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East Palatka 32131
262 RIVER Drive
$145,000
● House - Off Market

262 RIVER Drive

East Palatka, FL 32131
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,830 Ft²
$250,288
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

Solid concrete block/brick overlay 3/2 home with nice bonus room (office, play, exercise, etc.) Located on cul-de-sac in River Groves riverfront community. Beautifully renovated with hand crafted Cypress wood accents and shutters. Knock down on ceilings and walls, wood laminate flooring, new fixtures, doors, windows (2'' blinds for all), stainless appliances, and tankless water heater. Stove, water heater, dryer and heat are gas. Wood burning fireplace with Cypress wood mantel. Privacy fenced back yard with access gate on both sides. Open space on right front side for additional parking (or space for boat). Nice paved double driveway. Approximately 2 miles to boat ramp at City dock. You will want to check this one out!
Unit Size
1,830 Ft²
Days on Market
38 days
Land Size
-
Price per sqft
$85
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #873282)

Price History

Date / Event Date Event Price
May 5, 2023 Sold
Premium
Sold
Mar 14, 2023 Listed by COLDWELL BANKER BEN BATES INC $276,000
Listed by COLDWELL BANKER BEN BATES INC
May 3, 2017 Sold
Premium
Sold
Mar 24, 2017 Listed by COLDWELL BANKER BEN BATES INC $154,900
Listed by COLDWELL BANKER BEN BATES INC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1992
  • 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: 69
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,830
  • Gross Building Area: 1,830
  • Building Area: 1,830
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 1,830
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER GROVES
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: RIVER GROVES MB4 P105, BLK A L

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 951000

Geography

  • Account Number: 52613
  • Parcel: 38-10-27-7770-0010-0640
  • Block: A
  • Lot: 64
  • Meridian: SEC 38 TWN 10S RNG 27E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.6478
  • Longitude: -81.6084

    Address

  • Full Address: 262 River Dr
  • Address - House Number: 262
  • Address - Street Name: River
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: East Palatka
  • Carrier Code: R002
  • 4-Digit Zip Code: 4032
  • Zip Code: 32131

Valuation

    Tax

  • Total Area: 1,893
  • Tax Year: 2023
  • Tax Amount: $121,828

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 158,877
  • High Value: 232,511
  • Low Value: 85,242

    Market Valuation

  • Market Total Value: $206,680
  • Market Land Value: $20,250
  • Market Improvement Value: $186,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $99,380

    Sales

  • Current Sale Contract Date: May 04, 2023
  • Current Sale Recording Date: May 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9775
  • Previous Sale Recording Date: May 03, 2017
  • Previous Sale Contract Date: May 01, 2017
  • Previous Sale Amount: $145,000
  • 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 East Palatka

Stats & Trends

Median Asking:

$244,450

Sale Price/ft²

$150

Below Asking

0.04%

Average Days on Market

108

Average Home Size

1390 ft²

Average Home Age

71.8 years

Currently For Sale

6 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: KIMBERLY T MORRIS, COLDWELL BANKER BEN BATES INC
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 873282
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 262 River Drive built and last sold?
The property at 262 River Drive was built in 1965 and last sold on May 4, 2023 for $276,000.
How much is this home worth?
The estimated value of the home located at 262 River Drive is $0.
What are some comparable homes to 262 River Drive?
There are currently no comparable homes to 262 River Drive.
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