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Bay 32437
12407 OLD GRISTMILL Road
Photo of 12407 OLD GRISTMILL Road
Sold on Apr 30, 2018

1

Map

$5,000
● Land - Off Market

12407 OLD GRISTMILL Road

Ebro, FL 32437
bedrooms
Studio
bathrooms
0 Bath
$7,673
RealtyHop Estimate
53.46%
Since May 1, 2018
National-US
Primary Model

About This Property

Approx 85x140 building lot in the country. Build a home or bring in a mobile home. County zoning and horses are allowed. You're also near several public boat ramps on Otter Creek and the Choctawhatchee River among others. Also, the property is not far from the new airport. All info is approx. and must be verified by Buyers if important
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2018

Payment Calculator

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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: 27 days ago ( #671636)

Price History

Date / Event Date Event Price
Apr 30, 2018 Sold
Premium
Sold
May 15, 2017 Listed by Scott Ingraham Real Estate $5,000
Listed by Scott Ingraham Real Estate
Jun 25, 2008 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,783
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,296
  • Gross Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000546
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: 22 1S 17W -6.29- 8D BEG 564.85 W OF SE COR OF SW1/4 OF SW1/4 OF SEC TH CONT W 170 N 140 E 170 S 140 TO POB ORB 4003 P 1379

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000201

Zoning

  • Zoning: BC02

Geography

  • Parcel: 35095-030-000
  • Meridian: SEC 22 TWN 01S RNG 17W
  • Municipality: FIRE COUNTY MOSQUITO
  • Latitude: 30.3837
  • Longitude: -85.9399

    Address

  • Full Address: 12407 Old Gristmill Rd
  • Address - House Number: 12407
  • Address - Street Name: Old Gristmill
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Ebro
  • Carrier Code: H066
  • 4-Digit Zip Code: 9649
  • Zip Code: 32437

Valuation

    Tax

  • Total Area: 1,296
  • Tax Year: 2023
  • Tax Amount: $39,288
  • Tax Rate Code Area: 055

    Appraisal Valuation

  • Standard Deviation: 0.1732
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 77
  • Final Value: 143,069
  • High Value: 167,858
  • Low Value: 118,280

    Market Valuation

  • Market Total Value: $58,116
  • Market Land Value: $8,330
  • Market Improvement Value: $49,786

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $57,259

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 27, 2018
  • Current Sale Recording Date: Apr 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018025506
  • Previous Sale Recording Date: Jun 25, 2008
  • Previous Sale Contract Date: Jun 19, 2008
  • Previous Sale Amount: $6,000
  • 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 Bay

Stats & Trends

Median Asking:

$386,338

Sale Price/ft²

$244

Below Asking

0.02%

Average Days on Market

110

Average Home Size

1520 ft²

Average Home Age

24.5 years

Currently For Sale

2921 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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Frequently Asked Questions

When was property at 12407 Old Gristmill Road built and last sold?
The property at 12407 Old Gristmill Road was built in 2018 and last sold on Apr 27, 2018 for $10,000.
How much is this home worth?
The estimated value of the home located at 12407 Old Gristmill Road is $5,050.
What are some comparable homes to 12407 Old Gristmill Road?
There are currently no comparable homes to 12407 Old Gristmill Road.
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