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Walton 32413
162 Flip Flop Lane
$825,000
● House - Off Market

162 Flip Flop Lane

Seacrest, FL 32461
bedrooms
4 Beds
bathrooms
5 Baths, 2 Half Baths
square feet
2,700 Ft²
$1,364,469
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Beautiful new construction in a great location in Seacrest. Home is located behind commercial shops and restaurants in Seacrest with a short walk to the beach or 14,000 sq/ft community pool. First tier on the north side of incredible 30-A with easy access to everything convenient! Walk to close-by Rosemary or Alys Beach. Hard to beat this price and location. Look now and save the search for the perfect spot. You'll agree - you've found it! Great floor plan - sleeps 12-14. Tremendous rental property! Custom details and finishes commensurate with price range. Show now and sell! Target rental May 2016. Contact your buyer today.
Unit Size
2,700 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$315
Property Type
House
Property Taxes
$83
HOA Dues
$450
Year Built
2016

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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 (ECAR MLS #746507)

Price History

Date / Event Date Event Price
May 30, 2017 Sold
Premium
Sold
Feb 15, 2016 Listed by Go to the Beach Real Estate $849,900
Listed by Go to the Beach Real Estate
Jan 6, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 5
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,962
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,388
  • Gross Building Area: 2,388
  • Building Area: 2,388
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,388
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEACREST BEACH PH 7
  • Land Acres: 0000000068
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 11 BLK X SEACREST BEACH PH 7 S/D PB 14-80 OR 2342-856 OR 2462-1569 OR 3042-3392

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 002707

Geography

  • Assessors Map Reference: S3-26-18
  • Subdivision Phase Number: 7
  • Parcel: 26-3S-18-16033-00X-0110
  • Block: X
  • Lot: 11
  • Meridian: SEC 26 TWN 03S RNG 018
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.2822
  • Longitude: -86.0179

    Address

  • Full Address: 162 Flip Flop Ln
  • Address - House Number: 162
  • Address - Street Name: Flip Flop
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Inlet Beach
  • Zip Code: 32461

Valuation

    Tax

  • Total Area: 2,496
  • Tax Year: 2022
  • Tax Amount: $995,977
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2678
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 61
  • Final Value: 1,890,147
  • High Value: 2,396,482
  • Low Value: 1,383,812

    Market Valuation

  • Market Total Value: $1,335,267
  • Market Land Value: $445,110
  • Market Improvement Value: $890,157

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,335,267
  • Assessed Land Value: $445,110
  • Assessed Improvements Value: $890,157

    Sales

  • Current Sale Contract Date: May 15, 2017
  • Current Sale Recording Date: May 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20170017576
  • Previous Sale Recording Date: Jan 06, 2003
  • Previous Sale Contract Date: Jan 02, 2003
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: 20

    Financing

  • First Mortgage Financing Type: ADJ
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 Walton

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$395

Below Asking

0.02%

Average Days on Market

80

Average Home Size

2268 ft²

Average Home Age

17.7 years

Currently For Sale

3396 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

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ECAR

Listed by: Keith V Vertes, Go to the Beach Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 746507
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. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 162 Flip Flop Lane built and last sold?
The property at 162 Flip Flop Lane was built in 2016 and last sold on May 15, 2017 for $825,000.
How much is this home worth?
The estimated value of the home located at 162 Flip Flop Lane is $0.
What are some comparable homes to 162 Flip Flop Lane?
There are currently no comparable homes to 162 Flip Flop Lane.
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