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Destin 32541 Eastwood
505 Benning Drive
$135,000
● House - Off Market

505 Benning Drive

Destin, FL 32541
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,370 Ft²
$276,787
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model

About This Property

This cozy home is located in a prime location in West Destin within walking distance to the Destin Elementary School and across the street from a day care center. Minutes from shopping & restaurants. The garage has been converted into two separate rooms, one leading to the laundry room. The two rooms are currently used as bedrooms but these 2 bonus room allow several possibilities. Lease ends 8/31/2014 and then the house will be vacant. Please schedule an appointment to show! Tenant would be willing to stay if seller wants a tenant. We are still trying to determine the lot size.
Unit Size
1,370 Ft²
Days on Market
-
Land Size
-
Price per sqft
$109
Property Type
House
Property Taxes
$100
HOA Dues
-
Year Built
1964

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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: 2 years ago (ECAR MLS #709681)

Price History

Date / Event Date Event Price
Aug 8, 2014 Sold
Premium
Sold
Jul 11, 2014 Listed by Real Estate Professionals of Destin Inc $149,000
Listed by Real Estate Professionals of Destin Inc

Property Highlights

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,908
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,584
  • Gross Building Area: 1,584
  • Building Area: 1,430
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,430
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CALHOUN S/D
  • Land Acres: 0000000273
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CALHOUN S/D BEG 125 FT N OF SE COR OF LOT F-7 N 85 FT W 140 FT

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023306

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0310-000F-0F1H
  • Lot: F-7
  • Municipality: DESTIN
  • Latitude: 30.4028
  • Longitude: -86.4955

    Address

  • Full Address: 505 Benning Dr
  • Address - House Number: 505
  • Address - Street Name: Benning
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C012
  • 4-Digit Zip Code: 1717
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,461
  • Tax Year: 2023
  • Tax Amount: $289,108
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2115
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 384,311
  • High Value: 465,616
  • Low Value: 303,007

    Market Valuation

  • Market Total Value: $262,936
  • Market Land Value: $132,096
  • Market Improvement Value: $130,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $262,936
  • Assessed Land Value: $132,096
  • Assessed Improvements Value: $130,840

    Sales

  • Current Sale Contract Date: Aug 07, 2014
  • Current Sale Recording Date: Aug 08, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2944030
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 Eastwood

Stats & Trends

Median Asking:

$574,450

Sale Price/ft²

$273

Below Asking

0.02%

Average Days on Market

94

Average Home Size

2081 ft²

Average Home Age

25.8 years

Currently For Sale

6 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: Mary Anne Windes, Real Estate Professionals of Destin Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 709681
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 505 Benning Drive built and last sold?
The property at 505 Benning Drive was built in 1964 and last sold on Aug 7, 2014 for $135,000.
How much is this home worth?
The estimated value of the home located at 505 Benning Drive is $0.
What are some comparable homes to 505 Benning Drive?
There are currently no comparable homes to 505 Benning Drive.
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