by
Cws Colutions Llc
Bought by
Smith Adrian O
Current Estimated Value
$351,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Outstanding Balance
$190,845
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$160,199

Purchase Details

Listed on
Sep 1, 2018
Closed on
Sep 24, 2018
Sold by
Bohner Phyllis and Bohner Angela
Bought by
Cws Solutions Llc
Seller's Agent
Theresa Zaremba
KELLER WILLIAMS REALTY GULF COAST
Buyer's Agent
Theresa Zaremba
KELLER WILLIAMS REALTY GULF COAST
List Price
$54,000
Sold Price
$47,800
Premium/Discount to List
-$6,200
-11.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.42%

Purchase Details

Closed on
Mar 15, 2018
Sold by
Lovings Andrew L and Lovings Carolyn D
Bought by
Bohner Phyllis and Bohner Angela
Source: Public Records

Range of Values:

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Average Value
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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
Smith Adrian O $240,000 Knight Barry Title Sln Inc
Cws Solutions Llc $47,800 Surety Land Title Of Florida
Bohner Phyllis $40,000 Partnership Title Co Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Adrian O $216,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2018 09/24/18 Sold $47,800 -11.5% $35 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
08/31/2018 08/31/18 For Sale $54,000 -- $39 / Sq Ft
Source: Pensacola 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 $3,029 $251,696 $50,625 $201,071
2023 $3,029 $218,699 $33,750 $184,949
2022 $3,013 $193,811 $33,750 $160,061
2021 $2,671 $150,105 $0 $0
2020 $1,415 $106,677 $0 $0
2019 $1,072 $59,014 $0 $0
2018 $49 $22,303 $0 $0
2017 $49 $21,845 $0 $0
2016 $49 $21,396 $0 $0
2015 $49 $21,248 $0 $0
2014 $47 $21,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 541855

Pensacola Association of REALTORS®

APN: 00-0S-00-9020-005-034