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Edgewater 32141 Florida Shores
3230 Silver Palm
$260,000
● House - Off Market

3230 Silver Palm

EDGEWATER, FL 32141
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,308 Ft²
$320,725
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Recently updated 4 bedroom 3 bathroom with a flex room that could be another bedroom or office. Freshly painted inside and out with new appliances in the kitchen. Open living area when you enter the large foyer into the kitchen. New flooring in all the front bedrooms. The home is situated on a large lot with woods to the rear that is not developed to provide great privacy. Newer Ac, metal roof. Included in the bedroom count is a large mother in law suite with its own separate entrance. Great location on a paved less traveled road. ;Water: City
Unit Size
2,308 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$120
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1987

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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: 3 years ago (Stellar MLS #NS1063139)

Price History

Date / Event Date Event Price
Jul 15, 2021 Sold
Premium
Sold
Feb 4, 2009 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 34
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,308
  • Gross Building Area: 2,308
  • Building Area: 2,308
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,308
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLORIDA SHORES
  • Land Acres: 0000000230
  • Standard Land Use Code: 1110
  • County Land Use Code: 0800
  • State Land Use Code: 01
  • Legal Description 1: LOTS 14759 & 14760 INC BLK 474 FLORIDA SHORES NO 25 MB 19 PG 245 PER OR 3224 PG 1895 PER OR 5449 PGS 4653-4656 INC PER OR 6224 PG 1789 PER OR 6319 PG 2773 PER OR 8084 PG 0027

Neighborhood

  • School District Name: Volusia County School District
  • Census Tract: 083007

Zoning

  • Zoning: 07R2B

Geography

  • Assessors Map Reference: E2-0041-15
  • Account Number: 3961277
  • Subdivision Tract Number: 01
  • Parcel: 8402-01-14-7590
  • Block: 474
  • Lot: 14759
  • Meridian: SEC 02 TWN 18S RNG 34E
  • Municipality: EDGEWATER
  • Latitude: 28.935
  • Longitude: -80.909

    Address

  • Full Address: 3230 Silver Palm Dr
  • Address - House Number: 3230
  • Address - Street Name: Silver Palm
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Edgewater
  • Carrier Code: R013
  • 4-Digit Zip Code: 6402
  • Zip Code: 32141

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $513,870
  • Tax Rate Code Area: 604

    Appraisal Valuation

  • Standard Deviation: 0.4997
  • Valuation Date: Feb 14, 2024
  • Final Value: 317,541
  • High Value: 476,220
  • Low Value: 158,861

    Market Valuation

  • Market Total Value: $274,638
  • Market Land Value: $34,000
  • Market Improvement Value: $240,638

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $274,638
  • Assessed Land Value: $34,000
  • Assessed Improvements Value: $240,638

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-166151
  • Previous Sale Recording Date: Feb 04, 2009
  • Previous Sale Contract Date: Jan 05, 2009
  • Previous Sale Amount: $94,500
  • 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 Florida Shores

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$203

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1669 ft²

Average Home Age

35.8 years

Currently For Sale

67 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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STELLAR

Listed by: Mark Valerien
BEACH TOWNE REALTORS
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# NS1063139
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. 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 3230 Silver Palm Drive built and last sold?
The property at 3230 Silver Palm Drive was built in 1987 and last sold on Jul 9, 2021 for $260,000.
How much is this home worth?
The estimated value of the home located at 3230 Silver Palm Drive is $289,333.
What are some comparable homes to 3230 Silver Palm Drive?
There are currently no comparable homes to 3230 Silver Palm Drive.
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