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Putnam 32177
2917 SILVER LAKE Drive
$252,000
● House - Off Market

2917 SILVER LAKE Drive

Palatka, FL 32177
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,544 Ft²
$1,539
Est. Monthly
8.00%
Cap Rate

About This Property

Move in ready home on almost 3/4 acre lot with no HOA.  Centrally located close to shopping and services in the growing town of Palatka. Minutes to the historic downtown and riverfront parks for easy access and year round recreation. Less than an hour to the area beaches. Home has bright open interior that is freshly painted with quality Sherwin Williams paint. The appliances, water heater and roof are all approximately 2 years old or newer as well as updated cabinets and vanities and more.  All the hard work is done so you can just enjoy Florida Living at it's best while you relax in the family room or putter in the detached garage/workshop out back. If you hate changing light bulbs, you are in luck lights have been replaced with LED lighting. Yard is HUGE and backyard is fenced to be pet friendly.
Unit Size
1,544 Ft²
Days on Market
49 days
Land Size
0.73 acres
Price per sqft
$168
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
1966

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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 #2104892)

Price History

Date / Event Date Event Price
Oct 8, 2025 Sold
Premium
Sold
Sep 9, 2025 In contract -
In contract
Aug 19, 2025 Listed by MODERN REALTY OF FLORIDA $259,900
Listed by MODERN REALTY OF FLORIDA
Aug 28, 2023 Sold
Premium
Sold
Jun 15, 2023 Listed by MODERN REALTY OF FLORIDA $239,900
Listed by MODERN REALTY OF FLORIDA

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1981
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 7
  • Garage Square Area: 432
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,492
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 2,040
  • Total Building Area: 1,472
  • Gross Building Area: 1,472
  • Building Area: 1,472
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 1,472
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000700
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: PT OF E1/2 OF SW1/4 OF NW1/4 OR172 P243 OR210 P306

Neighborhood

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

Geography

  • Account Number: 79719
  • Parcel: 13-10-26-0000-0252-0000
  • Meridian: SEC 13 TWN 10S RNG 26E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.6297
  • Longitude: -81.6584

    Address

  • Full Address: 2917 Silver Lake Dr
  • Address - House Number: 2917
  • Address - Street Name: Silver Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Palatka
  • Carrier Code: C009
  • 4-Digit Zip Code: 5714
  • Zip Code: 32177

Valuation

    Tax

  • Total Area: 1,672
  • Tax Year: 2023
  • Tax Amount: $57,213
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 000

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 197,627
  • High Value: 289,220
  • Low Value: 106,033

    Market Valuation

  • Market Total Value: $206,730
  • Market Land Value: $43,250
  • Market Improvement Value: $163,480

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $76,490

    Sales

  • Current Sale Contract Date: Aug 25, 2023
  • Current Sale Recording Date: Aug 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19144
  • Previous Sale Recording Date: May 14, 2003
  • Previous Sale Contract Date: May 13, 2003
  • 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 Putnam

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$189

Below Asking

0.04%

Average Days on Market

97

Average Home Size

1769 ft²

Average Home Age

45.4 years

Currently For Sale

297 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

$2,400 /mo

  • 4 Beds
  • 2 Baths
  • 1,000 ft²
1906 Roselle Avenue, Palatka, FL, 32177 Listing by STEVEN KOLENO

Rentals Near You

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

Listed by: LARISSA RICKETTS-OWENS, MODERN REALTY OF FLORIDA
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 2104892
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 2917 Silver Lake Drive built and last sold?
The property at 2917 Silver Lake Drive was built in 1966 and last sold on Aug 25, 2023 for $220,000.
How much is this home worth?
The estimated value of the home located at 2917 Silver Lake Drive is $262,454.
What are some comparable homes to 2917 Silver Lake Drive?
There are currently no comparable homes to 2917 Silver Lake Drive.
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