tomo logo

$325,000

Beds
3
Baths
3.0
sq ft
2,192

179 S Duval Ave, Madison, FL 32340

179 S Duval Ave

MADISON, FL 32340

  • 147 days on market
    • Price drop $10,000↓
Welcome to this charming historic property in the heart of Madison, a thriving town brimming with opportunity. Offering a perfect blend of residential and commercial potential, this versatile home is ideal for entrepreneurs seeking a storefront while still enjoying the comfort of home. Currently, the front portion operates as a well-established crystal shop, while the back offers a cozy living space for the owners. With 3 spacious bedrooms, 3 bathrooms, and 2,192 square feet of living space, this home provides ample room for both personal and business needs. The expansive front porch invites customers and passersby, offering the perfect setting for customer interactions or simply unwinding after a busy day. The tranquil meditation garden in the backyard is a serene retreat, offering peaceful solitude for relaxation or inspiration. Beyond the main house, a detached building features three dorm-style apartments, one of which is currently leased month-to-month, offering immediate rental income. These apartments have significant income potential, with the possibility of renovation to increase rents or conversion into office spaces to complement your business. Located just blocks from downtown Madison, with its vibrant dining and shopping scene, this property sits on over half an acre of land, offering further expansion potential. Whether you wish to continue with a mixed-use model, transform it into a full residential retreat, or focus entirely on commercial opportunities, this historic gem is a rare find with immense income-generating possibilities. Don't miss your chance to own a piece of Madison's history while securing your financial future. Bonus: The seller will replace the roof before closing with an acceptable offer!

Details

Property type

Single Family Residence

Est. home value

$193,790

Lot size

0.52 acres

Price per sq ft

$149

Year built

1870

Annual property taxes

$2,717.31

HOA

No

Price History

08/22/2024
StellarMLS

StellarMLS #GC524101

Price change
$325,000
-2.99%
07/30/2024
StellarMLS

StellarMLS #GC524101

Listed
$335,000
+235%
07/14/2020
Tallahassee

Tallahassee #311512

Sold
$100,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

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

Lender

Madison County Community Bank

Loan start date

July 2020

Original loan amount

$70,000

Est. remaining balance

Not provided

Interest rate

3.15%

Loan type

Purchase Money Mortgage, 30 year

Seller

Billie Joe Margraves

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: 12/24/2024 at 7:30 AM

Listing updated: 12/17/2024 at 8:39 AM

Listed by: Alex Harding, KELLER WILLIAMS GAINESVILLE REALTY PARTNERS Phone #: (352) 240-0600

MLS: StellarMLS #GC524101

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