$424,900
●
House -
Off Market
262 SILVER LAKE Road
Palatka, FL 32177
2 Beds
2 Baths,
1
Half Bath
$437,547
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model
About This Property
Storybook like new 2019 Log Cabin sitting on 3.14 acres with HUGE
steel building and tons of privacy!. Built in 2019 this lovely log
cabin has pine hardwood floors throughout and lots of cypress for
even more appeal. Granite countertops and custom hard wood
decorative cabinets w/ breakfast bar for dining, along w/ stainless
steel appliances. 2 Bedrooms, 1 upstairs and 1 downstairs. 2 1/2
baths with granite and hammered copper sinks. Cabin equipped w/ 2
new Lennox HVAC for low monthly bills, along w/ extra insulation in
all required areas. The HUGE shed is brand new and constructed of
Steel for high winds, with LED lighting, & metal roof on shed and
cabin. Custom Beams and even has a decorative handicap ramp for
easy entry on rear of cabin. Shed has electric service and
shelving. Call today today
Unit Size
-
Days on Market
155 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2019
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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: 9 months ago (Real MLS #1133461)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 3, 2022 | Sold | ||
| Sold | |||
| Sep 27, 2021 | Listed by FLORIDA LUXURY HOMES | $424,900 | |
| Listed by FLORIDA LUXURY HOMES | |||
| Dec 2, 2020 | Listed by MODERN REALTY OF FLORIDA | $475,000 | |
| Listed by MODERN REALTY OF FLORIDA | |||
| | |||
|
Custom cypress log home in prime location not in city limits! Home sits on 3.14 acres of Agricultural zoned property. Hospital, State College and Shopping are minutes away. Unique log home is cypress throughout with pine hardwood floors. Very economical on utilities with two heat pumps and extra insulation 900 sq. ft. detached steel building with electric service. Home has custom cabinetry with granite counters and stainless steel appliances. Tile baths with granite and hammered copper sinks. This is perfect home for buyer that wants Florida living but longs for their own story book cabin. Additional amenities: LED lighting, metal roof, custom beams, 36'x40' barn/garage, handicap ramp, USB outlets.
| |||
| Jan 25, 2018 | Sold | ||
| Sold | |||
| Mar 31, 2011 | Sold | ||
| Sold | |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Putnam
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Listed by: DIANE EAVEY, FLORIDA LUXURY HOMES
Last Updated: 9 months ago
Data Source: Real MLS, MLS# 1133461
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.
Last Updated: 9 months ago
Data Source: Real MLS, MLS# 1133461
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