585 Washington STREET, New Smyrna Beach, FL, 32168 | $325,000

Duplex, Mixed Use in an Opportunity Zone- making it available for tax exchange. Historic Westside location, the present layout for a duplex, two electrics, two water, two natural gas meters, two separate entrances, 585 Washington Street, front entrance has been framed out layout, as a two bedroom, plus flex room, two bath, 304 Sheldon Entrance, two-bedroom, one bath. Additonal Vacant lot used for parking or you can build up to three more units or up to six suites that can be used for short term rentals, nightly, weekly, monthly or long term. A Mixed Use/commercial zoning allows building with a first-floor business, a bed and breakfast in the historic district overlay may provide parking waivers for businesses, bed and breakfast overlay, special parking district that allows for half of city parking requirements. New Smyrna Beach Historic District building height allows up to 72 feet. Properties across from the Babes James Community Recreational Center, the Splash Pad Park, walk to Pettis Park Sport Center area, covered pavilions with restroom facilities, a multi-purpose field, a double skate bowl, fitness stations, courts for basketball, pickleball, racquetball, tennis, and a playground. The Mary S Harrell Heritage Museum. Washington Street travels from the Historic Westside continuing east onto the North Causeway of Coronado Island over the North Drawbridge on to the beachside Flagler Avenue entrance to the ocean ramp. Flagler Ave has wonderful events, nightlife, restaurants, shops, walk, bike golf cart, to either downtown Flagler Avenue or Historic Canal Street, a mom and pop old Florida style festivals, sip and stroll wine and beer walks, antique and vintage fairs, art galleries, live music, classic oldie car events, farmers markets, gift shops, specialty boutiques, craft beer and wine bars, enjoy waterfront seafood restaurants by the city marina, dockage, bait and tackle shops, boat rentals, walk to Riverside Park to fish off the intercoastal waterway, their are walkways and fishing station areas. Brannon Center, an event space, concerts on the Riverside Park, all within minutes of this property. MLS# NS1081746 next door is a coastal cottage, MU in a short-term rental, same ownership can be three addresses as a package, prequalified proof of fund statement, only sellers local title company can be used for escrow and closing.

Features

  • Property Type: Mixed Use
  • Construction: HardiPlank Type
  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Sewer Connected
  • Heating: Central
  • Cooling: Central Air
  • Year Built: 1937
  • Approx Sq. Feet: 1,673
  • Acreage: 0.49
  • Est. Taxes: $2,746
  • Appliances: Microwave, Range, Refrigerator
  • MLS#: NS1082423
  • Days on Market: 53 days
  • Website: https://www.raveis.com
    /prop/NS1082423/585washingtonstreet_newsmyrnabeach_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/23/2024 6:24:50 AM)
Listing courtesy of BEACHSIDE REALTY OF VOLUSIA   Phone: 386-427-1212

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NMLS Mortgage Loan Originator ID 16953

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585 Washington STREET, New Smyrna Beach, FL, 32168

$325,000

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 $260,000 $260,000 $260,000
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 $229 $229 $229
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,752 $1,728 $2,193
Total Monthly Payment $2,056 $2,032 $2,497

* 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.