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Circa 1930, 116 Colon Avenue is a captivating blend of historic charm and modern enhancements set against the scenic backdrop of Fort Mose Historic Park. Motivated sellers have now priced the property well below recent appraisal of $395, 000. This compound offers not only a beautifully maintained 3-bedroom, 1-bathroom furnished main residence but also a 600-square-foot detached furnished studio garage! The main home spans 1, 451 square feet and exudes the warmth and nostalgia of Old Florida while thoughtfully updated for today’s lifestyle. At the front of the home, a cheerful Florida room welcomes you with natural light and a relaxing atmosphere. Inside, a cozy living room leads into the dining room, which connects seamlessly to a bright, well-appointed kitchen featuring ample cabinetry, a built-in breakfast nook, large pantry/storage room and fresh sunlight. Down a quiet hallway, the bedrooms are comfortably positioned for privacy. Enhancing the property’s appeal is the detached studio garage—an impressive 600-square-foot space complete with a full bathroom, laundry area, kitchenette, and flexible open layout, perfect for guests, creative pursuits, or rental potential. Whether you envision a guest house, private office, or multi-generational space, this flexible addition is ready to meet your needs. Out back, enjoy tranquil mornings or evening breezes from the rear porch, perfect for outdoor lounging or casual entertaining. The fenced property offers plenty of room for gardening, a pool or storage in the detached shed. Coveted rear access from the neighboring road—ideal for added convenience and functionality. Short term rentals can be done here if you're looking for additional income. Located just a short bike ride from Historic Downtown St. Augustine’s vibrant shops, restaurants, and cafes—and only minutes from the beach/boat ramps—this home is a rare opportunity to own a piece of Florida’s history with the freedom and comfort of modern living. Offered with a 1 year home warranty. Come experience the charm of 116 Colon Avenue—where some history, heart, and home come together.
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$369,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $295,200 | $295,200 | $295,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.625% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.609% | 6.776% | 6.078% |
| Monthly Tax Payment | $242 | $242 | $242 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,818 | $1,890 | $2,471 |
| Total Monthly Payment | $2,135 | $2,207 | $2,788 |
* 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.