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Freeport 32439
41 Echo Cove
$729,500
● House - Off Market

41 Echo Cove

Freeport, FL 32439
bedrooms
4 Beds
bathrooms
3 Baths
$4,565
Est. Monthly
$540
HOA / Fees
2.31%
Cap Rate

About This Property

Come take a look at this absolutely stunning 4-bedroom, 3-bathroom custom-built home in Hammock Bay! Built in 2016, this home is over 3200 sq. ft. and offers a large screened in porch with an outdoor kitchen. The open and inviting kitchen includes quartz countertops, a Wolf range and oven as well as a wall oven and microwave. This home also includes a convenient tankless water heater with recirculation and a five-ton HVAC system. The sophisticated design of the master suite features abundant space with a sitting area, a sizable bathroom including a tile shower, soaker tub, and a spacious walk-in closet. This lot encompasses two-thirds of an acre allowing for ample room for outdoor activities. Echo Cove is a dead-end, Cul-de-sac street, with two trail heads to Hammock Bay Nature Trails.
Unit Size
-
Days on Market
35 days
Land Size
0.66 acres
Price per sqft
-
Property Type
House
Property Taxes
$298
HOA Dues
$540
Year Built
2016

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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: 13 months ago (ECAR #959880)

Price History

Date / Event Date Event Price
Nov 25, 2024 Sold
Premium
Sold
Sep 26, 2024 Listed by Coldwell Banker Realty $758,900
Listed by Coldwell Banker Realty
Dec 31, 2018 Sold
Premium
Sold
Dec 2, 2018 No longer available -
No longer available
Oct 5, 2015 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • 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: 518
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,917
  • Total Building Area: 3,777
  • Gross Building Area: 3,777
  • Building Area: 3,259
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,259
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HAMMOCK BAY
  • Land Acres: 0000000664
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 14 SOUNDS AT HAMMOCK BAY PB 16-89 OR 2692-718 OR 2986-4011 OR 2991-4107 OR 3093-3569

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950502

Zoning

  • Zoning: HAMBAY

Geography

  • Assessors Map Reference: S1-17-19
  • Parcel: 17-1S-19-23040-000-0140
  • Block: 1
  • Lot: 14
  • Meridian: SEC 17 TWN 01S RNG 019
  • Municipality: COUNTY
  • Latitude: 30.5011
  • Longitude: -86.1551

    Address

  • Full Address: 41 Echo Cv
  • Address - House Number: 41
  • Address - Street Name: Echo
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Freeport
  • Carrier Code: R006
  • 4-Digit Zip Code: 6558
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 3,715
  • Tax Year: 2022
  • Tax Amount: $340,095
  • Tax Rate Code Area: 002

    Appraisal Valuation

  • Standard Deviation: 0.2637
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 763,973
  • High Value: 965,438
  • Low Value: 562,508

    Market Valuation

  • Market Total Value: $502,944
  • Market Land Value: $51,743
  • Market Improvement Value: $451,201

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $293,057

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 28, 2018
  • Current Sale Recording Date: Dec 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20180042892
  • Previous Sale Recording Date: Oct 05, 2015
  • Previous Sale Contract Date: Sep 30, 2015
  • Previous Sale Amount: $60,000
  • 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 Freeport

Stats & Trends

Median Asking:

$399,950

Sale Price/ft²

$198

Below Asking

0.03%

Average Days on Market

102

Average Home Size

2173 ft²

Average Home Age

5 years

Currently For Sale

190 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: Dylan T Hopper, Coldwell Banker Realty
Last Updated: 13 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 959880
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 41 Echo Cove built and last sold?
The property at 41 Echo Cove was built in 2016 and last sold on Dec 28, 2018 for $490,000.
How much is this home worth?
The estimated value of the home located at 41 Echo Cove is $766,489.
What are some comparable homes to 41 Echo Cove?
There are currently no comparable homes to 41 Echo Cove.
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