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Flagler Beach 32136
340 Palm DRIVE
$343,000
● House - Off Market

340 Palm DRIVE

FLAGLER BEACH, FL 32136
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,305 Ft²
$349,705
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Must see Mid-Century marvel in a safe and great location. Nestled underneath the Flagler Beach Bridge amongst the Oak trees across the street from the Intracoastal. 2BD/2BA with updated kitchen and bathrooms. Easy access to Flagler Beach shopping, schools, and restaurants. Washer/dryer and other appliances included. Newly painted and new flooring - 6/2023.  New roof 7/2016.
Unit Size
1,305 Ft²
Days on Market
87 days
Land Size
0.25 acres
Price per sqft
$270
Property Type
House
Property Taxes
$245
HOA Dues
-
Year Built
1979

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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: 3 years ago (Stellar MLS #FC292419)

Price History

Date / Event Date Event Price
Sep 15, 2023 Sold
Premium
Sold
Aug 21, 2023 In contract -
In contract
Jun 16, 2023 Listed by TAVOLACCI REALTY, INC. $351,900
Listed by TAVOLACCI REALTY, INC.
Nov 14, 2022 No longer available -
No longer available
Nov 12, 2022 Relisted $228,000
Relisted
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 8
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,799
  • Total Building Area: 2,225
  • Gross Building Area: 2,225
  • Building Area: 1,305
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,305
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PALM HARBOR SUBD
  • Land Acres: 0000000248
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: PALM HARBOR SUBD BLOCK 4 LOT 15 OR BOOK 105 PAGE 569 OR 1255 PG 868-KLOS TRUST OR 2083/1879-ERR OR 2083/1879 OR 2083/1881 OR 2119/1151-DC OR 2119/1152-DC OR 2324/285- OR 2345/1109 OR 2384/1928

Neighborhood

  • School District Name: Flagler County School District
  • Census Tract: 060304

Geography

  • Parcel: 12-12-31-4950-00040-0150
  • Block: 4
  • Lot: 15
  • Meridian: SEC 12 TWN 12S RNG 31E
  • Municipality: FLAGLER BEACH AREA
  • Latitude: 29.4748
  • Longitude: -81.1371

    Address

  • Full Address: 340 Palm Dr
  • Address - House Number: 340
  • Address - Street Name: Palm
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Flagler Beach
  • Carrier Code: H003
  • 4-Digit Zip Code: 3409
  • Zip Code: 32136

Valuation

    Tax

  • Total Area: 2,225
  • Tax Year: 2022
  • Tax Amount: $294,239
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: 021

    Appraisal Valuation

  • Standard Deviation: 0.0848
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 93
  • Final Value: 344,998
  • High Value: 374,274
  • Low Value: 315,722

    Market Valuation

  • Market Total Value: $288,748
  • Market Land Value: $82,500
  • Market Improvement Value: $206,248

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $191,110

    Sales

  • Current Sale Contract Date: Sep 11, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 40688
  • Previous Sale Recording Date: Sep 19, 2019
  • Previous Sale Contract Date: Sep 16, 2019
  • Previous Sale Amount: $228,000
  • 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 Flagler Beach

Stats & Trends

Median Asking:

$499,000

Sale Price/ft²

$335

Below Asking

0.03%

Average Days on Market

72

Average Home Size

1944 ft²

Average Home Age

34.1 years

Currently For Sale

125 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

Unit for rent at 300 S Central Avenue, FLAGLER BEACH, FL, 32136

$1,800 /mo

  • 2 Beds
  • 1 Bath
  • 800 ft²
300 S Central Avenue #203, FLAGLER BEACH, FL, 32136 Listing by Angela Wingo Jones
Unit for rent at 1908 S Ocean Shore Boulevard, FLAGLER BEACH, FL, 32136

$1,800 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
1908 S Ocean Shore Boulevard #B, FLAGLER BEACH, FL, 32136 Listing by Carla Christy

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: JOSEPH TAVOLACCI, JR.
TAVOLACCI REALTY, INC.
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# FC292419
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 340 Palm Drive built and last sold?
The property at 340 Palm Drive was built in 1979 and last sold on Sep 11, 2023 for $343,000.
How much is this home worth?
The estimated value of the home located at 340 Palm Drive is $360,025.
What are some comparable homes to 340 Palm Drive?
There are currently no comparable homes to 340 Palm Drive.
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