NOT LISTED FOR SALE

Estimated Value: $1,160,000 - $1,573,980

4 Beds
3 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold December 27, 2019

Last sale price $693,000

Est. 100% increase in value since last sale

Current estimated payment $8,504/month

193 Days on Market

Highlights

  • Furnished
  • Concrete Block With Brick
  • Central Heating and Cooling System
  • R.B. Hunt Elementary School Rated A
  • Property is near shops
  • Ceiling Fan

About This Home

As of December 2019

Beachside properties aren’t easy to come by, and now those with vacation rental licenses are virtually impossible to find. This fully licensed duplex is concrete block construction and sits on a LOT and A HALF. Fully-furnished, each side with two bedrooms, garage, screened patio and rooftop ocean deck. Think of the possibilities here: homestead on unit, rent out the other! Roots and wings. These sellers enjoy using it more than renting it, but they've recently signed with a Vacasa to increase bookings. Known for it’s cheerful exterior, this townhouse-style duplex is located just four doors from the sand and on an oversized 75’ x 93’ lot. It's solid, concrete block/frame structure has updated Hardy board siding, newer windows & roof, and comes fully furnished. Impeccably maintained yard with ample space for a pool. Prior to June 2019, this property was rented through VRBO with 2018’s gross rentals at $48,800. With a little polishing, opportunity abounds here - this investment property is poised to maximize the area’s high demand for long-term rentals, vacation rentals and oceanside residences. Transferrable Vacation Rental License.

Last Agent to Sell the Property

Danielle Gustafson

One Sotheby's Int (A1A Beach) Listed on: 06/07/2019

One Sotheby's Int (A1A Beach)

Co-Listed By

Kate Mitchell

One Sotheby's Int (A1A Beach)

Last Buyer's Agent

Gloria Worley

Century 21 St Augustine Properties

Century 21 St Augustine Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,691

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 75 x 93
  • Rectangular Lot

Home Design

  • Concrete Block With Brick
  • Frame Construction

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Window Treatments

Kitchen

  • Range
  • Dishwasher

Parking

  • Garage
  • Private Parking

Location

  • Property is near shops

Utilities

  • Central Heating and Cooling System
  • Septic System
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 170230-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,691

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Additional Marketing: Yes
  • Class: Multifamily
  • Construction: Concrete Block, Frame
  • Extras: Cable Available, Ceiling Fan, Dishwasher, Furnished, Garage, Parking, Range, Refrigerator, Shopping Near, Window Treatments
  • Heat: Central, Electric
  • Legal Description: 3-30 Coquina Gables W 1/2 Lot 10 and all Lot 12 BLK 35 OR 405/19 OR 1934/1268
  • Location: Ocean View
  • Lvt Date: 06/08/2019
  • Type Of Property: Duplex
  • Waste: Septic
  • Year Built: 1972
  • Addnl Marketing Remarks: These sellers enjoy using it more than renting it, but they've recently signed with a Vacasa to increase bookings. Known for it’s cheerful exterior, this townhouse-style duplex is located just four doors from the sand and on an oversized 75’ x 93’ lot. It's solid, concrete block/frame structure has updated Hardy board siding, newer windows & roof, and comes fully furnished. Impeccably maintained yard with ample space for a pool. Prior to June 2019, this property was rented through VRBO with 2018’s gross rentals at $48,800. With a little polishing, opportunity abounds here - this investment property is poised to maximize the area’s high demand for long-term rentals, vacation rentals and oceanside residences. Transferrable Vacation Rental License.
  • Marketing For Public Vw: Beachside properties aren’t easy to come by, and now those with vacation rental licenses are virtually impossible to find. This fully licensed duplex is concrete block construction and sits on a LOT and A HALF. Fully-furnished, each side with two bedrooms, garage, screened patio and rooftop ocean deck. Think of the possibilities here: homestead on unit, rent out the other! Roots and wings.
  • Subdivision Condo: Coquina Gables Sub
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Air Conditioner: Central, Electric
  • Water: County
  • Utilities Included: Electric, Maintenance, Trash, Water

Lot Info

  • Lot Size: 75 x 93
  • Lot Type: Regular
  • Zoning: MDRES
  • Geo Subdivision: FL

Tax Info

  • Assessor Parcel Number: 170230-0000
  • Taxes: 7691
  • Tax Year: 2017

Multi Family

  • Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2019
Closed on
Dec 27, 2019
Sold by
Schaffer David and Schaffer Kathleen
Bought by
Mehrtens Kelly L
Seller's Agent
Danielle Gustafson
One Sotheby's Int (A1A Beach)
Buyer's Agent
Gloria Worley
Century 21 St Augustine Properties
List Price
$775,000
Sold Price
$693,000
Premium/Discount to List
-$82,000
-10.58%
Current Estimated Value
$1,385,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$692,745
Avg. Annual Appreciation
12.24%
Original Mortgage
$519,750
Outstanding Balance
$465,791
Interest Rate
4.37%
Mortgage Type
New Conventional
Estimated Equity
$919,954

Purchase Details

Closed on
Apr 16, 2003
Sold by
Wilbur Donald V and Wilbur Eleanor M
Bought by
Schaffer David and Schaffer Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,700
Interest Rate
5.62%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mehrtens Kelly L $693,000 Island Ttl Of St Augustine L
Schaffer David $273,000 Estate Title & Guaranty Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mehrtens Kelly L $519,750
Previous Owner Schaffer David $204,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2019 12/27/19 Sold $693,000 -4.4% --
12/17/2019 12/17/19 Pending -- -- --
10/04/2019 10/04/19 Price Changed $725,000 -4.5% --
07/25/2019 07/25/19 Price Changed $759,000 -2.1% --
06/07/2019 06/07/19 For Sale $775,000 -- --
Source: St. Augustine and St. Johns County Board 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
2025 $14,930 $947,006 -- --
2024 $14,930 $1,142,922 $801,000 $341,922
2023 $14,930 $1,151,803 $801,000 $350,803
2022 $12,879 $1,009,060 $732,648 $276,412
2021 $10,458 $646,818 $0 $0
2020 $9,758 $597,784 $0 $0
2019 $8,966 $608,413 $0 $0
2018 $8,081 $527,695 $0 $0
2017 $7,691 $500,924 $420,525 $80,399
2016 $7,066 $401,056 $0 $0
2015 $6,269 $348,636 $0 $0
2014 $5,536 $302,774 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: St. Augustine and St. Johns County Board of REALTORS®

MLS Number: 187889

St. Augustine and St. Johns County Board of REALTORS®

APN: 170230-0000