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Destin 32541 Spring Lake
416 Lee Lane
$152,000
● House - Off Market

416 Lee Lane

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$274,992
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model

About This Property

Short Sale. Nice home with open floor plan. Kitchen has granite counter tops and wood cabinets. Ceiling fans in all bedrooms and two in the living room. There are two brick paved patios off the living room via french doors. Large lot with mature trees. Buyer to verify all pertinent information including lot dimensions and square footage. Property to be sold as is.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
-
Price per sqft
$111
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1974

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #720316)

Price History

Date / Event Date Event Price
Oct 13, 2022 Sold
Premium
Sold
Jun 14, 2019 Sold
Premium
Sold
Nov 20, 2015 Sold
Premium
Sold
Jan 5, 2015 Listed by Stars Realty $155,000
Listed by Stars Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,518
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,949
  • Gross Building Area: 1,949
  • Building Area: 1,367
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,367
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING LAKE 2ND ADD
  • Land Acres: 0000000264
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SPRING LAKE 2ND ADD LOT 24 BLK H

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023307

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-2371-000H-0240
  • Block: H
  • Lot: 24
  • Municipality: DESTIN
  • Latitude: 30.4001
  • Longitude: -86.4857

    Address

  • Full Address: 416 Lee Ln
  • Address - House Number: 416
  • Address - Street Name: Lee
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Destin
  • Carrier Code: C010
  • 4-Digit Zip Code: 1915
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,657
  • Tax Year: 2023
  • Tax Amount: $298,515
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 419,178
  • High Value: 502,677
  • Low Value: 335,680

    Market Valuation

  • Market Total Value: $293,421
  • Market Land Value: $117,943
  • Market Improvement Value: $175,478

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $293,421
  • Assessed Land Value: $117,943
  • Assessed Improvements Value: $175,478

    Sales

  • Current Sale Contract Date: Oct 05, 2022
  • Current Sale Recording Date: Oct 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3584646
  • Previous Sale Recording Date: Jun 14, 2019
  • Previous Sale Contract Date: Jun 07, 2019
  • Previous Sale Amount: $275,000
  • 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 Spring Lake

Stats & Trends

Median Asking:

$440,000

Sale Price/ft²

$271

Below Asking

0.02%

Average Days on Market

95

Average Home Size

1984 ft²

Average Home Age

46.5 years

Currently For Sale

2 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: Wesley O Van Eaton, Stars Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 720316
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 416 Lee Lane built and last sold?
The property at 416 Lee Lane was built in 1974 and last sold on Oct 5, 2022 for $440,000.
How much is this home worth?
The estimated value of the home located at 416 Lee Lane is $0.
What are some comparable homes to 416 Lee Lane?
There are currently no comparable homes to 416 Lee Lane.
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