$81,000
SOLD APR 28, 2023
2 Beds
1.5 Baths
1,056 Sq Ft
436 Sq Ft Lot

Recently Sold

$77 Per Sq Ft

36 Days on Market

About This Home

As of October 2024

Easy going, happy place. That's how residents describe TEAKWOOD VILLAS. Whether you are looking to live in or rent, this is an EXCELLENT investment opportunity in a safe community that is bringing this 1970s treasure back to her glory days one unit at a time. NEW ROOF, NEW APPLIANCES, FREE 4-PT INSPECTION. Most Teakwood Villas are either owner occupied and/or undergoing renovations, including units #1-5 (already sold), which will be completed June 30th. Once that project finishes, property values are expected to rise with conventional and FHA loans opening up for potential buyers. Unit 31 is ready to occupy or rent for $1100+. This is cash, as is + seller closing costs but well worth it at only $81k. COME SEE IN PERSON! HOA fees $425. ROOF LEAK/NEW ROOF TO BE COMPLETED PRIOR TO INSPECTION. INSPECTION.

Last Agent to Sell the Property

TRACY COLLINS

WATSON REALTY CORP License #3460115 Listed on: 03/12/2023

WATSON REALTY CORP

Last Buyer's Agent

TRACY COLLINS

WATSON REALTY CORP License #3460115

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,222

Year Built

  • Built in 1970

Parking

  • Assigned Parking

Home Design

  • Brick or Stone Veneer
  • Wood Frame Construction

Interior Spaces

  • 1,056 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Arlington Elementary School
  • Terry Parker High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • 33 Units
  • Teakwood Villas Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1411380162

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,222

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Year Built: 1970
  • Road Surface Type: Asphalt
  • Subdivision Name: Teakwood Villas
  • General Property Information Living Area2: 1056.0
  • General Property Information Waterfront YN: No
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Security Features Smoke Detector(s): Yes
  • General Property Information Stories Total: 2
  • General Property Information Number Of Units Total2: 33.0
  • General Property Information:Pool Private YN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Major Appliances: Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1056.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Waterfront: No
  • Pool Features: None
  • Construction Type: Brick Veneer, Frame
  • Construction Materials:Brick Veneer: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned
  • Parking Features:Assigned: Yes

Utilities

  • Utilities: Separate Electric Meters
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association #2 Fee: 425.0

Association/Amenities

  • General Property Information:Association Fee 2: 425.0

Schools

  • Elementary School: Arlington
  • High School: Terry Parker

Lot Info

  • Parcel #: 1411380162

Multi Family

  • Number Of Units Total: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2024
Closed on
Nov 25, 2024
Sold by
Flood Jennifer
Bought by
Jc Properties Of Jax
Seller's Agent
TRACY COLLINS
WATSON REALTY CORP
Buyer's Agent
TRACY COLLINS
WATSON REALTY CORP
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%
Views
10
Current Estimated Value
$108,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,637
Avg. Annual Appreciation
-6.46%

Purchase Details

Listed on
Sep 18, 2024
Closed on
Oct 30, 2024
Sold by
Bennett Lyle T
Bought by
Flood Jennifer
Seller's Agent
TRACY COLLINS
WATSON REALTY CORP
Buyer's Agent
TRACY COLLINS
WATSON REALTY CORP
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%
Views
10

Purchase Details

Listed on
Mar 12, 2023
Closed on
Apr 28, 2023
Sold by
Alzerjawi Moben
Bought by
Bennett Lyle T
Seller's Agent
TRACY COLLINS
WATSON REALTY CORP
Buyer's Agent
TRACY COLLINS
WATSON REALTY CORP
List Price
$81,000
Sold Price
$81,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.47%

Purchase Details

Closed on
May 13, 2022
Sold by
Aniam Jabar
Bought by
Alzerjawl Moben

Purchase Details

Closed on
Feb 25, 2020
Sold by
Boston Lorris
Bought by
Jabar Anram

Purchase Details

Listed on
Jun 25, 2018
Closed on
Jul 27, 2018
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Boston Larris
Seller's Agent
GABRIELA KADAS
CENTURY 21 FIRST COAST
Buyer's Agent
KARI SULLIVAN
RE/MAX SPECIALISTS
List Price
$14,900
Sold Price
$14,000
Premium/Discount to List
-$900
-6.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.45%

Purchase Details

Closed on
Apr 2, 2018
Sold by
New Penn Financial Llc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Mar 29, 2018
Sold by
Stophel Tommie T
Bought by
New Penn Financial Llc

Purchase Details

Closed on
Sep 29, 2017
Sold by
Stophel Tommie T
Bought by
Teakwood Villas Association Inc

Purchase Details

Closed on
May 23, 2006
Sold by
Stophel Tommie T and Sommerville Tommie
Bought by
Stophel Tommie T and The Tommie Sommerville Revocable Trust

Purchase Details

Closed on
Sep 29, 2005
Sold by
Andrews Hansen Harold and Andrews Lois
Bought by
Stophel Tommie T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.71%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Dec 30, 1998
Sold by
Pinner Rudolph W
Bought by
Andrews Hansen Harold and Andrews Lois

Purchase Details

Closed on
Mar 31, 1997
Sold by
Wing Renee Joan and Fillion Leura Joan
Bought by
Pinner Rudolph W
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $110,000 Watson Title Services Of North
Warranty Deed $81,000 Watson Title
Quit Claim Deed -- None Listed On Document
Quit Claim Deed $14,000 None Available
Special Warranty Deed $14,000 Ras Title Llc
Special Warranty Deed -- None Available
Certificate Of Transfer $10,100 None Available
Trustee Deed $300 None Available
Interfamily Deed Transfer -- Attorney
Warranty Deed $70,000 --
Warranty Deed $37,000 --
Warranty Deed $35,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $63,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2024 10/30/24 Sold $110,000 -8.3% $104 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
09/18/2024 09/18/24 For Sale $120,000 +757.1% $114 / Sq Ft
04/07/2024 04/07/24 Off Market $14,000 -- --
12/17/2023 12/17/23 Off Market $14,000 -- --
12/17/2023 12/17/23 Off Market $81,000 -- --
04/28/2023 04/28/23 Sold $81,000 0.0% $77 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
03/12/2023 03/12/23 For Sale $81,000 +478.6% $77 / Sq Ft
07/27/2018 07/27/18 Sold $14,000 -6.0% $13 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $14,900 -- $14 / Sq Ft
Source: realMLS (Northeast Florida Multiple Listing Service)

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 $1,222 $66,750 -- $66,750
2024 $1,358 $66,750 -- $66,750
2023 $1,358 $74,000 $0 $74,000
2022 $676 $56,500 $0 $56,500
2021 $493 $26,500 $0 $26,500
2020 $452 $24,000 $0 $24,000
2019 $458 $24,000 $0 $24,000
2018 $462 $24,000 $0 $24,000
2017 $378 $23,000 $0 $23,000
2016 $367 $23,000 $0 $0
2015 $294 $14,000 $0 $0
2014 $297 $14,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: realMLS (Northeast Florida Multiple Listing Service)

MLS Number: 1216774

realMLS (Northeast Florida Multiple Listing Service)

APN: 141138-0162