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Palatka 32177
405 OLIVE
$68,000
● House - Off Market

405 OLIVE

Palatka, FL 32177
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,176 Ft²
$161,460
RealtyHop Estimate
115.28%
Since Jan 1, 2013
National-US
Primary Model

About This Property

Listen to the whisper of the Spanish moss as you sip lemonade on your porch swing in this historic home.  Reid Gardens is located in the north historic district of Palatka a short 4 blocks to the cool summer breezes of the beautiful St Johns River.   This home has been lovingly updated with bamboo floors, period ceiling fans, new bath vanity, and newer kitchen.  Enjoy a cozy fire on cool winter days and cook some fresh caught Bass on your gas range.  This 3 bedroom 1 bath home has a metal roof and is located in an historic neighborhood with beautiful Victorian homes as neighbors.  Fresh lawn and a hammock in the backyard are reminiscent of true "Old Florida" living.  Palatka is a short half hour to St Augustine, convenient to Ocala and Jacksonville.  This jewel box is move in ready!
Unit Size
1,176 Ft²
Days on Market
-
Land Size
-
Price per sqft
$64
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1918

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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 (Real MLS #621468)

Price History

Date / Event Date Event Price
Apr 27, 2016 Sold
Premium
Sold
Nov 6, 2015 Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY $91,500
Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Jun 2, 2015 Sold
Premium
Sold
Nov 1, 2014 Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY $84,500
Listed by BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Dec 14, 2012 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1988
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,227
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,134
  • Gross Building Area: 1,134
  • Building Area: 1,134
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 1,134
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PALATKA
  • Land Acres: 0000000120
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: DICKS MAP OF PALATKA MB2 P46 BLK 21 W1/2 OF E2/3 OF LOT 6

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950800

Geography

  • Account Number: 42586
  • Parcel: 42-10-27-6850-0210-0060
  • Block: 21
  • Lot: 6
  • Meridian: SEC 42 TWN 10S RNG 27E
  • Municipality: PALATKA CITY - NORTH HIST DIST
  • Latitude: 29.6507
  • Longitude: -81.6317

    Address

  • Full Address: 405 Olive St
  • Address - House Number: 405
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: FL
  • City Name: Palatka
  • Carrier Code: C002
  • 4-Digit Zip Code: 3542
  • Zip Code: 32177

Valuation

    Tax

  • Total Area: 1,241
  • Tax Year: 2023
  • Tax Amount: $112,209
  • Tax Rate Code Area: 018

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 92,856
  • High Value: 135,891
  • Low Value: 49,820

    Market Valuation

  • Market Total Value: $118,740
  • Market Land Value: $13,500
  • Market Improvement Value: $105,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,540

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 15, 2016
  • Current Sale Recording Date: Apr 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201654007209
  • Previous Sale Recording Date: Jun 02, 2015
  • Previous Sale Contract Date: May 29, 2015
  • Previous Sale Amount: $77,000
  • 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 Palatka

Stats & Trends

Median Asking:

$231,500

Sale Price/ft²

$163

Below Asking

0.04%

Average Days on Market

98

Average Home Size

1578 ft²

Average Home Age

63.9 years

Currently For Sale

55 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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Real MLS

Listed by: TOM STEWART, BERKSHIRE HATHAWAY HOMESERVICES FLORIDA NETWORK REALTY
Last Updated: 3 years ago
Data Source: Real MLS, MLS# 621468
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS. 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 405 Olive Street built and last sold?
The property at 405 Olive Street was built in 1918 and last sold on Apr 15, 2016 for $82,000.
How much is this home worth?
The estimated value of the home located at 405 Olive Street is $0.
What are some comparable homes to 405 Olive Street?
There are currently no comparable homes to 405 Olive Street.
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