For SaleRisky Deal92 days on market
1616 Franklin St
1616 Franklin St, Fernandina Beach, FL 32034, Fernandina Beach, FL 32034
$585,000
Listing Price
1616 Franklin St, Fernandina Beach, FL 32034
Loc: Fernandina Beach, FL
Days Listed
92
Tax Assessed
$437k
Lot Size
0.27 acres
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
6
Fernandina Beach High School
PK,3,8-12
1.1 mi away
10
Fernandina Beach Middle School
6-8
0.9 mi away
N/A
Southside Elementary School
PK-2
1.6 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylesingle-storytwo-car garageconcrete drivewayspacious lotmature treeswooded settingsuburbanvinyl sidingcovered entrywayshaded yardtraditional residentialwell-maintained
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.06%
Total ROI
90.6%
Cash Flow
$-81/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-81/mo net cash flow with a 6.1% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.1%)
- • Strong rental demand in Fernandina Beach
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-28 | Price change | $585,000 | $417 |
| 2026-07-27 | Price change | $589,900 | $420 |
| 2026-06-23 | Listed for sale | $600,000 | $427 |
| 2024-03-13 | Listing removed | $0 | – |
| 2023-10-02 | Price change | $634,800 | $452 |
| 2023-07-28 | Listed for sale | $634,900 | $452 |
| 2021-01-27 | Listing removed | $0 | – |
| 2020-01-22 | Sold | $295,000 | $210 |
| 2020-01-02 | Pending sale | $302,000 | $215 |
| 2019-11-17 | Listed for sale | $302,000 | $215 |
| 2019-06-06 | Sold | $295,000 | $210 |
| 2019-04-15 | Listed for sale | $297,000 | $212 |
| 2010-02-22 | Sold | $205,000 | $146 |
| 2009-12-04 | Listed for sale | $219,000 | $156 |
| 2003-11-10 | Sold | $154,000 | $110 |
| 2002-07-31 | Sold | $98,000 | $70 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,223.26 | $276,222 |
| 2024 | $4,156.98 | $268,437 |
| 2023 | $4,119.5 | $260,618 |
| 2022 | $3,869.33 | $253,027 |
| 2021 | $3,866.72 | $245,657 |
| 2020 | $4,668.31 | $239,336 |
| 2019 | $4,744.19 | $230,255 |
| 2018 | $4,744.19 | $201,469 |
| 2017 | $3,236.46 | $187,541 |
| 2016 | $3,708.09 | $168,465 |
| 2015 | $3,410.86 | $154,164 |
| 2014 | $3,161.25 | $145,214 |
| 2013 | $0 | $139,071 |
| 2012 | $0 | $141,871 |
| 2011 | $0 | $175,856 |
| 2010 | $0 | $177,385 |
| 2009 | $0 | $201,265 |
| 2008 | $0 | $152,313 |
| 2007 | $0 | $147,877 |
| 2006 | $0 | $144,270 |
| 2005 | $0 | $140,068 |
| 2004 | $0 | $135,988 |
| 2003 | $0 | $113,551 |
| 2002 | $0 | $110,415 |
| 2001 | $0 | $97,448 |
| 2000 | $0 | $85,576 |
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