NOT LISTED FOR SALE

16 Saragossa St Saint Augustine, FL 32084

Saint Augustine Historic District Neighborhood

Estimated Value: $1,209,000

5 Beds
3 Baths
-- Sq Ft
0.27 Acres

Last Sold February 24, 2021

Last sale price $815,000

Est. 48% increase in value since last sale

Current estimated payment $7,563/month

28 Days on Market

Highlights

  • Furnished
  • Fireplace
  • Laundry Room
  • Ketterlinus Elementary School Rated A
  • Concrete Block With Brick
  • 4-minute walk to Andrew Young Crossing

About This Home

As of February 2021

Ideally located on one of St. Augustine’s grandest streets stands this downtown 3,711 square foot Victorian beauty. She’s steeped in St. Augustine’s rich history; an elaborate story to be told, and the next chapter ready to be written. Saragossa Street proudly showcases some of St. Augustine’s most notable homes in the coveted Historic District, and 16 Saragossa Street stands out among them maintaining an original air of elegance and its post turn-of-the-century grandeur. Built in 1923 with the gorgeous woodwork, two fireplaces and ornate details, this stately home currently operates with coveted RG1 zoning as three successful, nightly vacation rentals. Divided into separate, furnished units, each with its own entrance, full kitchen, parking spots, electric meter and rental history, this income-producing property delivers an excellent return on investment with a total average gross annual income of $120,000+ for three consecutive years. The main house is separated into an upstairs and downstairs unit. Upstairs: two bedrooms, one bath with gorgeous Florida room. Downstairs: two bedrooms, two and a half baths, sun room, and inviting back porch. Carriage House over the two car garage: a one bedroom apartment with a deck overlooking tree tops of gorgeous towering oak trees. The back deck and patio of the main house are privately situated for backyard entertaining, surrounded by lush native gardens that accentuate the rich history and age-old beauty of this timeless St. Augustine estate. The highly-coveted RG1 Zoning allows nightly rentals and a variety of uses-continue with the three vacation rentals, convert the property to a Bed & Breakfast, renovate to its original splendor as a single family estate, transform into a wedding venue or office space. Offered as a turn-key business complete with future bookings, over 1027 rave reviews on rental sites, and a housekeeping/host team that’s perfected the turnover process. This is a rare opportunity.

Last Agent to Sell the Property

Kate Mitchell

One Sotheby's Int (A1A Beach) Listed on: 11/03/2020

One Sotheby's Int (A1A Beach)

Co-Listed By

Danielle Gustafson

One Sotheby's Int (A1A Beach)

Last Buyer's Agent

Memory Hopkins

Memory Hopkins Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,940

Year Built

  • Built in 1923

Lot Details

  • 0.27

Home Design

  • Concrete Block With Brick
  • Frame Construction
  • Stone

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Fireplace
  • Laundry Room

Kitchen

  • Range
  • Microwave

Parking

  • Garage
  • Private Parking

Additional Features

  • Lot Dimensions are 65x181
  • Central Heating and Cooling System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 206200-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,940

