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Jacksonville 32220 Otis
35 VELVET Drive
$300,000
● House - Off Market

35 VELVET Drive

Jacksonville, FL 32220
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,608 Ft²
$1,768
Est. Monthly
6.22%
Cap Rate

About This Property

Don't miss this completely updated gem on Jacksonville's Westside. Tucked away on a quiet, street with no HOA, this 4-bedroom, 2 bath property was totally remodeled (down to the studs!) less than two years ago. This home offers everything you could want: open concept, split floor plan, fresh interior paint, vinyl plank floors, beautiful kitchen with oversized island and solid surface countertops, updated bathrooms and fixtures throughout, a covered rear patio, and a private, fully fenced backyard! All your long-term maintenance has been addressed, as well! Home received new roof, new HVAC, new tankless water heater, new electric panel, updated plumbing, new well pump, and more! If you want some room to roam, but need to be close to highways, shopping, and schools, look no further! Schedule a showing today!
Unit Size
1,608 Ft²
Days on Market
112 days
Land Size
0.34 acres
Price per sqft
$192
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1966

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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: 7 months ago (Real MLS #2047721)

Price History

Date / Event Date Event Price
Jan 10, 2025 Sold
Premium
Sold
Dec 2, 2024 In contract -
In contract
Nov 17, 2024 Price Decreased $309,000
↓ $6K (1.9%)
Price Decreased
Sep 15, 2024 Listed by ERA ONETEAM REALTY $315,000
Listed by ERA ONETEAM REALTY
Mar 13, 2023 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,990
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 1,632
  • Gross Building Area: 1,632
  • Building Area: 1,608
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,608
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SECTION LAND
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: 24-2S-24E .35 PT W1/2 OF NW1/4 RECD O/R 19766-2163

Neighborhood

  • School District Name: Duval County School District
  • Census Tract: 017300

Zoning

  • Zoning: RR-ACRE

Geography

  • Assessors Map Reference: 4424
  • Parcel: 001843-0000
  • Meridian: SEC 24 TWN 02S RNG 24E
  • Municipality: CITY OF JACKSONVILLE
  • Latitude: 30.3133
  • Longitude: -81.8645

    Address

  • Full Address: 35 Velvet Dr
  • Address - House Number: 35
  • Address - Street Name: Velvet
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Jacksonville
  • Carrier Code: R181
  • 4-Digit Zip Code: 1727
  • Zip Code: 32220

Valuation

    Tax

  • Total Area: 1,589
  • Tax Year: 2022
  • Tax Amount: $223,763
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: GS

    Appraisal Valuation

  • Standard Deviation: 0.2211
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 69
  • Final Value: 240,540
  • High Value: 293,740
  • Low Value: 187,339

    Market Valuation

  • Market Total Value: $118,954
  • Market Land Value: $28,000
  • Market Improvement Value: $90,954

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $118,954
  • Assessed Land Value: $28,000
  • Assessed Improvements Value: $90,954

    Sales

  • Current Sale Contract Date: Mar 03, 2023
  • Current Sale Recording Date: Mar 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 48865
  • Previous Sale Recording Date: Jun 18, 2021
  • Previous Sale Contract Date: Jun 04, 2021
  • Previous Sale Amount: $129,900
  • 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 Southwest Jacksonville

Stats & Trends

Median Asking:

$265,000

Sale Price/ft²

$168

Below Asking

0.03%

Average Days on Market

73

Average Home Size

1703 ft²

Average Home Age

34.5 years

Currently For Sale

789 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 1127 Grand Cypress Court, JACKSONVILLE, FL, 32221

$1,895 /mo

  • 4 Beds
  • 2 Baths
  • 1,515 ft²
1127 Grand Cypress Court, JACKSONVILLE, FL, 32221 Listing by Nora Redding

Rentals Near You

Click here to view more rentals in the neighborhood.
Real MLS

Listed by: HEATHER STOLL, ERA ONETEAM REALTY
Last Updated: 7 months ago
Data Source: Real MLS, MLS# 2047721
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS. 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 35 Velvet Drive built and last sold?
The property at 35 Velvet Drive was built in 1966 and last sold on Mar 3, 2023 for $292,500.
How much is this home worth?
The estimated value of the home located at 35 Velvet Drive is $297,042.
What are some comparable homes to 35 Velvet Drive?
There are currently no comparable homes to 35 Velvet Drive.
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