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Putnam 32177
128 COBIA Drive
$10,500
● Land - Off Market

128 COBIA Drive

Palatka, FL 32177
bedrooms
Studio
bathrooms
0 Bath
$18,201
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Beautiful location for a home!  2 lots totaling almost an acre at the corner of Palmetto Bluff and Cobia Rd.  2nd parcel number is 26-08-27-8152-0060-0170 and facing Palmetto Bluff Rd. This location is close to Palatka and minutes away from the St Johns River.  You can build 1 home or 2 on the properties.  Come see this property today!
Unit Size
-
Days on Market
-
Land Size
0.96 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

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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 #1155894)

Price History

Date / Event Date Event Price
Sep 23, 2022 Sold
Premium
Sold
Feb 27, 2022 Listed by CENTURY 21 TRITON REALTY $17,500
Listed by CENTURY 21 TRITON REALTY

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • 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: 19,166
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ST JOHNS HARBOR SUB
  • Land Acres: 0000000440
  • Standard Land Use Code: 8000
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: ST JOHNS HARBOR S/D UNIT 3 MB5 P37 BLK 6 LOT 16

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950100

Geography

  • Account Number: 54502
  • Parcel: 26-08-27-8152-0060-0160
  • Block: 6
  • Lot: 16
  • Meridian: SEC 26 TWN 08S RNG 27E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.7691
  • Longitude: -81.5752

    Address

  • Full Address: 128 Cobia Dr
  • Address - House Number: 128
  • Address - Street Name: Cobia
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Palatka
  • Carrier Code: R002
  • 4-Digit Zip Code: 7384
  • Zip Code: 32177

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $27,504
  • Tax Rate Code Area: 000

    Market Valuation

  • Market Total Value: $5,200
  • Market Land Value: $5,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,200
  • Assessed Land Value: $5,200

    Sales

  • Current Sale Contract Date: Sep 14, 2022
  • Current Sale Recording Date: Sep 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 23548
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

1758 ft²

Average Home Age

45.1 years

Currently For Sale

296 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 134 Bowfin Drive, Palatka, FL, 32177

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,540 ft²
134 Bowfin Drive, Palatka, FL, 32177 Listing by STEPHANIE HAWKINS HUSKEY

Rentals Near You

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

Listed by: VICKI L ADAMS, CENTURY 21 TRITON REALTY
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1155894
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 128 Cobia Drive built and last sold?
The property at 128 Cobia Drive was built in and last sold on Sep 14, 2022 for $10,500.
How much is this home worth?
The estimated value of the home located at 128 Cobia Drive is $17,675.
What are some comparable homes to 128 Cobia Drive?
There are currently no comparable homes to 128 Cobia Drive.
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