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Putnam 32177
407 Newcastle ROAD
$406,000
● House - Off Market

407 Newcastle ROAD

PALATKA, FL 32177
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,007 Ft²
$403,013
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Noble Crossings is AVAILABLE TODAY!   This beautiful 2000+ sq.ft home sits on a one acre lot in a gated community and the quality of construction will impress you. All the drippings of a custom home at a tremendous value.   This home also features; side load double garage, metal roof, recessed lighting, oversized covered front porch, Island with pendant lighting, gorgeous quartz countertops with river patterns, subway tile backsplash, soft close solid cabinetry, stainless appliances, master bedroom has trey ceilings and barn door to bath, masterbath has walk in shower with floor to ceiling tile and soaking tub, his & her sinks, vanities & linen closets. An amazing lanai with 2 wood fans with space to create an outdoor sanctuary. The 4th bedroom is ideal for an office.
Unit Size
2,007 Ft²
Days on Market
35 days
Land Size
1.00 acres
Price per sqft
$199
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

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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 (Stellar MLS #FC275768)

Price History

Date / Event Date Event Price
May 9, 2022 Sold
Premium
Sold
Apr 1, 2022 Listed by REALTY EXCHANGE, LLC $399,900
Listed by REALTY EXCHANGE, LLC
Aug 16, 2021 Sold
Premium
Sold
May 8, 2021 Listed by REALTY EXCHANGE, LLC $335,000
Listed by REALTY EXCHANGE, LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,996
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NOBLES CROSSING
  • Land Acres: 0000001010
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 00
  • Legal Description 1: NOBLES CROSSING MB6 P104 LOT 11(SUBJECT TO CONSERVATION AREA PARCEL 5)

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950500

Geography

  • Account Number: 98457
  • Parcel: 17-10-26-6340-0000-0110
  • Lot: 11
  • Meridian: SEC 17 TWN 10S RNG 26E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.6196
  • Longitude: -81.7226

    Address

  • Full Address: 407 Newcastle Rd
  • Address - House Number: 407
  • Address - Street Name: Newcastle
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Palatka
  • Carrier Code: R004
  • 4-Digit Zip Code: 0008
  • Zip Code: 32177

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $576,731
  • Tax Rate Code Area: 000

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 415,091
  • High Value: 607,472
  • Low Value: 222,709

    Market Valuation

  • Market Total Value: $427,610
  • Market Land Value: $21,680
  • Market Improvement Value: $405,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $377,550

    Sales

  • Current Sale Contract Date: May 04, 2022
  • Current Sale Recording Date: May 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 11723
  • Previous Sale Recording Date: Aug 16, 2021
  • Previous Sale Contract Date: Aug 13, 2021
  • Previous Sale Amount: $335,000
  • 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 Putnam

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$190

Below Asking

0.04%

Average Days on Market

97

Average Home Size

1765 ft²

Average Home Age

45.5 years

Currently For Sale

295 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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STELLAR

Listed by: DAVID P. PETKOVSEK
REALTY EXCHANGE, LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# FC275768
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. 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 407 Newcastle Road built and last sold?
The property at 407 Newcastle Road was built in and last sold on May 4, 2022 for $406,000.
How much is this home worth?
The estimated value of the home located at 407 Newcastle Road is $399,928.
What are some comparable homes to 407 Newcastle Road?
There are currently no comparable homes to 407 Newcastle Road.
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