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Edgewater 32141 Florida Shores
2721 Needle Palm DRIVE
$340,000
● House - Off Market

2721 Needle Palm DRIVE

EDGEWATER, FL 32141
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,368 Ft²
$2,164
Est. Monthly
6.53%
Cap Rate

About This Property

LIKE NEW- Built in 2021. This 3 bedroom, 2 bathroom home with 2-car garage sits on a large level fenced lot. Inside you'll find vaulted ceilings, ceiling fans and recessed lighting.  Open floorplan with a great room/dining room combination. Kitchen features light cabinetry, granite countertops and upgraded SS appliances. Primary suite includes walk-in tile shower, granite countertops and spacious walk-in closet with custom shelving.  Two remaining bedrooms are generous in size and share a bath with tiled shower and granite counters. Inside laundry- Bonus- RV plug on outside of the garage for your convenience! Amazing location- NO HOA or CDD! Check out the 3D tour online and schedule a private viewing today!
Unit Size
1,368 Ft²
Days on Market
63 days
Land Size
0.23 acres
Price per sqft
$258
Property Type
House
Property Taxes
$430
HOA Dues
-
Year Built
2021

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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 #O6205475)

Price History

Date / Event Date Event Price
Jul 19, 2024 Sold
Premium
Sold
Jun 25, 2024 In contract -
In contract
Jun 7, 2024 Price Decreased $353,000
↓ $10K (2.8%)
Price Decreased
May 17, 2024 Listed by REDFIN CORPORATION $363,000
Listed by REDFIN CORPORATION
May 11, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • 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: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Cover: 16
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • 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: 1,809
  • Gross Building Area: 1,809
  • Building Area: 1,368
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,368
  • Heating Fuel Type: 0

    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: 00
  • Legal Description 1: 2 & 11-18-34 LOTS 10031 & 10032 BLK 323 FLORIDA SHORES NO 11 MB 19 PG 212 PER OR 7818 PG 3761 PER OR 7840 PG 0861 PER OR 8002 PG 0065 PER OR 8045 PG 3671

Neighborhood

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

Zoning

  • Zoning: 07R2B

Geography

  • Assessors Map Reference: E2-0041-11
  • Account Number: 3942582
  • Subdivision Tract Number: 01
  • Parcel: 8402-01-10-0310
  • Block: 323
  • Lot: 10031
  • Meridian: SEC 02 TWN 18S RNG 34E
  • Municipality: EDGEWATER
  • Latitude: 28.9509
  • Longitude: -80.9003

    Address

  • Full Address: 2721 Needle Palm Dr
  • Address - House Number: 2721
  • Address - Street Name: Needle Palm
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Edgewater
  • Carrier Code: R001
  • 4-Digit Zip Code: 5431
  • Zip Code: 32141

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $515,845
  • Tax Rate Code Area: 604

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 77
  • Final Value: 345,260
  • High Value: 404,836
  • Low Value: 285,685

    Market Valuation

  • Market Total Value: $279,459
  • Market Land Value: $42,000
  • Market Improvement Value: $237,459

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $279,459
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $237,459

    Sales

  • Current Sale Contract Date: May 10, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-109651
  • Previous Sale Recording Date: Feb 24, 2020
  • Previous Sale Contract Date: Feb 18, 2020
  • Previous Sale Amount: $56,500
  • 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:

$299,999

Sale Price/ft²

$203

Below Asking

0.03%

Average Days on Market

62

Average Home Size

1644 ft²

Average Home Age

35.8 years

Currently For Sale

75 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

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Tammy Shaver
REDFIN CORPORATION
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# O6205475
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 2721 Needle Palm Drive built and last sold?
The property at 2721 Needle Palm Drive was built in 2021 and last sold on May 10, 2021 for $275,000.
How much is this home worth?
The estimated value of the home located at 2721 Needle Palm Drive is $0.
What are some comparable homes to 2721 Needle Palm Drive?
There are currently no comparable homes to 2721 Needle Palm Drive.
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