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Putnam 32640
241 CESSNA Way
$50,000
● Land - Off Market

241 CESSNA Way

Hawthorne, FL 32640
bedrooms
Studio
bathrooms
0 Bath
$55,327
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

5 wooded acres, high and dry in the Melrose Landing. Nice area at the end of Cessna way in the cul-de-sac. Melrose Landing is a quiet HOA community with a private airstrip, paved roads and access to the club house 2 weeks out of the year. The property is centrally located between Gainesville and Palatka. Locally just minutes to Historic Melrose Florida. Melrose is a desirable small town with plenty of activities such as, live music, restaurants, art walks, family friendly parks including Lake Santa Fe. The Lake is 6000 acres, fully recreational with 4 easy launch boat ramps year round. Take a drive though Melrose then check out Melrose landing and see what others drew them to the area.
Unit Size
-
Days on Market
-
Land Size
5.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$7
Year Built
-

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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 (Real MLS #1134292)

Price History

Date / Event Date Event Price
May 6, 2022 Sold
Premium
Sold
Sep 30, 2021 Listed by CENTURY 21 LAKESIDE REALTY $54,900
Listed by CENTURY 21 LAKESIDE REALTY
Dec 27, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 228,254
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MELROSE LANDING
  • Land Acres: 0000005240
  • Standard Land Use Code: 1006
  • County Land Use Code: 00200
  • State Land Use Code: 99
  • Legal Description 1: MELROSE LANDING MB6 P29 BLK I LOT 9

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 002002

Geography

  • Account Number: 40069
  • Parcel: 01-10-23-5740-0090-0090
  • Block: 1
  • Lot: 9
  • Meridian: SEC 01 TWN 10S RNG 23E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.6562
  • Longitude: -81.9477

    Address

  • Full Address: 241 Cessna
  • Address - House Number: 241
  • Address - Street Name: Cessna
  • State: FL
  • City Name: Hawthorne
  • Zip Code: 32640

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $254,766
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 000

    Market Valuation

  • Market Total Value: $180,670
  • Market Land Value: $57,640
  • Market Improvement Value: $123,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,670
  • Assessed Land Value: $57,640
  • Assessed Improvements Value: $123,030

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 06, 2022
  • Current Sale Recording Date: May 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11564
  • Previous Sale Recording Date: Dec 27, 2004
  • Previous Sale Contract Date: Dec 23, 2004
  • 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 Putnam

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$190

Below Asking

0.04%

Average Days on Market

97

Average Home Size

1837 ft²

Average Home Age

44.7 years

Currently For Sale

289 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

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Real MLS

Listed by: CARL BUZ, CENTURY 21 LAKESIDE REALTY
Last Updated: 3 years ago
Data Source: Real MLS, MLS# 1134292
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 241 Cessna Way built and last sold?
The property at 241 Cessna Way was built in and last sold on May 6, 2022 for $50,000.
How much is this home worth?
The estimated value of the home located at 241 Cessna Way is $0.
What are some comparable homes to 241 Cessna Way?
There are currently no comparable homes to 241 Cessna Way.
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