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1408 Dr Martin Luther King Jr Dr, Pensacola, FL, 32503

$450,000

Home List Price

$5,344*

Closing Credit

3 Bedrooms
1 Full Bath
1,240 SqFt
$363/SqFt
House

Location

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1408 Dr Martin Luther King Jr Dr, Pensacola$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, On Street
Year Built1918
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
MLS #656429
Lot Size0.18 Acres
StatusActive

About 1408 Dr Martin Luther King Jr Dr

Great Private Home near Downtown and 15 minutes to Pensacola Beach! Includes upscale 25x8 Tiny Home that is a perfect accessory dwelling for any purpose. This property has been operating as a successful short term rental with two separate listings and healthy cash flow. Fully renovated to enhance historical features like all wood floors while adding convenience and beauty of modern design. Enjoy the full privacy of custom wood fencing surrounding the property. Tiny home comes with a stock tank pool. This is a must see property and has rare benefits and amenities you wont see in other listings. Schedule your tour or video tour today!

Property Details

Property Features

Property Information:

  • Architectural Style: Craftsman
  • Year Built: 1918
  • Stories: 1
  • Living Area: 1,240 SqFt

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (888) 883-8509
  • Listing Agent: Tom Elkins

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Flooring Type: Hardwood, Tile
  • Interior: Guest Room/In Law Suite

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Driveway, On Street

Lot Features

Lot Information:

  • Lot: Interior Lot
  • Lot Size: 0.18 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: On MLK South of Blount

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $363/SqFt

Tax Information:

  • Annual Amount: $884
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Pensacola, FL.

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Pensacola, FL

City

Med. Sold Price

$287.2K

Med. Price/SqFt

$177

Avg. Days On Market

68

# of Sold Homes

270

1408 Dr Martin Luther King Jr Dr vs Pensacola

2 DAYS ON ROCKET

-66 Days

$450,000

+$162.7K More

$363/SqFt

+$186 More

KEY TAKEAWAY

This property is $162.7K more than the Median Sold Price and $186/SqFt more than other homes in Pensacola, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Pensacola MLS
  • MLS Number: #656429

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (888) 883-8509
  • Listing Agent: Tom Elkins

Copyright © 2024 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 6:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 20, 2018Home Sold
$82,000
Jul 19, 2011Home Sold
$19,000

Tax History

YEARPROP. TAXASSESSMENT
2020$884$48,497
2019$857$46,264
2018$810$45,842

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-69438
7
/10

  • N. B. Cook Elementary School

  • 1310 N 12th Ave

  • 0.61 miles

  • Public Magnet Grades PK-5

school-card-donut-69439
1
/10

  • O. J. Semmes Elementary School

  • 1250 E Texar Dr

  • 1.54 miles

  • Public District Grades PK-5

school-card-donut-69440
8
/10

  • Suter Elementary School

  • 501 Pickens Ave

  • 1.81 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,017. The majority of Pensacola, FL residents have income less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1408 Dr Martin Luther King Jr Dr

What is the listing price of this property?

The listing price of 1408 Dr Martin Luther King Jr Dr property is $450,000.

What type of property is this?

The property 1408 Dr Martin Luther King Jr Dr is a house located in Pensacola, Florida, 32503.

Is this property for sale now?

Active Listing: 1408 Dr Martin Luther King Jr Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $884 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 20, 2018 for $82,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1408 Dr Martin Luther King Jr Dr has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1408 Dr Martin Luther King Jr Dr is 1,240 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1408 Dr Martin Luther King Jr Dr is 1918.

Rocket Homes›Florida›Escambia County›Pensacola›32503›1408 Dr Martin Luther King Jr Dr

This home is located at 1408 Dr Martin Luther King Jr Dr in Pensacola, FL and zip code 32503 in the East Downtown Pensacola neighborhood. This 1,240 square foot home, which was built in 1918, sits on a 0.18 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $450,000.

In November 2024, from all listings sold in Pensacola, FL there were more than 28 sold above asking price, over 156 sold below and more than 67 were sold right at the asked price. In November 2024 in Pensacola, FL there were 0.8% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $287,255, while the average time on the real estate market was 68 days.

From Rocket Homes Real Estate and based on county public records data.

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