NOT LISTED FOR SALE

Estimated Value: $385,000 - $461,000

-- Bed
2 Baths
1,501 Sq Ft
$274/Sq Ft Est. Value

Last Sold February 20, 2023

Last sale price $367,000 $245 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,591/month

2 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Fireplace
  • A.K. Suter Elementary School Rated A-
  • Bonus Room
  • Inside Utility

About This Home

As of February 2023

~TWO FURNISHED SEPARATE LIVING PLACES SO DOUBLE THE OPPORTUNITY! ~AIRBNB~ This charming bungalow is the perfect place to call home, with modern updates and original character! With just a short drive to the airport and a quick trip to Downtown Pensacola or Pensacola Beach, it makes the perfect location for visitors and primary residents alike. The property features two separate dwellings; the main house is two bedrooms plus a flex/bonus room that can serve as a third bedroom or a home office! The full bathroom has a single pedestal sink, tub/shower combination, plenty of storage for all your bathroom needs, and tile floors. The breakfast room off the kitchen is perfect for informal meals. The living area has a rich, cozy vibe with its hardwood floors and brick fireplace. The classic elegance of the hardwood floors, combined with the warmth and charm of the fireplace, creates a timeless atmosphere. The cozy kitchen features a sleek modern design with clean white, line cabinets, and laminate countertops. The cabinets provide plenty of storage space, while the countertops offer a durable, low-maintenance surface for food prep and cooking. The room is bright and airy, with a contemporary feel that brings a fresh look to your home. The formal dining room is excellent for hosting dinner parties with friends and family. The studio is perfect for couples or families looking for a comfortable and convenient place to stay. It comes with a murphy bed, a kitchenette with a dining space, and a full bathroom. The studio also has a window unit to make your stay as comfortable as possible. The deck at the rear of the house connects the two dwellings and allows access to the shared laundry room. A driveway also leads to parking at the back of the house. Best of all, the property will be sold fully furnished, with an already established Airbnb rental business in place, offering a fantastic business investment opportunity in the highly desirable East Hill area of Pensacola.

Last Agent to Sell the Property

Christina Leavenworth

Levin Rinke Realty Listed on: 02/07/2023

Levin Rinke Realty

Last Buyer's Agent

Christina Leavenworth

Levin Rinke Realty Listed on: 02/07/2023

Levin Rinke Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,262

Year Built

  • Built in 1938

Lot Details

  • 6,360

Home Design

  • Off Grade Structure
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,501 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace
  • Blinds
  • Bonus Room
  • Inside Utility
  • Washer and Dryer Hookup
  • Fire and Smoke Detector

Kitchen

  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Tile

Schools

  • Suter Elementary School
  • Workman Middle School
  • Pensacola High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Back Yard Fenced

Community Details

  • 2 Units
  • New City Tract Subdivision

Listing and Financial Details

  • Assessor Parcel Number 000S009025006101

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,262

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Stories: 1
  • Parcel Number: 000S009025006101
  • Property Type: Residential Income
  • Year Built: 1938
  • Electric: Circuit Breakers
  • Lease Term: None
  • Property Sub Type: Other
  • Horses: No
  • Subdivision Name: New City Tract
  • Directions: From N Spring St toward W Chase St, Turn right onto W Cervantes St, Home will be on the right.
  • Building Name: None
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Dishwasher, Refrigerator
  • Fireplace: Yes
  • Flooring: Hardwood, Tile
  • Interior Amenities: Ceiling Fan(s), Bonus Room
  • Window Features: Some Blinds, Some Drapes
  • Room Kitchen Features: Laminate Counters, Pantry

Exterior Features

  • Roof: Shingle
  • Fencing: Back Yard
  • Lot Features: Central Access
  • Pool Features: None
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Foundation Details: Off Grade
  • Patio And Porch Features: Deck
  • Property Condition: Resale

Garage/Parking

  • Parking Features: 1 Space/Unit

Utilities

  • Heating: Central, Fireplace(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Sewer: Public Sewer
  • Laundry Features: Inside, W/D Hookups
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Water Source: Public

Schools

  • Elementary School: Suter
  • High School: Pensacola
  • Middle Or Junior School: Workman

Lot Info

  • Zoning Description: City
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2023
Closed on
Feb 17, 2023
Sold by
Matherne Brett and Matherne Lexie
Bought by
Shea Kevin and Shea Leslie
Seller's Agent
Christina Leavenworth
Levin Rinke Realty
Buyer's Agent
Christina Leavenworth
Levin Rinke Realty
List Price
$390,000
Sold Price
$367,000
Premium/Discount to List
-$23,000
-5.9%
Current Estimated Value
$411,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,061
Avg. Annual Appreciation
4.56%

Purchase Details

Listed on
Oct 5, 2021
Closed on
Dec 16, 2021
Sold by
T K Holdings Llc
Bought by
Matherne Brett and Matherne Lexie
Seller's Agent
Christine Landers
Key Impressions LLC
Buyer's Agent
Christine Landers
Key Impressions LLC
List Price
$357,000
Sold Price
$357,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.41%
Original Mortgage
$321,300
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 18, 2016
Closed on
Jan 29, 2016
Sold by
Nickelsen Eric J
Bought by
T K Holdings Llc
Seller's Agent
Jeffery Hyde
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Jeffery Hyde
Berkshire Hathaway HomeServices PenFed Realty
List Price
$84,900
Sold Price
$84,000
Premium/Discount to List
-$900
-1.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.79%

Purchase Details

Closed on
Oct 7, 2015
Sold by
Carr Richard T
Bought by
Nickelsen Eric J and John S & Robin J Carr Irrevocable Trust

Purchase Details

Closed on
May 9, 2014
Sold by
Nickelsen Eric J and Carr Catherine Blair
Bought by
Carr Richard T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.44%
Mortgage Type
Seller Take Back
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
Shea Kevin $367,000 Surety Land & Title
Matherne Brett $357,000 None Available
T K Holdings Llc $84,000 Attorney
Nickelsen Eric J $81,060 Attorney
Carr Richard T $75,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Matherne Brett $321,300
Previous Owner T K Holdings Llc $81,000
Previous Owner Carr Richard T $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2023 02/20/23 Sold $367,000 -5.9% $245 / Sq Ft
02/09/2023 02/09/23 Pending -- -- --
02/09/2023 02/09/23 Price Changed $390,000 0.0% $260 / Sq Ft
02/07/2023 02/07/23 For Sale $390,000 +9.2% $260 / Sq Ft
12/22/2021 12/22/21 Sold $357,000 0.0% $238 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
10/05/2021 10/05/21 For Sale $357,000 +325.0% $238 / Sq Ft
01/29/2016 01/29/16 Sold $84,000 -1.1% $56 / Sq Ft
01/21/2016 01/21/16 Pending -- -- --
01/18/2016 01/18/16 For Sale $84,900 -- $57 / 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 $4,262 $279,327 $47,813 $231,514
2023 $4,262 $242,299 $0 $0
2022 $3,825 $220,272 $38,250 $182,022
2021 $2,431 $134,950 $0 $0
2020 $2,190 $122,951 $0 $0
2019 $2,126 $118,418 $0 $0
2018 $2,038 $112,691 $0 $0
2017 $1,880 $100,819 $0 $0
2016 $1,563 $82,037 $0 $0
2015 $803 $80,009 $0 $0
2014 $1,531 $78,507 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 622201

Pensacola Association of REALTORS®

APN: 00-0S-00-9025-006-101