14 days on rocket

540 S 1st St, Pensacola, FL, 32507

$248,500

Home List Price

$2,951*

Closing Credit

3 Bedrooms
1 Full Bath
1,001 SqFt
$248/SqFt
House
Schools Nearby

Location

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540 S 1st St, Pensacola$248,500

Buyer Closing Credits

$2,951*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingSee Remarks
Year Built1943
HeatingElectric
MLS #362611
Lot Size0.14 Acres
StatusActive

About 540 S 1st St

Welcome to the cutest new cottage in Pensacola, just two blocks from the water! This completely remodeled 1943 cottage in downtown Pensacola is a true gem, bursting with vibrant colors and modern details. The exterior features custom stained wood shutters, fresh paint, and a fenced yard, all framed by majestic large oak trees.Inside, this charming home offers 3 bedrooms and 1 full bath, with custom-built bunk bed built-ins that maximize space and comfort, allowing it to sleep up to 8 guests. A wonderful primary residence or short-term rental property, especially with no HOA restrictions.The brand-new kitchen is a highlight, showcasing custom butcher block countertops, new cabinets, a stylish tile backsplash, and all new stainless steel appliances, including a new oven and hood. A breakfast bar opens to the living room, creating a perfect space for casual dining and socializing. Conveniently located just off the kitchen is a convenient laundry nook. New flooring and paint flow throughout the home, enhancing its fresh, modern feel.From the dining room, step out onto the newly built landing and stairs that lead into the inviting side yard, perfect for entertaining or relaxing. Additional features include brand new fixtures, hardware, and interior doors. The bedrooms boast custom built-in shelves, adding both functionality and charm.Outside, the property is beautifully landscaped and includes a versatile shed/workshop in the backyard. While the home retains the history and charm of its 1943 origins, the effective year is 1990, which should help with insurance. Not to mention the brand NEW HVAC system and NEW water heater, and recent (2017) roof! This little retreat combines historic appeal with modern amenities, making it a perfect home or investment opportunity in the heart of Pensacola. Don’t miss out on this unique find! Buyer to verify all information during due diligence.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1943
  • Stories: 1
  • Living Area: 1,001 SqFt

Listing Office:

  • Office Name: Levin Rinke Realty
  • Office Phone: (850) 503-9345
  • Listing Agent: Hilary Brady

Interior Features

Interior Information:

  • Appliances: Refrigerator, Cooktop
  • Flooring Type: Carpet
  • Interior: Bunk Room, Ceiling Fan(s), Internet, Split Bedroom Plan

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: None, Storage

Parking Information:

  • Parking: See Remarks

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Electric

School Info

Assigned Schools Information:

  • Pensacola High School, Public District Grades 9-12
  • Escambia Virtual Academy Franchise, Public District Grades 5-12
  • Warrington Middle School, Public District Grades 6-8
  • Warrington Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Head west on W Garden St Turn left onto Barrancas Ave Turn left onto S 2nd St Turn right onto E Sunset Ave Turn left at the 1st cross street onto S 1st St The home will be on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $248,500
  • Price Per SqFt: $248/SqFt

Tax Information:

  • Annual Amount: $998
  • 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

$425.7K

Med. Price/SqFt

$244

Avg. Days On Market

100

# of Sold Homes

34

540 S 1st St vs Pensacola

14 DAYS ON ROCKET

-86 Days

$248,500

-$177.2K Less

$248/SqFt

+$4 More

KEY TAKEAWAY

This property is $177.2K less than the Median Sold Price and $4/SqFt more than other homes in Pensacola, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Baldwin County
  • MLS Number: #362611

Listing Office:

  • Office Name: Levin Rinke Realty
  • Office Phone: (850) 503-9345
  • Listing Agent: Hilary Brady

IDX Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. MLS IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2024, 10:20:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 20, 2013Home Sold
$36,800
Jan 24, 2012Home Sold
$22,900
Apr 08, 2005Home Sold
$30,000
Apr 07, 2005Home Sold
$15,000

Tax History

YEARPROP. TAXASSESSMENT
2020$998$71,853
2019$797$52,773
2018$766$47,976

History based on county public records data.

Payment Calculator

$1,308

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$812

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.

Elementary School

school-card-donut-8003423
2
/10

  • Warrington Elementary School

  • 220 N Navy Blvd

  • 0.92 miles

  • Public District Grades PK-5

Middle School

school-card-donut-8003424
1
/10

  • Warrington Middle School

  • 450 S Old Corry Field Rd

  • 1.96 miles

  • Public District Grades 6-8

High School

school-card-donut-8003425
4
/10

  • Pensacola High School

  • 500 W Maxwell St

  • 4.95 miles

  • Public District Grades 9-12

school-card-donut-8003426
7
/10

  • Escambia Virtual Academy Franchise

  • 30 E Texar Dr

  • 5.76 miles

  • Public District Grades 5-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,717. Residents of Pensacola, FL typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 540 S 1st St

What is the listing price of this property?

The listing price of 540 S 1st St property is $248,500.

What type of property is this?

The property 540 S 1st St is a house located in Pensacola, Florida, 32507.

Is this property for sale now?

Active Listing: 540 S 1st St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 540 S 1st St are:
Warrington Elementary School: GreatSchools Rating 2/10
Warrington Middle School: GreatSchools Rating 1/10
Pensacola High School: GreatSchools Rating 4/10
Escambia Virtual Academy Franchise: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $998 (source: MLS/based on county public records data).

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

The last sale was on August 20, 2013 for $36,800. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 540 S 1st St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 540 S 1st St is 1,001 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 540 S 1st St is 1943.

Rocket Homes›Florida›Escambia County›Pensacola›32507›540 S 1st St

This home is located at 540 S 1st St in Pensacola, FL and zip code 32507 in the Warrington neighborhood. This 1,001 square foot home, which was built in 1943, sits on a 0.14 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 20, 2024 and is currently priced at $248,500.

Pensacola, FL housing market in May 2024 saw over 2 listings sold above listed price, more than 6 sold at listed price and over 23 sold below. The number of listings in Pensacola, FL increased by 4.5% between April 2024 and May 2024. In May 2024, listings were on the market for 100 days. During the same period, the median list price in this real estate market was $425,750.

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

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