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Middleburg 32068
503 Kay Road
$109,000
● House - Off Market

503 Kay Road

Middleburg, FL 32068
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,388 Ft²
$536
Est. Monthly

About This Property

Adorable 3/2 home Situated on Over an Acre Right in the Heart of Middleburg. Country Living at it's finest! This Home offers many Great Features Such as; Tile Flooring ,Stone Fireplace and a New Water Softener. Also has Cute Galley Kitchen with a New Stove and Refrigerator. In addition, Home has a Court Yard Entry Garage. The Roof was replaced in 2002. This property is zoned for Horses and is NOT a short sale.  Can close quickly.
Unit Size
1,388 Ft²
Days on Market
-
Land Size
-
Price per sqft
$79
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1988

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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 (Real MLS #681846)

Price History

Date / Event Date Event Price
Aug 6, 2021 Sold
Premium
Sold
Jun 9, 2021 Listed by J C HARPER REALTY $235,000
Listed by J C HARPER REALTY
May 7, 2018 Sold
Premium
Sold
Mar 14, 2018 Listed by J C HARPER REALTY $175,000
Listed by J C HARPER REALTY
Sep 26, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • 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: 447
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 48,787
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 1,640
  • Total Building Area: 1,860
  • Gross Building Area: 1,860
  • Building Area: 1,388
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,388
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARMSTRONG S/D
  • Land Acres: 0000001120
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: PT OF N1/2 S8T5R24 AS REC OR 4492 PG 478

Neighborhood

  • School District Name: Clay County School District
  • Census Tract: 030103

Geography

  • Assessors Map Reference: 1399-E7
  • Parcel: 08-05-24-005951-001-38
  • Lot: 29
  • Meridian: SEC 08 TWN 05S RNG 24E
  • Municipality: UNINCORPORATED
  • Latitude: 30.0813
  • Longitude: -81.9185

    Address

  • Full Address: 503 Kay Rd
  • Address - House Number: 503
  • Address - Street Name: Kay
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Middleburg
  • Carrier Code: R007
  • 4-Digit Zip Code: 4619
  • Zip Code: 32068

Valuation

    Tax

  • Total Area: 1,860
  • Tax Year: 2022
  • Tax Amount: $295,051
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2008
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 73
  • Final Value: 304,515
  • High Value: 365,684
  • Low Value: 243,345

    Market Valuation

  • Market Total Value: $219,525
  • Market Land Value: $28,000
  • Market Improvement Value: $191,525

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $219,525
  • Assessed Land Value: $28,000
  • Assessed Improvements Value: $191,525

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021048643
  • Previous Sale Recording Date: May 07, 2018
  • Previous Sale Contract Date: May 03, 2018
  • Previous Sale Amount: $175,000
  • 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 Middleburg

Stats & Trends

Median Asking:

$394,000

Sale Price/ft²

$221

Below Asking

0.02%

Average Days on Market

68

Average Home Size

1954 ft²

Average Home Age

24.7 years

Currently For Sale

51 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: JENNIFER HARPER, J C HARPER REALTY
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 681846
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 503 Kay Road built and last sold?
The property at 503 Kay Road was built in 1988 and last sold on Jul 30, 2021 for $240,000.
How much is this home worth?
The estimated value of the home located at 503 Kay Road is $0.
What are some comparable homes to 503 Kay Road?
There are currently no comparable homes to 503 Kay Road.
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