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Fleming Island 32003
1515 MARSH RABBIT Way
$265,000
● House - Off Market

1515 MARSH RABBIT Way

Fleming Island, FL 32003
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,217 Ft²
$447,384
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

Lovely & well maintained Pace Island home w/peaceful water views. This 2,217 square foot home boasts a split bedroom floor plan w/the master suite at the back with water views, 2 full baths, a bonus room w/water views (currently a fitness room), large family room with yard and water views, a dining room and informal breakfast room. The kitchen features low maintenance Granite Transformation counter-tops, stainless steel appliances, a double sink, lots of cabinet and counter space, as well as a breakfast / snack bar. The interior features a neutral decor, 10 ft ceilings in the main living area, lots of natural lighting, crown moldings, tile and carpet flooring. Fenced yard with deck & water views. New roof 2011. New A/C 2010. New Water Heater 2016. Transferable Termite Bond. New ext. Paint Paint
Unit Size
2,217 Ft²
Days on Market
-
Land Size
-
Price per sqft
$120
Property Type
House
Property Taxes
-
HOA Dues
$125
Year Built
1991

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #838683)

Price History

Date / Event Date Event Price
Jun 10, 2022 Sold
Premium
Sold
Sep 30, 2016 Sold
Premium
Sold
Jul 20, 2016 Listed by WATSON REALTY CORP $265,000
Listed by WATSON REALTY CORP
Jan 7, 2003 Sold
Premium
Sold
Nov 2, 2002 Listed by WATSON REALTY CORP $182,900
Listed by WATSON REALTY CORP

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 9
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 506
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,842
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 740
  • Total Building Area: 2,759
  • Gross Building Area: 2,759
  • Building Area: 2,217
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,217
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PACE ISLAND UNIT 4 REPLAT
  • Land Acres: 0000000203
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 22 PACE ISLAND UNIT 4 REPLAT AS REC OR 3902 PG 877, 4617 PG 282

Neighborhood

  • School District Name: Clay County School District
  • Census Tract: 030705

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 1404-E2
  • Parcel: 28-04-26-013153-002-98
  • Lot: 22
  • Meridian: SEC 28 TWN 04S RNG 26E
  • Municipality: UNINCORPORATED
  • Latitude: 30.1206
  • Longitude: -81.7092

    Address

  • Full Address: 1515 Marsh Rabbit Way
  • Legal Unit: 4
  • Address - House Number: 1515
  • Address - Street Name: Marsh Rabbit
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Fleming Island
  • Carrier Code: R029
  • 4-Digit Zip Code: 7050
  • Zip Code: 32003

Valuation

    Tax

  • Total Area: 2,759
  • Tax Year: 2022
  • Tax Amount: $247,168
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1751
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 77
  • Final Value: 462,906
  • High Value: 543,973
  • Low Value: 381,839

    Market Valuation

  • Market Total Value: $291,049
  • Market Land Value: $50,000
  • Market Improvement Value: $241,049

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $188,060

    Sales

  • Current Sale Contract Date: Jun 10, 2022
  • Current Sale Recording Date: Jun 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 36338
  • Previous Sale Recording Date: Sep 30, 2016
  • Previous Sale Contract Date: Sep 27, 2016
  • Previous Sale Amount: $927,500
  • 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 Fleming Island

Stats & Trends

Median Asking:

$462,000

Sale Price/ft²

$214

Below Asking

0.02%

Average Days on Market

58

Average Home Size

2308 ft²

Average Home Age

23.7 years

Currently For Sale

130 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 1948 Harbor Island, Fleming Island, FL, 32003

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,957 ft²
1948 Harbor Island, Fleming Island, FL, 32003 Listing by KENNETH HOLIFIELD

Rentals Near You

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

Listed by: JENNIFER BAUER, WATSON REALTY CORP
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 838683
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 1515 Marsh Rabbit Way built and last sold?
The property at 1515 Marsh Rabbit Way was built in 1991 and last sold on Jun 10, 2022 for $43,434.
How much is this home worth?
The estimated value of the home located at 1515 Marsh Rabbit Way is $0.
What are some comparable homes to 1515 Marsh Rabbit Way?
There are currently no comparable homes to 1515 Marsh Rabbit Way.
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