410 Moseley Ave, Palatka, FL 32177

Extremely Affordable Home in Palatka: A Renovation Opportunity with a Low Price Point!

Asking Price: $112,000 (However, recent sale records indicate it sold on May 28, 2025, for $91,000.)

This 3-bedroom, 1-bathroom single-family home at 410 Moseley Ave, Palatka, FL 32177, built in 1955, represents an incredibly rare and affordable opportunity. While listed at $112,000, public records indicate it recently sold for $91,000 on May 28, 2025. This makes its estimated refinance payment of $660/mo even more attractive. Spanning 1,353 sqft on a 0.23-acre lot, this property is a compelling prospect for a savvy investor or a homeowner looking for a significant renovation project in a Florida community with a complex market.

Key Features & Value Proposition:

• Exceptional Affordability: The recent sale price of $91,000 is remarkably low for a 3-bedroom home of this size in Florida. The median sold price for 3-bedroom homes in Palatka was $230,000 in May 2025, highlighting the deep discount this property offers.
• Generous Living Space & Lot: With 1,353 sqft and a 0.23-acre lot, the home provides a good amount of space for its price point. It also includes a carport.
• Balanced Market in Palatka: Palatka is currently a Neutral Housing Market, suggesting a relatively balanced supply and demand.
  • The median sold price for all homes in Palatka was $235,000 in May 2025, up 7.4% year-over-year.
  • 61.8% of homes in Palatka sold below asking price last month, indicating that buyers may have some negotiation leverage.
  • Homes typically sell after 71 days on the market, offering a reasonable timeframe for buyers.
• No HOA Fees: This property does not have HOA fees, contributing to lower ongoing ownership costs.
• Property Tax Information: The property taxes for 2024 were $2,733.78 (on an unknown assessed value, but the 2023 assessed value was $105,460 with taxes of $2,207). Given the recent sale price of $91,000, and the previous assessed value being higher, buyers should investigate how the new sale price will affect future property tax assessments.

Palatka Location & Lifestyle:

• Historic Town on St. Johns River: Palatka is a historic city in Putnam County, situated on the St. Johns River. It has a rich past and a downtown area with some historic architecture.
• Access to Nature: The city offers access to the St. Johns River for boating and fishing, and is within reach of various state parks and natural areas.
• Schools (Putnam County Public Schools): Assigned schools for this address include:
  • William D. Moseley Elementary School (K-6, 3/10 GreatSchools Rating, 0.6 mi away)
  • C. L. Overturf Jr 6th Grade Center (6th Grade, N/A GreatSchools Rating, 0.4 mi away)
  • Palatka High School (7-12, 2/10 GreatSchools Rating, 1.1 mi away)
  • Note: School ratings for this area are generally low. Families prioritizing highly-rated public schools may need to consider private options or school choice programs.

Important Considerations:

• Extensive Renovation Required (“As-Is”): Built in 1955 and sold at such a low price, this property will almost certainly require extensive renovation and repairs. Listings for comparable properties often mention “As-Is” sales. This implies cosmetic updates, significant system overhauls (plumbing, electrical, HVAC), and potentially major structural work or a new roof. The interior description mentions 2 rooms, indicating a potentially open or unfinished layout. This is unequivocally a project for an experienced investor or a highly motivated homeowner with a substantial renovation budget and the capacity to manage a major undertaking. The listing terms of “Cash” also suggest it may not qualify for traditional financing in its current condition.
• Single Bathroom: With 3 bedrooms and only 1 bathroom, most buyers will find this limiting. Adding a second bathroom would be a high-priority renovation for functionality and market appeal.
• High Crime Rate: Palatka has a notably high crime rate.
  • As of September 2023, Palatka had the third highest violent crime rate in Florida (577.8 per 100,000 residents), preceded only by Jacksonville and North Miami Beach. While violent crime has fallen by about 35% since 2022, it remains a significant concern.
  • The property crime rate for 2018 was also high (6078.15 per 100,000 population).
  • Buyers should thoroughly research and understand the localized crime statistics for the specific neighborhood and street from official police department sources to assess their comfort and safety levels.
• Flood Zone X (Minimal Risk): Good news for this property! Public records indicate a Flood Zone Code: X, which means it is in an area of minimal flood risk. Flood insurance is typically not required by lenders in Zone X, which can save on ongoing costs.
• Climate Risks: Palatka faces an “Extreme” Heat Factor (historically 8 days above 104°F per year, projected to increase) and an “Extreme” Wind Factor (extreme risk of severe winds over the next 30 years due to hurricane activity). Buyers should ensure their homeowner’s insurance adequately covers potential wind and storm damage.
• Utilities: The listing mentions “Sewer: Other” and “Utilities: Other,” which means buyers should verify the exact utility connections (e.g., septic, city water/sewer, well) during due diligence.

This home at 410 Moseley Ave presents a unique opportunity for an extremely low-cost entry into homeownership in Palatka. For the right buyer with a clear vision and resources for renovation, this property could be transformed into a comfortable and valuable asset. However, due diligence regarding its condition and the local crime rate is paramount.

Recently Sold for $91,000 – an unparalleled renovation opportunity in Palatka!