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Off market
  • $449,400

    501 E Government St, Pensacola, FL 32502

    4beds
    2,271sqft
    SingleFamily
    Built in 1908
    3,920 Square Feet Lot
    $449,400 Zestimate®
    $198/sqft
    $2,995 Estimated rent

    Home value

    $449,400

    $355,000 - $562,000

    $2,995/mo

    Zestimate® history
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    What's special

    Location, elevation, and timing did I mention LOCATION?!?! Situated one block from Seville Square, 9 doors to be exact, this historic raised wood frame Gulf Coast Cottage with its deep front porch will take you back to a time when life was simpler, and the warm summer air beckoned high ceilings and large opened windows overlooking lively streets. Built in 1908, this stately 2,271 square foot home sits on the corner of E Government St. and S Florida Blanca. What makes this property unique is the four well propertied bedrooms and three full baths, practically impossible to find in Pensacolas surrounding Seville neighborhood. The current owners purchased this cottage in 2013 and completed much heavy lifting; upgrades include two new Carrier HVAC systems, two new Gree mini splits, all new custom windows, new metal roof by Professional Roofing Co., plus two new water heaters, both electrical and a gas Rinnai. The property has been completely re plumbed including a complete rewire of the electrical allowing its new owners to be prepped and ready for the layout of their future kitchen. This historic cottage is a blank slate, the property has been stripped and opened, making it an easy canvas for its new owners future vision. Zoned HC-1, 501 E Government St is perfect for either commercial office or residential use. Truly, this piece of real estate is one of the last opportunities to own a historic property on a million-dollar street in downtowns most desired location. Although there is still much to do, and it would be a sizeable investment, the finished product would create significant equity. You would be making a very sound investment that you could enjoy for years to come. Be a part of all that the downtown lifestyle has to offer.

    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: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • None
    Cooling
    • None
    Features
    • Flooring: Softwood, Hardwood
    Interior area
    • Total interior livable area: 2,271 sqft

    Property

    Features
    • Exterior features: Other
    Lot
    • Size: 3,920 Square Feet
    Details
    • Parcel number: 000S009001001093

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Wood
    • Foundation: Wood
    • Roof: Shake / Shingle
    Condition
    • Year built: 1908

    Community & HOA

    Location
    • Region: Pensacola

    Financial & listing details

    • Price per square foot: $198/sqft
    • Tax assessed value: $258,169
    • Annual tax amount: $4,390

    Price history

    DateEventPrice
    11/1/2022Listing removed--
    Source: PAR #607348 Report a problem
    7/22/2022Price change$1,100,000-8.3%$484/sqft
    Source: PAR #607348 Report a problem
    5/16/2022Listed for sale$1,200,000$528/sqft
    Source: PAR #607348 Report a problem
    5/5/2022Listing removed--
    Source: PAR #607348 Report a problem
    4/20/2022Listed for sale$1,200,000+84.6%$528/sqft
    Source: PAR #607348 Report a problem
    1/19/2022Listing removed--
    Source: RE/MAX International Report a problem
    6/3/2021Listed for sale$650,000+324.8%$286/sqft
    Source: PAR #590868 Report a problem
    9/4/2013Sold$153,000+17.7%$67/sqft
    Source: PAR #444516 Report a problem
    6/14/2013Sold$130,000$57/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$4,390 +20.6%$258,169 +1.9%
    2023$3,639 +3.9%$253,359 +15.7%
    2022$3,501 +7.2%$218,963 +10.8%
    2021$3,266 +12.6%$197,646 +14.2%
    2020$2,902 +6.1%$172,997 +2.2%
    2019$2,736 $169,307 +28.3%
    2018$2,736 +14.1%$132,003 +9.8%
    2017$2,399 +7.7%$120,212 -0.7%
    2016$2,228 -0.2%$121,021 +2%
    2015$2,232 $118,596 +22.2%
    2014$2,232 $97,081 +40.9%
    2013-- $68,877 -7.2%
    2012-- $74,239 -4.7%
    2011-- $77,908 -0.3%
    2010-- $78,150 -1.5%
    2009-- $79,359 -11.4%
    2008-- $89,521 -0.6%
    2007-- $90,040 -5%
    2006-- $94,790 +16.8%
    2005-- $81,160 +10.4%
    2004-- $73,520 +34%
    2003-- $54,860 +26.5%
    2002-- $43,360 -1.4%
    2001-- $43,970 +6.9%
    2000-- $41,140
    Find assessor info on the county website

    Neighborhood: Baymarc

    Nearby schools

    GreatSchools rating
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    $449,400
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    With Zillow Showcase(estimated)
    $458,388