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$470,000

Beds
2
Baths
1.5
sq ft
1,024

505 Upper 8th Ave S, Jacksonville Beach, FL 32250

505 Upper 8th Ave S

Jacksonville Beach, FL 32250

  • Pending
Charming 2-Bedroom Beach House in Jacksonville Beach. Located at 505 Upper 8th Ave South, Jacksonville Beach, FL 32250. Listing Price: $470,000 Discover your dream coastal retreat with this beautifully renovated 2-bedroom, 1.5-bathroom home, perfectly situated just 5 blocks from the pristine shores of South Jacksonville Beach. Whether you're searching for a serene personal getaway or a lucrative investment property, this charming house offers the best of both worlds. Prime Location: Nestled in the vibrant and sought-after South Jacksonville Beach neighborhood, this home is a mere 5-minute stroll to the sand and surf. Enjoy the convenience of nearby dining, shopping, and entertainment options. 5 min walk to Brunch Haus! Modern Renovations: Recently updated to blend modern comforts with beachy charm, this home boasts fresh paint, new flooring, and a completely renovated kitchen. The bright, open-concept living area invites natural light, creating a warm and welcoming atmosphere. Turnkey Investment: Currently operating as a successful Airbnb, this property offers an excellent opportunity for immediate income. The seller invites you to take over existing listings, allowing you to hit the ground running with a profitable short-term rental operation. Cozy Bedrooms: The two spacious bedrooms provide ample space for relaxation and rest. The master bedroom features an amazing balcony! Outdoor Oasis: Step outside to a private backyard oasis, perfect for outdoor dining, entertaining, or simply unwinding after a day at the beach. Zero-scaped yard for easy maintenance and resort style lounging! Move-In Ready: With all the major renovations completed, this home is ready for you to move in or continue as a rental with minimal effort. Furnishing are negotiable with successful offer! Parking and Storage: Driveway in front of house has space to hold two larger sized vehicles. The shed in the back has additional storage and conveys! Location Highlights: Proximity to Beach: Just a short walk to the South Jacksonville Beach, ideal for morning jogs, sunset strolls, and weekend relaxation. Neighborhood is safe and super friendly! Nearby Amenities: Enjoy easy access to local favorites like beachside cafes, trendy boutiques, and bustling nightlife. Community Vibes: Jacksonville Beach is renowned for its friendly, safe, family community, excellent schools, and year-round events and activities. Come to join the beach lifestyle at South Jax Beach!

Details

Property type

Townhouse

Est. home value

$478,080

Property condition

Updated/Remodeled

Lot size

2,613.6 sq ft

Price per sq ft

$459

Year built

1986

Annual property taxes

$3,854.52

Price History

07/03/2024
RealMLS

RealMLS #2032603

Pending
$470,000
06/20/2024
RealMLS

RealMLS #2032603

Listed
$470,000
+76.69%
11/29/2017
RealMLS

RealMLS #884251

Sold
$266,000

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

$99,995
Asking price
$470,000
Closing costs (~8% of asking)
-$37,600
Est. remaining loan balance
-$332,405
Cash to seller
$99,995

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

Seller’s Loan History

Lender

Newrez Llc

Loan start date

March 2023

Original loan amount

$337,500

Est. remaining balance

$332,405

Interest rate

6.13%

Loan type

New Conventional, 30 year

Seller

Elliott Quinones and Miranda Quinones

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: Pending/Under Contract

Tomo last checked: 07/06/2024 at 12:35 AM

Listing updated: 07/02/2024 at 10:03 PM

Listed by: ELLIOTT QUINONES, FLORIDA'S CHOICE REALTY LLC Phone #: (352) 857-9748

MLS: RealMLS #2032603

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