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Putnam
231 Ashley Lake DRIVE
$390,000
● House - Off Market

231 Ashley Lake DRIVE

MELROSE, FL 32666
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,652 Ft²
$2,323
Est. Monthly
$10
HOA / Fees
6.29%
Cap Rate

About This Property

Gorgeous Lake front pool home in Melrose! Bring your kayaks to your new home that sits on 1.19 acres of lake front property. Home has 3 bedrooms, 2 bathrooms, separate dining room and a beautiful kitchen that overlooks the living room with fireplace. Enjoy outdoor living on your screened back porch that stretches the length of the house and looks out to an in-ground pool and the lake. Property boasts a detached 2 car garage with additional storage shed as well aa a large covered space for entertaining. Just minutes to Keystone Heights, Starke and about 30 minutes to Gainesville and Palatka, the location is perfect!
Unit Size
1,652 Ft²
Days on Market
92 days
Land Size
1.19 acres
Price per sqft
$253
Property Type
House
Property Taxes
$260
HOA Dues
$10
Year Built
1986

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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: 3 years ago (Stellar MLS #GC521071)

Price History

Date / Event Date Event Price
Jul 12, 2024 Sold
Premium
Sold
May 30, 2024 In contract -
In contract
May 20, 2024 Relisted $418,000
Relisted
May 14, 2024 In contract -
In contract
Apr 11, 2024 Listed by CENTURY 21 LAKESIDE REALTY $418,000
Listed by CENTURY 21 LAKESIDE REALTY
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 51,836
  • Lot Size Depth Feet: 4,130
  • Lot Size Frontage Feet: 1,310
  • Total Building Area: 1,652
  • Gross Building Area: 1,652
  • Building Area: 1,652
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 1,652
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASHLEY LAKE PLANTATION
  • Land Acres: 0000001190
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: ASHLEY LAKE PLANTATION MB 6 P 30 BLK B LOT 23

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950300

Geography

  • Account Number: 320
  • Parcel: 20-09-23-0100-0020-0230
  • Block: 2
  • Lot: 23
  • Meridian: SEC 20 TWN 09S RNG 23E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.7028
  • Longitude: -82.0256

    Address

  • Full Address: 231 Ashley Lake Dr
  • Address - House Number: 231
  • Address - Street Name: Ashley Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Melrose
  • Carrier Code: R001
  • 4-Digit Zip Code: 4332
  • Zip Code: 32666

Valuation

    Tax

  • Total Area: 1,817
  • Tax Year: 2023
  • Tax Amount: $311,896
  • Tax Rate Code Area: 000

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 190,662
  • High Value: 279,027
  • Low Value: 102,296

    Market Valuation

  • Market Total Value: $196,950
  • Market Land Value: $34,300
  • Market Improvement Value: $162,650

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $196,950
  • Assessed Land Value: $34,300
  • Assessed Improvements Value: $162,650

    Sales

  • Current Sale Contract Date: Dec 23, 2003
  • Current Sale Recording Date: Dec 29, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 486472
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 Putnam

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$190

Below Asking

0.04%

Average Days on Market

96

Average Home Size

1834 ft²

Average Home Age

44.7 years

Currently For Sale

290 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 436 Se 4th Avenue, MELROSE, FL, 32666

$2,595 /mo

  • 3 Beds
  • 2 Baths
  • 2,945 ft²
436 Se 4th Avenue, MELROSE, FL, 32666 Listing by Jessica Williams

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Trey Fields, III
CENTURY 21 LAKESIDE REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# GC521071
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. 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 231 Ashley Lake Drive built and last sold?
The property at 231 Ashley Lake Drive was built in 1986 and last sold on Dec 23, 2003 for $124,000.
How much is this home worth?
The estimated value of the home located at 231 Ashley Lake Drive is $0.
What are some comparable homes to 231 Ashley Lake Drive?
There are currently no comparable homes to 231 Ashley Lake Drive.
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