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1022 Velma Street

1022 Velma Street, Jacksonville, FL 32205
Property in Hillcrest
Sold Jul 29, 2011
$55,000
$49,490 by Branch Banking And Trust Co
Mortgage Due Aug 01, 2041
Sold Feb 03, 2011
$22,600
1022 Velma Street in Jacksonville, FL was first built in 1952 and is 72 years old. Although, the building on the property was most recently renovated and altered in 1980. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1022 Velma Street has 1,140 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 4,638 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable or hip style roof made of materials that we aren't sure of. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as fair. The exterior walls of the home are made of concrete block. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1022 Velma Street sold most recently in Jul 28, 2011 for a total of $55,000. If you work out the math, that's approximately a cost of $47.37 per sqft. Before that, the property was also sold for $22,600 in Jan 12, 2011. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $639 in taxes each year. 1022 Velma Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $55,667. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,638
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,161
  • Gross Building Area: 1,161
  • Building Area: 1,140
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,140
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ALBEMARLE PARK
  • Land Acres: 0.107
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 11-48 19-2S-26E ALBERMARLE PARK LOT 4 BLK 3

Ownership

  • Current Owner : HARRIS CASEY L
  • Previous Owner : FLAGER TRACE III LLC
  • Owner Before Previous Owner: WELLS FARGO BANK N A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Duval County School District
  • Census Tract: 012202

Zoning

  • Zoning: CRO

Geography

  • Assessors Map Reference: 6419
  • Parcel: 060067-0000
  • Block: 3
  • Lot: 4
  • Meridian: SEC 19 TWN 02S RNG 26E
  • Municipality: CITY OF JACKSONVILLE
  • Latitude: 30.3076
  • Longitude: -81.7421

    Address

  • Full Address: 1022 Velma St
  • Address - House Number: 1022
  • Address - Street Name: Velma
  • Address - Suffix Type: St
  • State: FL
  • City Name: Jacksonville
  • Carrier Code: C019
  • 4-Digit Zip Code: 6231
  • Zip Code: 32205

Valuation

    Tax

  • Total Area: 1,108
  • Tax Year: 2022
  • Tax Amount: $639
  • Tax Rate Code Area: GS

    Appraisal Valuation

  • Standard Deviation: 0.2462
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 65
  • Final Value: 161,723
  • High Value: 201,556
  • Low Value: 121,891

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $49,490
  • First Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Open Lien Mortgage Recording Date: Jul 29, 2011
  • First Open Lien Mortgage Loan Amount: $49,490
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2041

    Market Valuation

  • Market Total Value: $69,109
  • Market Land Value: $9,276
  • Market Improvement Value: $59,833

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $55,667

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 28, 2011
  • Current Sale Recording Date: Jul 29, 2011
  • Current Sale Transaction ID: 1135121734
  • Current Sale Price: $55,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2011165673
  • Previous Sale Recording Date: Feb 03, 2011
  • Previous Sale Contract Date: Jan 12, 2011
  • Previous Sale Amount: $22,600
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Mortgage Transaction Date: Jul 29, 2011
  • First Mortgage Loan Amount: $49,490
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2041

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Frequently Asked Questions

What neighborhood is 1022 Velma Street located in?
The 1022 Velma Street is a located in the neighborhood of Hillcrest in Southwest Jacksonville, Jacksonville.
What is the average sales price for listings in 1022 Velma Street?
The average sales price for units in 1022 Velma Street is $0 currently.

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