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Walton 32439
405 Phillips Drive
$400,000
● House - Off Market

405 Phillips Drive

Freeport, FL 32439
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,448 Ft²
$2,041
Est. Monthly
5.77%
Cap Rate

About This Property

$5k toward Buyer for closing costs, rate buy down or prepaids. COUNTRY living with easy access to Black Creek & 30a Beaches! Lush 1.05 acre, spacious 3B/2Ba/2car garage. Recent upgrades: Samsung refrigerator, stove, dishwasher and microwave 2020. Quartz countertops, kitchen sink, 2023; Wood burning fireplace, New walk-in shower in master bath; New LVP Floors, 2023; HVAC 2015; Metal Roof 2016 and Allergan Air Purifying system, 2021 Full irrigation. Large fenced in backyard, property continues past tree line with so much space. Concrete and brick pavers front driveway. Fresh painted exterior.
Unit Size
1,448 Ft²
Days on Market
-
Land Size
1.05 acres
Price per sqft
$276
Property Type
House
Property Taxes
$77
HOA Dues
-
Year Built
2001

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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 #959594)

Price History

Date / Event Date Event Price
Jan 15, 2025 Sold
Premium
Sold
Nov 29, 2024 In contract -
In contract
Sep 21, 2024 Listed by EXP Realty LLC $400,000
Listed by EXP Realty LLC
Jul 2, 2020 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 70
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,738
  • Total Building Area: 2,338
  • Gross Building Area: 2,338
  • Building Area: 1,938
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,938
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE LANDINGS
  • Land Acres: 0000001050
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LONG DESC OR 604-267 BEING LOT 1 BLK C THE LANDINGS UNREC S/D OR 1374-296 & ALSO LONG DESC IN OR 1469-317 & 1476-159 KNOWN AS LOT 2 BLK C THE LANDINGS UNRECD S/D OR 221-57 OR 3148-4208

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950501

Geography

  • Assessors Map Reference: S1-29-18
  • Parcel: 29-1S-18-14010-00C-0010
  • Block: C
  • Lot: 1
  • Meridian: SEC 29 TWN 01S RNG 018
  • Municipality: COUNTY
  • Latitude: 30.4587
  • Longitude: -86.07

    Address

  • Full Address: 405 Phillips Dr
  • Address - House Number: 405
  • Address - Street Name: Phillips
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Freeport
  • Carrier Code: R004
  • 4-Digit Zip Code: 6160
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 1,724
  • Tax Year: 2022
  • Tax Amount: $98,140
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.0888
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 92
  • Final Value: 414,939
  • High Value: 451,786
  • Low Value: 378,092

    Market Valuation

  • Market Total Value: $171,378
  • Market Land Value: $38,602
  • Market Improvement Value: $132,776

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $134,532

    Sales

  • Current Sale Contract Date: Jul 01, 2020
  • Current Sale Recording Date: Jul 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20200023283
  • Previous Sale Recording Date: Jun 28, 2017
  • Previous Sale Contract Date: Jun 21, 2017
  • 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 Walton

Stats & Trends

Median Asking:

$725,000

Sale Price/ft²

$425

Below Asking

0.02%

Average Days on Market

98

Average Home Size

2271 ft²

Average Home Age

17.6 years

Currently For Sale

2316 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: Jacquelyn S Wilbanks, EXP Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 959594
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 405 Phillips Drive built and last sold?
The property at 405 Phillips Drive was built in 2001 and last sold on Jul 1, 2020 for $150,000.
How much is this home worth?
The estimated value of the home located at 405 Phillips Drive is $415,354.
What are some comparable homes to 405 Phillips Drive?
There are currently no comparable homes to 405 Phillips Drive.
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