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$205,000

Beds
4
Baths
2.0
sq ft
2,359

123 Mellon Rd, Palatka, FL 32177

123 Mellon Rd

Palatka, FL 32177

  • 3 days on market
This 4-bedroom, 2-bathroom all-brick home is packed with potential! Situated on two spacious lots with access from Mellon Road and Arden Drive, it features modern updates like a tankless water heater and newer windows, plus a cozy fireplace. Within walking distance of Palatka High School, it's a prime location with no HOA. The property needs work but offers instant equity for those ready to take on a project. Outdoor amenities include a pole barn and a grill area. Whether you're seeking a family home, investment opportunity, or renovation project, this pre-foreclosure property is priced to sell quickly and offers endless possibilities.

Details

Property type

Single Family Residence

Est. home value

$267,916

Property condition

Fixer

Lot size

0.25 acres

Price per sq ft

$87

Year built

1970

Annual property taxes

$2,591.09

Price History

01/08/2025
RealMLS

RealMLS #2063516

Listed
$205,000
+36.76%
05/29/2020
RealMLS

RealMLS #1045767

Sold
$149,900

Schools & Community

Elementary school: 

Mellon

Middle school: 

Unknown

High school: 

Palatka

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

$59,544
Asking price
$205,000
Closing costs (~8% of asking)
-$16,400
Est. remaining loan balance
-$129,056
Cash to seller
$59,544

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

Seller’s Loan History

Lender

Iberiabank

Loan start date

May 2020

Original loan amount

$142,405

Est. remaining balance

$129,056

Interest rate

3.5%

Loan type

New Conventional, 30 year

Seller

David Sean Wade and Constance Renee Wade

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: 01/11/2025 at 10:40 AM

Listing updated: 01/09/2025 at 9:06 AM

Listed by: DAVID COOL, COOL REALTY LLC Phone #: (904) 602-5555

MLS: RealMLS #2063516

RealMLS logo

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