$35,000
705 OLIVE Street, 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
- 114
$58/sqft asking, vs a $163/sqft median across 264 closed sales in 32177 over the last 12 months — 65% below the area's closed prices. Full rehab required; property priced significantly below area median reflecting substantial renovation costs and scope.
Back on the market - Bring your vision to one of Palatka's most charming settings. This home sits on a brick-paved street just steps from the city's historic district, surrounded by the architecture and character that make downtown Palatka special. It's a true renovation opportunity: the roof needs replacing and portions of the flooring need replacing, so it's ready for the investor, builder, or restoration lover who wants to take it down to the bones and bring it back right. The 25' x 100' lot is a manageable footprint close to the St. Johns River, the riverfront, local shops, and restaurants. Opportunities this close to historic downtown don't come along often. Being sold as-is. Bring your contractor and your imagination.
What to check on this one
- Confirm roof age and get written replacement estimate from licensed contractor.
- Verify flood zone designation with Putnam County—check FEMA flood map directly.
- Hire 4-point inspection; assess plumbing material (polybutylene/cast-iron common in 1950 homes).
- Document all flooring damage scope; clarify what 'portions' means before renovation budget.
- Obtain title report and lien search—verify no code violations or demolition orders.
- Review as-is contract terms; confirm builder's risk insurance your responsibility.
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 Oct 1, 2026, 12:54 AM.
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