NOT LISTED FOR SALE

2503 Waters Edge Dr Neptune Beach, FL 32266

Estimated Value: $213,382 - $307,000

2 Beds
1.5 Baths
940 Sq Ft
$270/Sq Ft Est. Value

Last Sold December 12, 2022

Last sale price $185,000 $197 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,565/month

2 Days on Market

Highlights

  • Water Views
  • No HOA
  • Balcony
  • Duncan U. Fletcher High School Rated A-
  • Screened Porch
  • Cul-De-Sac

About This Home

As of December 2022

9% cap rate. See report attached. INVESTMENT opportunity & great value in the heart of Neptune beach. Townhome tucked away near the intercoastal. Fenced backyard and covered patio. Large laundry room. Tile in the main downstairs living area. Balcony upstairs in main bedroom with walk in closet and overlooks marsh. Virtual staging and renovation photos of the kitchen and back patio showcase the potential of this space to transform to your preference. Minutes from beaches, top rated schools and Neptune entertainment and dining. Driving distance to Naval Station Mayport. Investor report attached showing with a 20k investment an amazing cap rate and ROI.

Last Agent to Sell the Property

Roberto C Paredes

KELLER WILLIAMS FIRST COAST REALTY License #3124862 Listed on: 12/01/2022

KELLER WILLIAMS FIRST COAST REALTY

Last Buyer's Agent

Lynn Mattingly

BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY License #3369596

BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1980

Lot Details

  • Cul-De-Sac
  • Back Yard Fenced

Home Design

  • Wood Frame Construction
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 940 Sq Ft Home
  • 2-Story Property
  • Screened Porch
  • Water Views
  • Washer and Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Home Security

Outdoor Features

  • Balcony
  • Screened Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1775320502

Community Details

Overview

  • No Home Owners Association
  • Waters Edge Subdivision

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Attached Yn: Yes
  • New Construction: No
  • Stories: 2
  • Year Built: 1980
  • Property Sub Type: Townhouse
  • Road Surface Type: Asphalt
  • Subdivision Name: Waters Edge
  • General Property Information Living Area2: 940.0
  • General Property Information Waterfront YN: No
  • General Property Information New Construction YN: No
  • General Property Information List PriceSqFt2: 212.77
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Water Source Public: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Flooring Tile: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Security Features Smoke Detector(s): Yes
  • Fencing Back Yard: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: None

Interior Features

  • Interior Amenities: Eat-in Kitchen, Split Bedrooms, Walk-In Closet(s)
  • Major Appliances: Disposal, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Carpet, Tile
  • Living Area: 940.0
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Eat-in Kitchen: Yes

Exterior Features

  • Waterfront: No
  • Exterior: Balcony
  • Fencing: Back Yard
  • Roof: Shingle
  • Lot Features: Cul-De-Sac
  • Pool Features: None
  • View: Water
  • Construction Type: Frame, Shell Dash
  • Patio And Porch Features: Porch, Screened
  • Exterior Features:Balcony: Yes
  • Construction Materials:Frame: Yes
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Patio And Porch Features:Screened: Yes

Utilities

  • Utilities: Cable Available
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Current Use: Residential
  • Parcel #: 1775320502

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2022
Closed on
Dec 14, 2022
Sold by
Parker Kelly T
Bought by
2511 Waters Edge Llc
Seller's Agent
Roberto C Paredes
KELLER WILLIAMS FIRST COAST REALTY
Buyer's Agent
Lynn Mattingly
BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
List Price
$200,000
Sold Price
$185,000
Premium/Discount to List
-$15,000
-7.5%
Current Estimated Value
$255,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,921
Avg. Annual Appreciation
10.43%

Purchase Details

Closed on
Jun 29, 2000
Sold by
Harding Oscar J
Bought by
Needle Douglas O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,250
Interest Rate
8.23%

Purchase Details

Closed on
Jun 18, 1999
Sold by
Harding O J
Bought by
Morrill Jason C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,943
Interest Rate
7.43%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
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
2511 Waters Edge Llc $185,000 Trademark Title
Needle Douglas O $53,900 --
Morrill Jason C $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Needle Douglas O $52,250
Previous Owner Morrill Jason C $51,943
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2023 12/17/23 Off Market $185,000 -- --
12/12/2022 12/12/22 Sold $185,000 -7.5% $197 / Sq Ft
12/03/2022 12/03/22 Pending -- -- --
12/01/2022 12/01/22 For Sale $200,000 -- $213 / Sq Ft
Source: realMLS (Northeast Florida Multiple Listing Service)

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
2026 $2,829 $158,112 $60,597 $97,515
2025 $2,656 $151,236 $60,616 $90,620
2024 $2,754 $148,077 $60,000 $88,077
2023 $2,754 $152,750 $60,000 $92,750
2022 $2,291 $142,242 $56,000 $86,242
2021 $2,128 $126,862 $51,200 $75,662
2020 $1,901 $107,481 $36,800 $70,681
2019 $1,896 $107,334 $36,800 $70,534
2018 $1,725 $95,312 $28,800 $66,512
2017 $1,682 $91,872 $21,200 $70,672
2016 $1,587 $85,151 $0 $0
2015 $1,547 $83,698 $0 $0
2014 $1,401 $73,271 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Roberto C Paredes

    Seller's Agent in 2022

    Roberto C Paredes

    KELLER WILLIAMS FIRST COAST REALTY

    (904) 472-1947

    1 in this area

    169 Total Sales

    Roberto C Paredes
    Section Image
  • Lynn Mattingly

    Buyer's Agent in 2022

    Lynn Mattingly

    BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY

    (904) 482-7017

    2 in this area

    64 Total Sales

    Lynn Mattingly
    Section Image
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Map

Source: realMLS (Northeast Florida Multiple Listing Service)

MLS Number: 1202569

realMLS (Northeast Florida Multiple Listing Service)

APN: 177532-0502

Florida Duval County Neptune Beach 32266

2503 Waters Edge Dr, Neptune Beach, FL

Not Listed for Sale

Townhouses

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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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