728 Walker Ave SW · Live Oak, FL 32064

$213,000

4 bd · 2.0 ba · 2,252 sqft · SingleFamily public records · 79 Days on market

Built 1940 $95/sqft · 20% below area Est $268k · 20% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +10.0/30.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• 1% rule +2.9/10.0
• DSCR +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Have you ever noticed how difficult it is to find an established home that offers both historic character and the peace of mind that comes with major modern updates? This expansive 2,200+ sq. ft. residence at 728 Walker Ave SW provides a rare foundation for your next chapter, situated on a generous .26-acre corner lot with no HOA restrictions and just minutes from local schools. We believe in being disarmingly upfront about the property: while the home is currently occupied and shows the natural clutter of daily life, we invite you to look past the personal belongings to see the solid 1949 craftsmanship, original wood flooring, and spacious four-bedroom layout underneath. The ''heavy lifting'' is already finished, as you are moving in with a new architectural shingle roof and updated electrical panel both completed in 2022, along with new windows installed in 2021. Featuring a large kitchen with stainless steel appliances and a fully fenced backyard perfect for pets or gardening, this home serves as a clean, move-in-ready blank canvas. We have priced the property specifically to allow for standard cosmetic homeowner updates, providing a clear path for you to build immediate equity in a spacious, high-character estate. If you've been searching for a home with real "bones" and the security of newer major systems, does it make sense to come take a look this week and see the potential for yourself?

Key facts

• Major modern updates
• No hoa restrictions
• Historic character

Tags

• HISTORIC CHARACTER
• MAJOR MODERN UPDATES
• CORNER LOT
• NO HOA RESTRICTIONS
• SOLID CRAFTSMANSHIP
• ORIGINAL WOOD FLOORING

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $213k.

Deal economics

• At list price, monthly cash flow is $-128 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $190k (10.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $168k (21.3% below list).
• Recommended offer: $168k (21.3% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 2.7% in Live Oak — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#448 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment F.
• Suwannee (town): math 45% / reading 44% proficiency, ranked #52 of 73 in FL (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Suwannee Middle School (math 43% / reading 38%, grade F, #360 of 571 statewide, top 64%, 989 students, 64% FRL) — zoned schools at 64% FRL track the district average.
• Market conditions: 52 active listings in the ZIP; 138 units permitted in Suwannee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($200k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $27k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $180k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $167,632 (21.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.79% ✗
• Cap rate: 5.57%
• Cash-on-cash: -2.57%
• DSCR: 0.89
• GRM: 10.6

CMA / ARV

• ARV (median comp): $267,611
• List price: $213,000
• Delta: -20.41%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
712 SW Pine Ave	0.44mi	4/3.0	2,024 (-10%)	10mo	$285,000	$141	51
1212 SE Darrow Ave	0.71mi	4/2.0	2,380 (+6%)	12mo	$278,000	$117	48
831 SW Coliseum Ave	0.61mi	5/3.5 (+1)	2,420 (+8%)	10mo	$262,500	$108	40
990 SW Coliseum Ave	0.67mi	3/3.0 (-1)	2,316 (+3%)	21mo	$330,000	$142	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -20.6%
• Equity multiple: 0.29×
• Total profit: $-42,631
• Equity at exit: $31,759

10-year hold

• IRR: -13.8%
• Equity multiple: 0.20×
• Total profit: $-47,536
• Equity at exit: $18,416

Cash invested: $59,640 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32064

• Home prices YoY: -18.4%
• Active inventory: 52
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,676 medium
• Mortgage (P&I): −$1,117
• Tax from tax record: −$246 /mo · $2,954/yr
• Insurance: −$89
• HOA: −$0
• Vacancy / Maint / Mgmt: −$352
• Net cashflow: $-128

Break-even live

Break-even rent $1,838

Max offer price $190,454

Occupancy floor —

Sensitivity live

Price	-10% $-7	-5% $-67	+0% $-128	+5% $-188	+10% $-248
Rent	-10% $-260	-5% $-194	+0% $-128	+5% $-61	+10% $5
Rate	-1.0pp $-20	-0.5pp $-73	base $-128	+0.5pp $-183	+1.0pp $-239

