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Destin 32541 Kelly Homes
401 Main Street
$320,000
● House - Off Market

401 Main Street

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,620 Ft²
$345,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

SELLER OFFERING $11K ROOF CREDIT AT CLOSING!  NO HOA! Oversized Corner Lot!  The perfect starter or investment home ready for your finishing touches in the heart of Destin.  This charming 3 bed/2 bath all-brick single level home features a large eat-in-kitchen overlooking the spacious back yard, with custom tall kitchen maple cabinetry, stainless steel appliances, granite countertops, and two living areas, one with an open wood-burning fireplace, plus a den space that is perfect for relaxing.  No popcorn ceilings and crown molding details. Two full bathrooms, one with tiled bath and shower, and master bath with shower.  Plenty of room for a pool or space to park a boat/rv.  Less than one mile walk to Destin Elementary.  *Buyer to verify all info/dimensions.
Unit Size
1,620 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$213
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #930339)

Price History

Date / Event Date Event Price
Nov 9, 2023 Sold
Premium
Sold
Aug 19, 2023 Listed by The Hutchison Group Inc $345,000
Listed by The Hutchison Group Inc
Apr 15, 2019 Sold
Premium
Sold
Mar 10, 2019 No longer available -
No longer available
Jan 21, 2019 Listed by The Hutchison Group Inc $285,000
Listed by The Hutchison Group Inc
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 58
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,064
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,058
  • Gross Building Area: 2,058
  • Building Area: 1,620
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,620
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KELLY HOMES S/D
  • Land Acres: 0000000254
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: KELLY HOMES S/D LOT 1 & S30 FT OF LOT 2 BLK I

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023307

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-1350-000I-0010
  • Block: I
  • Lot: 1,2
  • Municipality: DESTIN
  • Latitude: 30.3998
  • Longitude: -86.4841

    Address

  • Full Address: 401 Main St
  • Address - House Number: 401
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: FL
  • City Name: Destin
  • Carrier Code: C010
  • 4-Digit Zip Code: 1918
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,721
  • Tax Year: 2023
  • Tax Amount: $331,840
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1957
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 433,709
  • High Value: 518,588
  • Low Value: 348,830

    Market Valuation

  • Market Total Value: $298,519
  • Market Land Value: $107,748
  • Market Improvement Value: $190,771

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $298,519
  • Assessed Land Value: $107,748
  • Assessed Improvements Value: $190,771

    Sales

  • Current Sale Contract Date: Nov 08, 2023
  • Current Sale Recording Date: Nov 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3656812
  • Previous Sale Recording Date: Apr 15, 2019
  • Previous Sale Contract Date: Apr 05, 2019
  • Previous Sale Amount: $283,000
  • 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 Kelly Homes

Stats & Trends

Median Asking:

$502,500

Sale Price/ft²

$300

Below Asking

0.05%

Average Days on Market

122

Average Home Size

1699 ft²

Average Home Age

53 years

Currently For Sale

2 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: Adam R Guidry, The Hutchison Group Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 930339
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 401 Main Street built and last sold?
The property at 401 Main Street was built in 1974 and last sold on Nov 8, 2023 for $320,000.
How much is this home worth?
The estimated value of the home located at 401 Main Street is $0.
What are some comparable homes to 401 Main Street?
There are currently no comparable homes to 401 Main Street.
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