Overview
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About this home
2536 Magnolia Ave is a 1953-built home in Otters Sub, Sanford. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,311 square feet of living space. Listed at $242,500 (about $185/sqft), 170 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
One or more photo(s) has been virtually staged. Discover the potential at 2536 Magnolia Ave in Sanford! This unique property offers exceptional flexibility with MR2 zoning (Medium Density Residential)—opening the door to a variety of uses including multi-family living, income-producing opportunities, or a spacious single-family residence. Whether you’re an investor, homeowner, or looking for a live/work setup, this property delivers options. Situated on a generous lot (almost half an acre), the home provides ample space both inside and out, with room to expand or reimagine to fit your vision. Enjoy the charm of an established neighborhood while being conveniently located near major roadways, shopping, dining, and historic downtown Sanford. Opportunities like this don’t come around often and to top it off ROOF is 2024, AC is 2020, water heater is 2025, 2 sheds on property, corner lot, a ready to go versatile property! Survey is uploaded and available for buyer's review.
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
Price history
Neighborhood
Market insights
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Sample: 161 closed home sales in 32773 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$242,500
$185 per sq ft
Beds and baths
3 beds, 2 baths
Size
1,311 sq ft
Time on market
170 days
Year built
1953
Monthly payment
About $1,608/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,666 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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