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $53,250
• Closing costs: $6,390
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-22
   days on market $213,000 Active 79 DOM
2. 2026-06-19
   days on market $213,000 Active 76 DOM
3. 2026-06-18
   days on market $213,000 Active 75 DOM
4. 2026-06-17
   days on market $213,000 Active 74 DOM
5. 2026-06-17
   price $213,000 Active 73 DOM
6. 2026-06-16
   days on market $216,000 Active 73 DOM
7. 2026-06-15
   days on market $216,000 Active 72 DOM
8. 2026-06-14
   days on market $216,000 Active 70 DOM
9. 2026-06-12
   pricedays on market $216,000 Active 69 DOM
10. 2026-06-09
    days on market $219,000 Active 66 DOM
11. 2026-06-08
    days on market $219,000 Active 65 DOM
12. 2026-06-07
    days on market $219,000 Active 64 DOM
13. 2026-06-03
    days on market $219,000 Active 60 DOM
14. 2026-06-02
    pricedays on market $219,000 Active 59 DOM
15. 2026-06-01
    days on market $222,000 Active 58 DOM
16. 2026-05-31
    days on market $222,000 Active 57 DOM
17. 2026-05-30
    days on market $222,000 Active 56 DOM
18. 2026-05-12
    price $227,500 1427-char remark

    Show marketing remark (1427 chars)

    Have you ever noticed how difficult it is to find an established home that offers both historic character and the peace of mind that comes with major modern updates? This expansive 2,200+ sq. ft. residence at 728 Walker Ave SW provides a rare foundation for your next chapter, situated on a generous .26-acre corner lot with no HOA restrictions and just minutes from local schools. We believe in being disarmingly upfront about the property: while the home is currently occupied and shows the natural clutter of daily life, we invite you to look past the personal belongings to see the solid 1949 craftsmanship, original wood flooring, and spacious four-bedroom layout underneath. The ''heavy lifting'' is already finished, as you are moving in with a new architectural shingle roof and updated electrical panel both completed in 2022, along with new windows installed in 2021. Featuring a large kitchen with stainless steel appliances and a fully fenced backyard perfect for pets or gardening, this home serves as a clean, move-in-ready blank canvas. We have priced the property specifically to allow for standard cosmetic homeowner updates, providing a clear path for you to build immediate equity in a spacious, high-character estate. If you've been searching for a home with real "bones" and the security of newer major systems, does it make sense to come take a look this week and see the potential for yourself?

19. 2026-05-05
    price $230,000 1427-char remark

    Show marketing remark (1427 chars)

    Have you ever noticed how difficult it is to find an established home that offers both historic character and the peace of mind that comes with major modern updates? This expansive 2,200+ sq. ft. residence at 728 Walker Ave SW provides a rare foundation for your next chapter, situated on a generous .26-acre corner lot with no HOA restrictions and just minutes from local schools. We believe in being disarmingly upfront about the property: while the home is currently occupied and shows the natural clutter of daily life, we invite you to look past the personal belongings to see the solid 1949 craftsmanship, original wood flooring, and spacious four-bedroom layout underneath. The ''heavy lifting'' is already finished, as you are moving in with a new architectural shingle roof and updated electrical panel both completed in 2022, along with new windows installed in 2021. Featuring a large kitchen with stainless steel appliances and a fully fenced backyard perfect for pets or gardening, this home serves as a clean, move-in-ready blank canvas. We have priced the property specifically to allow for standard cosmetic homeowner updates, providing a clear path for you to build immediate equity in a spacious, high-character estate. If you've been searching for a home with real "bones" and the security of newer major systems, does it make sense to come take a look this week and see the potential for yourself?

20. 2026-04-27
    price $233,000 1427-char remark

    Show marketing remark (1427 chars)

    Have you ever noticed how difficult it is to find an established home that offers both historic character and the peace of mind that comes with major modern updates? This expansive 2,200+ sq. ft. residence at 728 Walker Ave SW provides a rare foundation for your next chapter, situated on a generous .26-acre corner lot with no HOA restrictions and just minutes from local schools. We believe in being disarmingly upfront about the property: while the home is currently occupied and shows the natural clutter of daily life, we invite you to look past the personal belongings to see the solid 1949 craftsmanship, original wood flooring, and spacious four-bedroom layout underneath. The ''heavy lifting'' is already finished, as you are moving in with a new architectural shingle roof and updated electrical panel both completed in 2022, along with new windows installed in 2021. Featuring a large kitchen with stainless steel appliances and a fully fenced backyard perfect for pets or gardening, this home serves as a clean, move-in-ready blank canvas. We have priced the property specifically to allow for standard cosmetic homeowner updates, providing a clear path for you to build immediate equity in a spacious, high-character estate. If you've been searching for a home with real "bones" and the security of newer major systems, does it make sense to come take a look this week and see the potential for yourself?

