$550,000
SOLD APR 29, 2019
12 Beds
8 Baths
6,362 Sq Ft
5,968 Sq Ft Lot

Recently Sold

$86 Per Sq Ft

37 Days on Market

Highlights

  • Detached Garage
  • Brick or Stone Veneer
  • Cooling System Mounted To A Wall/Window

About This Home

As of September 2021

TWO SOLID ALL BRICK QUAD PLEXES SIDE BY SIDE. This offering is for both 40 and 44 Cottage Ave. Phenomenal Cash Flow from these two strong income producing properties. Seller has experienced NEAR ZERO VACANCY since acquiring properties in 2008. One building is four 2 bedroom, 1 bath units. Second building is four 1 bedroom, 1 bath units. New roofs on both buildings installed in 2013. Property is within easy walking distance to bus stops, restaurants, pubs, laundry mat and the heart of all the amenities, culture and nightlife of downtown. Off street parking in rear of buildings. Hardwood floors and original trim work found throughout the buildings. An extremely convenient location makes this a highly desirable property for tenants. Please see documents for pro forma and surveys.

Last Agent to Sell the Property

BRIAN GABREE

RED CLOVER REALTY Listed on: 02/06/2019

Last Buyer's Agent

JON BROOKS

MOMENTUM REALTY License #3331689

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,465

Year Built

  • Built in 1936

Lot Details

  • Lot Dimensions are 106' x 110'

Parking

  • Detached Garage

Home Design

  • Quadruplex
  • Brick or Stone Veneer
  • Shingle Roof

Interior Spaces

  • 6,362 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Electric Water Heater

Community Details

  • 8 Units
  • Springfield Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0730720520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,465

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Year Built: 1936
  • Property Sub Type: Quadruplex
  • Lot Size: 106' x 110'
  • Road Surface Type: Asphalt
  • Subdivision Name: Springfield
  • General Property Information Living Area2: 6362.0
  • General Property Information Waterfront YN: No
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • Appliances Refrigerators: Yes
  • General Property Information Stories Total: 2
  • Cooling WallWindow Unit(s): Yes
  • General Property Information Number Of Units Total2: 8.0
  • General Property Information:Pool Private YN: No
  • Special Features: None

Interior Features

  • Major Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Full Bathrooms: 8
  • Total Bedrooms: 12
  • Living Area: 6362.0
  • Stories: 2
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Electric Oven: Yes

Exterior Features

  • Waterfront: No
  • Roof: Shingle
  • Pool Features: None
  • Construction Type: Brick Veneer
  • Construction Materials:Brick Veneer: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached
  • Parking Features:Detached: Yes
  • Parking Features:Other10: Yes

Utilities

  • Utilities: Separate Electric Meters, Separate Water Meters
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 0730720520

Multi Family

  • Number Of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2021
Closed on
Sep 7, 2021
Sold by
Anderson Benjamin J and Anderson Emily S
Bought by
Pires Erica
Seller's Agent
DANIEL DANYUS
UNITED REAL ESTATE GALLERY
Buyer's Agent
SARAH STREETER
HERRON REAL ESTATE LLC
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%
Current Estimated Value
$556,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,347
Avg. Annual Appreciation
7.21%
Original Mortgage
$301,000
Outstanding Balance
$275,887
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$289,352

Purchase Details

Listed on
Feb 6, 2019
Closed on
Apr 26, 2019
Sold by
Cottage Avenue Llc
Bought by
Anderson Benjamin J and Anderson Emily S
Seller's Agent
BRIAN GABREE
RED CLOVER REALTY
Buyer's Agent
JON BROOKS
MOMENTUM REALTY
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.90%
Original Mortgage
$225,000
Interest Rate
4.2%
Mortgage Type
New Conventional
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $430,000 Attorney
Warranty Deed $300,000 Attorney
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $301,000 New Conventional
Previous Owner $225,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2023 12/17/23 Off Market $430,000 -- --
12/17/2023 12/17/23 Off Market $550,000 -- --
09/07/2021 09/07/21 Sold $430,000 -4.4% $123 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
06/28/2021 06/28/21 For Sale $450,000 -18.2% $129 / Sq Ft
04/29/2019 04/29/19 Sold $550,000 0.0% $86 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
02/06/2019 02/06/19 For Sale $550,000 -- $86 / 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 $7,465 $376,664 $61,857 $314,807
2024 $7,244 $377,275 $56,074 $321,201
2023 $7,244 $383,576 $46,322 $337,254
2022 $6,169 $319,650 $37,789 $281,861
2021 $5,663 $285,356 $34,132 $251,224
2020 $5,216 $255,086 $32,669 $222,417
2019 $4,473 $226,927 $25,599 $201,328
2018 $2,947 $132,706 $21,942 $110,764
2017 $2,771 $120,754 $18,285 $102,469
2016 $2,553 $99,788 $0 $0
2015 $2,435 $93,228 $0 $0
2014 $2,368 $94,509 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: realMLS (Northeast Florida Multiple Listing Service)

MLS Number: 978229

realMLS (Northeast Florida Multiple Listing Service)

APN: 073072-0520