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Palatka 32177
2117 SILVER LAKE Drive
$32,000
● House - Off Market

2117 SILVER LAKE Drive

Palatka, FL 32177
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,025 Ft²
$158
Est. Monthly

About This Property

With a little TLC, this property is a great starter home or investment property. In town location, close to shopping.
Unit Size
1,025 Ft²
Days on Market
-
Land Size
-
Price per sqft
$31
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1940

Payment Calculator

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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 #779508)

Price History

Date / Event Date Event Price
Nov 23, 2022 Sold
Premium
Sold
Oct 21, 2022 Listed by WATSON REALTY CORP $59,000
Listed by WATSON REALTY CORP
Dec 4, 2017 Sold
Premium
Sold
Oct 5, 2016 Sold
Premium
Sold
Jan 25, 2016 Listed by WATSON REALTY CORP $26,500
Listed by WATSON REALTY CORP
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 930
  • Total Building Area: 1,025
  • Gross Building Area: 1,025
  • Building Area: 1,025
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 18
  • Heated Square Feet: 1,025
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RUDDS SUB
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: RUDDS S/D MB2 P36 1/2 BLK A LOTS 37 38

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950900

Geography

  • Account Number: 53918
  • Parcel: 12-10-26-8100-0010-0370
  • Block: A
  • Lot: 37
  • Meridian: SEC 12 TWN 10S RNG 26E
  • Municipality: CITY OF PALATKA
  • Latitude: 29.6361
  • Longitude: -81.6513

    Address

  • Full Address: 2117 Silver Lake Dr
  • Address - House Number: 2117
  • Address - Street Name: Silver Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Palatka
  • Carrier Code: C007
  • 4-Digit Zip Code: 5557
  • Zip Code: 32177

Valuation

    Tax

  • Total Area: 1,078
  • Tax Year: 2023
  • Tax Amount: $130,553
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 39,050
  • High Value: 57,148
  • Low Value: 20,951

    Market Valuation

  • Market Total Value: $44,680
  • Market Land Value: $14,790
  • Market Improvement Value: $29,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,680
  • Assessed Land Value: $14,790
  • Assessed Improvements Value: $29,890

    Sales

  • Current Sale Contract Date: Nov 21, 2022
  • Current Sale Recording Date: Nov 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 27853
  • Previous Sale Recording Date: Dec 04, 2017
  • Previous Sale Contract Date: Dec 01, 2017
  • Previous Sale Amount: $30,000
  • 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 Palatka

Stats & Trends

Median Asking:

$225,000

Sale Price/ft²

$161

Below Asking

0.04%

Average Days on Market

98

Average Home Size

1622 ft²

Average Home Age

62.6 years

Currently For Sale

51 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 3523 Whitehall Street, Palatka, FL, 32177

$1,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,078 ft²
3523 Whitehall Street, Palatka, FL, 32177 Listing by STEVEN KOLENO
Unit for rent at 105 N 2nd Street, FL, 32177

$1,650 /mo

  • 2 Beds
  • 2 Baths
  • 1,000 ft²
105 N 2nd Street, FL, 32177 Listing by TAYLOR DOUGLAS

Rentals Near You

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

Listed by: REGLA SEPULVEDA, WATSON REALTY CORP
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 779508
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 2117 Silver Lake Drive built and last sold?
The property at 2117 Silver Lake Drive was built in 1940 and last sold on Nov 21, 2022 for $55,000.
How much is this home worth?
The estimated value of the home located at 2117 Silver Lake Drive is $0.
What are some comparable homes to 2117 Silver Lake Drive?
There are currently no comparable homes to 2117 Silver Lake Drive.
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