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This home is in Jacksonville.

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Active·112 days on market

2487 Chaffee Road S

Jacksonville, FL 32221

$499,000$469/sqftEst. $2,563/moMLS# 2128505

Beds

Baths

1,064

Sq Ft

1987

Built

—

Garage

Pool

About this home

Jacksonville

Ideal for redevelopment and small-scale QSR entrepreneurs just starting out, this high-traffic 0.88-acre corner parcel sits in a premier Jacksonville growth corridor. The site offers a strategic way to transition into a commercial project, as the existing residential use generates consistent monthly income while you navigate the planning phase. Its location is perfectly positioned for high visibility and potential drive-thru use, situated just 1 minute from the Publix-anchored Plaza at Normandy with rapid access to the First Coast Expressway (2 mins) and I-10 (5 mins). Currently zoned RLD-60, the land is primed for future commercial rezoning to its highest and best use, with the additional option to combine with an adjoining parcel for a larger project. Note the existing mobile home has been digitally removed in one or more photos via AI to showcase future potential. Buyer to verify all zoning and development requirements with the city. See commercial MLS #2106723 for more info.

Cost to own

Mortgage calculator

Home Price

$499,000

Down Payment: 20%

$99,800

Interest Rate: 6.65%

Loan Term

Monthly Payment

$2,563

Principal & Interest: $2,563

Property taxes (est.): $815

Insurance (est.): $333

Estimated Total Monthly

$3,710

*30-year loan at 6.65% APR (avg 30-yr rate 2026-08-20, 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 · 6.65% · 30yr$2,563

Property taxesest. at asking price, Duval County$815

Estimated total, before insurance$3,378/mo

Seller’s 2025 tax billper the MLS — includes any CDD / assessments$1,966/yr · $164/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

Last sold: $90,000 in January 2022(county public record, not MLS data)

Year	Market value	Taxable value	Change
2025	$109,377	$81,472	—
2024	$74,066	$74,066	—
2023	$74,663	$74,663	▲ $22,463
2022	$52,200	$49,126	—
2021	$52,200	$44,660	—
2020	$40,600	$40,600	—

2025 property taxes (current owner): $1,966/yr

Estimated taxes if purchased at asking price: ~$9,800/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 3,305 current Duval 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: material not specified — year not disclosed (home built 1987)

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

Likely septic · Public water (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: ~1,022 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