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$550,000

Beds
2
Baths
2.5
sq ft
1,350

5650 A1a S Unit C218, Saint Augustine, FL 32080

5650 A1a S Unit C218

St Augustine, FL 32080

  • 198 days on market
Amazing Rental Opportunity! Welcome to this turn-key, fully furnished 2-bed, 2.5-bathroom condominium at 5650 A1A South, Unit C218, in Saint Augustine, FL. This property spans 1,350 square feet and features THREE balconies that provide tranquil ocean views, making it the perfect setting for relaxation and entertainment! The condo has recently been updated to include modern amenities such as a new stove, dryer, ceiling fans, light fixtures, and a garbage disposal. Each bathroom now has new GFCI outlets for safety, and the kitchen boasts up-to-date appliances, including a refrigerator installed in 2024. The HVAC system, replaced in 2019, is under a service contract for optimal comfort. The sellers have already paid the $8,000 assessment. Please see the documents section to see what is being repaired. The kitchen's functionality is enhanced with Corian countertops and soft-close drawers, and the exterior doors have been repainted to meet HOA stand Island House is a close-knit community with just 60 units, offering a pool, clubhouse with recreational facilities like ping pong and shuffleboard, and direct beach access via Mary Street. Please refer to the features sheet in the documents section to see a full list of all updates. Situated near historic downtown St. Augustine, the Amphitheater, and St. Augustine Beach, the location is perfect for enjoying local attractions. HOA fees cover utilities like cable, sewer, trash, and water, ensuring a hassle-free lifestyle. This property is an excellent opportunity for investors, featuring a one-week minimum rental policy and an onsite EV charging station with individual billing. Encased in a durable concrete block structure, 5650 A1A South, Unit C218 is a superb choice for those seeking a blend of investment potential and coastal enjoyment.

Details

Property type

Condominium

Est. home value

$459,484

Lot size

Unknown

Price per sq ft

$408

Year built

1975

Annual property taxes

$4,461.66

Monthly HOA fee

$685

Price History

05/09/2024
RealMLS

RealMLS #2024791

Listed
$550,000
+27.91%
02/06/2023
RealMLS

RealMLS #1173796

Sold
$430,000

Schools & Community

Elementary school: 

W. D. Hartley

Middle school: 

Gamble Rogers

High school: 

Pedro Menendez

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

$253,398
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$252,602
Cash to seller
$253,398

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

February 2023

Original loan amount

$258,000

Est. remaining balance

$252,602

Interest rate

6.27%

Loan type

New Conventional, 30 year

Seller

Kathleen A Groat and Robert H Groat

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?

Status: Active

Tomo last checked: 11/22/2024 at 7:05 PM

Listing updated: 11/12/2024 at 4:18 PM

Listed by: ELIZABETH F KELLY, ENDLESS SUMMER REALTY Phone #: (904) 461-8878

MLS: RealMLS #2024791

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