David, This home is available and is on the St Johns County MLS. MLS # 114762. The listing agent is JOHN BUCHANAN of ALL AMERICAN PROPERTIES, INC. He can be reached at (904) 529-7050. John represents a lot of bank owned properties in st augustine and may be able to provide you with a list of needed repairs. His e-mail address is firstname.lastname@example.org . At $48,000 it would be worth having a Home inspection done on the property prior to closing. Most home inspections will run around $400 - $500 but a list of needed repairs and photos can be provided for you by most home inspectors. There are many good home inspectors in St Augustine. I use David Lord with home tech home inspections. His number is (904) 669-6097 http://www.hometechinspections.com
. You will be taxed on assest value at a rate of 1.45390 percent of the fair market value. It is currently assest at $115,000. Your taxes should be no more then $1400 per year. They could be as low as $700 per year.
I hope this information points you in the right direction. I wish you the best of luck in your home buying experience. This is a very exciting time for people that could not afford to live in St Augustine in the past.
RE/MAX 100 Realty