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Destin 32541 Pine Ridge Trace
48 PINE RIDGE TRCE
$193,000
● House - Off Market

48 PINE RIDGE TRCE

Destin, FL 32541
bedrooms
2 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,110 Ft²
$334,425
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

This contemporary Florida Cottage has an panoramic open floor plan that includes an adjoining sun room that creates two perfect entertainment areas. The kitchen has been completely updated with stainless steel appliances, cabinets, and lighting. In addition, all 2.5 bathrooms have been newly renovated. Beautiful cream tile floors conveys throughout this home. Impeccable landscaped with a large back yard and beach fire pit provides the perfect outdoor space for all to enjoy. A new metal roof was added last year which helps keep your utilities bills very low.This home is in pristine condition and ready for it's new owners. Owner will also provide a home warranty.
Unit Size
1,110 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$179
Property Type
House
Property Taxes
$81
HOA Dues
-
Year Built
1992

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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 #756098)

Price History

Date / Event Date Event Price
Sep 22, 2020 Sold
Premium
Sold
Dec 1, 2016 Sold
Premium
Sold
Jul 1, 2016 Listed by La Florida Coastal Properties $198,500
Listed by La Florida Coastal Properties

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 264
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,399
  • Total Building Area: 1,414
  • Gross Building Area: 1,414
  • Building Area: 974
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 974
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE RIDGE
  • Land Acres: 0000000101
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: PINE RIDGE TRACE RE/SUB PB 12 PG 14 LOT 5 BLK C

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023305

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-2077-000C-0050
  • Block: C
  • Lot: 5
  • Municipality: DESTIN
  • Latitude: 30.4063
  • Longitude: -86.4794

    Address

  • Full Address: 48 Pine Ridge Trce
  • Address - House Number: 48
  • Address - Street Name: Pine Ridge
  • Address - Suffix Type: Trce
  • State: FL
  • City Name: Destin
  • Carrier Code: C008
  • 4-Digit Zip Code: 2046
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,247
  • Tax Year: 2023
  • Tax Amount: $127,121
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1991
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 338,628
  • High Value: 406,081
  • Low Value: 271,175

    Market Valuation

  • Market Total Value: $222,064
  • Market Land Value: $67,321
  • Market Improvement Value: $154,743

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $144,950

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 06, 2020
  • Current Sale Recording Date: Sep 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3392027
  • Previous Sale Recording Date: Dec 01, 2016
  • Previous Sale Contract Date: Nov 30, 2016
  • Previous Sale Amount: $193,500
  • 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 Pine Ridge Trace

Stats & Trends

Median Asking:

$230,000

Sale Price/ft²

$182

Above Asking

0.00%

Average Days on Market

17

Average Home Size

1106 ft²

Average Home Age

42 years

Currently For Sale

1 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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ECAR

Listed by: R L Robinson, La Florida Coastal Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 756098
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 48 Pine Ridge Trace built and last sold?
The property at 48 Pine Ridge Trace was built in 1992 and last sold on Sep 6, 2020 for $90,100.
How much is this home worth?
The estimated value of the home located at 48 Pine Ridge Trace is $0.
What are some comparable homes to 48 Pine Ridge Trace?
There are currently no comparable homes to 48 Pine Ridge Trace.
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