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East Milton 32583
4587 Red Oak Drive
$389,950
● House - Off Market

4587 Red Oak Drive

Milton, FL 32583
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,266 Ft²
$389,950
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

*Complete & Ready for Immediate Occupancy! in The Preserve Subdivision* 2x6 Exterior Construction * Seller pays Closing Costs with a Preferred Lender * Lot 74' x 300' Deep *The Cameron Isle Plan Features 4 BR/3.5 BA & 3 Car Garage *Split Bedroom Plan  * 10 Ft Flat Ceilings in Main Area * Luxury Vinyl Plank in Main Living Area & Wet Area's * Kitchen Feature: Granite Kitchen Countertops & Island, Stainless Steel Appliances, Walk In Pantry* Master Bath: Tile Floor, Double Vanity , Builder's Signature Zero Entry  Walk in Tile Shower, Large Walk-in Closets *Ceiling Fans * Rear Covered Lanai *
Unit Size
2,266 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$172
Property Type
House
Property Taxes
-
HOA Dues
$110
Year Built
2023

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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 MLS #921307)

Price History

Date / Event Date Event Price
Nov 17, 2023 Sold
Premium
Sold
Apr 18, 2023 Listed by Whitworth Builders Realty Inc $389,950
Listed by Whitworth Builders Realty Inc
Jan 12, 2023 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 13
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 696
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,477
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,143
  • Gross Building Area: 3,143
  • Building Area: 2,184
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,184
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRESERVE (THE)
  • Land Acres: 0000000516
  • Standard Land Use Code: 1001
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: PRESERVE (THE) LOT 32 BLK D AS DES IN OR 4359 PG 83

Neighborhood

  • School District Name: Santa Rosa County School District
  • Census Tract: 010809

Zoning

  • Zoning: RR1

Geography

  • Parcel: 07-1N-27-3253-00D00-0320
  • Block: D
  • Lot: 32
  • Meridian: SEC 07 TWN 1N RNG 27W
  • Municipality: EAST MILTON
  • Latitude: 30.6068
  • Longitude: -86.9861

    Address

  • Full Address: 4587 Red Oak Dr
  • Address - House Number: 4587
  • Address - Street Name: Red Oak
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Milton
  • Carrier Code: R045
  • 4-Digit Zip Code: 5366
  • Zip Code: 32583

Valuation

    Tax

  • Total Area: 2,633
  • Tax Year: 2023
  • Tax Amount: $44,200
  • Tax Rate Code Area: 0015

    Appraisal Valuation

  • Standard Deviation: 0.4672
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 6
  • Final Value: 50,688
  • High Value: 74,370
  • Low Value: 27,005

    Market Valuation

  • Market Total Value: $44,000
  • Market Land Value: $44,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,000
  • Assessed Land Value: $44,000

    Sales

  • Current Sale Contract Date: Nov 15, 2023
  • Current Sale Recording Date: Nov 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 51756
  • Previous Sale Recording Date: Jan 12, 2023
  • Previous Sale Contract Date: Jan 11, 2023
  • Previous Sale Amount: $40,000
  • 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 East Milton

Stats & Trends

Median Asking:

$337,900

Sale Price/ft²

$172

Below Asking

0.02%

Average Days on Market

95

Average Home Size

2079 ft²

Average Home Age

3.8 years

Currently For Sale

57 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: Mark Frate, Whitworth Builders Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 921307
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 4587 Red Oak Drive built and last sold?
The property at 4587 Red Oak Drive was built in 2023 and last sold on Nov 15, 2023 for $390,000.
How much is this home worth?
The estimated value of the home located at 4587 Red Oak Drive is $0.
What are some comparable homes to 4587 Red Oak Drive?
There are currently no comparable homes to 4587 Red Oak Drive.
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