58 Saragossa St, Saint Augustine, FL, 32084 | $975,000

The possibilities are endless for this Landmark Historic Church, with the flexibility to convert into two separate highly successful short-term rentals or reconfigure for multigenerational living. Once the Memorial Lutheran Church, this awe-inspiring property with RG-1 Zoning (nightly rentals allowed) is currently a single family home that is divided into two distinct areas: The Church and The Annex. Built between 1918 and 1930, the redesign of this architecturally significant structure maintains its original context and character. With distinctive pointed windows and a flat steeple, the open living concept is taken to the next level. The entryway leads to a great room with soaring cathedral ceilings, original woodwork details and gracefully-aged hardwood floors. The loft bedroom was once the gallery housing the church bells and music. The annex building, a separate concrete block suite, feels like an urban pied-à-terre with courtyard and beautifully designed new landscape. The home is nestled in the Model Land Company’s well-defined neighborhood immediately west of the St. Augustine National Historic Landmark District. This area represents the finest collection of nineteenth and twentieth century Flagler-era buildings in St. Augustine. Recently updated in 2022 with brand new metal roof, upgraded plumbing and electric and more, this income-producing property is operating as a successful nightly short term rental. Don't miss the opportunity to become the new custodian of this notable historic treasure in Historic St. Augustine, FL.

Features

  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Lot Size: 55x67
  • Style: 2 Story,Historic,Traditional,Victorian
  • Year Built: 1918
  • Heating: Central
  • Cooling: Central
  • Approx Sq. Feet: 2,536
  • Lot Size: 55x67
  • Est. Taxes: $8,383
  • Lot Desc: City, Paved
  • Elem. School: Ketterlinus Elementary
  • Middle School: Sebastian Middle
  • High School: St. Augustine High
  • MLS#: 240601
  • Days on Market: 40 days
  • Website: https://www.raveis.com
    /prop/240601/58saragossast_saintaugustine_fl?source=qrflyer
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Listing courtesy of One Sotheby's International Realty

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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58 Saragossa St, Saint Augustine, FL, 32084

$975,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $780,000 $780,000 $780,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.875% 6.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.851% 7.002% 6.956%
Monthly Tax Payment $699 $699 $699
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $5,255 $5,124 $6,902
Total Monthly Payment $6,046 $5,915 $7,693

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.