200 N Maryland Ave E, East Palatka, FL 32131

Historic Charm and Space in East Palatka: An Exceptional Value!

Asking Price: $125,000

Step into this charming 3-bedroom, 2-bathroom single-family home at 200 N Maryland Ave E, East Palatka, FL 32131. Built in 1952, this 1,804 sqft residence offers spacious living with an incredibly low estimated refinance payment of $725/mo. Situated on a 0.56-acre lot, this property presents an outstanding opportunity for affordable homeownership in a quiet, rural-feeling community.

Key Features & Property Details:

• Exceptional Price Point: At $125,000, this property is significantly below the median listing home price of $429.9K for the 32131 zip code, making it an incredible value. It recently sold for $100,000 on April 15, 2025, which further highlights its affordability.
• Spacious Interior: At 1,804 sqft, this 3-bedroom home offers ample living space, providing room for families to grow and spread out.
• Two Full Bathrooms: Provides convenience for residents and guests.
• Generous Lot Size: The 0.56-acre lot offers significant outdoor space for recreation, gardening, or future expansion.
• Built in 1952: While an older home, it offers classic Florida charm and potentially sturdy construction. It reportedly has a fireplace and a heat pump.
• No HOA Fees: This property is not part of an HOA, which means no recurring monthly or annual HOA fees, contributing to very low ongoing ownership costs.
• Property Tax Information: Property taxes for this address were $917 in 2024, showing a relatively stable and low tax burden over recent years. While the property recently sold for $100,000, the current list price is $125,000. Buyers should anticipate that future property taxes will likely increase upon sale and reassessment to reflect the new market value, though still likely remain quite affordable.
• Last Sold: The property has a recent sale history, with a sale on April 15, 2025, for $100,000. It was previously listed at $185,000 in 2023, which suggests either a significant price drop or a change in circumstances.

East Palatka (32131) Market Dynamics:

• Buyer’s Market: The 32131 zip code is currently a Buyer’s Housing Market. This means that the supply of homes is greater than the demand, providing buyers with increased negotiation power.
  • The median listing home price in 32131 was $429.9K in May 2025, trending up 14.6% year-over-year. The average home value in East Palatka is around $269,156, though it was down 2.7% over the past year.
  • Homes in 32131 sold for 3.16% below asking price on average in May 2025, indicating negotiation opportunities.
  • Homes in 32131 sell after an average of 87 days on the market, giving buyers ample time for due diligence.

East Palatka Location & Lifestyle:

• Quiet & Rural Feel: East Palatka is an unincorporated community in Putnam County, offering a more rural and relaxed lifestyle compared to larger cities. It is often characterized by larger lots and a quiet atmosphere.
• Proximity to Palatka: It is very close to the city of Palatka, which serves as the county seat and offers additional amenities, including local dining and coffee bars. The St. Johns River is also a major draw for fishing and boating.
• Outdoor Activities: The area is known for its natural beauty and outdoor opportunities. Ravine Gardens State Park is a significant local attraction, featuring historic gardens, an amphitheater, accessible trails, and picnic areas. The nearby Ocala National Forest offers additional outdoor recreation, including kayaking, fishing, and camping.
• Convenient to Major Areas: While offering a rural feel, East Palatka is within a reasonable drive to larger cities and attractions:
  • St. Augustine: Approximately 30 minutes away.
  • Orlando: Within a reasonable driving distance for theme parks and city amenities.
• Crime Rate (Higher than FL Average): Palatka (the nearby larger city) had a crime rate of 1061.26 per 100,000 population in 2018, which is significantly higher than the national average. While specific data for East Palatka is less available, it generally falls under the umbrella of Putnam County’s statistics. Crime rates in Palatka have shown some fluctuation, with a 43.88% increase from 2017 to 2018. Buyers should research localized crime data and consider their comfort levels with these statistics for the area.
• Schools (Putnam County School District):
  • The Children’s Reading Center (K-6, Niche Grade A-, GreatSchools Rating N/A): Listed as #437 Best Public Elementary Schools in Florida by Niche, this is a highly-rated option.
  • Q.I. Roberts Middle-High School (7-12, Niche Grade A, GreatSchools Rating 4.11/5): This school offers an accelerated learning program and is considered a great option for college readiness.
  • Browning-Pearce Elementary School (PK-6, Niche Grade C+, GreatSchools Rating 1.2/5): A lower-rated elementary school.
  • Palatka Jr.-Sr. High School (7-12, Niche Grade B-, GreatSchools Rating 3.4/5): A moderately rated high school.
  • There’s a mix of school ratings. Buyers should verify assigned schools for this specific address and prioritize based on their needs.

Important Considerations:

• Age of Home: A home built in 1952 will require a thorough inspection to assess the current condition of its major systems (HVAC, plumbing, electrical, roof) and identify any potential needs for repair or upgrades. While it’s been updated in some ways, older homes can have unique maintenance requirements.
• Flood Risk (Verify with FEMA): While no specific flood zone information was immediately available for this exact address, East Palatka is in an area that can be affected by the St. Johns River. It is absolutely critical for buyers to consult the official FEMA Flood Map Service Center (MSC) for 200 N Maryland Ave E, East Palatka, FL 32131, to determine the exact flood zone designation. This will clarify any mandatory flood insurance requirements and associated costs, which could be significant.
• Climate Risks (Extreme Heat & Wind): East Palatka faces significant climate risks:
  • “Extreme” Heat Factor: Historically, the area experiences many hot days, with projections for a significant increase in days above 96°F by 2050.
  • “Extreme” Wind Factor: High risk of severe winds over the next 30 years due to hurricane activity.
  • Buyers should factor in potential impacts on energy bills for cooling and ensure comprehensive homeowner’s insurance adequately covers wind and tropical storm damage.
• Crime Rate: While specific to Palatka, the general crime rates in the broader area are a consideration that buyers should be aware of.

This home at 200 N Maryland Ave E offers an outstanding opportunity for affordable homeownership in East Palatka. Its spacious interior, large lot, and incredibly low price point make it a strong contender for those seeking value and a quieter lifestyle, particularly in a buyer’s market. However, due diligence on the home’s older systems, flood risk, and understanding the local crime statistics are essential.

Priced at $125,000 – discover your new home in East Palatka! Schedule your private showing today.