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Washington 32428
1774 Salem Drive
$140,000
● House - Off Market

1774 Salem Drive

Chipley, FL 32428
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$136,047
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACK UP OFFERS. Great house for a first time home buyer or a great investment property! Move in ready house at a very affordable price!   Kitchen was fully updated and remodeled in 2015.  The Bonus room is currently being used as a master bedroom and would also make a beautiful sunroom with all of its windows.  One of the bedrooms would make a great In Law suite as it has a separate entrance from outside with its own bathroom.  Great opportunity to live in the Sunny Hills Development with just a short drive to the golf course!
Unit Size
1,400 Ft²
Days on Market
46 days
Land Size
0.18 acres
Price per sqft
$96
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1973

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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: 23 days ago ( #739688)

Price History

Date / Event Date Event Price
Jun 1, 2023 Sold
Premium
Sold
Mar 31, 2023 Listed by Beach House Sales and Development $135,000
Listed by Beach House Sales and Development
Jan 25, 2013 Sold
Premium
Sold
Jul 9, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 17
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 100
  • Parking Space Count: 0
  • Patio Type: 34
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,971
  • Lot Size Frontage Feet: 963
  • Total Building Area: 1,414
  • Gross Building Area: 1,414
  • Building Area: 1,231
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,231
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNNY HILLS
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 0120
  • State Land Use Code: 0120
  • Legal Description 1: SUNNY HILLS UNIT # 4, LOT 39, ORB 939 P 50 BLK 0191

Neighborhood

  • School District Name: Washington County School District
  • Census Tract: 970301

Geography

  • Parcel: 00000000-04-0191-0039
  • Block: 39
  • Lot: 39
  • Meridian: SEC 30 TWN 02S RNG 13W
  • Municipality: SUNNY HILLS
  • Latitude: 30.5449
  • Longitude: -85.5838

    Address

  • Full Address: 1774 Salem Dr
  • Address - House Number: 1774
  • Address - Street Name: Salem
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Chipley
  • Carrier Code: R006
  • 4-Digit Zip Code: 2918
  • Zip Code: 32428

Valuation

    Tax

  • Total Area: 1,254
  • Tax Year: 2022
  • Tax Amount: $49,927
  • Tax Rate Code Area: 0007

    Appraisal Valuation

  • Standard Deviation: 0.4381
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 12
  • Final Value: 122,562
  • High Value: 176,265
  • Low Value: 68,858

    Market Valuation

  • Market Total Value: $105,558
  • Market Land Value: $3,500
  • Market Improvement Value: $102,058

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $72,999

    Sales

  • Current Sale Contract Date: May 31, 2023
  • Current Sale Recording Date: Jun 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3761
  • Previous Sale Recording Date: Jan 25, 2013
  • Previous Sale Contract Date: Dec 12, 2012
  • Previous Sale Amount: $40,000
  • 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 Washington

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$164

Below Asking

0.01%

Average Days on Market

89

Average Home Size

1549 ft²

Average Home Age

25.9 years

Currently For Sale

123 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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Frequently Asked Questions

When was property at 1774 Salem Drive built and last sold?
The property at 1774 Salem Drive was built in 1973 and last sold on May 31, 2023 for $140,000.
How much is this home worth?
The estimated value of the home located at 1774 Salem Drive is $141,522.
What are some comparable homes to 1774 Salem Drive?
There are currently no comparable homes to 1774 Salem Drive.
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