NOT LISTED FOR SALE
-- Bed
-- Bath
1,132 Sq Ft
7,405 Sq Ft Lot

Last Sold January 05, 2021

Last sale price $430,000 $380 Per Sq Ft

118 Days on Market

Highlights

  • Laundry Room
  • Property is near shops
  • Ceiling Fan
  • Ketterlinus Elementary School Rated A
  • Central Heating and Cooling System
  • Rectangular Lot

About This Home

As of January 2021

2 downtown cottages, favorable zoning allowing for legal nightly rentals and the bonus of required parking on-site makes for a rare and enticing opportunity. Rental rates for 23 Old Mission Ave are based on projected short-term income. Rental rates for 23 1/2 Old Mission Ave are based on real revenue from existing Airbnb in full operation. Located just off San Marco Ave - a true Main Street dotted with neat retail shops, indie restaurants, ice cream, cupcakes and wine bar all within 4-blocks. With 1,106SF, the front cottage dates back to 1900 and enjoys a classic covered front porch made private thanks to mature landscaping in the front yard. Entry door opens into living room with a bedroom on the left. Short hall off bedroom houses full bathroom and laundry room. 2nd living room is in the middle and large dining room is open to the efficient kitchen. Another bedroom is at the back providing maximum privacy between the sleeping rooms. Back door in kitchen leads to very private deck inside a louvered courtyard. Rear cottage measures 456 SF and has a wonderful walled courtyard enjoyed by many happy Airbnb guests. Interior space is separated into sleeping quarters, living and dining area and kitchen lines up against one wall out of sight of the "bedroom". Everything is newly updated and this unit is literally rented almost every night. Outside the courtyard wall there are 3 parking spaces (1 per bedroom as required by ordinance). There is a perpetual easement providing ingress and egress from 23 OM across 25 and exiting at 27. This simplifies traffic flow for all concerned. Shared well agreement ensures that everyone's grass stays green and all 3 properties share the cost. Zoning, location and 2 dwellings allowing legal nightly rentals are a rare and mighty package wrapped up and waiting for someone who can do the math. Check it out.

Last Agent to Sell the Property

Irene Arriola

One Sotheby's - Downtown Listed on: 09/04/2020

One Sotheby's - Downtown

Last Buyer's Agent

Debby Craggs

Florida Homes Realty & Mortgage

Florida Homes Realty & Mortgage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,738

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50 x 150
  • Rectangular Lot

Parking

  • Private Parking

Home Design

  • Frame Construction

Interior Spaces

  • Ceiling Fan
  • Window Treatments
  • Range
  • Laundry Room

Additional Features

  • Property is near shops
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 190580-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,738

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Additional Marketing: Yes
  • Class: Multifamily
  • Construction: Frame, Wood
  • Extras: Ceiling Fan, Laundry, Parking, Range, Refrigerator, Shopping Near, Window Treatments
  • Heat: Central, Electric
  • Legal Description: Garnett Addition Lot 11 Block 12
  • Location: City
  • Lvt Date: 10/13/2020
  • Type Of Property: Duplex
  • Waste: Sewer
  • Year Built: 1900
  • Addnl Marketing Remarks: With 1,106SF, the front cottage dates back to 1900 and enjoys a classic covered front porch made private thanks to mature landscaping in the front yard. Entry door opens into living room with a bedroom on the left. Short hall off bedroom houses full bathroom and laundry room. 2nd living room is in the middle and large dining room is open to the efficient kitchen. Another bedroom is at the back providing maximum privacy between the sleeping rooms. Back door in kitchen leads to very private deck inside a louvered courtyard. Rear cottage measures 456 SF and has a wonderful walled courtyard enjoyed by many happy Airbnb guests. Interior space is separated into sleeping quarters, living and dining area and kitchen lines up against one wall out of sight of the "bedroom". Everything is newly updated and this unit is literally rented almost every night. Outside the courtyard wall there are 3 parking spaces (1 per bedroom as required by ordinance). There is a perpetual easement providing ingress and egress from 23 OM across 25 and exiting at 27. This simplifies traffic flow for all concerned. Shared well agreement ensures that everyone's grass stays green and all 3 properties share the cost. Zoning, location and 2 dwellings allowing legal nightly rentals are a rare and mighty package wrapped up and waiting for someone who can do the math. Check it out.
  • Marketing For Public Vw: 2 downtown cottages, favorable zoning allowing for legal nightly rentals and the bonus of required parking on-site makes for a rare and enticing opportunity. Rental rates for 23 Old Mission Ave are based on projected short-term income. Rental rates for 23 1/2 Old Mission Ave are based on real revenue from existing Airbnb in full operation. Located just off San Marco Ave - a true Main Street dotted with neat retail shops, indie restaurants, ice cream, cupcakes and wine bar all within 4-blocks.
  • Subdivision Condo: Garnett Addition
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Air Conditioner: Central, Electric
  • Water: City
  • Utilities Included: Electric, Sewer, Trash, Water

Lot Info

  • Lot Size: 50 x 150
  • Lot Type: Regular
  • Zoning: CL-1
  • Geo Subdivision: FL

Tax Info

  • Assessor Parcel Number: 190580-0000
  • Taxes: 3738
  • Tax Year: 2020

Multi Family

  • Units: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2021 01/05/21 Sold $430,000 -4.4% $380 / Sq Ft
09/04/2020 09/04/20 For Sale $450,000 -- $398 / Sq Ft
Source: St. Augustine and St. Johns County Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 198983

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

APN: 190580 0000