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Nassau 32034
1973 PALM Drive
$410,000
● House - Off Market

1973 PALM Drive

Fernandina Beach, FL 32034
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,268 Ft²
$422,498
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Offering 2% Towards Buyers closing costs, Home Warranty & Termite Bond! Walk or Bike to the beach! This renovated home is nestled just a mile and a half to the beautiful and historic Fernandina Beach. Amazing location for Beach, dining, shopping and all Fernandina has to offer. Spacious and open concept living area, makes this home feel grand. Stunning New Kitchen with stainless steel appliances and granite countertops perfect for cooking and entertaining. Large bedrooms boasts natural light. Spa like feel bathrooms to enjoy after a day at the beach. New Flooring, tons of storage space inside utility room, Garage space plus carport with recessed lighting for extra parking. Bring your boat and or RV with extra pad and parking right in the backyard. Metal roof, New AC and Hot water heater.
Unit Size
1,268 Ft²
Days on Market
-
Land Size
-
Price per sqft
$323
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1972

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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: 3 years ago (Real MLS #1204628)

Price History

Date / Event Date Event Price
Mar 29, 2023 Sold
Premium
Sold
Dec 14, 2022 Listed by FLORIDA HOMES REALTY & MTG LLC $410,000
Listed by FLORIDA HOMES REALTY & MTG LLC
Jun 2, 2022 Sold
Premium
Sold
Apr 1, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 20
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Depth Feet: 120
  • Lot Size Frontage Feet: 100
  • Total Building Area: 1,892
  • Gross Building Area: 1,892
  • Building Area: 1,580
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,580
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK GROVE UNIT 1
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: BLOCK C LOT 3 OAK GROVE UNIT 1 PB O PG 61

Neighborhood

  • School District Name: Nassau County School District
  • Census Tract: 050204

Zoning

  • Zoning: RS-2

Geography

  • District: 05
  • Parcel: 00-00-30-042B-000C-0030
  • Block: C
  • Lot: 3
  • Meridian: SEC 30 TWN 03N RNG 28E
  • Municipality: UNINCORPORATED MIDDLE ISLAND
  • Latitude: 30.6389
  • Longitude: -81.461

    Address

  • Full Address: 1973 Palm Dr
  • Legal Unit: 1
  • Address - House Number: 1973
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fernandina Beach
  • Carrier Code: R009
  • 4-Digit Zip Code: 7837
  • Zip Code: 32034

Valuation

    Tax

  • Total Area: 1,870
  • Tax Year: 2023
  • Tax Amount: $523,924
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.1978
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 431,902
  • High Value: 517,365
  • Low Value: 346,439

    Market Valuation

  • Market Total Value: $323,986
  • Market Land Value: $120,000
  • Market Improvement Value: $203,986

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $323,986
  • Assessed Land Value: $120,000
  • Assessed Improvements Value: $203,986

    Sales

  • Current Sale Contract Date: Mar 16, 2023
  • Current Sale Recording Date: Mar 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 8845
  • Previous Sale Recording Date: Jun 02, 2022
  • Previous Sale Contract Date: May 25, 2022
  • Previous Sale Amount: $300,000
  • 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 Nassau

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$237

Below Asking

0.02%

Average Days on Market

95

Average Home Size

2187 ft²

Average Home Age

17.5 years

Currently For Sale

480 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 57 S Fletcher Avenue, Fernandina Beach, FL, 32034

$2,250 /mo

  • 2 Beds
  • 1 Bath
  • 1,025 ft²
57 S Fletcher Avenue #UNITA2, Fernandina Beach, FL, 32034 Listing by JATIN B PATEL

Rentals Near You

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

Listed by: KIMBERLY DEHART, FLORIDA HOMES REALTY & MTG LLC
Last Updated: 3 years ago
Data Source: Real MLS, MLS# 1204628
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 1973 Palm Drive built and last sold?
The property at 1973 Palm Drive was built in 1972 and last sold on Mar 16, 2023 for $410,000.
How much is this home worth?
The estimated value of the home located at 1973 Palm Drive is $0.
What are some comparable homes to 1973 Palm Drive?
There are currently no comparable homes to 1973 Palm Drive.
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