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Putnam
109 MASON Road
$190,000
● House - Off Market

109 MASON Road

Melrose, FL 32666
bedrooms
2 Beds
bathrooms
1 Bath
square feet
720 Ft²
$1,091
Est. Monthly
7.09%
Cap Rate

About This Property

Quaint 2-bed, 1-bath home in Melrose on Mason Road, nestled on 1.14 acres. Updated with a durable metal roof, stainless steel appliances, stylish vinyl plank floors, and a modern HVAC system. Features Alpha Foundations encapsulation, ensuring a moisture- and critter-free crawlspace. The partially fenced yard is perfect for dogs, and two powered storage sheds offer ample space. Just 3.2 miles from pristine Lake Santa Fe, this property is a short commute to Gainesville or Palatka, blending rural charm with convenience.
Unit Size
720 Ft²
Days on Market
44 days
Land Size
1.01 acres
Price per sqft
$292
Property Type
House
Property Taxes
$59
HOA Dues
-
Year Built
1945

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (Real MLS #2082039)

Price History

Date / Event Date Event Price
May 30, 2025 Sold
Premium
Sold
Apr 25, 2025 In contract -
In contract
Apr 15, 2025 Listed by TREVOR WATERS REALTY, INC. $210,000
Listed by TREVOR WATERS REALTY, INC.
Nov 23, 2021 Sold
Premium
Sold
Aug 13, 2021 Listed by TREVOR WATERS REALTY, INC. $124,900
Listed by TREVOR WATERS REALTY, INC.
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1970
  • 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: 18
  • 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: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,431
  • Total Building Area: 720
  • Gross Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DUTTONS OF LAKE ROSA
  • Land Acres: 0000001020
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: DUTTONS OF LAKE ROSA MB1 PP1 & 2 PT OF LOT 2 W OF RD OR568 P1967

Neighborhood

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

Geography

  • Account Number: 7315
  • Parcel: 17-09-23-2190-0190-0011
  • Block: 19
  • Lot: 1.1
  • Meridian: SEC 17 TWN 09S RNG 23E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.7144
  • Longitude: -82.0134

    Address

  • Full Address: 109 Mason Rd
  • Address - House Number: 109
  • Address - Street Name: Mason
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Melrose
  • Carrier Code: R001
  • 4-Digit Zip Code: 4349
  • Zip Code: 32666

Valuation

    Tax

  • Total Area: 758
  • Tax Year: 2023
  • Tax Amount: $69,555
  • Tax Rate Code Area: 000

    Appraisal Valuation

  • Standard Deviation: 0.1476
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 82
  • Final Value: 116,441
  • High Value: 133,637
  • Low Value: 99,245

    Market Valuation

  • Market Total Value: $55,090
  • Market Land Value: $11,000
  • Market Improvement Value: $44,090

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $55,090
  • Assessed Land Value: $11,000
  • Assessed Improvements Value: $44,090

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 22, 2021
  • Current Sale Recording Date: Nov 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202154027228
  • Previous Sale Recording Date: Jun 04, 2021
  • Previous Sale Contract Date: Apr 15, 2021
  • Previous Sale Amount: $40,000
  • Previous Sale Document Type: 71
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:

$280,000

Sale Price/ft²

$189

Below Asking

0.03%

Average Days on Market

76

Average Home Size

1767 ft²

Average Home Age

46.4 years

Currently For Sale

417 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

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Real MLS

Listed by: Branden Waters, TREVOR WATERS REALTY, INC.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 2082039
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 Mason Road built and last sold?
The property at 109 Mason Road was built in 1945 and last sold on Nov 22, 2021 for $124,900.
How much is this home worth?
The estimated value of the home located at 109 Mason Road is $0.
What are some comparable homes to 109 Mason Road?
There are currently no comparable homes to 109 Mason Road.
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