420 N Reus St, Pensacola, FL 32501

3 beds1 bath1,147 sqft Edit

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Sold: $83,000
Sold on 05/01/14
Zestimate®: $106,484
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My Notes

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It's A New Year GROW YOUR INVESTMENTS$96,000. Optional Cash Closing Price for two properties {Save $1,500 420 N Reus St ($52,500) + 418 N Reus St ($45,000) for SEPARATE CASH CLOSINGSThese two parcels are located in the Historic North Hill District. They are blocks away from the Blues Site of Belmont & DeVilliers Streets, 5 Sisters & Blue Dot Restaurants. Both homes have a strong resilient red brick exterior that have prevailed through Florida's heat and hurricanes for over 60 years. There's no need for structural foundation rehab but interior cosmetic upgrades are needed and should satisfy even the most discriminant RE investor. Each home has an A/C condenser, HVAC and Hot water tank in good working order. Each home has good wiring with no visible damage to the roof.About 418 North Reus St: BUILT 1955 LOT SIZE 3,920 SFThis is the larger of the two properties on the smaller lot. It has a drive-way with off street parking. It has 3 bedrooms and 1.5 bathrooms. You will love the Bay Windows in the dining room and den. With restoration, the charm and beauty will return to this cozy urban cottage.Whatever your exit strategy; Buy & Flip, Buy & Hold or Buy one or rent/lease the other, these properties are in a prime location to grow your return on investment over time. You and your end buyers will love the location and proximity. You're only blocks away from restaurants, historic homes and churches, Henry W. Wyer City Park and the Pensacola Main Library. You are minutes away from Downtown Pensacola, and Wahoo Stadium.3 Lots, 2 Properties, 1 Cash Closing Price or Separate Cash Closings. START YOUR CASH FLOW!Get Ahead of the Urban Core Redevelopment Curve!Don't miss your opportunity to own a piece of history in Pensacola. These properties are in a prime location to grow your investments. BUY NOW, HEAVY CASH FLOW LATER  More Less 

Facts

  • Lot: 7,405 sqft
  • Single Family
  • Built in 1946
  • Views: 1,656 all time views
  • Cooling: Central
  • Heating: Forced air
  • Last sold: May 2014 for $83,000
  • Last sale price/sqft: $72

Features

  • Attic
  • Cable Ready
  • Ceiling Fan
  • Double Pane/Storm Windows
  • Fenced Yard
  • Fireplace
  • Flooring: Hardwood
  • Lawn
  • Over 55 living
  • Parking: Garage - Attached, Garage - Detached, Off street, On street, 1 space, 240 sqft

Additional Features

  • Living room

Appliances Included

  • Washer

Room Types

  • Dining room
  • Walk-in closet

Construction

  • Construction quality:
    6.0
    Provided by the county assessor, this grade is based on a scale that varies by market. For more information, or to update the grade, contact the county assessor's office.
  • Exterior material: Brick
  • Roof type: Shake Shingle
  • Stories: 1
  • Unit count: 1

Other

  • Floor size: 1,147 sqft
  • Last remodel year: 1946
  • Laundry: In Unit
  • Lot width: 60
  • Parcel #: 000S009010090014
  • Zillow Home ID: 44717449

Zestimate Details

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$106,484
+$2,742 Last 30 days
$94K
$120K
Zestimate range
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$859/mo
+$6 Last 30 days
$765
$1K
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1,656 all-time views
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95 forecasted views of this home
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Comparable Homes

Homes like this sold for $83-147K.

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Mortgages

Neighborhood: 32501

Zillow predicts 32501 home values will fall 0.5% next year, compared to a 2.6% rise for Pensacola as a whole. Among 32501 homes, this home is valued 46.3% more than the midpoint (median) home, and is valued 20% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 32501, the number of foreclosures waiting to be sold is 74.7% higher than in Pensacola, and 387.6% greater than the national average. This higher local number may prevent 32501 home values from rising as quickly as other regions in Pensacola.

Learn more about forecast calculations or 32501 home values.
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    Nearby Schools in Pensacola

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    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org