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About this home
240 1st St is a 1974-built home in Fla Dev CO Sub, Davenport. Inside you'll find 3 bedrooms, 3 bathrooms, and 2,314 square feet of living space. Listed at $1,600,000 (about $691/sqft), 32 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Almost 10 acres of income producing property that is situated well for future development. One main home and several income producing manufactured homes with the ability to subdivide. Current income is over $10,000 monthly. Subdivision is possible if city water and sewer are connected. Currently it's well water and septic. Adjacent property was already developed by DR Horton with medium density housing. This property still feels like it's miles away with quiet land but it's conveniently located only 1 mile from Highway 27 with shopping, dining, and hospitals nearby. High and dry with the only low land on the NorthWest corner of the property creating a natural buffer between neighbors.
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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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
$1,600,000
$691 per sq ft
Beds and baths
3 beds, 3 baths
Size
2,314 sq ft
Time on market
32 days
Year built
1974
Monthly payment
About $10,325/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $14,155 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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