Work directly with Krista on any home here · Broker Associate · 20+ years · 500+ closings · Christie's International Real Estate First Coast

This home is in Reserve at James Island, Jacksonville — a gated community home in Jacksonville.

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Pending

Pending·121 days on market·Reserve at James Island

10961 Burnt Mill Road 814

Jacksonville, FL 32256

$125,000$107/sqftEst. $642/moMLS# 2142051

Beds

Baths

1,171

Sq Ft

2001

Built

Garage

Pool

About this home

Reserve at James Island

Opportunity knocks! This updated, first floor 2 bedroom, 2 bath condo with garage has had some massive water damage, but offers so much potential for the right buyer! AS-IS. Water damage quoted at $65,000.

Cost to own

Mortgage calculator

Home Price

$125,000

Down Payment: 20%

$25,000

Interest Rate: 6.65%

Loan Term

Monthly Payment

$642

Principal & Interest: $642

Property taxes (est.): $204

Insurance (est.): $83

Estimated Total Monthly

$929

*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$642

Property taxesest. at asking price, Duval County$204

HOAbilled monthly$474

Estimated total, before insurance$1,320/mo

Seller’s 2025 tax billper the MLS — includes any CDD / assessments$3,436/yr · $286/mo

This bill runs well above the county-average estimate — usually the sign of a CDD or special assessment on this home. We confirm the exact line (and whether a bond was ever prepaid) before you offer.

• 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: $293,000 in August 2023(county public record, not MLS data)

Year	Market value	Taxable value	Change
2025	$192,500	$192,500	▼ $20,000
2024	$212,500	$212,500	—
2023	$212,500	$170,610	—
2022	$171,500	$155,100	—
2021	$141,000	$141,000	—
2020	$131,500	$49,885	—

2025 property taxes (current owner): $3,436/yr

Estimated taxes if purchased at asking price: ~$2,400/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.