NOT LISTED FOR SALE

Estimated Value: $616,000 - $711,000

4 Beds
4 Baths
2,975 Sq Ft
$219/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $530,000 $178 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $4,225/month

3 Days on Market

Highlights

  • Wood Flooring
  • Energy-Efficient Appliances
  • Laundry Facilities
  • Brick or Stone Veneer
  • Central Heating and Cooling System

About This Home

As of September 2021

Be the next to own this incredible multi-family rental property in Riverside. All four units were completely renovated in 2016 (HVAC, plumbing, electrical, bathrooms, kitchens, appliances, roof, driveway/parking pad, fixtures, and flooring). The rental market in Riverside is second-to-none and there have been 0 days vacant in the last 6 years. All four units are turnkey and have long-term leases ready for the next owner. Current rental income is $4,250/month.

Last Agent to Sell the Property

Scott Fader

JOSEPH WALTER REALTY LLC License #3491231 Listed on: 06/15/2021

Last Buyer's Agent

Scott Fader

JOSEPH WALTER REALTY LLC License #3491231 Listed on: 06/15/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,366

Year Built

  • Built in 1947

Lot Details

  • 10,193

Parking

  • Parking Lot

Home Design

  • Quadruplex
  • Brick or Stone Veneer
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,975 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector
  • Electric Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Appliances

Schools

  • West Riverside Elementary School
  • Lake Shore Middle School
  • Riverside High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 0631420000

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units
  • 1661 Riverside Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,366

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Year Built: 1947
  • Property Sub Type: Quadruplex
  • Road Surface Type: Asphalt
  • Subdivision Name: 1661 Riverside
  • Efficiency: Appliances
  • General Property Information Living Area2: 2975.0
  • General Property Information Waterfront YN: No
  • General Property Information List PriceSqFt2: 176.47
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Appliances Refrigerators: Yes
  • Flooring Wood: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Security Features Smoke Detector(s): Yes
  • Flooring Vinyl: Yes
  • General Property Information Stories Total: 2
  • General Property Information Number Of Units Total2: 4.0
  • General Property Information:Pool Private YN: No
  • Special Features: None

Interior Features

  • Major Appliances: Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Flooring: Vinyl, Wood
  • Living Area: 2975.0
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Waterfront: No
  • Roof: Shingle
  • Pool Features: None
  • Construction Type: Brick Veneer, Fiber Cement, Frame
  • Construction Materials:Brick Veneer: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Fiber Cement: Yes

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Cable Connected, Separate Water 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

Condo/Co-op/Association

  • Amenities: Laundry
  • Association: Yes

Association/Amenities

  • Association Amenities:Laundry: Yes

Schools

  • Elementary School: West Riverside
  • High School: Riverside
  • Middle Or Junior School: Lake Shore

Lot Info

  • Parcel #: 0631420000

Green Features

  • Green Energy Efficient:Appliances: Yes

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Oct 18, 2021
Sold by
Sprague Devon
Bought by
Sprague Devon and 2966 Remthigton Land Trust
Seller's Agent
Scott Fader
JOSEPH WALTER REALTY LLC
Buyer's Agent
Scott Fader
JOSEPH WALTER REALTY LLC
List Price
$525,000
Sold Price
$530,000
Premium/Discount to List
$5,000
0.95%
Current Estimated Value
$652,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,294
Avg. Annual Appreciation
5.12%

Purchase Details

Closed on
Jul 28, 2021
Sold by
Kuhrt Thomas E and Kuhrt Jaclyn S
Bought by
Sprague Devon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Outstanding Balance
$361,990
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$290,304

Purchase Details

Closed on
Mar 31, 2021
Sold by
Kuhrt Thomas E and Kuhrt Jaclyn S
Bought by
Kuhrt Thomas E and Kuhrt Jaclyn S

Purchase Details

Listed on
Sep 28, 2015
Closed on
Dec 10, 2015
Sold by
Jackson Larry Richard
Bought by
Kuhrt Thomas Edward
Seller's Agent
LARRY JACKSON
PELLICER PROPERTIES
Buyer's Agent
NICHOLAS COTRONEO
PACIFICO PROPERTIES
List Price
$249,000
Sold Price
$230,000
Premium/Discount to List
-$19,000
-7.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.03%
Original Mortgage
$172,500
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2002
Sold by
Bilanchone Patrick
Bought by
Jackson Larry Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,999
Interest Rate
6.85%

Purchase Details

Closed on
Nov 3, 1998
Sold by
Hill Jennifer E and Watson Jennifer
Bought by
Bilanchone Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,452
Interest Rate
6.65%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sprague Devon -- Attorney
Sprague Devon $530,000 Attorney
Kuhrt Thomas E -- Accommodation
Kuhrt Thomas Edward $230,000 None Available
Jackson Larry Richard $179,000 Watson & Osborne Title
Bilanchone Patrick $92,500 Transcontinental Title Compa
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sprague Devon $397,500
Previous Owner Kuhrt Thomas Edward $172,500
Previous Owner Jackson Larry Richard $104,999
Previous Owner Bilanchone Patrick $92,452
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2023 12/17/23 Off Market $530,000 -- --
12/17/2023 12/17/23 Off Market $230,000 -- --
09/27/2021 09/27/21 Sold $530,000 +1.0% $178 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $525,000 +128.3% $176 / Sq Ft
12/10/2015 12/10/15 Sold $230,000 -7.6% $77 / Sq Ft View Prior Sale
12/06/2015 12/06/15 Pending -- -- --
09/28/2015 09/28/15 For Sale $249,000 -- $84 / 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 $9,366 $508,119 -- --
2024 $9,366 $523,296 $115,500 $407,796
2023 $8,930 $523,296 $94,500 $428,796
2022 $7,226 $381,759 $94,500 $287,259
2021 $6,342 $340,856 $94,500 $246,356
2020 $5,783 $296,058 $94,500 $201,558
2019 $5,318 $257,103 $94,500 $162,603
2018 $5,144 $257,103 $94,500 $162,603
2017 $4,955 $259,051 $63,000 $196,051
2016 $4,389 $197,372 $0 $0
2015 $4,235 $214,200 $0 $0
2014 $3,741 $165,445 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: realMLS (Northeast Florida Multiple Listing Service)

MLS Number: 1115527

realMLS (Northeast Florida Multiple Listing Service)

APN: 063142-0000