Putnam
131 DESOTO Drive
$12,650
●
Land -
Off Market
131 DESOTO Drive
Florahome, FL 32140
Studio
0 Bath
$15,046
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model
About This Property
Large Lot Close to George's Lake - This vacant land is a great
opportunity to build your dream home in the outskirts of Florahome.
This property is listed as five contiguous 0.22 acre lots. The
total acreage is 1.1. 131 Desoto Drive is on a dirt road that is a
two minute drive from paved East Hillsborough Avenue. It is zoned
Residential (R-1A), which means that it is zoned for homes only.
This property is a quick five minute drive from George's Lake Boat
Ramp. George's Lake offers area fishing, swimming, and boating.
Drive-by and take a look at this heavily wooded lot! Experience the
joys of nature in the Florahome area. The property is a ten minute
drive from the Longleaf Pine Trail. The trail offers area camping,
wildlife, and beautiful vegetation. There is also the Etoniah Creek
State Forest located in Florahome. Come take a look at what this
property has to offer! (Some pictures of George's Lake and Longleaf
Pine Trail are included for reference.)
Unit Size
-
Days on Market
39 days
Land Size
1.10 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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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: 9 months ago (Real MLS #1101923)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2022 | Listed by CB ISAAC REALTY | $32,500 | |
| Listed by CB ISAAC REALTY | |||
| | |||
|
Come build your dream home on the outskirts of the ''Florida famed,'' 820-acre Georges Lake! The property is located just 3 minutes (1.1 mile) to the public boat ramp of Georges Lake. Florahome is one of Florida's best kept secrets; just 34 miles to Gainesville and 22 miles to Palatka. This 1.1-acre lot consist of 5 parcels (Lot 24-180825510661500240, Lot 25-180825510661500250, Lot 26-180825510661500260, Lot 27-180825510661500270, Lot 28-180825510661500280).
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| May 12, 2021 | Sold | ||
| Sold | |||
| Mar 29, 2021 | Listed by CENTURY 21 LAKESIDE REALTY | $12,650 | |
| Listed by CENTURY 21 LAKESIDE REALTY | |||
| Dec 31, 2018 | No longer available | - | |
| No longer available | |||
| Sep 4, 2018 | Listed | $4,500 | |
| Listed | |||
| | |||
|
Are you looking for that place where you and the family can get away from everyday life and enjoy the outdoors? Belmore State Forest and neighboring Etoniah Creek State Forest located in North Central Florida (The Lake Region) can offer this exciting life. These parks offer hiking, fishing, camping, horseback riding, and much more. Additionally, Georges Lake, located between the two parks, is a full services lake for any type of water sport. Lakeside Hills subdivision is located in the middle of all the activity locations and offers small moderately priced lots for you to construct that get-Away you have always wanted. This .44 acre parcel is comprised of two contiguous lots that is a perfect Getaway location.
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Putnam
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Listed by: JOHN E LAXSON, CENTURY 21 LAKESIDE REALTY
Last Updated: 9 months ago
Data Source: Real MLS, MLS# 1101923
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.
Last Updated: 9 months ago
Data Source: Real MLS, MLS# 1101923
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