NOT LISTED FOR SALE

505 U S 98 Eastpoint, FL 32328

Estimated Value: $246,000 - $338,000

3 Beds
1 Bath
1,351 Sq Ft
$215/Sq Ft Est. Value

Last Sold February 02, 2012

Last sale price $30,000 $22 Per Sq Ft

Est. 868% increase in value since last sale

Current estimated payment $1,741/month

15 Days on Market

Highlights

  • Bay View
  • Corner Lot
  • Front Porch
  • Florida Architecture
  • No HOA
  • Living Room

About This Home

As of February 2012

Located on Highway 98, this old cottage is ready for an investor to pickup at a bargain and renovate for a tenant. In addition to the main house, there is an enclosed storage building on the property. This is a bank owned property being sold AS IS and no warranties given. Cash offers must be accompanied by a proof of funds letter.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,052

Year Built

  • Built in 1945

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 50 x 200
  • Property fronts a highway
  • Corner Lot

Home Design

  • Florida Architecture
  • Wood Foundation

Interior Spaces

  • 1,351 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Bay Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Driveway
  • Open Parking

Outdoor Features

  • Front Porch

Utilities

  • Central Air
  • Community Sewer or Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 3208S06W000000600000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,052

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Directions: Go west on Hwy 98. Property on left across from Barber's Seafood
  • Prop. Type: Residential
  • Building Stories: 1
  • Property Sub Type: Detached Single Family
  • Lot Size Acres: 0.23
  • Lot Size: 50 x 200
  • Road Frontage Type: County Road, Highway
  • Subdivision Name: No Named Subdivision
  • Architectural Style: Florida Cottage
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 1
  • Property Attached Yn: No
  • Year Built: 1945
  • NAV22_Room4Name: Additional Bedroom
  • NAV22_ResortRentalYN: No
  • NAV22_Room3Name: Additional Bedroom
  • NAV22_Room7Name: Full Bath
  • NAV22_Room2Name: Additional Bedroom
  • NAV22_BuildersWarrantyYN: No
  • NAV22_Room6Name: Living Room
  • NAV22_Room1Name: Front Porch
  • NAV22_Room5Name: Kitchen
  • Special Features: RealEstateOwned
  • Stories: 1

Interior Features

  • Appliances: None
  • Furnished: Unfurnished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1351

Exterior Features

  • Exclusions: none
  • Lot Features: Corner Lot
  • Other Structures: Yard Building
  • Pool Features: None
  • Pool Private: No
  • View: Bay, Water
  • View: Yes
  • Waterfront: No
  • Foundation Details: Wood
  • Property Condition: Construction Complete

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Electric
  • Sewer: Community Sewer
  • Utilities: Electricity Connected
  • Cooling Y N: Yes
  • Water Source: Other

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Additional Parcels: No
  • Parcel #: 3208S06W000000600000
  • Zoning Description: Residential Single Family
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2011
Closed on
Jan 3, 2012
Sold by
Us Bank National Association
Bought by
Barber David and Barber Stephanie
List Price
$34,500
Sold Price
$30,000
Premium/Discount to List
-$4,500
-13.04%
Total Days on Market
15
Current Estimated Value
$290,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,306
Avg. Annual Appreciation
18.15%

Purchase Details

Closed on
Oct 31, 2011
Sold by
Gelch Anthony L and Case #2010-Ca-000230
Bought by
The Bank Of New York

Purchase Details

Closed on
Dec 21, 2005
Sold by
Panther Holdings Of Northwest Florida Ll
Bought by
Gelch Anthony L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2005
Sold by
Richardson Guy
Bought by
Panther Holings Of Northwest Florida Llc

Purchase Details

Closed on
Aug 30, 2002
Sold by
Walters Ronald and Walters Dora M
Bought by
Sea Port Realty Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,300
Interest Rate
6.31%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Barber David $30,000 None Available
The Bank Of New York -- Attorney
Gelch Anthony L -- None Available
Panther Holings Of Northwest Florida Llc -- None Available
Sea Port Realty Inc $170,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gelch Anthony L $140,000
Previous Owner Sea Port Realty Inc $123,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2012 02/02/12 Sold $30,000 -13.0% $22 / Sq Ft
12/17/2011 12/17/11 Pending -- -- --
12/01/2011 12/01/11 For Sale $34,500 -- $26 / Sq Ft
Source: Forgotten Coast REALTOR® Association

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 $2,052 $180,689 $42,750 $137,939
2023 $1,850 $147,141 $42,750 $104,391
2021 $1,516 $106,188 $30,250 $75,938
2020 $1,498 $101,743 $30,250 $71,493
2019 $1,538 $102,357 $30,250 $72,107
2018 $1,670 $106,212 $0 $0
2017 $1,664 $106,212 $0 $0
2016 $1,642 $107,264 $0 $0
2015 $1,464 $107,264 $0 $0
2014 $1,406 $107,790 $0 $0
Source: Public Records

Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 245717

Forgotten Coast REALTOR® Association

APN: 32-08S-06W-0000-0060-0000

Florida Franklin County Eastpoint 32328

505 U S 98, Eastpoint, FL

This home is located at 505 U S 98, Eastpoint, FL 32328 since 01 December 2011 and is currently estimated at $290,306, approximately $214 per square foot. This property was built in 1945. 505 U S 98 is a home located in Franklin County with nearby schools including Franklin County 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.

Forgotten Coast REALTOR® Association Property information provided by the FCRA MLS – a service of the Forgotten Coast REALTOR® Association.

IDX information is provided exclusively for consumers’ personal, non-commercial use, and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.

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