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Putnam 32177
450 WEST RIVER Road
$176,000
● House - Off Market

450 WEST RIVER Road

Palatka, FL 32177
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,857 Ft²
$1,209
Est. Monthly

About This Property

*** Multiple Offers - Highest & Best due by 3pm Wednesday 2/4/26 *** This 10.7 acre property could be absolutely remarkable and is perfect for a buyer with an eye for potential. The home is in very rough shape with alot of cleanup required. Listed for land value only! If you able to breathe life back into this home you've got additional value at no additional cost! Huge opportunity, Call to schedule your showing today!
Unit Size
1,857 Ft²
Days on Market
26 days
Land Size
10.70 acres
Price per sqft
$94
Property Type
House
Property Taxes
$349
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: 9 months ago (Real MLS #2127968)

Price History

Date / Event Date Event Price
Feb 27, 2026 Sold
Premium
Sold
Feb 6, 2026 In contract -
In contract
Jan 31, 2026 Listed by TIMBER TO TIDES REALTY LLC $175,000
Listed by TIMBER TO TIDES REALTY LLC

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 806
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 415,562
  • Lot Size Depth Feet: 2,550
  • Lot Size Frontage Feet: 4,000
  • Total Building Area: 1,857
  • Gross Building Area: 2,663
  • Building Area: 1,857
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 1,857
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000009540
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: PT OF GOVT LOTS 7 & 8 OR 4 P 266 & OR 21 P 197, OR 49 P 384

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950100

Geography

  • Account Number: 73689
  • Parcel: 16-09-27-0000-0170-0000
  • Lot: 7
  • Meridian: SEC 16 TWN 09S RNG 27E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.7176
  • Longitude: -81.5995

    Address

  • Full Address: 450 W River Rd
  • Address - House Number: 450
  • Street Direction: W
  • Address - Street Name: River
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Palatka
  • Carrier Code: R006
  • 4-Digit Zip Code: 7066
  • Zip Code: 32177

Valuation

    Tax

  • Total Area: 2,702
  • Tax Year: 2023
  • Tax Amount: $354,324
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 000

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 203,869
  • High Value: 298,355
  • Low Value: 109,382

    Market Valuation

  • Market Total Value: $235,740
  • Market Land Value: $91,580
  • Market Improvement Value: $144,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $235,740
  • Assessed Land Value: $91,580
  • Assessed Improvements Value: $144,160
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 Putnam

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$189

Below Asking

0.04%

Average Days on Market

97

Average Home Size

1769 ft²

Average Home Age

45.4 years

Currently For Sale

297 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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Real MLS

Listed by: JOSH GARTRELL, TIMBER TO TIDES REALTY LLC
Last Updated: 9 months ago
Data Source: Real MLS, MLS# 2127968
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS. 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 450 West River Road built and last sold?
The property at 450 West River Road 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 450 West River Road is $186,363.
What are some comparable homes to 450 West River Road?
There are currently no comparable homes to 450 West River Road.
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