$92,500
●
House -
Off Market
3005 BAY GROVE Road
Freeport, FL 32439
1 Bed
1 Bath
648 Ft²
$161,578
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model
About This Property
Enjoy your little hideaway so close to the Choctawhatchee Bay and
just over the bridge to the Gulf of Mexico. New roof was installed
in September 2014, floating wood-grain floor in the living / dining
area installed Jan. 2017, concrete floors have been sealed and
painted in Jan. 2017. Newly painted in Dec. 2016. Home has a
screened in front porch, kitchen, living room, bath with shower and
1 bedroom and another room with 2 beds . There are 3 window a/c
units. Home is connected to Freeport City with water and sewer.
There is an outside storage building approximately 10 x 8 in the
back yard. Concrete patio in the back. Home is sold ''AS IS''.
Please be careful when entering home, must step over the entry
plates at the bottom of the doors.
Unit Size
648 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$154
Property Type
House
Property Taxes
$30
HOA Dues
-
Year Built
1960
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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 #747914)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2024 | No longer available | - | |
| No longer available | |||
| Jan 31, 2024 | Listed by world Impact real estate | $389,000 | |
| Listed by world Impact real estate | |||
| | |||
|
Location, Location,Location!Cute 2 Bedroom 1Bath Cottage with a huge Choctawhatchee Bay view across from the new Grady Brown Park is ready for you to add your personal touches.Cottage front porch needs rescreening or you could build a beautiful Florida sunroom to enjoy evening sunsets on the bay.Grady Brown Park offers 4 boat slips, a kayak slip, sandy beach and swimming area, children's playground, grills and a beautiful picnic venue.Excellent Investment opportunity. 5 Min to 30A20 Min to Destin20 Min to Panama city BeachHome is being sold as is Cash only The manager has listed the unit size as 648 square feet.
| |||
| May 2, 2022 | No longer available | - | |
| No longer available | |||
| Dec 16, 2021 | Price Decreased |
$269,000
↓ $30K
(10%) | |
| Price Decreased | |||
| Nov 10, 2021 | Listed by World Impact Real Estate | $299,000 | |
| Listed by World Impact Real Estate | |||
| | |||
|
Enjoy your little hideaway on the Choctawhatchee Bay and just minutes away to the Gulf of Mexico. New roof was installed in September 2014, floating wood-grain floor in the living / dining area installed 2017, concrete floors have been sealed and painted in 2017. Home has a screened in front porch. There are 3 window a/c units. Home is connected to Freeport City with water and sewer. There is an outside storage building approximately 10 x 8 in the back yard. Concrete patio in the back. Home is sold ''AS IS''. Please be careful when entering home, must step over the entry plates at the bottom of the doors. The manager has listed the unit size as 648 square feet.
| |||
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Property Highlights
Building Info
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About Walton
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Listed by: Jan N Hooks, Jan Hooks Real Estate Group Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 747914
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 747914
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