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East Lake 34685
3567 Fairway Forest DRIVE
$495,000
● House - Off Market

3567 Fairway Forest DRIVE

PALM HARBOR, FL 34685
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,599 Ft²
$2,827
Est. Monthly
$17
HOA / Fees
5.95%
Cap Rate

About This Property

Open front door into open, bright living room/dining area. From there  walk out to paved lanai with view of Lansbrook Golf Club. Split bedrooms, family room with wood burning fireplace, newer windows/sliding doors.  Roof replaced in 2020 with upgraded shingles ($11,520). Stunning kitchen with high end Cambria Quartz countertops, pantry. Inside laundry. Seller left no detail undone.  This shows like a model home.  Wont last long.
Unit Size
1,599 Ft²
Days on Market
50 days
Land Size
0.20 acres
Price per sqft
$319
Property Type
House
Property Taxes
$305
HOA Dues
$17
Year Built
1980

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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 #U8222539)

Price History

Date / Event Date Event Price
Jan 23, 2024 Sold
Premium
Sold
Dec 6, 2023 In contract -
In contract
Nov 30, 2023 Listed by FLORIDA LUXURY REALTY INC $510,000
Listed by FLORIDA LUXURY REALTY INC
Oct 11, 2017 Sold
Premium
Sold
Sep 25, 2014 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 2
  • Interior Walls Type: 16
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0
  • Location Influence Type: 101

    Dimensions

  • Lot Size Square Feet: 8,703
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,357
  • Gross Building Area: 2,357
  • Building Area: 1,599
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,599
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRWAY FOREST
  • Land Acres: 0000000200
  • Standard Land Use Code: 1001
  • County Land Use Code: 0110
  • State Land Use Code: 001
  • Legal Description 1: FAIRWAY FOREST LOT 34

Neighborhood

  • School District Name: Pinellas County School District
  • School Tax School District: 0011, L118
  • Census Tract: 027329

Zoning

  • Zoning: RPD5

Geography

  • Assessors Map Reference: 28A
  • Account Number: R289863
  • District: ETF
  • Subdivision Tract Number: 27369
  • Parcel: 27-27-16-27369-000-0340
  • Lot: 34
  • Meridian: SEC 27 TWN 27S RNG 16E
  • Municipality: EAST LAKE FIRE
  • Latitude: 28.1068
  • Longitude: -82.6972

    Address

  • Full Address: 3567 Fairway Forest Dr
  • Address - House Number: 3567
  • Address - Street Name: Fairway Forest
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Palm Harbor
  • Carrier Code: R003
  • 4-Digit Zip Code: 1003
  • Zip Code: 34685

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $366,319
  • Tax Rate Code Area: ETF

    Appraisal Valuation

  • Standard Deviation: 0.0865
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 93
  • Final Value: 504,450
  • High Value: 548,117
  • Low Value: 460,783

    Market Valuation

  • Market Total Value: $317,852
  • Market Land Value: $157,006
  • Market Improvement Value: $160,846

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $235,890

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 19, 2024
  • Current Sale Recording Date: Jan 23, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16902
  • Previous Sale Recording Date: Oct 11, 2017
  • Previous Sale Contract Date: Sep 28, 2017
  • Previous Sale Amount: $257,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 East Lake

Stats & Trends

Median Asking:

$499,650

Sale Price/ft²

$251

Below Asking

0.03%

Average Days on Market

70

Average Home Size

1999 ft²

Average Home Age

37.7 years

Currently For Sale

202 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 1151 Pine Ridge Circle W, TARPON SPRINGS, FL, 34688

$2,995 /mo

  • 2 Beds
  • 2 Baths
  • 1,085 ft²
1151 Pine Ridge Circle W #F1, TARPON SPRINGS, FL, 34688 Listing by Matthew Moskalczyk

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Peggy Page
FLORIDA LUXURY REALTY INC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# U8222539
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 3567 Fairway Forest Drive built and last sold?
The property at 3567 Fairway Forest Drive was built in 1980 and last sold on Jan 19, 2024 for $495,000.
How much is this home worth?
The estimated value of the home located at 3567 Fairway Forest Drive is $0.
What are some comparable homes to 3567 Fairway Forest Drive?
There are currently no comparable homes to 3567 Fairway Forest Drive.
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