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Putnam 32177
243 W RIVER Road
$335,000
● House - Off Market

243 W RIVER Road

Palatka, FL 32177
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,472 Ft²
$617,320
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

5.3 acres on the main channel of the St. Johns River - 300 foot frontage.  Beautifully wooded, full bulkhead, dock and covered deck.  Home and grounds lovingly cared for by 3 generations of the same family.  Artisan well, full irrigation.  Everything works perfectly!  See disclosure.    

New Roof 2004

Irrigation 2005

Dock 2006

Replumb 2006

Bulkhead 2008
Unit Size
1,472 Ft²
Days on Market
-
Land Size
-
Price per sqft
$248
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959

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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 (Real MLS #838339)

Price History

Date / Event Date Event Price
Aug 26, 2016 Sold
Premium
Sold
Jul 18, 2016 Listed by WATSON REALTY CORP $365,500
Listed by WATSON REALTY CORP

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • 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: 0

    Dimensions

  • Lot Size Square Feet: 238,709
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 1,800
  • Total Building Area: 1,472
  • Gross Building Area: 1,472
  • Building Area: 1,472
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 1,472
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BODINE & POWERS SUB
  • Land Acres: 0000005480
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: BODINE & POWERS S/D MB4 P7 LOTS 52 53 & 54 BK222 P578

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950100

Geography

  • Account Number: 2143
  • Parcel: 18-09-27-0700-0000-0520
  • Lot: 52
  • Meridian: SEC 18 TWN 09S RNG 27E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.714
  • Longitude: -81.6316

    Address

  • Full Address: 243 W River Rd
  • Address - House Number: 243
  • Street Direction: W
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Palatka
  • Carrier Code: R006
  • 4-Digit Zip Code: 8612
  • Zip Code: 32177

Valuation

    Tax

  • Total Area: 1,556
  • Tax Year: 2023
  • Tax Amount: $1,146,913
  • Tax Rate Code Area: 000

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 339,965
  • High Value: 497,527
  • Low Value: 182,402

    Market Valuation

  • Market Total Value: $1,119,660
  • Market Land Value: $327,250
  • Market Improvement Value: $792,410

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $710,620

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 26, 2016
  • Current Sale Recording Date: Aug 26, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201654015037
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

$189

Below Asking

0.04%

Average Days on Market

92

Average Home Size

1793 ft²

Average Home Age

45.4 years

Currently For Sale

291 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

Rentals Near You

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Real MLS

Listed by: BRUCE HOMEYER, WATSON REALTY CORP
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 838339
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 243 West River Road built and last sold?
The property at 243 West River Road was built in 1959 and last sold on Aug 26, 2016 for $335,000.
How much is this home worth?
The estimated value of the home located at 243 West River Road is $0.
What are some comparable homes to 243 West River Road?
There are currently no comparable homes to 243 West River Road.
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