103 S MAGNOLIA Avenue, Green Cove Springs, FL, 32043 | $799,000

Introducing The Dr Applegate House on 103 S Magnolia Avenue, a versatile property zoned for both residential and commercial use. This house is listed on the National Register of Historic Places as a contributing building in the Green Cove Springs Historic District.

The vernacular style home was built by 1887 and has been renovated and updated over the years while maintaining its historic charm and architectural details. Beyond the foyer you will step onto the home's original hardwood flooring and as you walk throughout each room you will appreciate its original trim work. A 4-point inspection was performed in 2023 verifying updated wiring and complete re-piping of the home. The metal roof is 6 years old, HVAC systems (2013, 2015, 2017), the 3rd floor has wall-mounted ductless mini split systems, and the water heaters were manufactured in 2019, 2020, 2021.

Currently utilized as an airBnB, The Dr Applegate House has also been an antique shop; and from 1997 until 2023 it was the areas only remaining Bed & Breakfast. You could utilize it as your primary residence, professional office(s), retail space or service establishment; the possibilities are many. This 3-level home has 8 bedrooms and 7 full bathrooms. The dining room is situated between the kitchen and sitting area. There are 2 laundry rooms on the first floor and 3 electric fireplaces on both the first and second levels. Enjoy the breeze and view of the St Johns River from the second level screened balcony or while seated on the first level porch swing. Entertain, relax or read a book in the screen enclosed gazebo. Situated on the west bank of the St. Johns River waterfront, within walking distance to restaurants and shoppes. Take a stroll along the river to the fishing pier, boat slips and scenic picnic areas. And, during the holidays meander through Spring Park's Parade of Trees, or admire their lights from the balcony. Spring Park is located across the street, home of the famous springs that brought so many to Green Cove in the 1800s. The spring water rises from the aquifer at a constant 77 degrees F, bubbling out of a manmade basin to flow into a massive swimming pool. Draining naturally at the far end of the pool, the slightly sulfuric waters create a winding spring run as they race downhill towards the St. Johns River. The Clay County Fairgrounds is just 5 minutes away. I-295 and I-95 are within 15 miles.

Features

  • Bedrooms: 8
  • Baths: 7 full
  • Lot Size: 75ft x 98ft
  • Laundry: Lower Level
  • Style: Historic
  • Year Built: 1887
  • Heating: Central
  • Cooling: Central Air, Multi Units
  • Approx Sq. Feet: 3,628
  • Acreage: 0.17
  • Lot Size: 75ft x 98ft
  • Est. Taxes: $9,914
  • Lot Desc: Corner Lot, Historic Area
  • View: River
  • Appliances: Dishwasher, Double Oven, Dryer, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Washer
  • MLS#: 2029173
  • Days on Market: 198 days
  • Website: https://www.raveis.com
    /prop/2029173/103smagnoliaavenue_greencovesprings_fl?source=qrflyer
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103 S MAGNOLIA Avenue, Green Cove Springs, FL, 32043

$799,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $639,200 $639,200 $639,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $826 $826 $826
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,306 $4,248 $5,390
Total Monthly Payment $5,224 $5,166 $6,308

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.