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Florala 36442
23418 3RD Avenue
$90,000
● House - Off Market

23418 3RD Avenue

Florala, AL 36442
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,783 Ft²
$160,284
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

EXCEPTIONAL BUY IN FLORALA. HOME OFFERS 4 BEDROOMS AND 2 FULL BATHS JUST MINUTES FROM BEAUTIFUL LAKE JACKSON. HOME HAS BEEN UPGRADED AND REMODELED WITH NEW FIXTURES AND FLOORING AND IS MOVE IN READY. HOME OFFERS A LARGE FAMILY ROOM AS WELL AS SUNROOM THAT OVERLOOKS THE LAKE. THE KITCHEN HAS A NICE BREAKFAST BAR AND CONNECTED DINING AREA. HOME HAS TONS OF BUILT INS AND OFFER A NEW FEEL WITH ORIGINAL CHARM STILL INTACT. UPSTAIRS OF HOME OFFERS 2 BEDROOMS PERFECT FOR ANY FAMILY AND GROWING CHILDREN. GREAT PLACE TO CALL HOME!
Unit Size
1,783 Ft²
Days on Market
-
Land Size
-
Price per sqft
$53
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955

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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 (ECAR MLS #748795)

Price History

Date / Event Date Event Price
Aug 29, 2016 Sold
Premium
Sold
Mar 16, 2016 Listed by Merrifield & Pilcher Realty $94,900
Listed by Merrifield & Pilcher Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 11
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,380
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 1,400
  • Total Building Area: 1,365
  • Building Area: 1,365
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,365
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GARRETT ADDITION
  • Land Acres: 0000000376
  • Standard Land Use Code: 1001
  • County Land Use Code: 0001
  • Legal Description 1: DB/PG 2016/11702 8/25/16 BEG @ NE COR LOT 1 BLK 30 GARRETT AD PB 1 PG 7 S26 T6 R21 POB; TH S-116.2'; W-140'; N-117.5'; E-140' TO POB

Neighborhood

  • School District Name: Covington County School District
  • School Tax School District: FLORALA
  • Census Tract: 963000

Geography

  • Account Number: 23299540
  • Section: 26
  • Parcel: 23-32-07-26-2-001-014.003
  • Block: 30
  • Lot: 1
  • Meridian: SEC 26 TWN 06N RNG 21W
  • Municipality: 6N
  • Latitude: 30.997
  • Longitude: -86.315

    Address

  • Full Address: 23418 3rd Ave
  • Address - House Number: 23418
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: AL
  • City Name: Florala
  • Carrier Code: C001
  • 4-Digit Zip Code: 3551
  • Zip Code: 36442

Valuation

    Tax

  • Total Area: 1,600
  • Tax Year: 2023
  • Tax Amount: $25,048
  • Tax Rate Code Area: 77

    Appraisal Valuation

  • Standard Deviation: 0.4237
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 15
  • Final Value: 69,368
  • High Value: 98,765
  • Low Value: 39,970

    Market Valuation

  • Market Total Value: $80,220
  • Market Land Value: $7,300
  • Market Improvement Value: $72,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,022
  • Assessed Land Value: $730
  • Assessed Improvements Value: $7,292

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 25, 2016
  • Current Sale Recording Date: Aug 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016-11702

    Financing

  • First Mortgage Financing Type: FIX
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 Florala

Stats & Trends

Median Asking:

$195,000

Sale Price/ft²

$137

Below Asking

0.05%

Average Days on Market

85

Average Home Size

1753 ft²

Average Home Age

26.4 years

Currently For Sale

7 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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ECAR

Listed by: Christa V Merrifield, Merrifield & Pilcher Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 748795
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.

Frequently Asked Questions

When was property at 23418 3rd Avenue built and last sold?
The property at 23418 3rd Avenue was built in 1955 and last sold on Aug 25, 2016 for $90,000.
How much is this home worth?
The estimated value of the home located at 23418 3rd Avenue is $0.
What are some comparable homes to 23418 3rd Avenue?
There are currently no comparable homes to 23418 3rd Avenue.
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