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Edgewater 32141 Florida Shores
2531 Sabal Palm DRIVE
$290,000
● House - Off Market

2531 Sabal Palm DRIVE

EDGEWATER, FL 32141
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,499 Ft²
$309,942
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Stunning Designer Decorated newly renovated home featuring wide open and airy floor plan vaulted ceiling, and a huge corner lot with fenced in back yard! This move in ready home comes with NEW ROOF IN 2018, brand new flooring, kitchen including quartz countertops and stainless appliances, bathrooms, paint, and lighting fixtures!  Enough parking for several cars and even a separate pad for the RV, boat, or extra cars!  2 main bedrooms as well as a finished and air conditioned garage which would be a perfect 3rd bedroom, Rec room, or man cave!  Nothing has been spared in this smart and modern remodel!  If you win this home, all you need to do is move in and enjoy your beautiful new sanctuary!  Schedule your showing now!!
Unit Size
1,499 Ft²
Days on Market
29 days
Land Size
0.23 acres
Price per sqft
$196
Property Type
House
Property Taxes
$158
HOA Dues
-
Year Built
1980

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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 #O6068593)

Price History

Date / Event Date Event Price
Nov 21, 2022 Sold
Premium
Sold
Oct 26, 2022 Listed by FLA REAL ESTATE SERVICES $293,700
Listed by FLA REAL ESTATE SERVICES
Sep 22, 2022 Sold
Premium
Sold
Oct 15, 1980 Sold
Premium
Sold
Mar 15, 1980 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,499
  • Gross Building Area: 1,499
  • Building Area: 1,499
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,499
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLORIDA SHORES
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOTS 9128 & 9129 BLK 294 FLORIDA SHORES NO 10 MB 23 PG 147 PER OR 2208 PG 0669 PER OR 5854 PG 0534 PER OR 8315 PG 2842 PER OR 8337 PG 0566

Neighborhood

  • School District Name: Volusia County School District
  • Census Tract: 083006

Zoning

  • Zoning: 07R2B

Geography

  • Assessors Map Reference: E2-0041-03
  • Account Number: 3939221
  • Subdivision Tract Number: 01
  • Parcel: 8402-01-09-1280
  • Block: 294
  • Lot: 9128
  • Meridian: SEC 02 TWN 18S RNG 34E
  • Municipality: EDGEWATER
  • Latitude: 28.9524
  • Longitude: -80.906

    Address

  • Full Address: 2531 Sabal Palm Dr
  • Address - House Number: 2531
  • Address - Street Name: Sabal Palm
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Edgewater
  • Carrier Code: R011
  • 4-Digit Zip Code: 4915
  • Zip Code: 32141

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $454,154
  • Tax Rate Code Area: 604

    Appraisal Valuation

  • Standard Deviation: 0.2073
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 71
  • Final Value: 312,719
  • High Value: 377,547
  • Low Value: 247,890

    Market Valuation

  • Market Total Value: $238,270
  • Market Land Value: $42,000
  • Market Improvement Value: $196,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $238,270
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $196,270

    Sales

  • Current Sale Contract Date: Nov 18, 2022
  • Current Sale Recording Date: Nov 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 259102
  • Previous Sale Recording Date: Sep 22, 2022
  • Previous Sale Contract Date: Sep 19, 2022
  • Previous Sale Amount: $175,000
  • 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 Florida Shores

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$202

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1646 ft²

Average Home Age

35.7 years

Currently For Sale

63 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 408 Northstar Lane, EDGEWATER, FL, 32141

$2,500 /mo

  • 4 Beds
  • 3 Baths
  • 2,476 ft²
408 Northstar Lane, EDGEWATER, FL, 32141 Listing by Michael Norton
Unit for rent at 2711 Silver Canoe Drive, EDGEWATER, FL, 32141

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,840 ft²
2711 Silver Canoe Drive, EDGEWATER, FL, 32141 Listing by Alessio Ceci

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Jason Eckles
FLA REAL ESTATE SERVICES
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# O6068593
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 2531 Sabal Palm Drive built and last sold?
The property at 2531 Sabal Palm Drive was built in 1980 and last sold on Nov 18, 2022 for $290,000.
How much is this home worth?
The estimated value of the home located at 2531 Sabal Palm Drive is $0.
What are some comparable homes to 2531 Sabal Palm Drive?
There are currently no comparable homes to 2531 Sabal Palm Drive.
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