tomo logo

$849,000

Beds
4
Baths
4.0
sq ft
2,230

259 Riberia St, Saint Augustine, FL 32084

259 Riberia St

St Augustine, FL 32084

  • 46 days on market
    • Price drop $50,000↓
Fantastic investment opportunity in the Historic Lincolnville District! This side-by-side duplex offers flexibility—rent out both units, or live in one and lease the other. Each two-story unit features an identical layout, with 1 bedroom and 1 bath on each floor. The downstairs level includes a bedroom, bath, washer/dryer, durable vinyl flooring and a private entrance to the backyard. Upstairs, you'll find a spacious bedroom and bath, a kitchen with granite countertops, stainless steel appliances, stainless steel large single basin sink, large kitchen island with bar seating, a large living room, vaulted ceilings, oak wood floors and a balcony overlooking Riberia Street. Each unit also has its own pavered walkway to a private entrance, pavered driveway parking space, a 1-car garage and a gated entry to the backyard. This property is loaded with charm and modern touches, including a painted metal roof, designer tile in the kitchens and baths, LED light fixtures, cordless blinds and fresh paint. Recent updates include refinished oak floors upstairs, new horizontal front fencing with two gates, new back doors, new interior and exterior door knobs and freshly painted trim in the stairwells. Each garage is 11.5 feet high with storage above the bay. With long-term rental potential estimated at $2,300-$2,700 per unit and projected short-term rental revenue around $100,000 annually (per AirDNA), this property is a prime income-generating asset. Zoned RG-1 with no rental restrictions, it qualifies for nightly rentals per City of St. Augustine zoning regulations. Great location close to Ice Plant, St. Augustine Distillery, St. Augustine Fish Camp, San Sebastian Winery and Eddie Vickers park that includes a public swimming pool! Don't miss out on this versatile and profitable property!

Details

Property type

Single Family Residence

Est. home value

$824,647

Property condition

Updated/Remodeled

Lot size

4,791.6 sq ft

Price per sq ft

$381

Year built

2004

Annual property taxes

$10,463

Price History

12/03/2024
RealMLS

RealMLS #2055611

Price change
$849,000
-5.56%
11/08/2024
RealMLS

RealMLS #2055611

Listed
$899,000
+72.88%
09/13/2021
RealMLS

RealMLS #1118639

Sold
$520,000

Schools & Community

Elementary school: 

Ketterlinus

Middle school: 

Sebastian

High school: 

St. Augustine

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

Td Bank Na

Loan start date

December 2023

Original loan amount

$160,762

Est. remaining balance

Not provided

Interest rate

7.57%

Loan type

Credit Line (Revolving), 30 year

Seller

Jason Andrew Kindler

Lender

United Wholesale Mortgage

Loan start date

September 2021

Original loan amount

$390,000

Est. remaining balance

$361,760

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Jason Kindler and Tira Kindler

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: 12/22/2024 at 8:10 PM

Listing updated: 12/20/2024 at 12:41 PM

Listed by: SHERYL L NELSON, STA REALTY Phone #: (904) 377-4782

MLS: RealMLS #2055611

RealMLS logo

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