Sold for $48,000

$48,000

5491 Brown St, Graceville, FL 32440

2beds

856sqft

Single Family Residence

Built in 1954

0.5 Acres Lot

$-- Zestimate^®

$56/sqft

$1,318 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,318/mo

Zestimate^® history

Owner options

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$1,318/mo

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$1,318/mo

Rent Zestimate^®

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$260/mo

Est. payment

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$260/mo

Est. payment

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What's special

New roofNew hardie board siding

Opportunity knocks in the heart of Graceville! This property is primed for investors or savvy buyers looking to build income-producing rentals. The existing structure has a strong head start with new Hardie board siding and a new roof already completed--the big-ticket exterior work is done for you. With interior renovations, you can quickly transform it into a 2-bedroom, 2-bathroom rental unit as the anchor for your project. But the real value lies in the expansion potential: this site is set up to add up to 6 additional units, with city water, sewer, and some power poles already in place. That's the infrastructure you need to scale and create an excellent multi-unit investment property, all within Graceville's convenient downtown setting. Whether you finish the remodel for a single rental or develop the entire property for maximum returns, this is a rare chance to step into a project with both momentum and huge upside.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Bedroom, Dining Room, Kitchen, Living Room

Bedroom

Dimensions: 11.17 x 11.94

Bedroom

Dimensions: 11.23 x 11.94

Dining room

Dimensions: 8.65 x 11.61

Kitchen

Dimensions: 18.04 x 10.09

Living room

Dimensions: 17.71 x 11.02

Interior area

Total structure area: 856
Total interior livable area: 856 sqft

Property

Features

Levels: One
Stories: 1

Lot

Size: 0.5 Acres
Dimensions: 261.5 x 180.4 x 258

Details

Parcel number: 357N13006700000040
Zoning description: Resid Multi-Family

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence

Materials

HardiPlank Type

Condition

New construction: No
Year built: 1954

Utilities & green energy

Utilities for property: None, Sewer Available

Community & HOA

Community

Features: Short Term Rental Allowed
Subdivision: No Named Subdivision

HOA

Has HOA: No

Location

Region: Graceville

Financial & listing details

Price per square foot: $56/sqft
Tax assessed value: $42,325
Annual tax amount: $835
Date on market: 3/31/2026
Cumulative days on market: 231 days

Price history

Date	Event	Price
5/12/2026	Sold	$48,000-4%$56/sqft
Source: CPAR #778729 Report a problem
4/28/2026	Pending sale	$50,000$58/sqft
Source: CPAR #778729 Report a problem
3/31/2026	Listed for sale	$50,000$58/sqft
Source: CPAR #778729 Report a problem
2/19/2026	Pending sale	$50,000$58/sqft
Source: CPAR #778729 Report a problem
2/13/2026	Price change	$50,000-35.1%$58/sqft
Source: CPAR #778729 Report a problem
2/3/2026	Price change	$77,000-22.9%$90/sqft
Source: CPAR #778729 Report a problem
11/4/2025	Price change	$99,900-9.2%$117/sqft
Source: CPAR #778729 Report a problem
9/8/2025	Listed for sale	$110,000-12%$129/sqft
Source: CPAR #778729 Report a problem
1/21/2024	Listing removed	--
Source: CPAR #748261 Report a problem
10/23/2023	Listed for sale	$125,000+58.2%$146/sqft
Source: CPAR #748261 Report a problem
6/16/2020	Listing removed	$79,000$92/sqft
Source: Hometown Realty Team LLC #691853 Report a problem
1/31/2020	Listed for sale	$79,000+75.6%$92/sqft
Source: Hometown Realty Team LLC #691853 Report a problem
1/28/2005	Sold	$45,000$53/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$734 +5.8%	$42,325
2024	$694 +9%	$42,325 +2.5%
2023	$636 -47.4%	$41,311 -44.1%
2022	$1,211 +11.8%	$73,945 +14.9%
2021	$1,083 +5.9%	$64,345 +7.9%
2020	$1,023 -2.2%	$59,619 +1.7%
2019	$1,046 0%	$58,616
2018	$1,046 -7.6%	$58,616 +0.7%
2017	$1,132	$58,221 +0.5%
2016	$1,132 +1.8%	$57,945 +0.5%
2015	$1,112 -0.8%	$57,673 +1.7%
2014	$1,122	$56,698 +0.7%
2013	--	$56,303
2012	--	$56,303 -3.2%
2010	--	$58,176 +19.6%
2003	--	$48,639 -12%
2001	--	$55,276 +1.5%
2000	--	$54,475