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Clay 32656
4840 M LAKE Road
$412,500
● House - Off Market

4840 M LAKE Road

Keystone Heights, FL 32656
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,657 Ft²
$2,376
Est. Monthly
5.86%
Cap Rate

About This Property

Welcome to this country cottage situated on 5.3 acres of land. Upon arrival you will see the home is located on a quiet, private road. Once through the gate, you will pull up to the home, a beautiful barn, a partially finished apartment and a carport. Inside the home, you will find a spacious three bedrooms, two bathroom, split floorplan with a large kitchen. The dining room has a large picture window to enjoy the scenery. There is also a screened in back porch to enjoy on a nice evening. The barn includes a large workspace downstairs with newly installed electric as well as a huge storage space upstairs. On the right side of the barn, there is a partially finished apartment that has so many possibilities. This property is perfect to bring your RV, boat or other large toys!
Unit Size
1,657 Ft²
Days on Market
36 days
Land Size
5.31 acres
Price per sqft
$256
Property Type
House
Property Taxes
$288
HOA Dues
-
Year Built
1992

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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: 8 months ago (Real MLS #2026059)

Price History

Date / Event Date Event Price
Jun 21, 2024 Sold
Premium
Sold
May 26, 2024 In contract -
In contract
May 16, 2024 Listed by FLORIDA HOMES REALTY & MTG LLC $425,000
Listed by FLORIDA HOMES REALTY & MTG LLC
Nov 18, 2021 Sold
Premium
Sold
Jun 18, 2021 Listed by FLORIDA HOMES REALTY & MTG LLC $347,900
Listed by FLORIDA HOMES REALTY & MTG LLC
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 9
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 1,215
  • Parking Space Count: 6
  • Patio Type: 5
  • Porch Type: 50
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 231,739
  • Total Building Area: 1,849
  • Gross Building Area: 1,849
  • Building Area: 1,657
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,657
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE ESTATES
  • Land Acres: 0000005320
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: TRACT 4B M LAKE ESTATES AS REC OR 4537 PG 225

Neighborhood

  • School District Name: Clay County School District
  • Census Tract: 031105

Geography

  • Assessors Map Reference: MAP 348.00
  • Subdivision Tract Number: 4B
  • Parcel: 09-08-24-007026-002-B4
  • Meridian: SEC 09 TWN 08S RNG 24E
  • Municipality: UNINCORPORATED
  • Latitude: 29.8125
  • Longitude: -81.9158

    Address

  • Full Address: 4840 M Lake Rd
  • Address - House Number: 4840
  • Address - Street Name: M Lake
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Keystone Heights
  • Carrier Code: R007
  • 4-Digit Zip Code: 7701
  • Zip Code: 32656

Valuation

    Tax

  • Total Area: 1,849
  • Tax Year: 2022
  • Tax Amount: $330,986
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1685
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 78
  • Final Value: 377,034
  • High Value: 440,581
  • Low Value: 313,487

    Market Valuation

  • Market Total Value: $248,639
  • Market Land Value: $35,276
  • Market Improvement Value: $213,363

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $248,639
  • Assessed Land Value: $35,276
  • Assessed Improvements Value: $213,363

    Sales

  • Current Sale Contract Date: Nov 15, 2021
  • Current Sale Recording Date: Nov 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021073316
  • Previous Sale Recording Date: May 03, 2017
  • Previous Sale Contract Date: Apr 28, 2017
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: 68
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 Clay

Stats & Trends

Median Asking:

$354,500

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

77

Average Home Size

2021 ft²

Average Home Age

21.2 years

Currently For Sale

1055 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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Real MLS

Listed by: JESSICA L RIESETT, FLORIDA HOMES REALTY & MTG LLC
Last Updated: 8 months ago
Data Source: Real MLS, MLS# 2026059
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 4840 M Lake Road built and last sold?
The property at 4840 M Lake Road was built in 1992 and last sold on Nov 15, 2021 for $316,000.
How much is this home worth?
The estimated value of the home located at 4840 M Lake Road is $408,859.
What are some comparable homes to 4840 M Lake Road?
There are currently no comparable homes to 4840 M Lake Road.
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