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Fort Walton Beach 32548 Ferry Park
374 Gardner Drive
$244,900
● House - Off Market

374 Gardner Drive

Fort Walton Beach, FL 32548
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,920 Ft²
$594,496
RealtyHop Estimate
128.65%
Since Mar 1, 2012
National-US
Primary Model

About This Property

LOCATED ON CANAL WITH BOAT SLIP. SPACIOUS HOME IN ESTABLISHED NEIGHBORHOOD. MASTER BEDROOM WITH BONUS ROOM OFF IT THAT COULD BE A 4TH BEDROOM, OFFICE OR SITTING ROOM. ROOF REPLACED IN 2010 AND ONE OF THE HVAC UNITS WAS REPLACED IN JUNE 2011-HOUSE HAS 2 HVAC UNITS. NICE FAMILY ROOM WITH LARGE PICTURE WINDOWS TO TAKE ADVANTAGE OF THE WATERFRONT VIEW. PROPERTY TO SELL AS-IS, BUT IS IN GOOD CONDITION FOR ITS AGE. MOST OF THE WINDOW HAVE BEEN REPLACED WITH DOUBLE PANE WINDOWS(ONLY ONE THAT HAVE NOT ARE THE PICTURE WINDOWS). SIDE DOUBLE GATE TO GET YOUR WATER TOYS TO THE WATER-GREAT LOT FOR JET SKIES. EASY TO SHOW. LOT IS APPROX. .50 ACRES.
Unit Size
1,920 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$135
Property Type
House
Property Taxes
-
HOA Dues
$100
Year Built
1960

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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 #567847)

Price History

Date / Event Date Event Price
Feb 21, 2012 Sold
Premium
Sold
Nov 19, 2011 Listed by Coastal Realty Services $260,000
Listed by Coastal Realty Services

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 406
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,843
  • Lot Size Frontage Feet: 1,170
  • Total Building Area: 2,467
  • Gross Building Area: 2,467
  • Building Area: 1,920
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,920
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REVISED ELLIOTTS PT 9TH ADD
  • Land Acres: 0000000501
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: REVISED ELLIOTTS PT 9TH ADD LOT 38 BLK 12 & PORTION OF BLK X AS OR

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 022400

Geography

  • Assessors Map Reference: 45
  • Parcel: 18-2S-23-080K-0012-0380
  • Block: 12,X
  • Lot: 38
  • Meridian: SEC 18 TWN 02S RNG 23W
  • Municipality: FORT WALTON BEACH
  • Latitude: 30.4175
  • Longitude: -86.5914

    Address

  • Full Address: 374 Gardner Dr Ne
  • Address - House Number: 374
  • Street Segment Direction: NE
  • Address - Street Name: Gardner
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fort Walton Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 5143
  • Zip Code: 32548

Valuation

    Tax

  • Total Area: 2,203
  • Tax Year: 2023
  • Tax Amount: $274,783
  • Tax Rate Code Area: 004

    Appraisal Valuation

  • Standard Deviation: 0.1701
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 603,216
  • High Value: 705,828
  • Low Value: 500,603

    Market Valuation

  • Market Total Value: $496,014
  • Market Land Value: $340,111
  • Market Improvement Value: $155,903

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $237,259

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 15, 2012
  • Current Sale Recording Date: Feb 21, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2758301
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 Ferry Park

Stats & Trends

Median Asking:

$417,000

Sale Price/ft²

$231

Below Asking

0.02%

Average Days on Market

65

Average Home Size

2266 ft²

Average Home Age

54.6 years

Currently For Sale

9 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: Kevin L Krueger, Coastal Realty Services
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 567847
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 374 Gardner Drive built and last sold?
The property at 374 Gardner Drive was built in 1960 and last sold on Feb 15, 2012 for $244,900.
How much is this home worth?
The estimated value of the home located at 374 Gardner Drive is $0.
What are some comparable homes to 374 Gardner Drive?
There are currently no comparable homes to 374 Gardner Drive.
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