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Work directly with Krista on any home hereBroker Associate · 20+ years · 500+ closingsChristie's International Real Estate First Coast
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Active

Active·108 days on market

720 Walnut Street

Green Cove Springs, FL 32043

$409,500$122/sqftEst. $2,169/moMLS# 2148996
↓ $20,000 below original list
8
Beds
4
Baths
3,368
Sq Ft
1939
Built
—
Garage
No
Pool
FEMA Zone XNo HOA10,890 sqft lotQuadruplex

About this home

Green Cove Springs

Private financing available to deserving buyer with large down. Historic Quadruplex + CBD Zoning. This is not just a multi-family investment -- it's a platform. CBD zoning unlocks multiple exit and value-add strategies: • Keep as residential multi-family: Stable cash-flowing quadruplex in a high-demand rental corridor ,near Spring Park and the St. Johns River. • Convert to professional office or retail: CBD zoning permits commercial pivots -- law, medical, boutique retail, and more.• Mixed-use redevelopment: Ground-floor commercial with residential above -- a true ''missing middle'' asset in the Historic District. • Residential-style financing still available: 4-unit status qualifies for conventional mortgage terms despite commercial-grade zoning upside. The property features four 2 bed / 1 bath units (840 sq ft each) with metal roof. • Laundry hookup in each unit • Community front porch + picnic area • Vinyl siding •

Cost to own

True monthly cost

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

Principal & interest20% down · 6.95% · 30yr$2,169
Property taxesest. at asking price, Clay County$628
Estimated total, before insurance$2,796/mo
Seller’s 2025 tax billper the MLS — includes any CDD / assessments$7,836/yr · $653/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).
Mortgage calculator — adjust rate & down payment

Cost to own

Mortgage calculator

$409,500
$81,900
Loan Term
Monthly Payment
$2,169
Principal & Interest: $2,169
Property taxes (est.): $628
Insurance (est.): $273
Estimated Total Monthly
$3,069
*30-year loan at 6.95% APR (avg 30-yr rate 2026-09-17, 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.

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.

Hurricane evacuation zone E

Zone E evacuates after zones A, B, C, D in an approaching storm.

Roof: Metal — year not disclosed (home built 1939)

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

Sewer (public record) · Public water (record)

County records show this parcel on central sewer — no septic system to inspect or maintain.

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

Solar potential: ~1,517 usable sun-hours per year

A strong solar roof by Florida standards — worth pricing panels if energy bills matter to you.

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.

Cost to own

Taxes & assessment

Last sold: $425,000 in May 2022(county public record, not MLS data)

YearMarket valueTaxable valueChange
2025$369,946$369,946—
2024$406,689$406,689—
2023$370,437$370,437—
2022$224,639$133,068—
2021$120,971$120,971—
2020$111,763$111,763—

2025 property taxes (current owner): $7,836/yr

Estimated taxes if purchased at asking price: ~$7,500/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.

History

Price & status history

  • Aug 3, 2026Price change$409,500−$20,000
  • Jun 5, 2026Listed$429,500

History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.

Features

Price$409,500
Price / Sq Ft$122
Bedrooms8
Bathrooms4.00
Full Baths4
Square Footage3,368
Acres0.25 acres
Year Built1939
TypeResidential Income
Sub-TypeQuadruplex
StatusActive
Has PoolNo
Is WaterfrontNo
Direction FacesSouth

School Information

ElementaryCharles E. Bennett
MiddleGreen Cove Springs
HighClay

Community Information

Address720 Walnut Street, Green Cove Springs, FL 32043
Area161-Green Cove Springs
Subdivision**verifying Subd**
CityGreen Cove Springs
CountyClay
StateFL
Zip Code32043
Lot Size10,890 sq ft
Parcel Number38062601742900000

Amenities

UtilitiesCable Available
SewerPublic Sewer
Water SourcePublic
ParkingOff Street

Interior

HeatingOther
CoolingWall/Window Unit(s)
FlooringCarpet
LaundryElectric Dryer Hookup, Washer Hookup

Exterior

Lot DescriptionHistoric Area
RoofMetal
ConstructionVinyl Siding
Road SurfacePaved

Additional Information

Date ListedJune 5, 2026
Days on Market59
Tax Amount$7,836.21
Tax Year2025
Listing TermsConventional, FHA, VA Loan
New ConstructionNo

Listing Courtesy of: COMMUNITY REALTY ASSOCIATES · addeod@comcast.net

Information deemed reliable but not guaranteed. Data provided through the IDX program of realMLS (Northeast Florida Multiple Listing Service). © 2026 Northeast Florida Multiple Listing Service, Inc. All rights reserved.

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Krista Fracke - Broker Associate

Krista Fracke

Broker Associate

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20+ years · 500+ closings · NE Florida

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