NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1911 Built

Last Sold January 25, 2022

Last sale price $969,500

104 Days on Market

About This Home

As of January 2022

Five unit apartment building in the heart of the Historic District with parking for all apartments "on site". With rental properties in such high demand and with its incredible central location, 8 Saragossa presents an excellent opportunity for an investor. The RG-1 zoning allows for nightly rentals and with parking available for tenants, the convenience for guests to park and walk the City is invaluable. There have been some updates made over the years such as central HVAC, roof, etc and recently the house was tented and has a transferrable bond. There are 5 electric meters and 5 water meters. The current owner has used the property with long term tenants. The main house is configured as a large three bedroom, one bath apartment downstairs with a large kitchen, dining room and living room. Upstairs facing Saragossa is a large one bedroom apartment with a fantastic porch overlooking the streetscape. Upstairs in back is a one bedroom, one bath apartment with kitchen and a private entrance. Separated in back is the detached two story cottage with each apartment on its own floor and with private porch entries. Configured as one bedroom and one bathroom. A little history - 8 Saragossa is located where numerous orange groves once thrived until Dr. Andrew Anderson, a prominent physician and civic leader acquired the property from his friend Henry Flagler and subdivided it in the late 1880's Soon after, residential building thrived and the neighborhood streets were all named after cities in Spain....hence Saragossa Location, convenience and flexible zoning make this property a strong opportunity to consider......

Last Agent to Sell the Property

Frank O'Rourke

One Sotheby's Int (A1A Beach) Listed on: 10/12/2021

Co-Listed By

Jennifer Holbrook

One Sotheby's Int (A1A Beach)

Last Buyer's Agent

Adam Haggerty

Florida Homes Realty & Mortgage

Florida Homes Realty & Mortgage

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • Lot Dimensions are 50 x 180

Parking

  • Private Parking

Home Design

  • Frame Construction
  • Stucco Exterior

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 206240-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Additional Marketing: Yes
  • Class: Multifamily
  • Construction: Frame, Stucco, Wood
  • Extras: Parking
  • Legal Description: 1-121 MODEL LAND CO SUBD CITY ANDERSON SUB OF LOT 1 BLK N LOT 8 OR562/768
  • Lvt Date: 10/13/2021
  • Type Of Property: Apartments (5+ Units)
  • Waste: Sewer
  • Year Built: 1911
  • Addnl Marketing Remarks: The main house is configured as a large three bedroom, one bath apartment downstairs with a large kitchen, dining room and living room. Upstairs facing Saragossa is a large one bedroom apartment with a fantastic porch overlooking the streetscape. Upstairs in back is a one bedroom, one bath apartment with kitchen and a private entrance. Separated in back is the detached two story cottage with each apartment on its own floor and with private porch entries. Configured as one bedroom and one bathroom. A little history - 8 Saragossa is located where numerous orange groves once thrived until Dr. Andrew Anderson, a prominent physician and civic leader acquired the property from his friend Henry Flagler and subdivided it in the late 1880's Soon after, residential building thrived and the neighborhood streets were all named after cities in Spain....hence Saragossa Location, convenience and flexible zoning make this property a strong opportunity to consider......
  • Marketing For Public Vw: Five unit apartment building in the heart of the Historic District with parking for all apartments "on site". With rental properties in such high demand and with its incredible central location, 8 Saragossa presents an excellent opportunity for an investor. The RG-1 zoning allows for nightly rentals and with parking available for tenants, the convenience for guests to park and walk the City is invaluable. There have been some updates made over the years such as central HVAC, roof, etc and recently the house was tented and has a transferrable bond. There are 5 electric meters and 5 water meters. The current owner has used the property with long term tenants.
  • Subdivision Condo: Model Land Co-St
  • Special Features: None
  • Property Sub Type: MultiFamily

Utilities

  • Water: City
  • Utilities Included: Maintenance, Trash

Lot Info

  • Lot Size: 50 x 180
  • Zoning: RG-1
  • Geo Subdivision: FL

Tax Info

  • Assessor Parcel Number: 206240-0000

Multi Family

  • Units: 5

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2022 01/25/22 Sold $969,500 +1.0% --
01/24/2022 01/24/22 Pending -- -- --
01/05/2022 01/05/22 Price Changed $960,000 +2.2% --
10/12/2021 10/12/21 For Sale $939,000 -- --
Source: St. Augustine and St. Johns County Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: St. Augustine and St. Johns County Board of REALTORS®

MLS Number: 217975

St. Augustine and St. Johns County Board of REALTORS®