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Putnam
247 ASHLEY LAKE Drive
$270,000
● House - Off Market

247 ASHLEY LAKE Drive

Melrose, FL 32666
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,744 Ft²
$416,083
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Beautiful concrete block home on Ashley Lake with additional buildable lot next door.  This three bedroom, 2.5 bath home was totally rebuilt in 2004 after hurricane.  Large open floor plan with a dream kitchen, a wood burning fireplace in living room, tiled living areas and very large screened pool and hot tub.  Owner's suite is huge with a deluxe bathroom and abundant closet space. So much storage space throughout. Great home for entertaining, and large family.  Enjoy the lake and big sunny back yard or walk the woods and look for wildlife.
Unit Size
2,744 Ft²
Days on Market
-
Land Size
-
Price per sqft
$100
Property Type
House
Property Taxes
-
HOA Dues
$5
Year Built
1987

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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 #927351)

Price History

Date / Event Date Event Price
Jul 3, 2018 Sold
Premium
Sold
Mar 22, 2018 Listed by WATSON REALTY CORP $275,000
Listed by WATSON REALTY CORP

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 10
  • 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: 69
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 64,033
  • Lot Size Depth Feet: 4,670
  • Lot Size Frontage Feet: 1,230
  • Total Building Area: 2,744
  • Gross Building Area: 2,744
  • Building Area: 2,744
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 2,744
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASHLEY LAKE PLANTATION
  • Land Acres: 0000001470
  • 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 30

Neighborhood

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

Geography

  • Account Number: 327
  • Parcel: 17-09-23-0100-0020-0300
  • Block: 2
  • Lot: 30
  • Meridian: SEC 17 TWN 09S RNG 23E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.7047
  • Longitude: -82.0279

    Address

  • Full Address: 247 Ashley Lake Dr
  • Address - House Number: 247
  • 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: 3,019
  • Tax Year: 2023
  • Tax Amount: $252,345
  • Tax Rate Code Area: 000

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 282,245
  • High Value: 413,056
  • Low Value: 151,433

    Market Valuation

  • Market Total Value: $315,380
  • Market Land Value: $34,240
  • Market Improvement Value: $281,140

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,710

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 29, 2018
  • Current Sale Recording Date: Jul 03, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201854012200
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

1775 ft²

Average Home Age

45.1 years

Currently For Sale

299 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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Real MLS

Listed by: NANCY BARBERA, WATSON REALTY CORP
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 927351
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 247 Ashley Lake Drive built and last sold?
The property at 247 Ashley Lake Drive was built in 1987 and last sold on Jun 29, 2018 for $270,000.
How much is this home worth?
The estimated value of the home located at 247 Ashley Lake Drive is $290,665.
What are some comparable homes to 247 Ashley Lake Drive?
There are currently no comparable homes to 247 Ashley Lake Drive.
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