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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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Sold

Sold·Closed Aug 31, 2026·24 days on market

708 Madison Street

Palatka, FL 32177

$190,000sold priceListed at $200,000 · 95% of asking$190/sqftMLS# 2149886
3
Beds
2
Baths
1,002
Sq Ft
1935
Built
—
Garage
No
Pool
FEMA Zone XNo HOA4,792 sqft lotSingle Family Residence1 story

About this home

Palatka

Fully renovated 3-bedroom, 2-bathroom home in Palatka with public water and sewer. This move-in ready property has been updated from top to bottom with a new roof, new flooring, updated kitchen, renovated bathrooms, fresh interior and exterior paint, new water heater, updated electrical, updated plumbing, and new landscaping. The bright and functional floor plan offers comfortable living with modern finishes throughout. The kitchen features new cabinetry, countertops, and fixtures, while both bathrooms have been completely refreshed with contemporary upgrades. Major system improvements provide added peace of mind and reduce future maintenance costs. Conveniently located near schools, shopping, dining, and everyday amenities in Palatka, this fully updated home is an excellent opportunity for a primary residence, first-time buyer, or investment property.

Cost to own

True monthly cost

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

Principal & interest20% down · 7.4% · 30yr$1,052
Estimated total, before insurance$1,052/mo
Seller’s 2025 tax billper the MLS — includes any CDD / assessments$1,393/yr · $116/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

$190,000
$38,000
Loan Term
Monthly Payment
$1,052
Principal & Interest: $1,052
Insurance (est.): $127
Estimated Total Monthly
$1,179
*30-year loan at 7.4% APR (avg 30-yr rate 2026-10-08, Freddie Mac PMMS via FRED). Taxes vary by county; 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.

Outside all hurricane evacuation zones

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

Roof: Shingle — year not disclosed (home built 1935)

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

Solar potential: ~1,637 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

2025 property taxes (current owner): $1,393/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. Sources: Florida DOR certified tax roll, NEFMLS.

History

Price & status history

  • Aug 31, 2026Closed$200,000
  • Jul 7, 2026Pending$200,000
  • Jun 10, 2026Listed$200,000

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

Closed sales

What sold nearby

Closed sales within about two miles in the last 18 months, same property type, similar size. Closed prices from the MLS, not estimates. Their median is $185/sq ft; this home is listed at $200/sq ft.

AddressClosedPrice$/sq ftBd/BaSq ftDOMMiles
719 Olive Street, Palatka, FL 32177Listed by WJH BROKERAGE FL LLCSep 2026$246,990$1913/21,2901370
711 Madison Street, Palatka, FL 32177Listed by WJH BROKERAGE FL LLCJul 2026$219,888$1903/21,155850
209 N 7th Street, Palatka, FL 32177Listed by NUVIEW REALTYAug 2025$169,900$1852/191650.1
412 Madison Street, Palatka, FL 32177Listed by BEACH STATE REALTYMar 2026$158,000$1233/21,2881460.2
512 N 5th Street, Palatka, FL 32177Listed by DUCK REALTY INCMay 2025$50,000$482/11,0501280.2
1317 Carr Street, Palatka, FL 32177Listed by DUCK REALTY INCJul 2026$55,000$533/11,045170.6

Sold data from the realMLS IDX feed. A closed price is what a buyer paid, not what this home is worth; Krista runs the adjustments per home.

Features

Price$200,000
Price / Sq Ft$200
Bedrooms3
Bathrooms2.00
Full Baths2
Square Footage1,002
Acres0.11 acres
Year Built1935
TypeResidential
Sub-TypeSingle Family Residence
Property ConditionUpdated/Remodeled
StatusClosed
Has PoolNo
Is WaterfrontNo

Community Information

Address708 Madison Street, Palatka, FL 32177
Area561-Greater Palatka
SubdivisionPalatka
CityPalatka
CountyPutnam
StateFL
Zip Code32177
Lot Size4,791.6 sq ft
Parcel Number421027685005800041

Amenities

UtilitiesElectricity Available, Sewer Connected, Water Connected
SewerPublic Sewer
Water SourcePublic
ParkingOff Street

Interior

Interior FeaturesPrimary Bathroom - Shower No Tub, Split Bedrooms
AppliancesDishwasher, Electric Oven, Microwave, Refrigerator
HeatingCentral
CoolingCentral Air
FlooringVinyl
# of Stories1
LevelsOne
LaundryElectric Dryer Hookup

Exterior

Exterior FeaturesOther
Lot DescriptionCleared
Patio / PorchDeck, Porch
RoofShingle
ConstructionVinyl Siding
Road SurfaceAsphalt

Additional Information

Date ListedJune 10, 2026
Days on Market24
Tax Amount$1,392.78
Tax Year2025
Listing TermsCash, Conventional, FHA, VA Loan
55+ CommunityNo
New ConstructionNo

Listing Courtesy of: BEACH STATE REALTY

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.

Your Local Realtor

Krista Fracke - Broker Associate

Krista Fracke

Broker Associate

This home sold on Aug 31, 2026. If you own nearby and want to know what this sale means for your value, or you're shopping this street, I can walk you through it.

Text Krista about this saleHomes for sale nearby →

20+ years · 500+ closings · NE Florida

Curious what nearby homes sold for?

MLS rules keep sold prices off public sites — ask Krista and she'll email you recent sales for this area.

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