505 Lancaster Street, #3C, Jacksonville, FL, 32204-4136 | $526,000

Come and see this very rare opportunity on the downtown Jacksonville riverfront. Conveniently located within walking distance of historic Five-Points of shops, restaurants, park, theater and museum. It is also close to schools, churches and Ascension St. Vincent's Riverside Hospital. This Condominium highlights stunning views of the St. Johns River from the front door. The spacious, open floor plan features three oversized bedrooms with a large master bedroom complete with on-suite bath, vanity, walk-in closet and outdoor balcony. One of the bedrooms has been updated with real oak built-in shelving that is great for a home office and also includes an outdoor balcony. A brand, new HVAC system has been recently installed to give you state-of-the-art climate control with peak efficiency. The large kitchen includes real wood cabinets and a breakfast nook that is perfect for entertaining guests. Another outstanding feature is a dedicated laundry room with full sized washer and dryer. This unit is zoned Multifunctional so that you can operate your office and or live in it. Access to Unit 3C are just four steps away from the elevators to the double door entrance. Park Plaza is an immaculately maintained, safe and secure building features: electronic keyless entry, two large elevators, gated underground parking, two large meeting rooms with its own kitchen and a swimming pool with two lap lanes. This building has just passed its Milestone Inspection with an A rating and has two emergency back-up generators, new paint, roof and updated, energy efficient LED lighting. It also has ample above ground guest parking. Additional amenities of Unit 3C include: A storage closet located next to the unit on the third floor and another large storage closet located in the underground parking garage just steps to the entrance to the building and elevator along with an additional parking space. This property is being sold “As-Is” and all appliances and furniture are conveyed with the sale and is being shown by appointment or for buyer’s agents there is a Supralockbox for your convenience.

Features

  • Parking: Parking Garage,Garage Door Opener,Gated
  • Heating: Central,Electric
  • Cooling: Central,Electric
  • Levels: 15
  • Amenities: Clubhouse,Community Pool Unheated,Waterfront,Restaurant,Sidewalk,Street Lights
  • Bedrooms: 3
  • Baths: 2 full
  • Lot Size: 1.14 acres
  • Complex: Park Plaza
  • Year Built: 1984
  • Common Charge: $1,018
  • Approx Sq. Feet: 1,635
  • Est. Taxes: $8,371
  • Lot Desc: River Front,River View,Water Front,Water View
  • Water Front: Yes
  • Boat Access: No
  • MLS#: 255941
  • Days on Market: 211 days
  • Website: https://www.raveis.com
    /prop/255941/505lancasterstreet_jacksonville_fl?source=qrflyer
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Listing courtesy of Bosshardt Realty Services LLC

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

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505 Lancaster Street, #3C, Jacksonville, FL, 32204-4136

$526,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $420,800 $420,800 $420,800
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.474% 6.640% 5.972%
Monthly Tax Payment $698 $698 $698
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,591 $2,657 $3,494
Total Monthly Payment $3,381 $3,447 $4,284

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.