Prime development or investment opportunity in the heart of Old East Hill. This property includes three full parcels plus a portion of a parcel fronting Gadsden Street. Current zoning allows for the construction of five homes. The Old East Hill zoning regulations permit residential, commercial, or mixed-use development. The neighborhood is experiencing significant growth, with new construction projects occurring in every direction. The property is centrally located, offering convenient access to Downtown Pensacola, Pensacola Beach, and the I-110.
Property Details
Property Features
Listing Office:
Office Name: Kuhn Realty
Office Phone: (850) 266-7557
Listing Agent: Larry Kuhn
Lot Features
Lot Information:
Lot Size: 0.38 Acres
Other
Directions Information:
Directions: Corner of 7th and Gadsden St
Price Information
Listing Price Info
Price Summary:
List Price: $480,000
Tax Information:
Annual Amount: $773
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Pensacola, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,463
Per Month
Principal & Interest
$2,396
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,506
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
N. B. Cook Elementary School
1310 N 12th Ave
Distance between this listing and this school0.63 miles
Public Magnet Grades PK-5
8
/10
Suter Elementary School
501 Pickens Ave
Distance between this listing and this school1.59 miles
Public District Grades KG-5
1
/10
O. J. Semmes Elementary School
1250 E Texar Dr
Distance between this listing and this school1.97 miles
Public District Grades PK-5
Nearby Schools
2
/10
Warrington Middle School
450 S Old Corry Field Rd
Distance between this listing and this school4.01 miles
Public District Grades 6-8
2
/10
Workman Middle School
6299 Lanier Dr
Distance between this listing and this school4.54 miles
Public District Grades 6-8
7
/10
Brown Barge Middle School
201 Hancock Ln
Distance between this listing and this school4.69 miles
Public Magnet Grades 6-8
Nearby Schools
4
/10
Pensacola High School
500 W Maxwell St
Distance between this listing and this school1.33 miles
Public District Grades 9-12
8
/10
Escambia Virtual Academy Franchise
30 E Texar Dr
Distance between this listing and this school1.89 miles
Public District Grades KG-12
1
/10
Camelot Academy of Escambia County
1403 W Saint Joseph Ave
Distance between this listing and this school1.94 miles
The neighbors living near this home have an average income of $43,125. Most Pensacola, FL residents have annual incomes less than $35k. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 622 N 7th Ave
What is the listing price of this property?
The listing price of 622 N 7th Ave property is $480,000.
What type of property is this?
The property 622 N 7th Ave is land located in Pensacola, Florida, 32501.
Is this property for sale now?
Active Listing: 622 N 7th Ave 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 $773 (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 14, 2017 for $205,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 622 N 7th Ave in Pensacola, FL and zip code 32501 in the East Downtown Pensacola neighborhood. This home sits on a 0.38 acre lot. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $480,000.
While more than 28 listings in Pensacola, FL in November 2024 were sold above asking price, there were more than 67 listings sold at asking price, and more than 156 were sold below. The inventory of homes for sale in Pensacola, FL between October 2024 and November 2024 decreased by 0.8%. In November 2024 median list price was $287,255 and the average listing age was 68 days.
From Rocket Homes Real Estate and based on county public records data.
Pro Boxing
Pro Boxing
NHRA Drag Racing
Horse Races
Family Dollar
Big Lots
Stein Mart
White Castle
Golden Corral
LongHorn Steakhouse
Chevrolet
Kia
Buick
Rock
Adult Standards
Contemporary Inspirational