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Pace 32571 Pace
4307 7th Avenue
$120,000
● House - Off Market

4307 7th Avenue

Pace, FL 32571
bedrooms
2 Beds
bathrooms
1 Bath
$590
Est. Monthly

About This Property

Located in the heart of Pace and in an established community, this REO is one to see. This block home has vinyl siding, an enclosed patio, completely fenced yard and was built in 1958. Home is just under 1000sf, has 2 bedrooms and 1 full bath. Located on approximately .3 acres, this super cute home definitely deserves a look if looking for the next rental or your first home. There are many financing options for this home, regardless of condition or any repairs that may be needed. This home is only open to owner occupants for the 1st 30 days on the market. Call today before this one is gone.
Unit Size
-
Days on Market
69 days
Land Size
0.31 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958

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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: 2 years ago (ECAR #977697)

Price History

Date / Event Date Event Price
Aug 8, 2025 Sold
Premium
Sold
Jul 1, 2025 In contract -
In contract
May 30, 2025 Listed by Assurance Realty of NWFL LLC $120,000
Listed by Assurance Realty of NWFL LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 77
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,896
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,164
  • Gross Building Area: 1,164
  • Building Area: 816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 816
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLORIDATOWN HEIGHTS
  • Land Acres: 0000000319
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: FLORIDATOWN HEIGHTS LOTS 30 & 31 BLK 53 AS DES IN OR 1468 PG 812

Neighborhood

  • School District Name: Santa Rosa County School District
  • Census Tract: 010705

Zoning

  • Zoning: R1M

Geography

  • Assessors Map Reference: MAP 5A PG 61A
  • Parcel: 23-1N-29-1240-05300-0300
  • Block: 53
  • Lot: 30
  • Meridian: SEC 23 TWN 1N RNG 29W
  • Municipality: PACE
  • Latitude: 30.5939
  • Longitude: -87.1661

    Address

  • Full Address: 4307 7th Ave
  • Address - House Number: 4307
  • Address - Street Name: 7th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Milton
  • Carrier Code: C005
  • 4-Digit Zip Code: 1817
  • Zip Code: 32571

Valuation

    Tax

  • Total Area: 955
  • Tax Year: 2023
  • Tax Amount: $94,465
  • Tax Rate Code Area: 0022

    Appraisal Valuation

  • Standard Deviation: 0.1436
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 82
  • Final Value: 146,854
  • High Value: 167,954
  • Low Value: 125,754

    Market Valuation

  • Market Total Value: $87,049
  • Market Land Value: $28,910
  • Market Improvement Value: $58,139

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $87,049
  • Assessed Land Value: $28,910
  • Assessed Improvements Value: $58,139
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 Pace

Stats & Trends

Median Asking:

$319,950

Sale Price/ft²

$171

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2104 ft²

Average Home Age

19.4 years

Currently For Sale

23 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: Cosmo M Spellings, Assurance Realty of NWFL LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 977697
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 4307 7th Avenue built and last sold?
The property at 4307 7th Avenue was built in 1958 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4307 7th Avenue is $0.
What are some comparable homes to 4307 7th Avenue?
There are currently no comparable homes to 4307 7th Avenue.
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