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Cleveland 33982
414 Somerset ROAD
$199,000
● House - Off Market

414 Somerset ROAD

PUNTA GORDA, FL 33950
bedrooms
3 Beds
bathrooms
1 Bath
square feet
924 Ft²
$1,130
Est. Monthly
13.38%
Cap Rate

About This Property

Welcome to this delightful property located in the desirable area of Punta Gorda, FL. This lovely home boasts 3 spacious bedrooms and 1 bathroom, providing ample space for comfortable living. With a newer roof (2021) and septic system(2019), you can enjoy peace of mind knowing that these important features have been recently updated. The property also offers a convenient 1-car garage, perfect for parking and additional storage. Inside, you'll be greeted by the elegance of new laminate flooring, adding a touch of modernity to the space. Don't miss out on the opportunity to call this house your home. Contact us today to schedule a viewing and discover the charm of this Punta Gorda gem.
Unit Size
924 Ft²
Days on Market
43 days
Land Size
0.19 acres
Price per sqft
$215
Property Type
House
Property Taxes
$152
HOA Dues
-
Year Built
1963

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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 #D6133358)

Price History

Date / Event Date Event Price
Dec 28, 2023 Sold
Premium
Sold
Nov 17, 2023 In contract -
In contract
Nov 14, 2023 Listed by PARADISE EXCLUSIVE INC $199,000
Listed by PARADISE EXCLUSIVE INC
Mar 28, 2019 No longer available -
No longer available
Mar 8, 2019 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 28
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 228
  • Parking Space Count: 1
  • Patio Type: 94
  • Porch Type: 17
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,217
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 924
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 924
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GOLF CLUB EST
  • Land Acres: 0000000189
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: GOLF CLUB EST BLK H LT 3 & N 1/2 LOT 4 196/230 584/978 DC981/2125 981/2127&26 997/1081 1164/1218 1774/702 2011/1997 2071/401 3187/326 CT3934/1507 3969/188 4031/1994 4297/1786 4413/2049

Neighborhood

  • School District Name: Charlotte County School District
  • Census Tract: 010200

Zoning

  • Zoning: RMF5

Geography

  • Assessors Map Reference: 5B04N
  • Account Number: 00811960000004
  • Subdivision Tract Number: GOC
  • Parcel: 412304210002
  • Block: H
  • Lot: 3,4
  • Meridian: SEC 04 TWN 41S RNG 23E
  • Latitude: 26.9439
  • Longitude: -82.0133

    Address

  • Full Address: 414 Somerset Rd
  • Address - House Number: 414
  • Address - Street Name: Somerset
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Punta Gorda
  • Carrier Code: C054
  • 4-Digit Zip Code: 1731
  • Zip Code: 33950

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $206,623
  • Tax Rate Code Area: 104

    Appraisal Valuation

  • Standard Deviation: 0.093
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 91
  • Final Value: 193,238
  • High Value: 211,221
  • Low Value: 175,254

    Market Valuation

  • Market Total Value: $111,754
  • Market Land Value: $8,500
  • Market Improvement Value: $103,254

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,760

    Sales

  • Current Sale Contract Date: Dec 21, 2023
  • Current Sale Recording Date: Dec 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3353675
  • Previous Sale Recording Date: Mar 08, 2019
  • Previous Sale Contract Date: Mar 06, 2019
  • Previous Sale Amount: $70,000
  • 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 Cleveland

Stats & Trends

Median Asking:

$300,000

Sale Price/ft²

$186

Below Asking

0.06%

Average Days on Market

122

Average Home Size

1708 ft²

Average Home Age

38.9 years

Currently For Sale

15 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

Rentals Near You

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STELLAR

Listed by: Royce Rittinger
PARADISE EXCLUSIVE INC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# D6133358
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 414 Somerset Road built and last sold?
The property at 414 Somerset Road was built in 1963 and last sold on Dec 21, 2023 for $199,000.
How much is this home worth?
The estimated value of the home located at 414 Somerset Road is $0.
What are some comparable homes to 414 Somerset Road?
There are currently no comparable homes to 414 Somerset Road.
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