21. 2026-04-23
    price $235,500 1427-char remark

    Show marketing remark (1427 chars)

    Have you ever noticed how difficult it is to find an established home that offers both historic character and the peace of mind that comes with major modern updates? This expansive 2,200+ sq. ft. residence at 728 Walker Ave SW provides a rare foundation for your next chapter, situated on a generous .26-acre corner lot with no HOA restrictions and just minutes from local schools. We believe in being disarmingly upfront about the property: while the home is currently occupied and shows the natural clutter of daily life, we invite you to look past the personal belongings to see the solid 1949 craftsmanship, original wood flooring, and spacious four-bedroom layout underneath. The ''heavy lifting'' is already finished, as you are moving in with a new architectural shingle roof and updated electrical panel both completed in 2022, along with new windows installed in 2021. Featuring a large kitchen with stainless steel appliances and a fully fenced backyard perfect for pets or gardening, this home serves as a clean, move-in-ready blank canvas. We have priced the property specifically to allow for standard cosmetic homeowner updates, providing a clear path for you to build immediate equity in a spacious, high-character estate. If you've been searching for a home with real "bones" and the security of newer major systems, does it make sense to come take a look this week and see the potential for yourself?

22. 2026-04-16
    price $237,500 1427-char remark

    Show marketing remark (1427 chars)

    Have you ever noticed how difficult it is to find an established home that offers both historic character and the peace of mind that comes with major modern updates? This expansive 2,200+ sq. ft. residence at 728 Walker Ave SW provides a rare foundation for your next chapter, situated on a generous .26-acre corner lot with no HOA restrictions and just minutes from local schools. We believe in being disarmingly upfront about the property: while the home is currently occupied and shows the natural clutter of daily life, we invite you to look past the personal belongings to see the solid 1949 craftsmanship, original wood flooring, and spacious four-bedroom layout underneath. The ''heavy lifting'' is already finished, as you are moving in with a new architectural shingle roof and updated electrical panel both completed in 2022, along with new windows installed in 2021. Featuring a large kitchen with stainless steel appliances and a fully fenced backyard perfect for pets or gardening, this home serves as a clean, move-in-ready blank canvas. We have priced the property specifically to allow for standard cosmetic homeowner updates, providing a clear path for you to build immediate equity in a spacious, high-character estate. If you've been searching for a home with real "bones" and the security of newer major systems, does it make sense to come take a look this week and see the potential for yourself?

23. 2026-04-03
    listed $240,000 Active 1427-char remark

    Show marketing remark (1427 chars)

    Have you ever noticed how difficult it is to find an established home that offers both historic character and the peace of mind that comes with major modern updates? This expansive 2,200+ sq. ft. residence at 728 Walker Ave SW provides a rare foundation for your next chapter, situated on a generous .26-acre corner lot with no HOA restrictions and just minutes from local schools. We believe in being disarmingly upfront about the property: while the home is currently occupied and shows the natural clutter of daily life, we invite you to look past the personal belongings to see the solid 1949 craftsmanship, original wood flooring, and spacious four-bedroom layout underneath. The ''heavy lifting'' is already finished, as you are moving in with a new architectural shingle roof and updated electrical panel both completed in 2022, along with new windows installed in 2021. Featuring a large kitchen with stainless steel appliances and a fully fenced backyard perfect for pets or gardening, this home serves as a clean, move-in-ready blank canvas. We have priced the property specifically to allow for standard cosmetic homeowner updates, providing a clear path for you to build immediate equity in a spacious, high-character estate. If you've been searching for a home with real "bones" and the security of newer major systems, does it make sense to come take a look this week and see the potential for yourself?

