Sold·Closed Sep 11, 2026·28 days on market
45097 Fourth Avenue
Callahan, FL 32011
About this home
Callahan
Investor Opportunity in the Heart of Callahan! Fully leased and consistently occupied, this 7-unit apartment complex offers immediate income and long-term investment potential in a growing area of North Florida. The property features a mix of one and two bedroom units with a strong rental history and steady occupancy. Recent improvements include a new roof, and the property has been maintained as needed. Situated on an oversized lot and may offer future expansion or development opportunities, subject to buyer verification with the Town of Callahan. The property located near local shopping, dining, and schools with a short drive to the airport, beach, and Kings Bay. This is an excellent opportunity for investors seeking a stabilized, income-producing asset with potential upside. Buyer to verify all zoning, development, and expansion possibilities.
Cost to own
True monthly cost
What this home actually costs per month at the asking price — not just the mortgage.
- • 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
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 K
Check floridadisaster.org/knowyourzone for what this designation means locally.
Roof: material not specified — year not disclosed (home built 1951)
Roof age drives Florida insurance pricing more than anything else — worth confirming before you offer.
Sewer · FL0038407 - Callahan WWTF · Public water (record)
County records show this parcel on central sewer served by FL0038407 - Callahan WWTF — no septic system to inspect or maintain.
Source: Florida DOH Water Management Inventory (public record).
Solar potential: ~1,616 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 homeAs 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
| Year | Market value | Taxable value | Change |
|---|---|---|---|
| 2025 | $423,525 | $222,636 | — |
| 2024 | $425,432 | $202,396 | — |
| 2023 | $325,343 | $183,996 | — |
| 2022 | $239,079 | $167,269 | — |
| 2021 | $157,053 | $152,063 | — |
| 2020 | $138,239 | $138,239 | — |
2025 property taxes (current owner): $4,541/yr
Estimated taxes if purchased at asking price: ~$8,000/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 435 current Nassau 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
- Sep 11, 2026Closed$540,000
- Aug 5, 2026Pending$540,000
- Jul 30, 2026Price change$540,000−$35,000
- Jul 24, 2026Active$575,000
History tracked by kristafracke.com from the live MLS feed. Earlier changes may predate tracking.
Features
School Information
Community Information
Amenities
Interior
Exterior
Additional Information
Listing Courtesy of: ATLANTIC SALT 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.
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Your Local Realtor
Krista Fracke
Broker Associate
This home sold on Sep 11, 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.
Northeast Florida living
Ponte Vedra Beach · St. Johns County · Nocatee · eTown & Seven Pines