5301 Norwood Avenue

5301 Norwood Avenue has been categorized by the local assessors in Jacksonville, FL as a commercial type of property. The building on the property was first built in 1969 and is 55 years old. Residents will have access to 47 full bathrooms. There are 47 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5301 Norwood Avenue has 136,399 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 410,900 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a rigid frame bar style roof made of asphalt and ply sheets in a built-up roof style. The exterior walls of the building are made of concrete block. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with a packaged air conditioning unit at the moment. In terms of heating, it 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, 5301 Norwood Avenue sold most recently in Dec 20, 2021 for a total of $4,680,000. If you work out the math, that's approximately a cost of $33.59 per sqft. Before that, the property was also sold for $550,000 in Jul 19, 2020. 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 $62,279 in taxes each year. 5301 Norwood Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $3,193,000. If we break it down further, the land itself was valued at $1,003,622. Improvements to the property, however, were assessed at a total of $2,189,378. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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.