24. 2022-03-31
    soldstatus $180,000 398-char remark

    Show marketing remark (398 chars)

    This beautiful turn key ready home is perfectly located in the heart of Live Oak with a quick commute to Suwannee County schools, restaurants, local grocery stories, and more. Your bags are all you will need to bring when you move to this beautifully updated home. New windows 2021, updated electoral panel 2022, new floors 2021, fenced back yard, and a big kitchen with stainless steel appliances.

25. 2022-03-31
    soldstatus $180,000

    Show marketing remark (398 chars)

    This beautiful turn key ready home is perfectly located in the heart of Live Oak with a quick commute to Suwannee County schools, restaurants, local grocery stories, and more. Your bags are all you will need to bring when you move to this beautifully updated home. New windows 2021, updated electoral panel 2022, new floors 2021, fenced back yard, and a big kitchen with stainless steel appliances.

26. 2022-02-16
    soldstatus $180,000
27. 2022-02-10
    listed $175,000 398-char remark

    Show marketing remark (398 chars)

    This beautiful turn key ready home is perfectly located in the heart of Live Oak with a quick commute to Suwannee County schools, restaurants, local grocery stories, and more. Your bags are all you will need to bring when you move to this beautifully updated home. New windows 2021, updated electoral panel 2022, new floors 2021, fenced back yard, and a big kitchen with stainless steel appliances.

28. 2003-07-29
    soldstatus $69,600
29. 1996-07-01
    soldstatus $36,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,954 · $246/mo
• Projected year-2 tax: $2,954 · $246/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,116
• − Mortgage interest: −$11,931
• − Property taxes: −$2,954
• − Insurance: −$1,065
• − Repairs & maintenance: −$1,609
• − Management: −$1,609
• − Depreciation: −$6,196
• Taxable loss: −$5,249
• Est. tax savings @ 24.0%: +$1,260
• After-tax cash flow: $-272/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Suwannee
• NCES district ID: 1201830
• Math proficiency: 45% ▼ -4.00%
• Reading proficiency: 44% ▼ -5.00%
• Median HH income: $37,785
• Composite: 37.07/100
• National rank: #4503
• State rank: #52 of 73 in FL

Livability — Live Oak

• Score: 70/100
• State rank: #448
• US rank: #8100

Category grades

Amenities F Commute F Cost of living A+ Crime C+ Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Live Oak, FL
• Population (ZIP): 7,661

Population outlook (Suwannee County) Hauer SSP2

• Today (2025): 45,226 people
• By 2030: 45,833 · +1.3%
• By 2040: 46,631 · +3.1%
• By 2050: 46,544 · +2.9%
• By 2075: 43,635 · -3.5%
• By 2100: 34,318 · -24.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 49% Black 28% Two or more races 15% Hispanic / Latino 10%
• Hispanic origin (detail): Mexican 4% Cuban 3%
• Common ancestry: Lithuanian 2% Serbian 1% Italian 0%
• Foreign-born: 4% · Canada
• Languages at home: 90% English-only · Spanish 9% Other Indo-European 1%

Political lean MEDSL · Suwannee

• 2024 margin: Solid R (+61.0) · D 19.3% · R 80.2%
• 2008→2024 swing: -17.8pp toward R · 2008: -43.1pp · 2024: -61.0pp
• All cycles: 2024: R+61.0 2020: R+56.6 2016: R+55.3 2012: R+45.0 2008: R+43.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -36.91%
• Current HPI: 163.2985
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+531.9% since first listed

12 events — show timeline

• 2026-05-12 Price Changed $227,500 realMLS
• 2026-05-05 Price Changed $230,000 realMLS
• 2026-04-27 Price Changed $233,000 realMLS
• 2026-04-23 Price Changed $235,500 realMLS
• 2026-04-16 Price Changed $237,500 realMLS
• 2026-04-03 Listed $240,000 realMLS
• 2022-03-31 Sold (Public Records) $180,000 Public Records
• 2022-03-31 Sold (MLS) $180,000 Stellar MLS as Distributed by MLS Grid
• 2022-02-16 Sold (MLS) $180,000 NFMLS
• 2022-02-10 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2003-07-29 Sold (Public Records) $69,600 Public Records
• 1996-07-01 Sold (Public Records) $36,000 Public Records

Property tax history

+13.0%/yr

Latest (2025): $2,954 · +2.7% YoY. Source: county tax records.