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Destin 32541 Kell-Aire Gardens
315 Cedar Street
$255,000
● House - Off Market

315 Cedar Street

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,806 Ft²
$408,911
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Well maintained home in Kell-Aire. All rooms are spacious. Great Room beamed ceiling & fireplace, seperate dining room plus an eat in kitchen.

Large screened patio with tile floor & privacy backyard fence. Some floors are hardwood. Carpet in the bedrooms. This house is at a great price! The interior need updating.
Unit Size
1,806 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$154
Property Type
House
Property Taxes
$127
HOA Dues
-
Year Built
1984

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #833467)

Price History

Date / Event Date Event Price
Jan 2, 2020 Sold
Premium
Sold
Oct 3, 2019 Sold
Premium
Sold
Sep 30, 2019 Listed by PMA Real Estate Sales Inc $279,000
Listed by PMA Real Estate Sales Inc

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • 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: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 546
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,799
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,580
  • Gross Building Area: 2,580
  • Building Area: 1,806
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,806
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AIRE GARDENS
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: KELL-AIRE GARDENS LOT 5 BLK G

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-3090-000G-0050
  • Block: G
  • Lot: 5
  • Municipality: DESTIN
  • Latitude: 30.3985
  • Longitude: -86.4818

    Address

  • Full Address: 315 Cedar St
  • Address - House Number: 315
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: FL
  • City Name: Destin
  • Carrier Code: C010
  • 4-Digit Zip Code: 2624
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,219
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 524,492
  • High Value: 627,068
  • Low Value: 421,917

    Market Valuation

  • Market Total Value: $364,619
  • Market Land Value: $117,943
  • Market Improvement Value: $246,676

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $364,619
  • Assessed Land Value: $117,943
  • Assessed Improvements Value: $246,676

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 23, 2019
  • Current Sale Recording Date: Jan 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3327692
  • Previous Sale Recording Date: Oct 03, 2019
  • Previous Sale Contract Date: Sep 30, 2019
  • Previous Sale Amount: $255,000
  • 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: Ariel S Lowerison, PMA Real Estate Sales Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 833467
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 315 Cedar Street built and last sold?
The property at 315 Cedar Street was built in 1984 and last sold on Dec 23, 2019 for $340,000.
How much is this home worth?
The estimated value of the home located at 315 Cedar Street is $295,492.
What are some comparable homes to 315 Cedar Street?
There are currently no comparable homes to 315 Cedar Street.
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