$50,000
111 CEDAR Avenue, Palatka, FL 32177
Glisson Wells
- Price
- $50,000
- Beds / Baths
- 2 / 1
- Living area
- 1,130 sqft
- Year built
- 1940
- Type
- Residential
- Lot
- 0.23 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Putnam
- Days on market
- 0
$44/sqft asking, vs a $163/sqft median across 264 closed sales in 32177 over the last 12 months — 73% below the area's closed prices. Property requires significant renovation or rebuild; priced well below area per-square-foot average due to as-is condition and development potential rather than move-in readiness.
Unlock the potential of this property with an opportunity to renovate, rebuild, or start fresh with new construction. Whether you're looking for your next investment project or a chance to create a property to your vision, this location offers plenty of possibilities. Offered at an attractive price, this property is ready for its next chapter.
What to check on this one
- Verify roof age and condition — 1940 home likely needs inspection before purchase.
- Order 4-point inspection (required by most insurers for pre-1980 homes in Florida).
- Confirm flood zone officially with FEMA map; get elevation certificate if in AE/VE.
- Check septic system functionality and any well water service records.
- Inspect for polybutylene plumbing (common 1940s era) — major insurer/lender red flag.
- Obtain title commitment and verify no liens, code violations, or back taxes owed.
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 $40,000 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 RE/MAX SIGNATURE. Data via realMLS (Northeast Florida MLS), updated Sep 8, 2026, 9:31 PM.
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