NOT LISTED FOR SALE

Estimated Value: $1,029,000 - $1,480,293

8 Beds
4 Baths
3,762 Sq Ft
$325/Sq Ft Est. Value

Last Sold April 20, 2018

Last sale price $800,000 $213 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $7,683/month

98 Days on Market

About This Home

As of April 2018

Rare 4plex on desirable 1st Street in Jacksonville Beach! Located roughly 300ft from the ocean. High rental income with rents of $1800, $1800, $1200, and $1050. The front building contains 2 two bedroom one bath units that are 1,125 SF each and overlook 1st Street. They are each rented for $1,800 and have been remodeled with granite, stainless steel appliances, hardwood and tile floors, and upgrades galore. The back building contains 2 two bedroom one bath units that have been lightly remodeled with new countertops and new cabinets. All units have private washer/dryers. Both roofs replaced in 2013. All windows have been updated. Transferable termite bonds on both buildings. Great location and excellent condition! 100% occupied with a wait-list.

Last Agent to Sell the Property

JONATHAN PHILIPS

MASH REALTY SERVICES, LLC License #3165861 Listed on: 01/05/2018

Last Buyer's Agent

NON MLS

NON MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,446

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 39 x 144

Parking

  • Parking Lot

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,762 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1753870000

Community Details

Overview

  • 4 Units
  • Ocean Villa Subdivision

Building Details

  • Gross Income $70,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,446

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Year Built: 1940
  • Property Sub Type: Quadruplex
  • Lot Size: 39 x 144
  • Road Surface Type: Asphalt
  • Subdivision Name: Ocean Villa
  • General Property Information Living Area2: 3762.0
  • General Property Information Waterfront YN: No
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Security Features Smoke Detector(s): Yes
  • General Property Information Stories Total: 2
  • General Property Information Number Of Units Total2: 4.0
  • Gross Scheduled Income: 74400.0
  • General Property Information:Pool Private YN: No
  • Special Features: None

Interior Features

  • Major Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Owner Pays: Grounds Care, Insurance, Other Tax, Repairs
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Living Area: 3762.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Water Heater: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Waterfront: No
  • Roof: Shingle
  • Pool Features: None
  • Construction Type: Frame, Vinyl Siding
  • Construction Materials:Frame: Yes
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, 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

Lot Info

  • Parcel #: 1753870000

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 70200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2018
Closed on
Apr 20, 2018
Sold by
Greenwood Real Estate Holdings Llc
Bought by
Mason Walker and Mason Georgia
Seller's Agent
JONATHAN PHILIPS
MASH REALTY SERVICES, LLC
Buyer's Agent
NON MLS
NON MLS
List Price
$899,000
Sold Price
$800,000
Premium/Discount to List
-$99,000
-11.01%
Current Estimated Value
$1,222,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$422,073
Avg. Annual Appreciation
6.78%
Original Mortgage
$600,000
Outstanding Balance
$520,388
Interest Rate
4.44%
Mortgage Type
New Conventional
Estimated Equity
$777,154

Purchase Details

Closed on
Jul 13, 2016
Sold by
J P E Properties Llc
Bought by
Greenwood Real Estate Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,365,000
Interest Rate
3.66%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 9, 2000
Sold by
Abdullah Jo Ann
Bought by
J P Properties Llp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$747,000
Interest Rate
8.27%
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
Mason Walker $800,000 Ponte Vedra Title Llc
Greenwood Real Estate Holdings Llc $1,820,000 Attorney
J P Properties Llp $485,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mason Walker $600,000
Previous Owner Greenwood Real Estate Holdings Llc $1,365,000
Previous Owner J P Properties Llp $747,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2023 12/17/23 Off Market $800,000 -- --
04/20/2018 04/20/18 Sold $800,000 -11.0% $213 / Sq Ft
04/13/2018 04/13/18 Pending -- -- --
01/05/2018 01/05/18 For Sale $899,000 -- $239 / 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 $12,446 $721,756 -- --
2024 $11,877 $711,696 -- --
2023 $11,877 $684,350 $0 $0
2022 $10,558 $637,589 $0 $0
2021 $10,799 $635,244 $0 $0
2020 $10,694 $625,937 $0 $0
2019 $10,577 $611,325 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: realMLS (Northeast Florida Multiple Listing Service)

MLS Number: 915273

realMLS (Northeast Florida Multiple Listing Service)

APN: 175387-0000