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Walton 32413
43 PATINA Boulevard
$560,000
● House - Off Market

43 PATINA Boulevard

Inlet Beach, FL 32461
bedrooms
3 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
1,738 Ft²
$1,071,977
RealtyHop Estimate
84.82%
Since Mar 1, 2015
National-US
Primary Model

About This Property

Wonderful 'Beach Cottage' in the popular Magnolia Cottages By The Sea. This fully furnished 3 bedroom, 3.5 bath home (plus bunks in the hallway) is steps from the beach! Inverted floorplan puts the kitchen upstairs for better views. Includes a 6 passenger GEM Car.***Buyer is responsible for personally verifying details about this property. Any information contained in this listing is believed to be accurate but is not guaranteed.***
Unit Size
1,738 Ft²
Days on Market
-
Land Size
-
Price per sqft
$334
Property Type
House
Property Taxes
$237
HOA Dues
$1,417
Year Built
2004

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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 #701459)

Price History

Date / Event Date Event Price
Jun 25, 2021 No longer available -
No longer available
Jun 22, 2021 Sold
Premium
Sold
May 11, 2021 Listed by Davis Properties Of Nw Fl $1,175,000
Listed by Davis Properties Of Nw Fl
Feb 4, 2015 Sold
Premium
Sold
Mar 15, 2014 Listed by Davis Properties Of Nw Fl $580,000
Listed by Davis Properties Of Nw Fl
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • 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: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,268
  • Total Building Area: 1,738
  • Gross Building Area: 1,738
  • Building Area: 1,738
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,738
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA COTTAGES BY THE SEA
  • Land Acres: 0000000098
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 1 BLK B MAGNOLIA COTTAGES BY THE SEA PB 15-49 REPLAT PB 15-71 OR 2638-4572 &-4574 OR 2970-713 OR 3203-3836

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950610

Geography

  • Assessors Map Reference: S3-28-18
  • Parcel: 28-3S-18-16190-00B-0010
  • Block: B
  • Lot: 1
  • Meridian: SEC 28 TWN 03S RNG 018
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.2909
  • Longitude: -86.0491

    Address

  • Full Address: 43 Patina Blvd
  • Address - House Number: 43
  • Address - Street Name: Patina
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Inlet Beach
  • Carrier Code: R006
  • 4-Digit Zip Code: 0720
  • Zip Code: 32461

Valuation

    Tax

  • Total Area: 1,839
  • Tax Year: 2022
  • Tax Amount: $820,942
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2678
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 61
  • Final Value: 1,479,230
  • High Value: 1,875,489
  • Low Value: 1,082,972

    Market Valuation

  • Market Total Value: $885,840
  • Market Land Value: $250,998
  • Market Improvement Value: $634,842

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $885,840
  • Assessed Land Value: $250,998
  • Assessed Improvements Value: $634,842

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jun 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20210031417
  • Previous Sale Recording Date: Feb 04, 2015
  • Previous Sale Contract Date: Feb 03, 2015
  • Previous Sale Amount: $560,000
  • 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 Walton

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$395

Below Asking

0.02%

Average Days on Market

79

Average Home Size

2270 ft²

Average Home Age

17.7 years

Currently For Sale

3408 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: Laurance B Davis, Davis Properties Of Nw Fl
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 701459
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 43 Patina Boulevard built and last sold?
The property at 43 Patina Boulevard was built in 2004 and last sold on Jun 18, 2021 for $1,175,000.
How much is this home worth?
The estimated value of the home located at 43 Patina Boulevard is $0.
What are some comparable homes to 43 Patina Boulevard?
There are currently no comparable homes to 43 Patina Boulevard.
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