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Walton 32439
324 Suggs Road
$619,000
● House - Off Market

324 Suggs Road

Freeport, FL 32439
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,886 Ft²
$3,557
Est. Monthly
4.82%
Cap Rate

About This Property

Charming, renovated farmhouse on nearly 5-acres, including guest quarters, fenced corral, 'hen's den' chicken coop, and a spring-fed pond / stream.  Located in Freeport, Florida, this tranquil homestead offers a peaceful refuge from the congested coastline of traffic and tourists.  The property is well-maintained and abuts large tracts that offers private buffer.  Please inquire for further details and to schedule a showing.
Unit Size
2,886 Ft²
Days on Market
-
Land Size
4.85 acres
Price per sqft
$242
Property Type
House
Property Taxes
$124
HOA Dues
-
Year Built
2004

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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 #948949)

Price History

Date / Event Date Event Price
Aug 13, 2024 Sold
Premium
Sold
May 3, 2024 Listed by Somers & Company $699,000
Listed by Somers & Company
Jun 27, 2017 Sold
Premium
Sold
Jan 28, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 468
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 211,092
  • Total Building Area: 3,078
  • Gross Building Area: 3,078
  • Building Area: 3,078
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,078
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004846
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: N 590 FT OF W 285 FT OF NW4 OF SW4 ALONG WITH INGRESS/EGRESS EASMENT OR 1607-57 OR 2441-532 OR 2441-533 LESS & EXCEPT: EAST 80 FT THEREOF. OR 2665-2008 OR 2734-3598 ALSO TO INCL BEG AT NE/C OF NE4 OF SE4 OF SEC 11, S 00 DEG 1716E ALG E LINE A DIS

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950306

Geography

  • Assessors Map Reference: S1-12-20
  • Section: 11
  • Parcel: 12-1S-20-32000-059-0020
  • Block: 5900
  • Lot: 20
  • Meridian: SEC 12 TWN 01S RNG 020
  • Municipality: COUNTY
  • Latitude: 30.5087
  • Longitude: -86.209

    Address

  • Full Address: 324 Suggs Rd
  • Address - House Number: 324
  • Address - Street Name: Suggs
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Freeport
  • Carrier Code: R003
  • 4-Digit Zip Code: 2451
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 3,072
  • Tax Year: 2022
  • Tax Amount: $147,614
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.2222
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 504,411
  • High Value: 616,494
  • Low Value: 392,329

    Market Valuation

  • Market Total Value: $290,028
  • Market Land Value: $51,018
  • Market Improvement Value: $239,010

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $201,255

    Sales

  • Current Sale Contract Date: Jun 04, 2017
  • Current Sale Recording Date: Jun 27, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20170020967
  • Previous Sale Recording Date: Jan 28, 2015
  • Previous Sale Contract Date: Jan 20, 2015
  • Previous Sale Amount: $120,000
  • 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 Walton

Stats & Trends

Median Asking:

$700,000

Sale Price/ft²

$399

Below Asking

0.02%

Average Days on Market

80

Average Home Size

2266 ft²

Average Home Age

17.7 years

Currently For Sale

3391 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: John Paul Somers, Somers & Company
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 948949
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 324 Suggs Road built and last sold?
The property at 324 Suggs Road was built in 2004 and last sold on Jun 4, 2017 for $295,000.
How much is this home worth?
The estimated value of the home located at 324 Suggs Road is $0.
What are some comparable homes to 324 Suggs Road?
There are currently no comparable homes to 324 Suggs Road.
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