For SaleExcellent Deal270 days on market
127 MELLON Road
127 MELLON Road, Palatka, FL 32177, Palatka, FL 32177
$150,000
Listing Price
127 MELLON Road, Palatka, FL 32177
Loc: Palatka, FL
Days Listed
270
Tax Assessed
$169k
Lot Size
10,019 sqft
Rent Estimate
$1,861/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
6
James A. Long Elementary School
K-6
1.5 mi away
3
Palatka High School
7-12
0.2 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
Single Family Residence1970CentralCentral AirOther10,018 sqft270 Days$104
Haven AI Verdict
Recommendation
Excellent
Confidence Score: 10/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
9.16%
Total ROI
158.0%
Cash Flow
$367/mo
DSCR
1.47
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $367/mo net cash flow with a 9.2% cap rate. Underwriting indicates excellent fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (9.2%)
- • Strong rental demand in Palatka
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 |
|---|---|---|---|
| 2026-06-24 | Listed for sale | $150,000 | $104 |
| 2026-06-11 | Pending sale | $150,000 | $104 |
| 2026-06-05 | Price change | $150,000 | $104 |
| 2025-12-27 | Listed for sale | $195,000 | $135 |
| 2025-12-07 | Listing removed | $195,000 | $135 |
| 2025-06-03 | Price change | $195,000 | $135 |
| 2025-03-25 | Price change | $200,000 | $138 |
| 2024-12-06 | Listed for sale | $240,000 | $166 |
| 2017-04-21 | Sold | $94,900 | $66 |
| 2017-02-09 | Pending sale | $94,900 | $66 |
| 2016-12-19 | Listed for sale | $94,900 | $66 |
| 2016-07-25 | Sold | $27,500 | $19 |
| 2016-07-22 | Pending sale | $29,900 | $21 |
| 2016-04-08 | Listed for sale | $29,900 | $21 |
| 2003-10-17 | Sold | $70,000 | $48 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $2,840.77 | $168,620 |
| 2023 | $2,676.28 | $163,170 |
| 2022 | $2,371.11 | $141,680 |
| 2021 | $2,157.94 | $114,690 |
| 2020 | $2,095.16 | $105,890 |
| 2018 | $1,883.02 | $90,730 |
| 2017 | $1,883.02 | $84,020 |
| 2016 | $1,812.07 | $71,030 |
| 2015 | $1,552.39 | $71,500 |
| 2014 | $1,640.06 | $72,544 |
| 2013 | $0 | $72,719 |
| 2012 | $0 | $66,813 |
| 2011 | $0 | $67,328 |
| 2010 | $0 | $66,333 |
| 2009 | $0 | $64,589 |
| 2008 | $0 | $64,524 |
| 2007 | $0 | $62,645 |
| 2005 | $0 | $59,337 |
| 2004 | $0 | $57,609 |
| 2003 | $0 | $52,880 |
| 2002 | $0 | $52,186 |
| 2001 | $0 | $50,607 |
| 2000 | $0 | $49,918 |
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