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Jacksonville 32225 East Arlington
12623 Hobbit Lane
$150,000
● House - Off Market

12623 Hobbit Lane

Jacksonville, FL 32225
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,090 Ft²
$301,653
RealtyHop Estimate
88.65%
Since May 1, 2014
National-US
Primary Model

About This Property

Don't miss this recently updated home located in a cul-de-sac in the neighborhood of ''Grogans Bluff''. This home features a large family room with fireplace and vaulted ceilings, formal dining room and living room, eat-in kitchen, in door laundry, large master suite with walk in closet and access to the sun room. Updates include fresh interior and exterior paint, new carpet and vinyl as well as a new garage door. Don't delay schedule your showing today. This property is eligible under the Freddie Mac First Look Initiative through 10/14/2013.
Unit Size
2,090 Ft²
Days on Market
-
Land Size
-
Price per sqft
$77
Property Type
House
Property Taxes
-
HOA Dues
$8
Year Built
1989

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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: 3 years ago (Real MLS #685800)

Price History

Date / Event Date Event Price
Mar 20, 2023 Sold
Premium
Sold
Feb 4, 2023 Listed by CORE REALTY, LLC $449,000
Listed by CORE REALTY, LLC
Apr 15, 2014 Sold
Premium
Sold
Sep 29, 2013 Listed by CORE REALTY, LLC $159,900
Listed by CORE REALTY, LLC

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 434
  • Parking Space Count: 2
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,167
  • Lot Size Depth Feet: 1,350
  • Lot Size Frontage Feet: 1,160
  • Total Building Area: 2,896
  • Gross Building Area: 2,896
  • Building Area: 2,090
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,090
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GROGANS BLUFF UNIT 01
  • Land Acres: 0000000279
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: 43-13 14-2S-28E GROGANS BLUFF UNIT 1 LOT 39

Neighborhood

  • School District Name: Duval County School District
  • Census Tract: 014335

Zoning

  • Zoning: RLD-80

Geography

  • Assessors Map Reference: 8411
  • Parcel: 162204-0565
  • Lot: 39
  • Meridian: SEC 14 TWN 02S RNG 28E
  • Municipality: CITY OF JACKSONVILLE
  • Latitude: 30.3397
  • Longitude: -81.4686

    Address

  • Full Address: 12623 Hobbit Ln
  • Legal Unit: 1
  • Address - House Number: 12623
  • Address - Street Name: Hobbit
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Jacksonville
  • Carrier Code: R114
  • 4-Digit Zip Code: 3064
  • Zip Code: 32225

Valuation

    Tax

  • Total Area: 2,524
  • Tax Year: 2022
  • Tax Amount: $280,771
  • Tax Rate Code Area: GS

    Appraisal Valuation

  • Standard Deviation: 0.2116
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 71
  • Final Value: 447,444
  • High Value: 542,136
  • Low Value: 352,753

    Market Valuation

  • Market Total Value: $306,349
  • Market Land Value: $70,000
  • Market Improvement Value: $236,349

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $195,436

    Sales

  • Current Sale Contract Date: Mar 17, 2023
  • Current Sale Recording Date: Mar 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 53962
  • Previous Sale Recording Date: Apr 15, 2014
  • Previous Sale Contract Date: Mar 06, 2014
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: VAR
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 Greater Arlington

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$207

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1762 ft²

Average Home Age

41.7 years

Currently For Sale

556 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

Unit for rent at 1315 Runningbrook Court, Jacksonville, FL, 32225

$2,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,905 ft²
1315 Runningbrook Court, Jacksonville, FL, 32225 Listing by NELSON ORTEGA
Unit for rent at 872 Collinswood Drive W, Jacksonville, FL, 32225

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,730 ft²
872 Collinswood Drive W, Jacksonville, FL, 32225 Listing by MARTHA R MILLER
Unit for rent at 12204 Nettlecreek Drive, Jacksonville, FL, 32225

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,948 ft²
12204 Nettlecreek Drive, Jacksonville, FL, 32225 Listing by NATHAN MICHAEL GRIFFIN

Rentals Near You

Click here to view more rentals in the neighborhood.
Real MLS

Listed by: RYAN L COURSON, CORE REALTY, LLC
Last Updated: 3 years ago
Data Source: Real MLS, MLS# 685800
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 12623 Hobbit Lane built and last sold?
The property at 12623 Hobbit Lane was built in 1989 and last sold on Mar 17, 2023 for $440,000.
How much is this home worth?
The estimated value of the home located at 12623 Hobbit Lane is $0.
What are some comparable homes to 12623 Hobbit Lane?
There are currently no comparable homes to 12623 Hobbit Lane.
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