NOT LISTED FOR SALE

Estimated Value: $442,000 - $537,000

4 Beds
4 Baths
2,989 Sq Ft
$158/Sq Ft Est. Value

Last Sold December 05, 2024

Last sale price $449,000 $150 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,218/month

65 Days on Market

About This Home

As of December 2024

Discover a prime investment opportunity with this 4-UNIT property in Murray Hill, featuring three 1BR/1BA units and one 2BR/1BA unit. Unit #3 is currently being held vacant to facilitate tours. Current average rent is $948/unit. Most tenants are currently month-to-month, giving the new owner optionality upon takeover. Brand new roof (July 2024). Each unit has an off-street parking space. All utilities are separately metered and paid directly by tenants, which is a rare feature for multifamily properties in the historic districts. Your tenants will love the short 10-minute walk to the restaurants on Edgewood Ave and the quick drive to Avondale (1.9 mi), Five Points (2.1 mi), Downtown (4.8 mi) and San Marco (5.8 mi). This property provides an excellent opportunity for a variety of investor types. An owner occupant could potentially utilize Fannie Mae's 5% down program for multifamily properties and live in one unit while collecting income from the others. Alternatively, an investor could enhance revenue through furnished and short-term rentals, which are popular in the area due to local employment drivers (St Vincent's, Downtown, Brooklyn) and local points of interest (Edgewood Ave, Shoppes of Avondale, Five Points).

Last Agent to Sell the Property

David Dawkins

SEVEN BRIDGES REALTY GROUP LLC License #3373490 Listed on: 08/26/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,785

Year Built

  • Built in 1947

Lot Details

  • 6,534 Sq Ft Lot
  • Irregular Lot

Parking

  • Additional Parking

Home Design

  • 2,989 Sq Ft Home
  • Quadruplex

Additional Features

  • 4 Bedrooms
  • The property is located in a historic district
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Murray Hill Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0613280000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,785

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • New Construction: No
  • Year Built: 1947
  • Property Sub Type: Quadruplex
  • Lot Size Acres: 0.15
  • Subdivision Name: Murray Hill Heights
  • Carport Y N: No
  • Garage Yn: No
  • General Property Information Living Area2: 2989.0
  • General Property Information New Construction YN: No
  • General Property Information List PriceSqFt2: 150.22
  • Cooling Central Air: Yes
  • Lot Features Historic Area: Yes
  • General Property Information Lot Size Acres: 0.15
  • General Property Information Number Of Units Total2: 4.0
  • General Property Information Carport YN: No
  • Utilities Electricity Connected: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Living Area: 2989.0

Exterior Features

  • Lot Features: Historic Area
  • Pool Features: None

Garage/Parking

  • Attached Garage: No
  • Parking Features: Additional Parking
  • Parking Features:Additional Parking: Yes
  • General Property Information:Garage YN: No

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Heating:Central: Yes

Lot Info

  • Current Use: Multi-Family, Residential
  • Lot Size Sq Ft: 6534.0
  • Parcel #: 0613280000
  • ResoLotSizeUnits: Acres

Multi Family

Tax Info

  • Tax Annual Amount: 4785.02
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2024
Closed on
Dec 5, 2024
Sold by
Riverside Collection Llc
Bought by
Munro Keenan W
Seller's Agent
David Dawkins
SEVEN BRIDGES REALTY GROUP LLC
List Price
$495,000
Sold Price
$449,000
Premium/Discount to List
-$46,000
-9.29%
Views
49
Current Estimated Value
$467,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,209
Avg. Annual Appreciation
4.57%
Original Mortgage
$359,200
Outstanding Balance
$355,350
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$116,262

Purchase Details

Closed on
Jul 16, 2024
Sold by
Apartments Plus Inc
Bought by
Riverside Collection Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,139
Interest Rate
6.99%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 31, 2006
Sold by
Burkhart Wayne F
Bought by
Apartments Plus Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,600
Interest Rate
7.5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Munro Keenan W $449,000 None Listed On Document
Munro Keenan W $449,000 None Listed On Document
Riverside Collection Llc $3,490,000 None Listed On Document
Riverside Collection Llc $3,490,000 None Listed On Document
Apartments Plus Inc $177,600 Attorney
Apartments Plus Inc $177,600 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Munro Keenan W $359,200
Previous Owner Riverside Collection Llc $266,139
Previous Owner Apartments Plus Inc $167,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2024 12/05/24 Sold $449,000 0.0% $150 / Sq Ft
10/30/2024 10/30/24 Pending -- -- --
10/11/2024 10/11/24 Price Changed $449,000 -6.3% $150 / Sq Ft
09/19/2024 09/19/24 Price Changed $479,000 -3.2% $160 / Sq Ft
08/26/2024 08/26/24 For Sale $495,000 -- $166 / 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
2026 $9,288 $443,866 $251,816 $192,050
2025 $4,877 $427,427 $233,654 $193,773
2024 $4,877 $427,427 $81,405 $346,022
2023 $4,785 $427,427 $81,405 $346,022
2022 $3,804 $343,735 $63,315 $280,420
2021 $3,283 $251,076 $45,225 $205,851
2020 $2,983 $212,966 $42,210 $170,756
2019 $2,711 $174,856 $42,210 $132,646
2018 $2,654 $174,856 $21,105 $153,751
2017 $2,487 $155,428 $10,552 $144,876
2016 $2,163 $110,495 $0 $0
2015 $2,294 $132,594 $0 $0
2014 $1,808 $70,415 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: realMLS (Northeast Florida Multiple Listing Service)

MLS Number: 2044234

realMLS (Northeast Florida Multiple Listing Service)

APN: 061328-0000