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St. Johns 32084
508 PALACE Drive
$289,760
● House - Off Market

508 PALACE Drive

St Augustine, FL 32084
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,604 Ft²
$397,949
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Welcome to Freedom at San Salito, our newest active adult neighborhood offered by Freedom Homes, a D.R. Horton company. Freedom communities offer a low stress, low maintenance lifestyle in great locations. Features include a gated entrance, amenity center and Lifestyle Director to help meet neighbors and make new friends!  Homes are single story, thoughtfully designed and feature covered lanais to enhance your Florida lifestyle.

One year of Freedom section HOA fees paid!!
Unit Size
1,604 Ft²
Days on Market
-
Land Size
-
Price per sqft
$184
Property Type
House
Property Taxes
-
HOA Dues
$247
Year Built
2020

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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 #1059773)

Price History

Date / Event Date Event Price
Oct 1, 2020 Sold
Premium
Sold
Jun 23, 2020 Listed by D R HORTON REALTY INC $294,385
Listed by D R HORTON REALTY INC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 3
  • Building Quality: 4
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 111
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,969
  • Total Building Area: 2,045
  • Gross Building Area: 2,261
  • Building Area: 1,604
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,604
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHRIDGE LAKES UNIT 5
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: 85/13-20 NORTHRIDGE LAKES UNIT 5 LOT 42 OR5058/1535 & 5531/1144(L/E)

Neighborhood

  • School District Name: St. Johns County School District
  • Census Tract: 020904

Geography

  • Assessors Map Reference: 142A
  • Parcel: 073324-0420
  • Block: 1
  • Lot: 42
  • Meridian: SEC 35 TWN 06S RNG 29E
  • Municipality: SOUTH PONTE VEDRA & US1-NORTH
  • Latitude: 29.9377
  • Longitude: -81.354

    Address

  • Full Address: 508 Palace Dr
  • Legal Unit: 5
  • Address - House Number: 508
  • Address - Street Name: Palace
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Saint Augustine
  • Carrier Code: R003
  • 4-Digit Zip Code: 6660
  • Zip Code: 32084

Valuation

    Tax

  • Total Area: 1,942
  • Tax Year: 2022
  • Tax Amount: $379,192
  • Tax Rate Code Area: 450

    Appraisal Valuation

  • Standard Deviation: 0.1507
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 81
  • Final Value: 426,708
  • High Value: 491,052
  • Low Value: 362,364

    Market Valuation

  • Market Total Value: $308,004
  • Market Land Value: $80,640
  • Market Improvement Value: $227,364

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $308,004
  • Assessed Land Value: $80,640
  • Assessed Improvements Value: $227,364

    Sales

  • Current Sale Contract Date: Sep 29, 2020
  • Current Sale Recording Date: Oct 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2020085626
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 St. Johns

Stats & Trends

Median Asking:

$519,000

Sale Price/ft²

$244

Below Asking

0.02%

Average Days on Market

74

Average Home Size

2224 ft²

Average Home Age

17 years

Currently For Sale

2845 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

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

Listed by: CHARLIE ROGERS, D R HORTON REALTY INC
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1059773
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 508 Palace Drive built and last sold?
The property at 508 Palace Drive was built in 2020 and last sold on Sep 29, 2020 for $289,760.
How much is this home worth?
The estimated value of the home located at 508 Palace Drive is $0.
What are some comparable homes to 508 Palace Drive?
There are currently no comparable homes to 508 Palace Drive.
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