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Additional Marketing: Yes
  • Class: Multifamily
  • Construction: Concrete Block, Frame, Stone, Wood
  • Extras: Ceiling Fan, Fireplace, Furnished, Garage, Laundry, Microwave, Parking, Range, Refrigerator
  • Heat: Central, Electric
  • Legal Description: 1-121 MODEL LAND CO SUB CITY ANDERSON SUB OF LOT 1 BLK N E30FT OF LOT 3 & W35FT OF LOT 4 OR3775/570 & 4853/1653(D/C)
  • Location: City
  • Lvt Date: 11/03/2020
  • Type Of Property: Triplex
  • Waste: Sewer
  • Year Built: 1923
  • Addnl Marketing Remarks: Built in 1923 with the gorgeous woodwork, two fireplaces and ornate details, this stately home currently operates with coveted RG1 zoning as three successful, nightly vacation rentals. Divided into separate, furnished units, each with its own entrance, full kitchen, parking spots, electric meter and rental history, this income-producing property delivers an excellent return on investment with a total average gross annual income of $120,000+ for three consecutive years. The main house is separated into an upstairs and downstairs unit. Upstairs: two bedrooms, one bath with gorgeous Florida room. Downstairs: two bedrooms, two and a half baths, sun room, and inviting back porch. Carriage House over the two car garage: a one bedroom apartment with a deck overlooking tree tops of gorgeous towering oak trees. The back deck and patio of the main house are privately situated for backyard entertaining, surrounded by lush native gardens that accentuate the rich history and age-old beauty of this timeless St. Augustine estate. The highly-coveted RG1 Zoning allows nightly rentals and a variety of uses-continue with the three vacation rentals, convert the property to a Bed & Breakfast, renovate to its original splendor as a single family estate, transform into a wedding venue or office space. Offered as a turn-key business complete with future bookings, over 1027 rave reviews on rental sites, and a housekeeping/host team that’s perfected the turnover process. This is a rare opportunity.
  • Marketing For Public Vw: Ideally located on one of St. Augustine’s grandest streets stands this downtown 3,711 square foot Victorian beauty. She’s steeped in St. Augustine’s rich history; an elaborate story to be told, and the next chapter ready to be written. Saragossa Street proudly showcases some of St. Augustine’s most notable homes in the coveted Historic District, and 16 Saragossa Street stands out among them maintaining an original air of elegance and its post turn-of-the-century grandeur.
  • Subdivision Condo: Anderson Sub Anderson Condo
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Air Conditioner: Central, Electric
  • Water: City

Lot Info

  • Lot Size: 65x181
  • Zoning: RG-1
  • Geo Subdivision: FL

Tax Info

  • Assessor Parcel Number: 206200-0000
  • Taxes: 11940.01
  • Tax Year: 2019

Multi Family

  • Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2012
Sold by
Addison Donald C
Bought by
Addison Donald C and Addison Luisa
Current Estimated Value
$1,209,000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Addison Donald C -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2021 02/24/21 Sold $815,000 -4.1% --
11/03/2020 11/03/20 For Sale $850,000 +82.8% --
08/08/2013 08/08/13 Sold $465,000 -22.4% -- View Prior Sale
08/08/2013 08/08/13 Pending -- -- --
04/02/2013 04/02/13 For Sale $599,000 -- --
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 $14,747 $854,353 -- --
2024 $14,747 $834,162 -- --
2023 $14,747 $805,448 $0 $0
2022 $14,184 $773,626 $248,976 $524,650
2021 $13,310 $686,090 $0 $0
2020 $12,116 $605,411 $0 $0
2019 $11,940 $579,782 $0 $0
2017 $12,329 $594,705 $211,185 $383,520
2016 $11,346 $530,389 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kate Mitchell

    Seller's Agent in 2021

    Kate Mitchell

    One Sotheby's Int (A1A Beach)

    (904) 501-6996

    7 in this area

    130 Total Sales

    Kate Mitchell
    Section Image
  • Danielle Gustafson

    Seller Co-Listing Agent in 2021

    Danielle Gustafson

    One Sotheby's Int (A1A Beach)

    (904) 501-9193

    5 in this area

    149 Total Sales

    Danielle Gustafson
    Section Image
  • Memory Hopkins

    Buyer's Agent in 2021

    Memory Hopkins

    Memory Hopkins Real Estate

    (386) 931-9464

    2 in this area

    49 Total Sales

    Memory Hopkins
    Section Image

  • R

    Seller's Agent in 2013

    Roy Barnes, Jr

    St Augustine Realty

    Section Image
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Map

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

MLS Number: 199441

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

APN: 206200-0000

Florida St. Johns County Saint Augustine 32084 Saint Augustine Historic District

16 Saragossa St, Saint Augustine, FL

Not Listed for Sale

MultiFamily

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