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Walton 32413
122 Bourne Lane
$1,495,000
● House - Off Market

122 Bourne Lane

Rosemary Beach, FL 32461
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,030 Ft²
$2,588,634
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Exquisite Rosemary Beach Home just 2 homes away from the Town Center and a short walk to all that Rosemary Beach has to offer! Not a Rental, Not a Remodel, Not a Renovation, just a barely used, 3 1/2 year old home in perfect condition. The upgrades you would expect can be found throughout the house: A complete THERMADOR kitchen package with natural gas convection oven and 6 burner range top, dual fan range hood, dishwasher, under counter microwave and refrigerator freezer, a NEST learning Thermostat system, two High Efficiency Nordyne A/C systems, NAVIEN tankless natural gas water heater, beautiful hardwood floors, beamed ceiling in living room, archways, vaulted ceilings, Kohler bath fixtures throughout, fire sprinkler system, expanding foam insulation, Kolbe windows. Don't Miss This One!
Unit Size
2,030 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$751
Property Type
House
Property Taxes
$765
HOA Dues
$950
Year Built
2012

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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 (ECAR MLS #751461)

Price History

Date / Event Date Event Price
Jun 22, 2016 Sold
Premium
Sold
Apr 25, 2016 Listed by Beachy Beach 30A Real Estate $1,525,000
Listed by Beachy Beach 30A Real Estate
Sep 30, 2014 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2012
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,701
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 320
  • Total Building Area: 2,030
  • Gross Building Area: 2,030
  • Building Area: 2,030
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,030
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROSEMARY BEACH PH 6
  • Land Acres: 0000000062
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 7 BLK 33 ROSEMARY BEACH PH 6 PB 13-30 OR 1977-217 OR 2876-2074 OR 2901-2686 OR 2915-800 OR 2961-68 OR 3013-1863

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950611

Geography

  • Assessors Map Reference: S3-35-18
  • Subdivision Phase Number: 6
  • Parcel: 35-3S-18-16064-033-0070
  • Block: 33
  • Lot: 7
  • Meridian: SEC 35 TWN 03S RNG 018
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.2804
  • Longitude: -86.0147

    Address

  • Full Address: 122 Bourne Ln
  • Address - House Number: 122
  • Address - Street Name: Bourne
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Inlet Beach
  • Carrier Code: R998
  • 4-Digit Zip Code: 5046
  • Zip Code: 32461

Valuation

    Tax

  • Total Area: 2,162
  • Tax Year: 2022
  • Tax Amount: $1,452,194
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.228
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 2,996,071
  • High Value: 3,679,357
  • Low Value: 2,312,784

    Market Valuation

  • Market Total Value: $1,795,600
  • Market Land Value: $568,576
  • Market Improvement Value: $1,227,024

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,795,600
  • Assessed Land Value: $568,576
  • Assessed Improvements Value: $1,227,024

    Sales

  • Current Sale Contract Date: Jun 21, 2016
  • Current Sale Recording Date: Jun 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016000019926
  • Previous Sale Recording Date: Sep 30, 2014
  • Previous Sale Contract Date: Sep 30, 2014
  • Previous Sale Amount: $1,355,000
  • 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 Walton

Stats & Trends

Median Asking:

$719,000

Sale Price/ft²

$421

Below Asking

0.03%

Average Days on Market

98

Average Home Size

2294 ft²

Average Home Age

16.9 years

Currently For Sale

2288 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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ECAR

Listed by: Gary W Gibson, Beachy Beach 30A Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 751461
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. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 122 Bourne Lane built and last sold?
The property at 122 Bourne Lane was built in 2012 and last sold on Jun 21, 2016 for $1,495,000.
How much is this home worth?
The estimated value of the home located at 122 Bourne Lane is $0.
What are some comparable homes to 122 Bourne Lane?
There are currently no comparable homes to 122 Bourne Lane.
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