NOT LISTED FOR SALE

1940 S Fletcher Ave Unit A&B Fernandina Beach, FL 32034

Estimated Value: $2,282,000 - $2,974,000

5 Beds
4 Baths
2,520 Sq Ft
$1,015/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $2,700,000 $1,071 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $15,836/month

224 Days on Market

Highlights

  • Ocean Front
  • Furnished
  • Brick or Stone Veneer
  • Emma Love Hardee Elementary School Rated A-
  • No HOA
  • Central Heating

About This Home

As of August 2023

Craving Amelia Island? This OCEANFRONT DUPLEX is an exceptional find! Excellent short term rental and TURN-KEY! Designer furnishings and completely renovated! Private walk-way to the sandy shores of Amelia Island. Features include: FULLY FURNISHED and well-appointed, 3BR/2BA on main level side A 2BR/2BA side B, Open upper floor plan with spacious coastal kitchen complete with quartz countertops, vaulted tongue and groove ceilings, PLENTIFUL parking, expansive oceanfront deck with dining and lounging areas and outdoor shower. Whether investment or enjoying for yourself, this is a RARE opportunity to have both! Call soon!

Last Agent to Sell the Property

Jenny Schaffer

SUMMER HOUSE REALTY License #3347104 Listed on: 11/29/2022

Last Buyer's Agent

Jenny Schaffer

SUMMER HOUSE REALTY License #3347104 Listed on: 11/29/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,305

Year Built

  • Built in 1971

Lot Details

  • Ocean Front

Home Design

  • Duplex
  • Entry on the 1st floor
  • Brick or Stone Veneer
  • Shingle Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,520 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ocean Views

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Amelia Island Subdivision

Listing and Financial Details

  • Assessor Parcel Number 000031146000410000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,305

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • New Construction: No
  • Stories: 2
  • Year Built: 1971
  • Property Sub Type: Duplex
  • Road Surface Type: Asphalt
  • Subdivision Name: Amelia Island
  • Entry Level: 1
  • General Property Information Living Area2: 2520.0
  • General Property Information Waterfront YN: Yes
  • General Property Information New Construction YN: No
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • General Property Information Furnished: Furnished
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • General Property Information Entry Level2: 1.0
  • ViewOcean: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: None

Interior Features

  • Major Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Furnished: Furnished
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Living Area: 2520.0
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes

Exterior Features

  • Waterfront: Yes
  • Roof: Metal, Shingle
  • View: Ocean
  • Construction Type: Brick Veneer, Wood Siding
  • Construction Materials:Brick Veneer: Yes
  • Construction Materials:Wood Siding: Yes
  • Waterfront Features:Ocean Front: Yes

Utilities

  • Utilities: Cable Available
  • Heating: Central, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Heat Pump: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Parcel #: 000031146000410000

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2022
Closed on
Aug 28, 2023
Sold by
Weilbaecher Derek E
Bought by
Potosky Donald Alexander and Potosky Donna Michelle
Seller's Agent
Jenny Schaffer
SUMMER HOUSE REALTY
Buyer's Agent
Jenny Schaffer
SUMMER HOUSE REALTY
List Price
$3,100,000
Sold Price
$2,700,000
Premium/Discount to List
-$400,000
-12.9%
Current Estimated Value
$2,557,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$142,139
Avg. Annual Appreciation
-2.52%
Original Mortgage
$2,025,000
Outstanding Balance
$1,394,614
Interest Rate
6.96%
Mortgage Type
Balloon
Estimated Equity
$1,163,247

Purchase Details

Closed on
Oct 26, 2017
Sold by
Kuitems Frank D
Bought by
Weilbacher Derek E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$689,500
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2000
Sold by
Kuitems Levy Carlos A
Bought by
Kuitems Frank D
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
Potosky Donald Alexander $2,700,000 None Listed On Document
Weilbacher Derek E $985,000 Attorney
Kuitems Frank D $282,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Potosky Donald Alexander $2,025,000
Previous Owner Weilbacher Derek E $689,500
Previous Owner Kuitems Frank D $75,000
Previous Owner Kuitems Frank D $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2023 12/17/23 Off Market $2,700,000 -- --
08/28/2023 08/28/23 Sold $2,700,000 -12.9% $1,071 / Sq Ft
07/11/2023 07/11/23 Pending -- -- --
11/29/2022 11/29/22 For Sale $3,100,000 -- $1,230 / 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
2024 $27,305 $2,089,149 $1,237,500 $851,649
2023 $27,305 $1,610,310 $1,125,000 $485,310
2022 $23,890 $1,425,446 $1,125,000 $300,446
2021 $21,748 $1,185,325 $945,000 $240,325
2020 $20,157 $1,056,807 $866,250 $190,557
2019 $19,953 $1,058,753 $866,250 $192,503
2018 $17,052 $838,981 $0 $0
2017 $15,845 $794,992 $0 $0
2016 $15,415 $737,629 $0 $0
2015 $13,794 $670,572 $0 $0
2014 $9,062 $476,272 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jenny Schaffer

    Seller's Agent in 2023

    Jenny Schaffer

    SUMMER HOUSE REALTY

    (904) 557-4739

    328 in this area

    357 Total Sales

    Jenny Schaffer
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Map

Source: realMLS (Northeast Florida Multiple Listing Service)

MLS Number: 1202373

realMLS (Northeast Florida Multiple Listing Service)

APN: 00-00-31-1460-0041-0000

Florida Nassau County Fernandina Beach 32034

1940 S Fletcher Ave Unit A&B, Fernandina Beach, FL

This home is located at 1940 S Fletcher Ave Unit A&B, Fernandina Beach, FL 32034 since 29 November 2022 and is currently estimated at $2,557,861, approximately $1,015 per square foot. This property was built in 1971. 1940 S Fletcher Ave Unit A&B is a home located in Nassau County with nearby schools including Southside Elementary School, Emma Love Hardee Elementary School, and Fernandina Beach Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

realMLS (Northeast Florida Multiple Listing Service) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.

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