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Wallace 32571 Pace
2738 Gemstone Circle
$555,000
● House - Off Market

2738 Gemstone Circle

Pace, FL 32571
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,141 Ft²
$3,878
Est. Monthly
$600
HOA / Fees
3.75%
Cap Rate

About This Property

Take a look at this gorgeous 5 bdrm, 3 bath brick masterpiece situated on a half acre lot in the sought after Ashley Plantation community! Walk through the front door to wood-look flooring throughout main living area. The kitchen is equipped with granite countertops, versatile island, and breakfast bar. Stainless steel appliances, and walk in pantry. The living room offers a cozy atmosphere with its charming try ceiling and inviting fireplace.  Formal dining room with tray ceiling. For those who work from home or need a quiet place to study, the dedicated office/study provides the ideal environment. The primary suite with tile shower, granite countertop, double vanity, soaking tub and walk in closet. Screened in patio  that overlooks the large privately fenced back yard. Shed for storage.
Unit Size
3,141 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$183
Property Type
House
Property Taxes
$454
HOA Dues
$600
Year Built
2019

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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 (ECAR MLS #937767)

Price History

Date / Event Date Event Price
Nov 22, 2024 Sold
Premium
Sold
Jun 5, 2024 No longer available -
No longer available
Mar 29, 2024 Price Increased $609,900
↑ $35K (6.1%)
Price Increased
Feb 2, 2024 Relisted $574,900
Relisted
Feb 1, 2024 No longer available -
No longer available
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 13
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 424
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,693
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 1,240
  • Total Building Area: 3,945
  • Gross Building Area: 3,945
  • Building Area: 3,141
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,141
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ASHLEY PLANTATION
  • Land Acres: 0000000498
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • Legal Description 1: ASHLEY PLANTATION PHASE 4-B LOT 27 BLK L AS DES IN OR 4182 PG 1346

Neighborhood

  • School District Name: Santa Rosa County School District
  • Census Tract: 010302

Zoning

  • Zoning: PUD

Geography

  • Parcel: 23-2N-30-0077-00L00-0270
  • Block: L
  • Lot: 27
  • Meridian: SEC 23 TWN 2N RNG 30W
  • Municipality: PACE
  • Latitude: 30.6606
  • Longitude: -87.2092

    Address

  • Full Address: 2738 Gemstone Cir
  • Address - House Number: 2738
  • Address - Street Name: Gemstone
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Milton
  • Carrier Code: R037
  • 4-Digit Zip Code: 6876
  • Zip Code: 32571

Valuation

    Tax

  • Total Area: 3,469
  • Tax Year: 2023
  • Tax Amount: $581,627
  • Tax Rate Code Area: 0022

    Appraisal Valuation

  • Standard Deviation: 0.0831
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 93
  • Final Value: 625,101
  • High Value: 677,085
  • Low Value: 573,116

    Market Valuation

  • Market Total Value: $444,170
  • Market Land Value: $70,000
  • Market Improvement Value: $374,170

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $444,170
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $374,170

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Sep 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202163822
  • Previous Sale Recording Date: Jan 02, 2020
  • Previous Sale Contract Date: Dec 31, 2019
  • Previous Sale Amount: $374,200
  • Previous Sale Document Type: 68
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 Pace

Stats & Trends

Median Asking:

$332,500

Sale Price/ft²

$171

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2104 ft²

Average Home Age

19.4 years

Currently For Sale

23 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

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ECAR

Listed by: Tiffany N Scott, Better Homes and Gardens Real Estate Main Street Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 937767
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.

Frequently Asked Questions

When was property at 2738 Gemstone Circle built and last sold?
The property at 2738 Gemstone Circle was built in 2019 and last sold on Sep 17, 2021 for $540,000.
How much is this home worth?
The estimated value of the home located at 2738 Gemstone Circle is $0.
What are some comparable homes to 2738 Gemstone Circle?
There are currently no comparable homes to 2738 Gemstone Circle.
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