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Bradford
505 SE 3RD Avenue
$110,000
● House - Off Market

505 SE 3RD Avenue

Melrose, FL 32666
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,066 Ft²
$166,018
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model
Unit Size
1,066 Ft²
Days on Market
-
Land Size
-
Price per sqft
$108
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1986

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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: 3 years ago (Real MLS #1006364)

Price History

Date / Event Date Event Price
Feb 11, 2020 Sold
Premium
Sold
Jul 18, 2019 Listed by TREVOR WATERS REALTY, INC. $115,000
Listed by TREVOR WATERS REALTY, INC.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 312
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,232
  • Total Building Area: 1,738
  • Gross Building Area: 1,738
  • Building Area: 1,066
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,066
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIT 6 SEMINOLE RIDGE
  • Land Acres: 0000000556
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: 12 9S 22 LOT 32 UNIT 6 SEMINOLE RIDGE

Neighborhood

  • School District Name: Bradford County School District
  • Census Tract: 000301

Geography

  • Parcel: 06230-F-03200
  • Lot: 32
  • Meridian: SEC 12 TWN 09S RNG 22E
  • Municipality: SRWMD
  • Latitude: 29.7256
  • Longitude: -82.0494

    Address

  • Full Address: 505 Se 3rd Ave
  • Legal Unit: 6
  • Address - House Number: 505
  • Street Direction: SE
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Melrose
  • Carrier Code: R002
  • 4-Digit Zip Code: 5435
  • Zip Code: 32666

Valuation

    Tax

  • Total Area: 1,406
  • Tax Year: 2023
  • Tax Amount: $93,580
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.4481
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 10
  • Final Value: 130,303
  • High Value: 188,695
  • Low Value: 71,910

    Market Valuation

  • Market Total Value: $111,944
  • Market Land Value: $22,500
  • Market Improvement Value: $89,444

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $92,867

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 11, 2020
  • Current Sale Recording Date: Feb 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202004001157
  • Previous Sale Recording Date: Feb 11, 2020
  • Previous Sale Contract Date: Feb 11, 2020
  • Previous Sale Amount: $110,000
  • 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 Bradford

Stats & Trends

Median Asking:

$299,500

Sale Price/ft²

$187

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1904 ft²

Average Home Age

42.1 years

Currently For Sale

119 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

Unit for rent at 436 Se 4th Avenue, MELROSE, FL, 32666

$2,595 /mo

  • 3 Beds
  • 2 Baths
  • 2,945 ft²
436 Se 4th Avenue, MELROSE, FL, 32666 Listing by Jessica Williams
Unit for rent at 1464 Se County Road 21b, Melrose, FL, 32666

$1,600 /mo

  • 1 Bed
  • 1 Bath
  • 1,060 ft²
1464 Se County Road 21b, Melrose, FL, 32666 Listing by FREDDIE STEPHENS JR.

Rentals Near You

Click here to view more rentals in the neighborhood.
Real MLS

Listed by: TREVOR WATERS, TREVOR WATERS REALTY, INC.
Last Updated: 3 years ago
Data Source: Real MLS, MLS# 1006364
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 505 Southeast 3rd Avenue built and last sold?
The property at 505 Southeast 3rd Avenue was built in 1986 and last sold on Feb 11, 2020 for $110,000.
How much is this home worth?
The estimated value of the home located at 505 Southeast 3rd Avenue is $0.
What are some comparable homes to 505 Southeast 3rd Avenue?
There are currently no comparable homes to 505 Southeast 3rd Avenue.
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