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Off market
  • $232,900

    1021 W Government St, Pensacola, FL 32502

    2beds
    1,008sqft
    SingleFamily
    Built in 1955
    7,501 Square Feet Lot
    $232,900 Zestimate®
    $231/sqft
    $1,602 Estimated rent

    Home value

    $232,900

    $205,000 - $261,000

    $1,602/mo

    Zestimate® history
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    $1,637/mo

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    $1,637/mo

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    What's special

    Excellent investment! Proven vacation rental income. This updated home is conveniently situated in the desired Historic Tanyard neighborhood just steps away from Shoreline Foods, Joe Patti's seafood market, and George Artisan Bakery & Bistro; within a 1-mile walk on Government Street or Main Street past the Blue Wahoo Baseball Stadium to downtown Palafox Street where there's over 20 restaurants, bars and local shops. It has a proven rental record as a top-rated Airbnb property, plus the white sands of the beautiful Pensacola Beach are only a 15 minute drive. Investors: the house may be purchased with current furnishings, ready to continue as a vacation rental. Features and updates include: New windows, plumbing and crawlspace encapsulation/insulation, central air-conditioning; restored red oak hardwood floors, gas fireplace, gas stove oven, high-speed internet and Wi-Fi; Washer and gas dryer; excellent insulation with low energy consumption; Double-glazed, double-hung windows. Two spacious bedrooms ready for guests: Queen in bedroom 1 and a full and twin beds in bedroom 2, all with new mattresses, 450-thread count white cotton sheets, warm quilt blankets, fluffy pillows, and fresh white cotton towels. Bathroom has modern vanity and sink, brushed aluminum fixture, a large cast iron tub and shower with plenty of heat and pressure options with Oxygenics handheld shower head. The living room has 2 mid-century modern leather couches, 1 futon couch/bed, a flatscreen tv with local channels and a DVD player. The rear porch has patio table seating for four. The double lot has enclosed wire fencing all around with ample safe space to roam and play within the property and plenty of room to add an addition or a detached garage. A new owner could live here, rent it long-term, continue as an Airbnb, or add to the house and sell for a substantial profit. So many options!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dryer, Freezer, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Hardwood
    • Basement: None
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,008 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Off-street, On-street
    Features
    • Exterior features: Brick, Cement / Concrete
    • Has view: Yes
    • View description: City
    Lot
    • Size: 7,501 Square Feet
    Details
    • Parcel number: 000S009080009120
    • Zoning: RES SINGLE

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Other
    • Foundation: Wood
    • Roof: Shake / Shingle
    Condition
    • Year built: 1955

    Community & HOA

    Location
    • Region: Pensacola

    Financial & listing details

    • Price per square foot: $231/sqft
    • Tax assessed value: $193,769
    • Annual tax amount: $3,083

    Price history

    DateEventPrice
    10/2/2018Listing removed$199,900$198/sqft
    Source: Coldwell Banker Residential Real Estate #535028 Report a problem
    8/30/2018Price change$199,900-19.9%$198/sqft
    Source: Coldwell Banker Residential Real Estate - Pensacola Beach #535028 Report a problem
    4/27/2018Listed for sale$249,500+211.9%$248/sqft
    Source: Coldwell Banker Residential Real Estate #535028 Report a problem
    3/31/2017Sold$80,000$79/sqft
    Source: PAR #511666 Report a problem
    1/23/2017Listed for sale$80,000$79/sqft
    Source: OLD SOUTH PROPERTIES INC #511666 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,083 +6.1%$193,769 +2.7%
    2023$2,904 +7.1%$188,641 +4.8%
    2022$2,713 +14.8%$179,978 +35.8%
    2021$2,364 +7.2%$132,490 +5.8%
    2020$2,206 +9%$125,233 +9.9%
    2019$2,024 $113,900 +2.9%
    2018$2,024 +1.2%$110,740 +47.1%
    2017$2,001 +43.1%$75,259 +107.6%
    2016$1,399 +1032.8%$36,254 +0.7%
    2015$123 $36,002 +0.8%
    2014$123 $35,717 +1.5%
    2013-- $35,190 +1.7%
    2012-- $34,602 +3%
    2011-- $33,595 +1.5%
    2010-- $33,099 +2.7%
    2009-- $32,229 +0.1%
    2008-- $32,197 +3%
    2007-- $31,260 +2.5%
    2006-- $30,500 +3%
    2005-- $29,620 +3%
    2004-- $28,760 +1.9%
    2003-- $28,220 +2.4%
    2002-- $27,560 +1.6%
    2001-- $27,130 +3%
    2000-- $26,340 +2.7%
    1999-- $25,650
    Find assessor info on the county website

    Neighborhood: Renz-anna Villa

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: GLOBAL LEARNING ACADEMY
    • Middle: WORKMAN
    • High: PENSACOLA

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $232,900
    2% more
    +$4,658
    With Zillow Showcase(estimated)
    $237,558