Patton Addn - 18758 NW 243RD TERRACE, High Springs, FL 32643, sold on October 18, 2022

Closed onOctober 18, 2022
List Price$219,500
Selling Price$185,000 ($225.06 / sqft)
Beds / Baths2 / 1.1
Square Feet822
Acre(s)0.24
SubdivisionPatton Addn
Year Built1940
MLS #505678
Courtesy ofBHHS FLORIDA REALTY - HIGH SPRINGS

Owner Financing Available (see terms below). Located in Historic High Springs' prime residential neighborhood featuring many of the towns' oldest homes, this property has two dwellings on a single parcel. The front, primary, house has two-bedrooms, one and a half baths, and was built in 1940 of wood inside and out. All walls, ceilings and floors (heart-pine) are of wood. A new HVAC was installed July 8th. Behind the house is a 2-story cottage with two garage spaces below, both with roll-up doors (one in front and one in back), and with two bedrooms and a bath upstairs. It also is built of the same materials as the house and in the same time period. Both have been rentals for many years. Last year they returned a gross income of $24,000. The streets beside this corner parcel carry very little traffic and are well away from busy, noisy highways. It's a nice place to take an afternoon stroll. The downtown business district is eight blocks away as is the post office, library and many popular shops and restaurants. The house and the cottage both have separate addresses and mailboxes. City water and sewer are connected. An ideal situation for the next owner could be to live in the house and rent out the cottage to help offset expenses. The demand for rental homes here is very strong. Owner financing is available with 25% down payment and an interest rate of 8.58% on a term of 30 years with a 5 year balloon payment of the remaining balance.