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Putnam
109 Cedar Street
$19,400
● House - Off Market

109 Cedar Street

Melrose, FL 32666
bedrooms
2 Beds
bathrooms
1 Bath
square feet
912 Ft²
$36,822
RealtyHop Estimate
85.03%
Since Mar 1, 2008
National-US
Primary Model

About This Property

*Bank owned property selling 'as is' condition* This home will need major renovations; however, the value is in the large 2.0 acre parcel****
Unit Size
912 Ft²
Days on Market
-
Land Size
-
Price per sqft
$22
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1982

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Real MLS #410088)

Price History

Date / Event Date Event Price
Feb 7, 2008 Sold
Premium
Sold
Dec 31, 2007 Listed by SIMMONS REALTY & INVESTMENT INC $19,900
Listed by SIMMONS REALTY & INVESTMENT INC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Lot Size Depth Feet: 2,020
  • Lot Size Frontage Feet: 4,320
  • Total Building Area: 912
  • Gross Building Area: 912
  • Building Area: 912
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 912
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HALFMOON LAKE HOMESITES
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: PT OF NE1/4 OR286 P255 (HALFMOON LAKE HOMESITES UNREC BLK I LOTS 5 6 7 8)

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950300

Geography

  • Account Number: 11431
  • Parcel: 10-09-23-3407-0090-0050
  • Block: 9
  • Lot: 5
  • Meridian: SEC 10 TWN 09S RNG 23E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.7317
  • Longitude: -81.9861

    Address

  • Full Address: 109 Cedar St
  • Address - House Number: 109
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: FL
  • City Name: Melrose
  • Carrier Code: R001
  • 4-Digit Zip Code: 3114
  • Zip Code: 32666

Valuation

    Tax

  • Total Area: 1,099
  • Tax Year: 2023
  • Tax Amount: $51,110
  • Tax Rate Code Area: 000

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 94,524
  • High Value: 138,332
  • Low Value: 50,715

    Market Valuation

  • Market Total Value: $94,252
  • Market Land Value: $15,030
  • Market Improvement Value: $79,222

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,660

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 29, 2008
  • Current Sale Recording Date: Feb 07, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 200854641629
  • Previous Sale Recording Date: Sep 04, 2007
  • Previous Sale Contract Date: Aug 23, 2007
  • Previous Sale Document Type: 69
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Putnam

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$189

Below Asking

0.04%

Average Days on Market

97

Average Home Size

1769 ft²

Average Home Age

45.4 years

Currently For Sale

297 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Real MLS

Listed by: LORI SIMMONS, SIMMONS REALTY & INVESTMENT INC
Last Updated: 3 years ago
Data Source: Real MLS, MLS# 410088
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by NEFMLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 109 Cedar Street built and last sold?
The property at 109 Cedar Street was built in 1982 and last sold on Jan 29, 2008 for $19,400.
How much is this home worth?
The estimated value of the home located at 109 Cedar Street is $27,903.
What are some comparable homes to 109 Cedar Street?
There are currently no comparable homes to 109 Cedar Street.
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