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Destin 32541 Kell-Aire Gardens
309 Spanish Moss Trail
$202,500
● House - Off Market

309 Spanish Moss Trail

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,518 Ft²
$463,976
RealtyHop Estimate
115.80%
Since Nov 1, 2012
National-US
Primary Model

About This Property

Desirable location in Kell-Aire. Spacious 3 bedroom home, split floor plan. Large living room with wood burning fireplace, Florida room off the kitchen/ dining area. Second largest lot in Kell-Aire. Back yard plenty of room to put a pool, great for entertainment. Backyard all fenced in. Fence is 5 years old. Shed on property for storage. Home has been well maintained. New roof 1 year ago. Skylights in the living area are hurricane resistant. Storm shutters on the windows in the front of the house. One time home owner. Buyer to verify all sq. ft. and dimensions.
Unit Size
1,518 Ft²
Days on Market
-
Land Size
-
Price per sqft
$142
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1983

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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 #575844)

Price History

Date / Event Date Event Price
Jan 5, 2022 Sold
Premium
Sold
Nov 6, 2012 Sold
Premium
Sold
Apr 20, 2012 Listed by Sea Coast Realty Group Inc $215,000
Listed by Sea Coast Realty Group Inc

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • 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: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 600
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 98
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,247
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,518
  • Gross Building Area: 2,518
  • Building Area: 1,518
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,518
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AIRE GARDENS
  • Land Acres: 0000000304
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: KELL-AIRE GARDENS LOT 7 BLK J

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023305

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-3090-000J-0070
  • Block: J
  • Lot: 7
  • Municipality: DESTIN
  • Latitude: 30.3981
  • Longitude: -86.4827

    Address

  • Full Address: 309 Spanish Moss Trl
  • Address - House Number: 309
  • Address - Street Name: Spanish Moss
  • Address - Suffix Type: Trl
  • State: FL
  • City Name: Destin
  • Carrier Code: C010
  • 4-Digit Zip Code: 2602
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,052
  • Tax Year: 2023
  • Tax Amount: $324,787
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1957
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 482,971
  • High Value: 577,491
  • Low Value: 388,451

    Market Valuation

  • Market Total Value: $357,719
  • Market Land Value: $129,737
  • Market Improvement Value: $227,982

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $310,413

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 03, 2022
  • Current Sale Recording Date: Jan 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3517855
  • Previous Sale Recording Date: Nov 06, 2012
  • Previous Sale Contract Date: Oct 31, 2012
  • Previous Sale Amount: $202,500
  • 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 Kell-Aire Gardens

Stats & Trends

Median Asking:

$449,500

Sale Price/ft²

$280

Above Asking

0.00%

Average Days on Market

106

Average Home Size

1684 ft²

Average Home Age

38 years

Currently For Sale

1 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: Denise Dufault, Sea Coast Realty Group Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 575844
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 309 Spanish Moss Trail built and last sold?
The property at 309 Spanish Moss Trail was built in 1983 and last sold on Jan 3, 2022 for $440,000.
How much is this home worth?
The estimated value of the home located at 309 Spanish Moss Trail is $0.
What are some comparable homes to 309 Spanish Moss Trail?
There are currently no comparable homes to 309 Spanish Moss Trail.
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