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$799,000

Beds
8
Baths
7.0
sq ft
3,628

103 S Magnolia Ave, Green Cove Springs, FL 32043

103 S Magnolia Ave

Green Cove Springs, FL 32043

  • 125 days on market
    • Price drop $76,000↓
Introducing The Dr Applegate House on 103 S Magnolia Avenue, a versatile property zoned for both residential and commercial use. This house is listed on the National Register of Historic Places as a contributing building in the Green Cove Springs Historic District. The vernacular style home was built by 1887 and has been renovated and updated over the years while maintaining its historic charm and architectural details. Beyond the foyer you will step onto the home's original hardwood flooring and as you walk throughout each room you will appreciate its original trim work. A 4-point inspection was performed in 2023 verifying updated wiring and complete re-piping of the home. The metal roof is 6 years old, HVAC systems (2013, 2015, 2017), the 3rd floor has wall-mounted ductless mini split systems, and the water heaters were manufactured in 2019, 2020, 2021. Currently utilized as an airBnB, The Dr Applegate House has also been an antique shop; and from 1997 until 2023 it was the areas only remaining Bed & Breakfast. You could utilize it as your primary residence, professional office(s), retail space or service establishment; the possibilities are many. This 3-level home has 8 bedrooms and 7 full bathrooms. The dining room is situated between the kitchen and sitting area. There are 2 laundry rooms on the first floor and 3 electric fireplaces on both the first and second levels. Enjoy the breeze and view of the St Johns River from the second level screened balcony or while seated on the first level porch swing. Entertain, relax or read a book in the screen enclosed gazebo. Situated on the west bank of the St. Johns River waterfront, within walking distance to restaurants and shoppes. Take a stroll along the river to the fishing pier, boat slips and scenic picnic areas. And, during the holidays meander through Spring Park's Parade of Trees, or admire their lights from the balcony. Spring Park is located across the street, home of the famous springs that brought so many to Green Cove in the 1800s. The spring water rises from the aquifer at a constant 77 degrees F, bubbling out of a manmade basin to flow into a massive swimming pool. Draining naturally at the far end of the pool, the slightly sulfuric waters create a winding spring run as they race downhill towards the St. Johns River. The Clay County Fairgrounds is just 5 minutes away. I-295 and I-95 are within 15 miles.

Details

Property type

Single Family Residence

Est. home value

$747,556

Lot size

7,361.64 sq ft

Price per sq ft

$221

Year built

1887

Annual property taxes

$9,914.17

Price History

08/22/2024
RealMLS

RealMLS #2029173

Price change
$799,000
-8.69%
06/07/2024
RealMLS

RealMLS #2029173

Listed
$875,000
+34.62%
08/27/2021
RealMLS

RealMLS #1106588

Sold
$650,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$249,179
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$485,901
Cash to seller
$249,179

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2021

Original loan amount

$520,000

Est. remaining balance

$485,901

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Robert F Riedle Ii and Leyda M Riedle

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/18/2024 at 9:45 PM

Listing updated: 09/05/2024 at 4:25 PM

Listed by: MARCELLUS HEATH, ONE SOTHEBY'S INTERNATIONAL REALTY Phone #: (305) 666-0562

MLS: RealMLS #2029173

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