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Chipley 32428
501 2nd Street
Photo of 501 2nd Street
Sold on Mar 24, 2023

23

Map

Photo of 501 2nd Street
Photo of 501 2nd Street
$50,000
● House - Off Market

501 2nd Street

Chipley, FL 32428
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$87,591
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

Reduced again.  Sturdy block three bedroom one bathroom home on a .26 acre lot with metal roof and newer 8x14 Shed in the back yard offered as is.  This Chipley home needs a some TLC but has the potential to be the perfect first home or rental. The lot is fenced and has an above ground pool. Call your local agent and see it today. All sizes are approximate or taken from other sources, pleases verify accordingly.
Unit Size
1,056 Ft²
Days on Market
151 days
Land Size
0.26 acres
Price per sqft
$80
Property Type
House
Property Taxes
$31
HOA Dues
-
Year Built
1975

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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: 18 days ago ( #733798)

Price History

Date / Event Date Event Price
Mar 24, 2023 Sold
Premium
Sold
Oct 24, 2022 Listed by CENTURY 21 Commander Realty $85,000
Listed by CENTURY 21 Commander Realty
Nov 28, 2011 Sold
Premium
Sold
Jun 21, 2010 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 20
  • 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: 3
  • Garage Square Area: 348
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,458
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 1,489
  • Gross Building Area: 1,489
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000286
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 0100
  • Legal Description 1: 33 5 13 ORB 901 P 94 BEG. AT SWC OF LOT 4,RUN N.104 FOR POB, RUN N.104,E.120,S.104 W.120 TO POB BLK J

Neighborhood

  • School District Name: Washington County School District
  • Census Tract: 970103

Geography

  • Parcel: 00000000-00-2955-0002
  • Block: 2
  • Lot: 4
  • Meridian: SEC 33 TWN 05S RNG 13W
  • Municipality: CITY OF CHIPLEY
  • Latitude: 30.7941
  • Longitude: -85.5432

    Address

  • Full Address: 501 2nd St
  • Address - House Number: 501
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Chipley
  • Carrier Code: C001
  • 4-Digit Zip Code: 1104
  • Zip Code: 32428

Valuation

    Tax

  • Total Area: 1,117
  • Tax Year: 2022
  • Tax Amount: $38,829
  • Tax Rate Code Area: 0002

    Appraisal Valuation

  • Standard Deviation: 0.4381
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 12
  • Final Value: 79,814
  • High Value: 114,786
  • Low Value: 44,841

    Market Valuation

  • Market Total Value: $68,243
  • Market Land Value: $5,720
  • Market Improvement Value: $62,523

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $43,709

    Sales

  • Current Sale Contract Date: Mar 24, 2023
  • Current Sale Recording Date: Mar 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2032
  • Previous Sale Recording Date: Nov 28, 2011
  • Previous Sale Contract Date: Nov 08, 2011
  • Previous Sale Amount: $45,000
  • 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 Chipley

Stats & Trends

Median Asking:

$174,900

Sale Price/ft²

$113

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2250 ft²

Average Home Age

73.9 years

Currently For Sale

15 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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Frequently Asked Questions

When was property at 501 2nd Street built and last sold?
The property at 501 2nd Street was built in 1975 and last sold on Mar 24, 2023 for $50,000.
How much is this home worth?
The estimated value of the home located at 501 2nd Street is $86,345.
What are some comparable homes to 501 2nd Street?
There are currently no comparable homes to 501 2nd Street.
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