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Destin 32541 Pine Ridge Trace
4 Pine Ridge Trace
$225,000
● House - Off Market

4 Pine Ridge Trace

Destin, FL 32541
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
$1,447
Est. Monthly
6.12%
Cap Rate

About This Property

Move-in ready 2 Bedroom, 1.5 Bath townhome, *NO HOA, METAL ROOF(2021)* that is centrally located in the heart of Destin with easy access to schools, medical facilities, shopping, grocery centers, restaurants, entertainment venues, beach access points, Destin Harbor area, and Main Street waterfront community park is just around the corner.  For those seeking a full-time residence or rental investment, the open concept floor plan is a spacious 1174 sq. feet.  The living, dining, kitchen, laundry and ½ bath are located downstairs. The 2 generous sized bedrooms are located upstairs and share a full bath. The downstairs has tile flooring while the 2 bedrooms are carpeted.  Sliding glass doors open to a deck and fenced in back yard that is great for entertaining.  Call today to see this unit!
Unit Size
-
Days on Market
149 days
Land Size
0.05 acres
Price per sqft
-
Property Type
House
Property Taxes
$174
HOA Dues
-
Year Built
1984

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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: 9 months ago (ECAR #938548)

Price History

Date / Event Date Event Price
May 15, 2024 Sold
Premium
Sold
Dec 18, 2023 Listed by EXP Realty LLC $259,000
Listed by EXP Realty LLC
Aug 19, 2011 Sold
Premium
Sold
Aug 10, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 35
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,199
  • Total Building Area: 1,342
  • Gross Building Area: 1,342
  • Building Area: 1,174
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,174
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE RIDGE TRACE
  • Land Acres: 0000000051
  • Standard Land Use Code: 1001
  • County Land Use Code: 000109
  • State Land Use Code: 01
  • Legal Description 1: PINE RIDGE TRACE UNIT 4

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023305

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-2077-0000-0040
  • Lot: 4
  • Municipality: DESTIN
  • Latitude: 30.4062
  • Longitude: -86.4817

    Address

  • Full Address: 4 Pine Ridge Trce
  • Address - House Number: 4
  • Address - Street Name: Pine Ridge
  • Address - Suffix Type: Trce
  • State: FL
  • City Name: Destin
  • Carrier Code: C008
  • 4-Digit Zip Code: 2024
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,190
  • Tax Year: 2023
  • Tax Amount: $209,119
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.0803
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 252,738
  • High Value: 273,058
  • Low Value: 232,419

    Market Valuation

  • Market Total Value: $207,346
  • Market Land Value: $70,000
  • Market Improvement Value: $137,346

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $207,346
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $137,346

    Sales

  • Current Sale Contract Date: Aug 16, 2011
  • Current Sale Recording Date: Aug 19, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2724007
  • Previous Sale Recording Date: Aug 10, 2005
  • Previous Sale Contract Date: Aug 03, 2005
  • Previous Sale Amount: $235,000
  • 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 Pine Ridge Trace

Stats & Trends

Median Asking:

$230,000

Sale Price/ft²

$182

Above Asking

0.00%

Average Days on Market

17

Average Home Size

1106 ft²

Average Home Age

42 years

Currently For Sale

1 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

Rentals Near You

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ECAR

Listed by: Glenda K Janczewski, EXP Realty LLC
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 938548
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 4 Pine Ridge Trace built and last sold?
The property at 4 Pine Ridge Trace was built in 1984 and last sold on Aug 16, 2011 for $60,000.
How much is this home worth?
The estimated value of the home located at 4 Pine Ridge Trace is $0.
What are some comparable homes to 4 Pine Ridge Trace?
There are currently no comparable homes to 4 Pine Ridge Trace.
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