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Active

Active·288 days on market

1078 Merrimac Avenue

Green Cove Springs, FL 32043

$380,000$357/sqftEst. $1,938/moMLS# 2111474

Beds

Baths

1,064

Sq Ft

1983

Built

—

Garage

Pool

About this home

Green Cove Springs

Priced below recent appraised value! 3.41 acres privately tucked behind US 17. Could be easily converted to commercial zoning. This property includes a solid concrete block construction with a full brick exterior home, offering long-term durability, energy efficiency, and classic curb appeal with a metal roof. Bring your horses! Or add on to the existing house and built an ADU and create your compound! Property Overview (Agricultural Residential zoning) Structure: Single-family concrete block/brick ranch home. Main Home: Concrete block and metal roof, 1,067 sq. ft., 3 bedrooms, 1 bath, single story, built in 1983 Additional Structures: Screened porch, 1-car carport, storage room, workshop/sheds, laundry area

Cost to own

Mortgage calculator

Home Price

$380,000

Down Payment: 20%

$76,000

Interest Rate: 6.58%

Loan Term

Monthly Payment

$1,938

Principal & Interest: $1,938

Property taxes (est.): $582

Insurance (est.): $253

Estimated Total Monthly

$2,773

*30-year loan at 6.58% APR (avg 30-yr rate 2026-07-23, Freddie Mac PMMS via FRED). Taxes use the county effective rate; insurance is a rough estimate — Florida premiums swing with roof age and flood zone (see the Reality Check). Actual costs may vary.

Cost to own

True monthly cost

What this home actually costs per month at the asking price — not just the mortgage.

Principal & interest20% down · 6.58% · 30yr$1,938

Property taxesest. at asking price, Clay County$582

Estimated total, before insurance$2,520/mo

Seller’s 2024 tax billper the MLS — includes any CDD / assessments$4,698/yr · $392/mo

• Homeowners insurance is on top — in Florida it varies widely with roof age and wind/flood zone (see the Reality Check below). Budget it before you offer.
• In CDD communities (Nocatee, eTown, Seven Pines…), bond assessments are collected on the property-tax bill, and the amount varies home to home — a prior owner may have prepaid the bond — so we confirm this home’s exact line rather than trust a community average.
• Taxes are estimated at YOUR purchase price — Florida assessments reset on sale, so the seller’s current bill is usually lower than yours will be (that applies to the reference bill above too).

Cost to own

Taxes & assessment

Year	Market value	Taxable value	Change
2025	$259,114	$221,851	—
2024	$239,890	$201,683	—
2023	$226,299	$183,349	—
2022	$188,922	$166,681	—
2021	$151,529	$151,529	—
2020	$140,596	$140,596	—

2024 property taxes (current owner): $4,698/yr

Estimated taxes if purchased at asking price: ~$7,000/yr

Florida’s Save Our Homes cap limits how fast the current owner’s assessment can rise — and it resets when a home sells, so a buyer’s tax bill is typically based on the purchase price, not the seller’s bill above. Estimate uses the median effective rate across 792 current Clay listings and includes typical non-ad-valorem assessments; actual taxes depend on exemptions and taxing district. Sources: Florida DOR certified tax roll (2025), NEFMLS.

Storms & insurance

Florida Reality Check

The storm-and-insurance facts every Florida buyer should know up front.

Zone X — minimal flood hazard

Flood insurance is typically not required by lenders (always optional).

Flood damage is not covered by standard homeowners insurance — it’s always a separate policy.

Outside all hurricane evacuation zones

This location is not in a designated storm-surge evacuation zone.

Roof: Metal — year not disclosed (home built 1983)

Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.

Septic system (public record) · Private well (public record)

County records indicate an onsite septic system — budget a septic inspection before closing (typically $300–$500) and expect pump-outs every 3–5 years.

Source: Florida DOH Water Management Inventory (public record).

Solar potential: ~1,480 usable sun-hours per year

Moderate solar exposure — shade or roof orientation limits panel output here.

Krista can connect you with local insurance quotes before you make an offer.

Ask about this home

As of July 2026, this Reality Check is informational only — it draws on FEMA/FDEM hazard layers, Florida DOH water records, and the listing’s own fields at this property’s coordinates. None of it is a determination, survey, or inspection, and public records can lag or conflict with on-site conditions. Independently verify anything you’ll rely on: the flood zone at msc.fema.gov and floridadisaster.org/knowyourzone (and confirm flood-insurance cost with your lender and a licensed insurance agent), and the sewer/septic, roof, and utilities with a professional inspection.

History