$539,000
●
House -
Off Market
507 ARRICOLA Avenue
St Augustine, FL 32080
3 Beds
2 Baths
1,308 Ft²
$2,647
Est. Monthly
About This Property
Here is your opportunity to call Anastasia Island your home! Newly
and beautifully renovated in 2018 this 3 bedroom 2 bath solid
concrete block home has a spacious open kitchen with a gas stove
for those of us who love to cook! Lots of counter space and a
breakfast bar. The tiled master bathroom is very spacious with both
the option to take a nice long bath or shower. The high ceiling
extra large 2 car garage in the back yard that is being used as an
art studio/warehouse with a brand new garage door. This large space
could be converted into a apartment/inlaw suite with back access
from the very private ally road thats run along the back yard with
lots shade from mature happy cedar tees. Make this your cozy island
home and have a space for rental income!
Unit Size
1,308 Ft²
Days on Market
-
Land Size
-
Price per sqft
$412
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Real MLS #1223475)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2024 | No longer available | - | |
| No longer available | |||
| May 28, 2024 | Sold | ||
| Sold | |||
| Apr 3, 2024 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $449,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
| | |||
|
Living in St. Augustine, the location plays a crucial role. It's essential to have easy access to both downtown and the beach, and 507 Arricola is perfectly situated between both, making it a highly desirable location. This 3/2 concrete block home was beautifully remodeled in 2018, making it solid and cozy, just like a home should be. The home features a brand-new roof installed in 2023, a gas range for cooking enthusiasts, an open kitchen with a breakfast bar, and a spacious master bathroom with a tub and shower combo. The attached large two-car garage has high ceilings and is quite spacious, which the talented homeowner, who is also a popular artist, has used as a workshop and warehouse. The garage space could potentially be used to create a mother-in-law suite and vacation rental, providing a passive income. The house is situated on a large lot and shaded by mature cedar trees, adding to its charm. Great Investment opportunity in the heart of St Augustine!! Brand new roof!!
| |||
| Jan 24, 2024 | Listed by Atlantic Partners Realty St Augustine LLC | $489,000 | |
| Listed by Atlantic Partners Realty St Augustine LLC | |||
| | |||
|
Living In St. Augustine,The Location Plays A Crucial Role. It’s Essential To Have Easy Access To Both Downtown And The Beach,And 507 Arricola Is Perfectly Situated Between Both,Making It A Highly Desirable Location. This 3/2 Concrete Block Home Was Beautifully Remodeled In 2018,Making It Solid And Cozy,Just Like A Home Should Be. The Home Features A Brand-new Roof Installed In 2023,A Gas Range For Cooking Enthusiasts,An Open Kitchen With A Breakfast Bar,And A Spacious Master Bathroom With A Tub And Shower Combo. The Attached Large Two-car Garage Has High Ceilings And Is Quite Spacious,Which The Talented Homeowner,Who Is Also A Popular Artist,Has Used As A Workshop And Warehouse. The Garage Space Could Potentially Be Used To Create A Mother-in-law Suite And Vacation Rental,Providing A Passive Income. The House Is Situated On A Large Lot And Shaded By Mature Cedar Trees,Adding To Its Charm. Great Investment Opportunity In The Heart Of St Augustine!!brand New Roof! The manager has listed the unit size as 1308 square feet.
| |||
| Apr 23, 2023 | Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | $539,000 | |
| Listed by KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE | |||
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Property Highlights
Garage
Parking Available
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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About South Davis Shores
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Listed by: CHRISTOPHER ROPERO, KELLER WILLIAMS REALTY ATLANTIC PARTNERS ST. AUGUSTINE
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1223475
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1223475
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