101 N LAKE Street, Crescent City, FL 32112

$179,000 Asking Price

3 beds
2 baths
904  sqft
Built in 1910

Discover a unique investment opportunity with this charming 1910-built home with commercial zoning, exuding historic character and modern potential. The main house showcases large baseboards, original hardwood floors, and a cozy brick fireplace. The highlight is the expansive screened-in porch offering a peek of Lake Crescent, perfect for relaxation or entertaining. Recent updates include a new roof in 2018 and a complete electrical system rewire, providing a solid foundation for further improvements. This property also features a versatile ADU attached to the garage, equipped with a kitchenette and bathroom, ideal for generating additional rental income or serving as a comfortable in-law suite. The oversized half-acre lot offers limitless possibilities for landscaping, gardening, or expansion to suit your vision. Located just steps from the boat ramp at Lake Crescent and the popular Three Bananas Restaurant, the home's prime location enhances its appeal. While this property boasts significant charm and potential, it does require additional work and renovations to reach its full potential. With an After Repair Value (ARV) well over $300,000, this home is a prime candidate for a fix-and-flip project or a lucrative Airbnb investment. Don't miss out on this blend of historic charm and modern opportunity waiting for your personal touch! Note: ADU and sun room Square Footage not included in total listed square footage.

Features & Amenities

Interior

General:
Guest Suite, In-Law Floorplan, Primary Downstairs
Appliances:
Convection Oven, Dishwasher, Electric Cooktop, Electric Oven
Laundry:
In Garage
Flooring:
Wood
A/C:
true, Wall/Window Unit(s)
Fireplace:
Electric, Wood Burning, Fireplace

Exterior

General:
Guest House, Other
Style:
Cottage, Craftsman, Historic, Multi Generational
Pool:
None
Parking:
Additional Parking, Carport, Detached, Garage, Off Street

Construction

Roofing:
Metal
General:
Frame, Wood Siding, 1

Location

Road/Access:
City Street
Originating MLS:
realMLS (Northeast Florida Multiple Listing Service)
County:
Putnam

Lot

Zoning:
CRESCENT CITY MB2 P30 BLK 11 S 150FT OF LOT 2, 301228175001100020
View:
Lake
Current Use:
Commercial, Residential

Utilities

Utilities:
Electricity Connected, Sewer Connected, Water Connected, 200+ Amp Service
Water:
Public
Sewer:
Public Sewer

Financial

Source:
realMLS (Northeast Florida Multiple Listing Service)
Listing Agent Compensation:
2.0 %
Buyers Agent Compensation:
2.0
NA Compensation:
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in reciprocal agreements.

This listing courtesy of:
RIVER AND COAST PROPERTY GROUP, BYRON GARBER

About Crescent City, FL

Housing

Number of Units
4,478
Median Home Value
$106,955
Median Rent
$533

31.71% of housing units are renter occupied.

23.43% are vacant.

Commute

Car
86.81%
Public Transportation
0.05%
Walk to Work
2.55%
Work from Home
10.38%
Other
0.21%

The median travel time to work is 37 minutes.

People

Population
8,520
Median Age
42.60
Median Household Size
2.55

Education

High School
36.35%
Associate’s Degree
5.53%
Bachelor’s Degree
8.86%
Graduate Degree
2.85%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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