NOT LISTED FOR SALE

Estimated Value: $740,803

2 Beds
4 Baths
1,928 Sq Ft
$384/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $445,000 $231 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,567/month

289 Days on Market

Highlights

  • Bay View
  • Traditional Architecture
  • Home Office
  • Pensacola High School Rated A-
  • No HOA
  • Double Pane Windows

About This Home

As of July 2019

Rare downtown opportunity to own a mixed use investment property or enjoy a live/work arrangement! This property could also be converted into one two-story residential property. See the Attachments and Media section in this listing for conceptual drawings. The building is fully leased through July 31, 2019. The first floor is office space and the second floor is a two-bedroom apartment. Both tenants have expressed interest in continuing their leases, should a new owner wish to use the property for investment purposes. The first floor office is approximately 924 square feet, with four private offices. Current tenants use four separate entrances on the first floor to accommodate their clients. A central hallway provides access to two restrooms, one with a shower. The second floor apartment is approximately 1,004 square feet with a separate first floor entrance. There are two bedrooms, a Jack-and-Jill style bathroom, kitchen, and large living/dining area. In addition, there are two balconies, one overlooks Government St. and the other faces the more private alleyway behind the building. Rental income and lease information is available upon request. Downtown Pensacola is thriving! Restaurants, retail and office buildings are within easy walking and biking distance. Be a part of the transformation that is happening to this great city! Please do not disturb the tenants. Their business requires privacy for their clients. Showings are by appointment only.

Last Agent to Sell the Property

Mike Mangrum

Coldwell Banker Commercial NRT Listed on: 03/08/2019

Coldwell Banker Commercial NRT

Last Buyer's Agent

Philip Ross

Flynn Built Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,436

Year Built

  • Built in 1988

Lot Details

  • 2,300 Sq Ft Lot

Home Design

  • Traditional Architecture
  • Cottage
  • Off Grade Structure
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,928 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Combination Dining and Living Room
  • Home Office
  • Laminate Flooring
  • Bay Views

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • Side or Rear Entrance to Parking
  • Driveway
  • On-Street Parking

Schools

  • Global Learning Academy Elementary School
  • Workman Middle School
  • Pensacola High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Crown Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 000S009013000010

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,436

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Stories: 2
  • Parcel Number: 000S009013000010
  • Property Type: Residential
  • Year Built: 1988
  • Electric: Circuit Breakers, Copper Wiring
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.0528
  • Road Surface Type: Paved
  • Subdivision Name: Crown Cove
  • Directions: From downtown Pensacola, head East on Government. Pass Historic Seville Square and the property will be a couple blocks down on the right.
  • Architectural Style: Cottage, Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Water Heater, Electric Water Heater
  • Full Bathrooms: 1
  • Half Bathrooms: 3
  • Total Bedrooms: 2
  • Flooring: Laminate
  • Interior Amenities: Office/Study
  • Living Area: 1928
  • Window Features: Double Pane Windows
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Living/Dining Combo
  • Room Office Area: 202.5
  • Room Office Level: First
  • Room Kitchen Features: Not Updated

Exterior Features

  • Roof: Shingle
  • Pool Features: None
  • View: Bay, Water
  • View: Yes
  • Construction Type: Frame
  • Foundation Details: Off Grade
  • Property Condition: Resale

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway, Front Entrance, Rear Entrance, On Street

Utilities

  • Heating: Multi Units, Central
  • Cooling: Multi Units, Heat Pump, Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Global Learning Academy
  • High School: Pensacola
  • Middle Or Junior School: Workman

Lot Info

  • Lot Size Sq Ft: 2299.968
  • Zoning Description: City,Historical
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 15, 2022
Sold by
Genesis Properties And Development Of Pe
Bought by
Rubin Enterprises Llc
Current Estimated Value
$740,803

Purchase Details

Listed on
Mar 8, 2019
Closed on
Jul 17, 2019
Sold by
Pede Lawrence J and Pede Lawrence J
Bought by
Genesis Prop & Dev Of Penscaola Llc
Seller's Agent
Mike Mangrum
Coldwell Banker Commercial NRT
Buyer's Agent
Philip Ross
Flynn Built Realty
List Price
$485,000
Sold Price
$445,000
Premium/Discount to List
-$40,000
-8.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.62%
Original Mortgage
$356,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2017
Bought by
Pede Lawrence J Pede Lawrence

Purchase Details

Closed on
Apr 4, 2003
Sold by
Bordelon Peggy E
Bought by
Pede Lawrence J and Pede Judith M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.62%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Rubin Enterprises Llc $100 None Listed On Document
Genesis Prop & Dev Of Penscaola Llc $445,000 Attorney
Pede Lawrence J Pede Lawrence $100 --
Pede Lawrence J $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Genesis Prop & Dev Of Penscaola Llc $356,000
Previous Owner Pede Lawrence J $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2019 07/26/19 Sold $445,000 -2.2% $231 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
06/12/2019 06/12/19 Price Changed $455,000 -4.2% $236 / Sq Ft
05/30/2019 05/30/19 Price Changed $475,000 -2.1% $246 / Sq Ft
09/01/2018 09/01/18 For Sale $485,000 -- $252 / Sq Ft
Source: Pensacola Association of REALTORS®

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 $7,436 $453,917 $101,200 $352,717
2023 $7,436 $439,217 $101,200 $338,017
2022 $6,705 $412,242 $110,000 $302,242
2021 $6,118 $349,113 $0 $0
2020 $5,655 $326,870 $0 $0
2019 $3,989 $234,945 $0 $0
2018 $3,633 $204,754 $0 $0
2017 $3,558 $197,030 $0 $0
2016 $3,521 $192,360 $0 $0
2015 $3,423 $184,543 $0 $0
2014 $3,480 $185,576 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 550230

Pensacola Association of REALTORS®

APN: 00-0S-00-9013-000-010