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Palatka 32177
2700 LUNDY Road
$345,000
● House - Off Market

2700 LUNDY Road

Palatka, FL 32177
bedrooms
Studio
bathrooms
2 Baths
square feet
2,880 Ft²
$1,744
Est. Monthly

About This Property

2880 Sq. Ft. Building on 2.77 Acres.  This is currently being used as the Woodmen of the World Lodge in R-1A zoning.  This is a residential zoning and could be used as a home or with a special use permit approval you could operate a church, daycare, school, or a non-commercial recreation center.  This zoning also allows for up to 4 dwellings per acre and there is city water and sewer.  The brick building has many offices, a large gathering room, 2 bathrooms, a kitchen, and storage area.  The lot is fully fenced, offers ample parking, a pavilion with picnic tables, and plenty of room for activities.  Located in an Opportunity Zone and only 2 miles to the Browns Landing Public Boat Ramp on the St. Johns River. Possible to get rezoned to Commercial too.  Call today for more info/showings!
Unit Size
2,880 Ft²
Days on Market
-
Land Size
-
Price per sqft
$123
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1989

Payment Calculator

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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 #1250851)

Price History

Date / Event Date Event Price
Mar 5, 2024 Sold
Premium
Sold
Oct 3, 2023 Listed by IHEART REALTY INC $355,000
Listed by IHEART REALTY INC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Business/Commerical Units Count: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 93
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 120,661
  • Total Building Area: 2,880
  • Gross Building Area: 2,880
  • Building Area: 2,880
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 2,880
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000002770
  • Standard Land Use Code: 2048
  • County Land Use Code: 07700
  • State Land Use Code: 77
  • Legal Description 1: PT OF SW1/4 OF NE1/4 OF SE1/4 OR516 P1318

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950900

Geography

  • Account Number: 79739
  • Parcel: 13-10-26-0000-0360-0010
  • Meridian: SEC 13 TWN 10S RNG 26E
  • Municipality: CITY OF PALATKA
  • Latitude: 29.6243
  • Longitude: -81.6479

    Address

  • Full Address: 2700 Lundy Rd
  • Address - House Number: 2700
  • Address - Street Name: Lundy
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Palatka
  • Carrier Code: R003
  • 4-Digit Zip Code: 7967
  • Zip Code: 32177

Valuation

    Tax

  • Total Area: 2,928
  • Tax Year: 2023
  • Tax Amount: $34,336
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: 010

    Market Valuation

  • Market Total Value: $252,560
  • Market Land Value: $33,240
  • Market Improvement Value: $219,320

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $252,560
  • Assessed Land Value: $33,240
  • Assessed Improvements Value: $219,320
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 Palatka

Stats & Trends

Median Asking:

$231,500

Sale Price/ft²

$163

Below Asking

0.04%

Average Days on Market

98

Average Home Size

1578 ft²

Average Home Age

63.9 years

Currently For Sale

55 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 1906 Roselle Avenue, Palatka, FL, 32177

$2,100 /mo

  • 4 Beds
  • 2 Baths
  • 1,000 ft²
1906 Roselle Avenue, Palatka, FL, 32177 Listing by STEVEN KOLENO
Unit for rent at 3521 Whitehall Street, FL, 32177

$1,950 /mo

  • 3 Beds
  • 2 Baths
  • 960 ft²
3521 Whitehall Street, FL, 32177 Listing by STEVEN KOLENO

Rentals Near You

Click here to view more rentals in the neighborhood.
Real MLS

Listed by: REED MATHEWS, IHEART REALTY INC
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1250851
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 2700 Lundy Road built and last sold?
The property at 2700 Lundy Road was built in 1989 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2700 Lundy Road is $358,550.
What are some comparable homes to 2700 Lundy Road?
There are currently no comparable homes to 2700 Lundy Road.
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