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Destin 32541 Destin Pointe
3608 Melrose Ave
$425,000
● House - Off Market

3608 Melrose Ave

Destin, FL 32541
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,000 Ft²
$879,411
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model

About This Property

DeJaVu is Lowest priced Beach Cottage in gated Destin Pointe. This awesome one owner 2 bedroom 2 bath raised cottage has views of Lake Caroline in Destin Pointe. DeJaVu is situated on one of the larger lots in Destin Pointe giving the new owner the opportunity to put a wonderful pool in the back courtyard.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$500
Property Type
House
Property Taxes
-
HOA Dues
$1,000
Year Built
1999

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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 #733724)

Price History

Date / Event Date Event Price
Feb 29, 2016 Sold
Premium
Sold
Jul 9, 2015 Listed by Century 21 AllPoints Realty $499,900
Listed by Century 21 AllPoints Realty

Property Highlights

Air Conditioning
With View
Garage

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,000
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,194
  • Total Building Area: 2,730
  • Gross Building Area: 2,730
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DESTIN POINT
  • Land Acres: 0000000142
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: DESTIN POINTE LOT 42

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023303

Geography

  • Assessors Map Reference: 18
  • Parcel: 00-2S-24-0110-0000-0420
  • Lot: 42
  • Municipality: DESTIN
  • Latitude: 30.3853
  • Longitude: -86.5017

    Address

  • Full Address: 3608 Melrose Ave
  • Address - House Number: 3608
  • Address - Street Name: Melrose
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Destin
  • Carrier Code: C004
  • 4-Digit Zip Code: 5025
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,689
  • Tax Year: 2023
  • Tax Amount: $772,735
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1677
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 866,759
  • High Value: 1,012,130
  • Low Value: 721,388

    Market Valuation

  • Market Total Value: $765,464
  • Market Land Value: $381,972
  • Market Improvement Value: $383,492

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $765,464
  • Assessed Land Value: $381,972
  • Assessed Improvements Value: $383,492
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 Destin Pointe

Stats & Trends

Median Asking:

$1,275,000

Sale Price/ft²

$613

Below Asking

0.03%

Average Days on Market

99

Average Home Size

1567 ft²

Average Home Age

32.5 years

Currently For Sale

4 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: Jerry P Sullivan, Century 21 AllPoints Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 733724
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 3608 Melrose Avenue built and last sold?
The property at 3608 Melrose Avenue was built in 1999 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3608 Melrose Avenue is $508,429.
What are some comparable homes to 3608 Melrose Avenue?
There are currently no comparable homes to 3608 Melrose Avenue.
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