$35,000
705 OLIVE Street, Palatka, FL 32177, Palatka, FL 32177
Palatka
- Price
- $35,000
- Beds / Baths
- 2 / 1
- Living area
- 606 sqft
- Year built
- 1950
- Type
- Residential
- Lot
- 0.04 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Putnam
- Days on market
- 85
$58/sqft asking, vs a $162/sqft median across 259 closed sales in 32177 over the last 12 months — 64% below the area's closed prices. Full rehab required; property priced significantly below area median reflecting substantial renovation costs and scope.
MULTIPLE OFFERS RECEIVED!!! Highest and Best by 5pm August 1. Full Rehab Opportunity - Bring Your Vision!! Nestled beneath a canopy of mature oak trees draped with classic Southern Spanish Moss, this property offers a rare opportunity to restore a piece of Old Florida Charm near the North Historical District. Located on a picturesque cobblestone street, the setting alone provides character and curb appeal that is difficult to replicate in todays development. The property features a fenced backyard, mature landscaping and an established homesite surrounded by towering trees that create a private, tranquil atmosphere. Full Rehab required. Buyers to do their due diligence and confirm all facts about property. Renovate, rebuild, or re-imagine for your next project.
What to check on this one
- Verify roof age and condition; 76-year-old home likely needs inspection before insuring.
- Order 4-point inspection (roof, HVAC, plumbing, electrical) — standard for pre-1978 homes.
- Confirm actual flood zone with FEMA map; listing shows 'unknown'—critical for insurance.
- Inspect plumbing for cast-iron or polybutylene; 1950 build date suggests replacement risk.
- Get foundation/structural assessment; full rehab tag + age warrant engineer evaluation.
- Verify septic system vs. municipal sewer; confirm service records and current status.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $28,000 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of PUBLIC SERVICES REALTY. Data via realMLS (Northeast Florida MLS), updated Jul 28, 2026, 10:12 PM.
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