NOT LISTED FOR SALE

2878 Selma St Unit 2878 & 2880 Jacksonville, FL 32205

Riverside Neighborhood

Estimated Value: $462,240 - $508,000

4 Beds
2 Baths
2,024 Sq Ft
$242/Sq Ft Est. Value

Last Sold December 08, 2020

Last sale price $325,000 $161 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,949/month

51 Days on Market

Highlights

  • The property is located in a historic district
  • Great Room
  • Side Porch
  • Wood Flooring
  • No HOA
  • Inside Utility

About This Home

As of December 2020

Beautiful updated duplex with great location to downtown, 5 Points, Avondale and easy access to I-95. Both units feature updated kitchens and baths, ceramic tile and laminate throughout, in unit laundry, and updated electrical/plumbing. Too many upgrades to list! As a bonus, property has an oversized back yard and plenty of space for parking. Never a problem finding tenants for this property as centrally located to bars, restaurants and shopping. Both apartments are currently leased and bring in a steady monthly income. The leases come due on August 2021 and November 2021. All you have to do is BUY and enjoy the income!

Last Agent to Sell the Property

Lisa McNeilly

TAYLOR REAL ESTATE SVC OF C FL License #3298774 Listed on: 09/23/2020

Last Buyer's Agent

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE

STELLAR NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,938

Year Built

  • Built in 1941

Lot Details

  • 6,359

Parking

  • Driveway

Home Design

  • Duplex
  • Bi-Level Home
  • Wood Frame Construction
  • Shingle Roof
  • Asbestos

Interior Spaces

  • 2,024 Sq Ft Home
  • Ceiling Fan
  • Great Room
  • Inside Utility
  • Crawl Space

Kitchen

  • Range with Range Hood
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Laundry

  • Laundry in unit
  • Dryer

Outdoor Features

  • Outdoor Storage
  • Side Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • 6,359 Sq Ft Lot
  • The property is located in a historic district

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • New Riverside 1St Add To Subdivision

Building Details

  • Gross Income $28,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,938

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Asbestos, Wood Frame
  • Fireplace: No
  • Living Area: 2024
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 1941
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 6359
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5894021?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5894021?w=Customer
  • Unit Count: 2
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.92857
  • Price per Sq Ft: 160.57
  • Close to Original List Price Ratio: 0.92857
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator
  • Foundation Details: Crawlspace
  • Levels: Two
  • Additional Rooms: Great Room, Inside Utility
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Side Porch
  • Road Surface Type: Paved, Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12031C0362J
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RMD-B
  • Parcel Number: 064570-0000
  • Additional Parcels: No
  • Lot Features: Historic District
  • Flood Zone Code: X
  • Flood Zone Date: 2018-11-02

Multi Family

  • Gross Income: 28560
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 3938
  • Tax Block: 22
  • Tax Book Number: 002101
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2020
Closed on
Dec 7, 2020
Sold by
Mckenzie Peggy L and Peggy L Mckenzie Revocable Tru
Bought by
Tuthill Austin
Seller's Agent
Lisa McNeilly
TAYLOR REAL ESTATE SVC OF C FL
Buyer's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%
Current Estimated Value
$456,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,704
Avg. Annual Appreciation
8.70%

Purchase Details

Closed on
Mar 28, 2016
Sold by
Mckenzie Peggy L
Bought by
Peggy L Mckenzie Revocable Trust

Purchase Details

Closed on
Mar 1, 2016
Bought by
Peggy L Mckenzie Revocable Tru

Purchase Details

Closed on
Dec 15, 2005
Sold by
Sanders Donald G
Bought by
Mckenzie Peggy L
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
Tuthill Austin $325,000 The Closing Agent Llc
Peggy L Mckenzie Revocable Trust -- Attorney
Peggy L Mckenzie Revocable Tru $100 --
Mckenzie Peggy L $195,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2020 12/08/20 Sold $325,000 -7.1% $161 / Sq Ft
11/12/2020 11/12/20 Pending -- -- --
10/19/2020 10/19/20 For Sale $350,000 0.0% $173 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $350,000 -- $173 / Sq Ft
Source: Stellar MLS

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 $6,693 $373,378 -- --
2024 $6,119 $381,524 $80,025 $301,499
2023 $6,119 $342,056 $65,475 $276,581
2022 $5,197 $290,950 $65,475 $225,475
2021 $4,826 $255,024 $65,475 $189,549
2020 $4,255 $223,146 $65,475 $157,671
2019 $3,938 $200,376 $65,475 $134,901
2018 $3,756 $200,376 $65,475 $134,901
2017 $3,426 $173,052 $43,650 $129,402
2016 $3,300 $172,040 $0 $0
2015 $2,944 $136,620 $0 $0
2014 $2,919 $141,527 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5894021

Stellar MLS

APN: 064570-0000