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Located at 361 East Peniel Road in the serene environment of Palatka, FL, this spacious residential property was built in 1954 and offers a remarkable blend of charm and functionality. Set on a generous lot of approximately 169,448 square feet, this home featured a total living space of 3,626 square feet with an impressive configuration of 7 bedrooms and 5 bathrooms, making it ideal for large families or entertaining guests. The property also included a cozy fireplace and a garage space of 650 square feet, ensuring both comfort and convenience. As of a previous assessment, the market value stood at $496,950, highlighting its significant worth in today's real estate landscape.
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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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