318 S Palmetto Ave Sanford, FL 32771
Property details
About 318 S Palmetto Ave
The Sirrine House is one of the most Historic buildings in the city. It is the oldest hotel still standing in Sanford. It was converted to apartments in 1929. It's located just 2 blocks south of 1st Street and 4 from beautiful Lake Monroe and the St Johns Riverwalk. This 9/10 unit apartment building is loaded with History and Charm on .34 acres in the heart of Downtown. Eight units have refinished original hardwood floors, some wood doors with glass knobs, many boast 10 foot ceilings, picture rails and plenty of natural light and windows. Other historic features include, claw foot tubs, drain board kitchen sinks, tin ceilings and walls. Also, built in cabinets and wardrobes in the bedrooms. There are porches and balconies with tree top views surrounding the building. There is an outside paver patio area for residents to use under the beautiful oak tree. What’s not to love about Historic Sanford! It’s an amazing walking community with unique shops, award winning restaurants, so many night spots with live music and micro breweries. The building has many updates: Re-piped, metal roofs replaced, refinished original hardwood floors, gutters, intellijack steal supports, fire alarm panel, cellular communicator, fire sprinkler system and on going repairs and maintenance. Over the years the property has experienced excellent occupancy and many long-term tenants with rents received on or before the 1st of the month. THREE OF THE UNITS ARE FURNISHED with higher rental rates. Several rents are lower than market value because of long term, amazing tenants. There is an unfinished 10th unit. This is a Terrific opportunity to own an Income Property in the Heart of Historic Sanford, A MUST SEE!
Highlights
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Summary
- MLS Number: O6245237
- MLS Name: MFRMLS
- Office Name: PREMIUM PROPERTIES REAL ESTATE
- Office Phone: (407) 380-2800
- Listing Agent: Debbie Weaver
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Last updated on: 3/14/2025, 12:20:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,477,700
318 S Palmetto Ave
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $523,298 | $9,210 |
| 2022 | $508,921 | $9,088 |
| 2021 | $427,019 | $7,790 |
| 2020 | $426,268 | $7,827 |
| 2018 | $402,289 | $7,550 |
| 2017 | $394,478 | $7,511 |
History based on county public records data.
Nearby schools
6
Hamilton Elementary School of Engineering & Technology
Public Magnet KG-5
0.8 mi
•1501 E 8th St
8
Goldsboro Elementary Magnet
Public Magnet PK-5
1.3 mi
•1300 W 20th St
4
Pine Crest Elementary Magnet School
Public Magnet KG-5
2.2 mi
•405 W 27th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,113. Typical income of Sanford, FL residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Soccer- UFC
Where do the neighbors shop?
Burlington
Forever 21
Family Dollar
Where do the neighbors go to eat?
Popeyes
Dominos Pizza
Burger King
What do the neighbors drive?
Dodge
Mazda
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
This home is located at 318 S Palmetto Ave in Sanford, FL and zip code 32771. This 6,112 square foot home, which was built in 1901, sits on a 0.34 acre lot. Features: 9 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $1,477,700.
In February 2025 more than 9 listings in Sanford, FL were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 39 were sold below. The number of listings in Sanford, FL increased by 6% between January and February 2025. In February 2025 median list price was $367,084 and the average listing age was 68 days.