NOT LISTED FOR SALE

4901 NE 240 Terrace Melrose, FL 32666

Estimated Value: $161,055 - $225,000

1 Bed
1 Bath
1,016 Sq Ft
$191/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $119,600 $118 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $1,179/month

111 Days on Market

Highlights

  • Waterfront
  • No HOA
  • Eat-In Kitchen
  • 2 Acre Lot
  • Covered Patio or Porch
  • Tankless Water Heater

About This Home

As of July 2021

**JUST REDUCED ** Rare opportunity to have a turn key home with 2 acres with a currently working farm. This land has been colorfully transformed and is already producing healthy soil and rows of vegetable, herbs, fruit ect, property has a fully enclosed privacy fence and completely irrigated. The 1/1 home has been completely remodeled, floors, kitchen, 2 mini split a/c heating units, walk in custom built cooler, etc. This is a exciting opportunity to buy a working farm that could generate extra money and be self sustaining. The location is just minutes from Historic Melrose Florida. Melrose is surrounded by lakes and you are just blocks from access to 6000 acre Lake Sante Fe. Melrose life is quaint, charming, very desirable one light town which has plenty of restaurants, shopping, live bands, art centers 2 parks with playgrounds and an old timey bait / gas station where people meet and get to know there neighbors. Home is centrally located between Gainesville and palatka and a short commute to Ocala. Come be a part of our Historic town and it''s laid back lifestyle.

Last Agent to Sell the Property

Carl Buz

FLORIDA HOMES REALTY & MORTGAGE License #3431256 Listed on: 02/09/2021

FLORIDA HOMES REALTY & MORTGAGE

Last Buyer's Agent

Thomas Mastin

BOSSHARDT REALTY SERVICES LLC License #3338128

BOSSHARDT REALTY SERVICES LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $918

Year Built

  • Built in 1950

Lot Details

  • 2 Acre Lot
  • Waterfront
  • Dirt Road
  • Wood Fence

Home Design

  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,016 Sq Ft Home
  • Laminate Flooring

Kitchen

  • Eat-In Kitchen
  • Oven

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Chester Shell Elementary School
  • Hawthorne Middle/High School

Utilities

  • Mini Split Air Conditioners
  • Tankless Water Heater
  • Septic Tank

Additional Features

  • Covered Patio or Porch
  • Shed Row

Community Details

  • No Home Owners Association
  • Melrose Subdivision

Listing and Financial Details

  • Assessor Parcel Number 18881-000-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$918

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Other
  • Construction Materials: Frame, Wood Siding
  • Living Area: 1016
  • Lot Size Acres: 2
  • Year Built: 1950
  • Lot Size Sq Ft: 87120
  • Directions to Property: From light drive west to left on 219-a then left on 240 terr veer right then straight to property on Left.
  • Status: Sold
  • Street Direction: NE
  • ResoBuildingAreaSource: PublicRecords
  • List Office Head Office Key Nume: 555141553
  • RATIO Current Price By Calculate: 117.72
  • Total Acreage: 2 to less than 5
  • Barn Features: Shed-Row
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate
  • Full Bathrooms: 1
  • Interior Amenities: Eat-in Kitchen, Other
  • Appliances Included: Oven, Tankless Water Heater
  • Total Bedrooms: 1
  • Street Number Modifier: 4901
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 94.39
  • Room Count: 1

Exterior Features

  • Roof: Shingle
  • Pool Private: No
  • Waterfront: Yes
  • Patio and Porch Features: Covered
  • Road Surface Type: Dirt
  • Disclosures: None

Garage/Parking

  • Garage Yn: No
  • Parking Features: None

Utilities

  • Cooling: Mini-Split Unit(s)
  • Sewer: Septic Tank

Condo/Co-op/Association

  • Association: No
  • Association Fee Requirement: None

Schools

  • Elementary School: Chester Shell Elementary School-AL
  • High School: Hawthorne Middle/High School-AL
  • Middle Or Junior School: Hawthorne Middle/High School-AL

Lot Info

  • Parcel Number: 18881-000-000
  • Fencing: Wood
  • Lot Features: Other
  • Homestead YN: 0
  • Lot Size Square Meters: 8094

Tax Info

  • Tax Annual Amount: 918

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2021
Closed on
Jul 30, 2021
Sold by
Kornegay Pamela E and Kornegay Napoleon W
Bought by
Price Stefan Jacob and Heilman Alexa Nicole
Seller's Agent
Carl Buz
FLORIDA HOMES REALTY & MORTGAGE
Buyer's Agent
Thomas Mastin
BOSSHARDT REALTY SERVICES LLC
List Price
$129,900
Sold Price
$119,600
Premium/Discount to List
-$10,300
-7.93%
Current Estimated Value
$193,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,164
Avg. Annual Appreciation
9.08%
Original Mortgage
$95,680
Outstanding Balance
$87,971
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$82,401

Purchase Details

Closed on
Mar 4, 2014
Sold by
Hedin Eric C and Hedin Tina L
Bought by
Kornegay Pamela E and Kornegay Napoleon W

Purchase Details

Closed on
Jun 17, 2005
Sold by
Garraghan Lucille
Bought by
Hedin Eric C and Hedin Tina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,918
Interest Rate
5.88%
Mortgage Type
FHA

Purchase Details

Closed on
May 13, 2005
Sold by
Garraghan Lucille
Bought by
Hardison Luke M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,918
Interest Rate
5.88%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 18, 2004
Sold by
Levine Norman
Bought by
Garraghan Lucille
Source: Public Records

Range of Values:

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
Price Stefan Jacob $119,600 Attorney
Kornegay Pamela E $16,000 Attorney
Hedin Eric C $35,500 Chicago Title Insurance Co
Hardison Luke M $70,000 Chicago Title Insurance Co
Garraghan Lucille $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Price Stefan Jacob $95,680
Previous Owner Hardison Luke M $68,918
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2022 01/10/22 Off Market $119,600 -- --
07/30/2021 07/30/21 Sold $119,600 -7.9% $118 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $129,900 -- $128 / 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
2024 $1,477 $103,173 -- --
2023 $1,477 $100,168 $0 $0
2022 $1,395 $97,250 $50,000 $47,250
2021 $984 $36,119 $20,000 $16,119
2020 $957 $36,119 $20,000 $16,119
2019 $892 $35,256 $20,000 $15,256
2018 $766 $28,400 $20,000 $8,400
2017 $783 $28,400 $20,000 $8,400
2016 $743 $28,400 $0 $0
2015 $747 $28,400 $0 $0
2014 $845 $32,100 $0 $0
2013 -- $32,100 $30,000 $2,100
Source: Public Records

Agents Affiliated with this Home

  • Carl Buz

    Seller's Agent in 2021

    Carl Buz

    FLORIDA HOMES REALTY & MORTGAGE

    (352) 327-0535

    17 in this area

    84 Total Sales

    Carl Buz
    Section Image
  • Thomas Mastin

    Buyer's Agent in 2021

    Thomas Mastin

    BOSSHARDT REALTY SERVICES LLC

    (352) 339-0055

    1 in this area

    48 Total Sales

    Thomas Mastin
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: GC441463

Stellar MLS

APN: 18881-000-000

Florida Alachua County Melrose 32666

4901 NE 240 Terrace, Melrose, FL

This home is located at 4901 NE 240 Terrace, Melrose, FL 32666 since 09 February 2021 and is currently estimated at $193,764, approximately $190 per square foot. This property was built in 1950. 4901 NE 240 Terrace is a home located in Alachua County with nearby schools including Chester Shell Elementary School and Hawthorne Middle/High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS 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. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes