424 EMMETT Street, Palatka, FL, 32177 | $440,000

Nestled in the heart of Palatka's Historic District, this property offers a unique opportunity to own a piece of history, with a new metal roof, renovated siding, and updated sheds, leaving the interior as a blank canvas for your creative vision. Whether you dream of turning this space into a cozy home, a stylish Airbnb, or a charming bed and breakfast, it's the perfect project for those looking to restore a historic property while taking advantage of the incredible potential of this prime location.
Step outside and be immersed in the charm of Palatka—just 30 seconds from the St. Johns River, this property offers a front-row seat to one of Florida's most scenic waterway vistas. With a bit of love and vision, the interior space can be transformed into a welcoming and modern retreat that retains the character and timeless appeal of its historic roots. From the updated roof and siding to the renovated sheds, the hard work has already been done outside, allowing you to focus your efforts inside, crafting a unique space that reflects your personal style. Key Features for the Lifestyle: Prime Historic Location: Situated in the heart of Palatka's Historic District, this property allows you to be part of a vibrant, small-town community steeped in history and culture. With beautiful, historic architecture surrounding you, the neighborhood offers a picturesque setting and a great place to call home or run a business. Riverfront Access: A 30-second walk from the St. Johns River, where you can enjoy activities like fishing, boating, and kayaking. The river is the perfect backdrop for those who enjoy outdoor adventures or simply wish to relax by the water. Outdoor Potential: The renovated sheds and outdoor space provide plenty of room for personal creativitywhether you want to add a garden, create a cozy courtyard, or design an outdoor entertaining area. The peaceful river views make this property ideal for enjoying Florida's natural beauty right from your own backyard. A Great Investment Opportunity: With its historic charm, the location is ideal for a short-term rental like an Airbnb or bed and breakfast. The proximity to local attractions makes this property a perfect destination for tourists visiting Palatka for its history, culture, and natural beauty. Nearby Attractions (within a few miles): Bronson-Mulholland House (~0. 5 miles): A beautifully preserved historic house from the 1800s offering tours that dive into the area's rich history and architecture. The gardens surrounding the house are perfect for an afternoon stroll. Putnam County Historical Museum (~0. 5 miles): A fascinating museum housed in the old courthouse, showcasing the area's rich cultural history and local events. Perfect for history buffs. St. Johns River Center & Palatka Marina (~1 mile): A scenic spot where you can enjoy riverfront views, rent a kayak, or fish along the water. Ideal for outdoor lovers. Ravine Gardens State Park (~3 miles): A must-see for nature enthusiasts, this park offers stunning ravines, native plants, and hiking trails. Perfect for springtime visits when the azaleas are in bloom. The Arts and Culture Center (~1. 5 miles): A great space to enjoy rotating art exhibits, performances, and showcases by local artists, adding a cultural flair to the area. Kissy's Waterway (~5-6 miles): A hidden gem perfect for outdoor activities like kayaking and fishing, offering a peaceful retreat just a short drive from the property. Palatka's Historic Downtown Area (~0. 5 miles): A stroll through downtown brings you past local shops, cafes, and restaurants housed in historic buildings, perfect for those who enjoy the charm of small-town living. The Ravines Golf Club (~4 miles): For those who love a round of golf, this scenic course offers a peaceful retreat with a great layout. Whether you're restoring the interior of this home to reflect your personal style or transforming it into a profitable venture, this property offers the perfect blend of historic charm and modern convenience. With all the attractions of downtown Palatka and the natural beauty of the St. Johns River just a stone's throw away, you'll have everything you need right at your fingertips. Enjoy morning walks along the river, take in a local art show, or unwind with a round of golf just minutes from your door. For those seeking a tranquil yet vibrant community, the Palatka Historic District offers the best of both worlds: a peaceful setting surrounded by rich history, with plenty of opportunities to grow, create, and enjoy a more relaxed pace of life.

Features

  • Bedrooms: 5
  • Baths: 3 full / 1 half
  • Style: Historic
  • Year Built: 1900
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 4,113
  • Acreage: 0.35
  • Est. Taxes: $5,270
  • Appliances: None
  • MLS#: 2066826
  • Days on Market: 69 days
  • Website: https://www.raveis.com
    /prop/2066826/424emmettstreet_palatka_fl?source=qrflyer
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Listing courtesy of FLORIDA HOMES REALTY & MTG LLC

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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424 EMMETT Street, Palatka, FL, 32177

$440,000

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 $352,000 $352,000 $352,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.490% 5.490%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.695% 6.649% 5.764%
Monthly Tax Payment $439 $439 $439
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,026 $2,223 $2,874
Total Monthly Payment $2,540 $2,737 $3,388

* 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.