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Destin 32541 Kell-Aire Gardens
407 CEDAR Street
$240,000
● House - Off Market

407 CEDAR Street

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,307 Ft²
$499,024
RealtyHop Estimate
84.82%
Since Mar 1, 2015
National-US
Primary Model

About This Property

Beautiful custom-built brick home by David Meyer located in the heart of Destin. This move in ready home has new paint in the kitchen, dining room and main living room and guest bathroom. The large 80 X 120 lot has a fenced in backyard with a tranquil gunite pool built by Cox Pools. The home has a 2nd 360SF family room, which could function as very large office or impressive game room. The large master opens up to the pool area thru a sliding glass door. Other features include formal dining room, breakfast nook, fireplace & tiled floors. This spacious 3 bedroom, 2 bath home is centrally located in the wonderful Kell-aire neighborhood of Destin close to schools, churches, shopping and boating. Home to be sold as is with right to inspect Buyer to verify all information deemed importan
Unit Size
2,307 Ft²
Days on Market
-
Land Size
-
Price per sqft
$117
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1982

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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 #710134)

Price History

Date / Event Date Event Price
Feb 13, 2015 Sold
Premium
Sold
Jul 17, 2014 Listed by RE/MAX Coastal Properties $270,000
Listed by RE/MAX Coastal Properties
Mar 4, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 580
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,199
  • Lot Size Frontage Feet: 850
  • Total Building Area: 2,426
  • Gross Building Area: 2,426
  • Building Area: 1,749
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,749
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AIRE GARDENS
  • Land Acres: 0000000234
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: KELL-AIRE GARDENS LOT 4 BLK F

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-3090-000F-0040
  • Block: F
  • Lot: 4
  • Municipality: DESTIN
  • Latitude: 30.4008
  • Longitude: -86.4819

    Address

  • Full Address: 407 Cedar St
  • Address - House Number: 407
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: FL
  • City Name: Destin
  • Carrier Code: C010
  • 4-Digit Zip Code: 2622
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,097
  • Tax Year: 2023
  • Tax Amount: $193,214
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1954
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 532,691
  • High Value: 636,826
  • Low Value: 428,556

    Market Valuation

  • Market Total Value: $397,176
  • Market Land Value: $117,943
  • Market Improvement Value: $279,233

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,275

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 12, 2015
  • Current Sale Recording Date: Feb 13, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2978469
  • Previous Sale Recording Date: Mar 04, 2005
  • Previous Sale Contract Date: Mar 02, 2005
  • Previous Sale Amount: $350,000
  • 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 Kell-Aire Gardens

Stats & Trends

Median Asking:

$449,500

Sale Price/ft²

$280

Above Asking

0.00%

Average Days on Market

106

Average Home Size

1684 ft²

Average Home Age

38 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

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ECAR

Listed by: Karen K Martineau, RE/MAX Coastal Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 710134
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 407 Cedar Street built and last sold?
The property at 407 Cedar Street was built in 1982 and last sold on Feb 12, 2015 for $240,000.
How much is this home worth?
The estimated value of the home located at 407 Cedar Street is $294,945.
What are some comparable homes to 407 Cedar Street?
There are currently no comparable homes to 407 Cedar Street.
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