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Fleming Island 32003
1885 SALT MYRTLE Lane
$745,000
● House - Off Market

1885 SALT MYRTLE Lane

Fleming Island, FL 32003
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,084 Ft²
$3,956
Est. Monthly
$150
HOA / Fees
3.02%
Cap Rate

About This Property

Beautiful home in the guard gated coveted Pace Island community. This well-maintained home features 12 ft ceilings with immense columns in the foyer leading to an open floor plan. Wood floors throughout. Built in entertainment center with bookcases, fireplace and wet bar in the great room. Relax in the air-conditioned sunroom with a peaceful view of the manicured back yard and lake.
Unit Size
3,084 Ft²
Days on Market
-
Land Size
-
Price per sqft
$251
Property Type
House
Property Taxes
-
HOA Dues
$150
Year Built
1994

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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 #1245251)

Price History

Date / Event Date Event Price
Apr 26, 2024 Sold
Premium
Sold
Aug 30, 2023 Listed by WATSON REALTY CORP $775,000
Listed by WATSON REALTY CORP
Dec 4, 2013 Sold
Premium
Sold
Oct 23, 2013 Listed by WATSON REALTY CORP $417,000
Listed by WATSON REALTY CORP
Oct 4, 2012 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • 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: 723
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,393
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,220
  • Total Building Area: 4,254
  • Gross Building Area: 4,254
  • Building Area: 3,084
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,084
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PACE ISLAND UNIT 5
  • Land Acres: 0000000560
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 13 PACE ISLAND UNIT 5 AS REC OR 3599 PG 526

Neighborhood

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

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 1404-E1
  • Parcel: 28-04-26-013153-003-54
  • Lot: 13
  • Meridian: SEC 28 TWN 04S RNG 26E
  • Municipality: UNINCORPORATED
  • Latitude: 30.1272
  • Longitude: -81.7151

    Address

  • Full Address: 1885 Salt Myrtle Ln
  • Legal Unit: 5
  • Address - House Number: 1885
  • Address - Street Name: Salt Myrtle
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Fleming Island
  • Carrier Code: R015
  • 4-Digit Zip Code: 7062
  • Zip Code: 32003

Valuation

    Tax

  • Total Area: 4,254
  • Tax Year: 2022
  • Tax Amount: $337,958
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.0837
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 93
  • Final Value: 757,064
  • High Value: 820,504
  • Low Value: 693,624

    Market Valuation

  • Market Total Value: $465,030
  • Market Land Value: $85,001
  • Market Improvement Value: $380,029

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $247,722

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 02, 2013
  • Current Sale Recording Date: Dec 04, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2013069245
  • Previous Sale Recording Date: Oct 04, 2012
  • Previous Sale Contract Date: Sep 20, 2012
  • Previous Sale Amount: $375,000
  • 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 Fleming Island

Stats & Trends

Median Asking:

$462,000

Sale Price/ft²

$214

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2324 ft²

Average Home Age

23.5 years

Currently For Sale

132 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
Unit for rent at 1976 Harbor Island Drive, Fleming Island, FL, 32003

$2,040 /mo

  • 4 Beds
  • 2 Baths
  • 1,770 ft²
1976 Harbor Island Drive, Fleming Island, FL, 32003 Listing by KRISTINA BRUCE

Rentals Near You

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

Listed by: JOSETTE JOSEPH, WATSON REALTY CORP
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1245251
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 1885 Salt Myrtle Lane built and last sold?
The property at 1885 Salt Myrtle Lane was built in 1994 and last sold on Dec 2, 2013 for $407,000.
How much is this home worth?
The estimated value of the home located at 1885 Salt Myrtle Lane is $0.
What are some comparable homes to 1885 Salt Myrtle Lane?
There are currently no comparable homes to 1885 Salt Myrtle Lane.
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