For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Putnam 32177
408 MILLICAN Road
$295,000
● Land - Off Market

408 MILLICAN Road

Palatka, FL 32177
bedrooms
Studio
bathrooms
0 Bath
$349,843
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

126.10 acre agricultural/recreational parcel known as Millican Farm. Property is accessed by easement from east side of Millican Rd. Open semi-improved pasture, hardwood areas and some areas of pines located approx 2 miles south of Palemetto Bluff Rd east of the community of Bostwick. Property consists of 4 different parcels in Tax Roll. Majority is Zone X and area following Mason Branch Creek is in Zone A. Best use is timber, cattle grazing, hunting, etc. Possible use of site is land mitigation for wetlands. Three ponds on site. Beautiful farm land with 5 minute drive to Palatka,Fl. Property conveyed AS IS. Trailer and outbuildings have no value. Well water and power available, but septic is non functioning.
Unit Size
-
Days on Market
-
Land Size
126.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 (Real MLS #1096160)

Price History

Date / Event Date Event Price
Jun 30, 2021 Sold
Premium
Sold
Feb 21, 2021 Listed by FIRST COAST SOTHEBYS INTERNATIONAL REALTY $299,000
Listed by FIRST COAST SOTHEBYS INTERNATIONAL REALTY
Jan 12, 2012 Sold
Premium
Sold

Property Highlights

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: 1,190,495
  • 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: C
  • Subdivision: BRIDGEPORT FARMS
  • Land Acres: 0000027330
  • Standard Land Use Code: 0010
  • County Land Use Code: 09900
  • State Land Use Code: 63
  • Legal Description 1: E1/2 OF E1/2 NW1/4 OF NE1/4 & W1/2 OF NE1/4 OF NE1/4 (SUBJECT TO ESMT OR1080 P699)

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950100

Geography

  • Account Number: 73394
  • Parcel: 04-09-27-0000-0010-0010
  • Meridian: SEC 04 TWN 09S RNG 27E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.7512
  • Longitude: -81.5989

    Address

  • Full Address: 408 Millican Rd
  • Address - House Number: 408
  • Address - Street Name: Millican
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Palatka
  • Carrier Code: R006
  • 4-Digit Zip Code: 8143
  • Zip Code: 32177

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $257,946
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 000

    Market Valuation

  • Market Total Value: $218,640
  • Market Land Value: $218,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $218,640
  • Assessed Land Value: $218,640

    Sales

  • Current Sale Contract Date: Jun 21, 2021
  • Current Sale Recording Date: Jun 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202154014579
  • Previous Sale Recording Date: Jan 12, 2012
  • Previous Sale Contract Date: Jan 04, 2012
  • Previous Sale Amount: $152,500
  • Previous Sale Document Type: 68
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:

$279,950

Sale Price/ft²

$188

Below Asking

0.03%

Average Days on Market

75

Average Home Size

1774 ft²

Average Home Age

45.4 years

Currently For Sale

411 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

Unit for rent at 134 Bowfin Drive, Palatka, FL, 32177

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 2,540 ft²
134 Bowfin Drive, Palatka, FL, 32177 Listing by STEPHANIE HAWKINS HUSKEY

Rentals Near You

Click here to view more rentals in the neighborhood.
Real MLS

Listed by: ANGELA RENN, FIRST COAST SOTHEBYS INTERNATIONAL REALTY
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1096160
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 408 Millican Road built and last sold?
The property at 408 Millican Road was built in and last sold on Jun 21, 2021 for $295,000.
How much is this home worth?
The estimated value of the home located at 408 Millican Road is $301,990.
What are some comparable homes to 408 Millican Road?
There are currently no comparable homes to 408 Millican Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Palatka Homes for Sale
Palatka Houses for Sale
Palatka Townhouses for Sale
Palatka Multifamily for Sale
Palatka Land for Sale
Palatka Commercial for Sale
Palatka Homes with Basements
Palatka Homes with Pools
Nearby Cities
Fleming Island Homes for Sale
World Golf Village Homes for Sale
Fruit Cove Homes for Sale
Lakeside Homes for Sale
Nocatee Homes for Sale
St. Augustine Homes for Sale
Asbury Lake Homes for Sale
Middleburg Homes for Sale
Nearby Property Records
Putnam County, FL Property Records
Clay County, FL Property Records
St. Johns County, FL Property Records
Flagler County, FL Property Records
Bradford County, FL Property Records
Alachua County, FL Property Records
Marion County, FL Property Records
Duval County, FL Property Records
Neighborhoods
Julington Creek Real Estate
Del Rio Real Estate
Lincolnville Real Estate
North Davis Shores Real Estate
South Davis Shores Real Estate
Old City Real Estate
Uptown Real Estate
San Sebastian Real Estate
Nearby Counties
St. Augustine Homes for Sale
Orange Park Homes for Sale
Middleburg-Clay Hill Homes for Sale
Bunnell Homes for Sale
Fruit Cove Homes for Sale
Interlachen-Florahome Homes for Sale
Crescent City Homes for Sale
Keystone Heights Homes for Sale
Top Real Estate Agents
Top Agents in Palatka
Top Agents in St. Augustine
Top Agents in Orange Park
Top Agents in Middleburg-Clay Hill
Top Agents in Bunnell
Top Agents in 32259
Top Agents in 32092
Top Agents in Fruit Cove