NOT LISTED FOR SALE

Estimated Value: $744,000 - $933,000

4 Beds
3 Baths
2,044 Sq Ft
$417/Sq Ft Est. Value

Last Sold August 13, 2024

Last sale price $848,500 $415 Per Sq Ft

Current estimated payment $5,327/month

14 Days on Market

Highlights

  • Spanish Architecture
  • No HOA
  • 3-minute walk to Davenport Park
  • Ketterlinus Elementary School Rated A
  • Central Heating and Cooling System

About This Home

As of August 2024

Discover a rare multi-family gem in the heart of Nelmar Terrace's Historic District! This stunning Spanish-colonial style triplex offers a 2-bedroom, 1-bathroom unit upstairs and two 1-bedroom, 1-bathroom units downstairs. Located just a mile from Vilano Beach and close to the famous downtown historic district, this property promises a prime location. Two units are currently listed on AirBnB, while the third is a long-term rental at below-market rates. Remodeled in 2018, all units feature modern updates within a historic charm. The roof, replaced in 2022, includes two metal sections and one flat roof. Plumbing and electrical systems were completely updated in 2019, and each unit has separate electric and water meters. The property is in a flood zone, with current hazard and flood insurance costing $5,671 per year. Don't miss this exceptional investment opportunity—own a piece of history with modern amenities and excellent rental potential! Contact your agent to schedule a viewing!

Last Agent to Sell the Property

MADISON BEALE

MOMENTUM REALTY License #3390430 Listed on: 06/14/2024

MOMENTUM REALTY

Last Buyer's Agent

Thomas Scott

LPT REALTY LLC License #3415277

LPT REALTY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,205

Year Built

  • Built in 1925

Lot Details

  • 8,712

Home Design

  • Spanish Architecture

Interior Spaces

  • 2,044 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 8,712 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Nelmar Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1542100000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,205

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1925
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.2
  • Subdivision Name: Nelmar Terrace
  • Architectural Style: Multi Generational, Spanish
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • General Property Information Living Area2: 2044.0
  • General Property Information Waterfront YN: No
  • General Property Information New Construction YN: No
  • Cooling Central Air: Yes
  • Water Source Public: Yes
  • General Property Information Accessibility Features YN2: No
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • General Property Information Senior Community YN: No
  • Architectural Style Spanish: Yes
  • General Property Information Lot Size Acres: 0.2
  • General Property Information Carport YN: No
  • Utilities Electricity Connected: Yes
  • Levels Two: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: None

Interior Features

  • Major Appliances: Dishwasher, Electric Cooktop, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Living Area: 2044.0
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Cooktop: Yes

Exterior Features

  • Waterfront: No
  • Pool Features: None

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other
  • General Property Information:Garage YN: No
  • Parking Features:Other10: Yes

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 8712.0
  • Parcel #: 1542100000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8204.67
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2024
Closed on
Aug 13, 2024
Sold by
Beale Jason Andre
Bought by
Velarde William C and Velarde Jonathan
Seller's Agent
MADISON BEALE
MOMENTUM REALTY
Buyer's Agent
Thomas Scott
LPT REALTY LLC
List Price
$850,000
Sold Price
$848,500
Premium/Discount to List
-$1,500
-0.18%
Views
16
Current Estimated Value
$852,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,704
Avg. Annual Appreciation
0.44%
Original Mortgage
$763,650
Outstanding Balance
$756,491
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$95,713

Purchase Details

Listed on
Jul 19, 2017
Closed on
Jul 18, 2017
Sold by
Mcginnis Arthur J and Burk Susan Mary
Bought by
Beale Jason Andre
Seller's Agent
NON MLS
NON MLS (realMLS)
Buyer's Agent
DJ DellaSala
DJ & LINDSEY REAL ESTATE
List Price
$345,000
Sold Price
$345,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.57%
Original Mortgage
$276,000
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 2005
Sold by
Margolis Brian and Margolis Petro
Bought by
Mcginnis Arthur J and Burk Susan Mary

Purchase Details

Closed on
Jul 6, 2001
Sold by
Taylor Carol A
Bought by
Margolis Brian and Paige Petra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
7.17%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Velarde William C $848,500 Attorneys Title Services
Beale Jason Andre $345,000 Island Title
Mcginnis Arthur J $370,000 Associated Land Title Group
Margolis Brian $240,000 Land Title Of America Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velarde William C $763,650
Previous Owner Beale Jason A $286,000
Previous Owner Beale Jason Andre $333,575
Previous Owner Beale Jason Andre $276,000
Previous Owner Margolis Brian P $220,500
Previous Owner Margolis Brian $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2024 08/13/24 Sold $848,500 -0.2% $415 / Sq Ft
06/14/2024 06/14/24 For Sale $850,000 +146.4% $416 / Sq Ft
12/17/2023 12/17/23 Off Market $345,000 -- --
07/19/2017 07/19/17 Sold $345,000 0.0% $159 / Sq Ft
07/19/2017 07/19/17 Pending -- -- --
07/19/2017 07/19/17 For Sale $345,000 0.0% $159 / Sq Ft
07/18/2017 07/18/17 Sold $345,000 -12.4% --
07/17/2017 07/17/17 Pending -- -- --
01/05/2017 01/05/17 For Sale $394,000 -- --
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 $8,205 $558,575 $314,280 $244,295
2024 $8,205 $524,361 $314,280 $210,081
2023 $8,205 $520,910 $314,280 $206,630
2022 $7,474 $468,647 $246,396 $222,251
2021 $6,346 $320,747 $0 $0
2020 $6,446 $323,326 $0 $0
2019 $6,367 $310,378 $0 $0
2018 $3,490 $218,453 $0 $0
2017 $4,914 $235,741 $86,427 $149,314
2016 $4,713 $234,307 $0 $0
2015 $4,577 $213,006 $0 $0
2014 $4,085 $193,642 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: realMLS (Northeast Florida Multiple Listing Service)

MLS Number: 2031631

realMLS (Northeast Florida Multiple Listing Service)

APN: 154210-0000