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This charming residential property, built in 1929, is located on 1408 East Bobe Street in the historic neighborhood of New City Tract in Pensacola, FL. With a cozy 1 bedroom and 1 bathroom, this property boasts a living space of 1517 square feet and sits on a spacious lot of 15,900 square feet. The property was last sold in April 2020 for $270,000 and has an assessed value of $281,318, making it a great investment opportunity. A lovely fireplace and a floor/wall furnace make for cozy winter nights, and the property also includes a bonus of having 1,200 square feet of additional living space in the upper level.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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