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Palm Coast 32137 Palm Harbor
51 Fortune LANE
$420,000
● House - Off Market

51 Fortune LANE

PALM COAST, FL 32137
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,136 Ft²
$455,890
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Coveted East side of I-95 location in in the Palm Harbor subdivision built by well-respected Howell Homes. Wonderful northwest orientation; perfect for enjoying the sunshine of the open air, backyard throughout the day. Large, covered lanai and fully fenced backyard make this a stand-out property meant to be enjoyed with family & friends. Over 2100 sq ft of living space to enjoy in this open floor plan with volume ceilings beautiful archways, and tray ceilings in the master bedroom and family room. Master bedroom with ensuite and walk-in closet and sliders to screened-in lanai. Split floor plan offers 3-beds, 2-baths, 2-car garage, and interior laundry room and an additional set of sliders from the family room to the lanai. 2021 architectural shingle roof and new soffits, 2018 HVAC, 2017 water heater, epoxy garage floors, water purification system, and wood look tile floors in the family room. A wonderful home just waiting for its next family!
Unit Size
2,136 Ft²
Days on Market
94 days
Land Size
0.23 acres
Price per sqft
$202
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
2003

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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: 3 years ago (Stellar MLS #FC285813)

Price History

Date / Event Date Event Price
Dec 5, 2022 Sold
Premium
Sold
Aug 27, 2022 Listed by TRADEMARK REALTY GROUP LLC $432,000
Listed by TRADEMARK REALTY GROUP LLC
Aug 28, 2001 Sold
Premium
Sold
Feb 5, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,985
  • Gross Building Area: 2,985
  • Building Area: 2,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,136
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PALM COAST
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: PALM COAST SECTION 7 BL 8 LOT 33 OR 100 PG 453 OR 549 PGS 3-5(ACM DC & NTC ALBERT A SHEEHAN) OR 549 PG 6 OR 765 PG 784 OR 2050/1461-RDMAN GAETANIELLO TRUST OR 2356/311-DC

Neighborhood

  • School District Name: Flagler County School District
  • Census Tract: 060107

Geography

  • Section: 7
  • Parcel: 07-11-31-7007-00080-0330
  • Block: 8
  • Lot: 33
  • Meridian: SEC 07 TWN 11S RNG 31E
  • Municipality: CITY OF PALM COAST
  • Latitude: 29.5707
  • Longitude: -81.2162

    Address

  • Full Address: 51 Fortune Ln
  • Address - House Number: 51
  • Address - Street Name: Fortune
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Palm Coast
  • Carrier Code: R002
  • 4-Digit Zip Code: 8439
  • Zip Code: 32137

Valuation

    Tax

  • Total Area: 2,985
  • Tax Year: 2022
  • Tax Amount: $135,923
  • Tax Rate Code Area: 061

    Appraisal Valuation

  • Standard Deviation: 0.0848
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 93
  • Final Value: 421,072
  • High Value: 456,803
  • Low Value: 385,340

    Market Valuation

  • Market Total Value: $272,813
  • Market Land Value: $47,000
  • Market Improvement Value: $225,813

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $148,686

    Sales

  • Current Sale Contract Date: Nov 28, 2022
  • Current Sale Recording Date: Dec 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 56593
  • Previous Sale Recording Date: Aug 28, 2001
  • Previous Sale Contract Date: Aug 27, 2001
  • Previous Sale Amount: $11,000
  • 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 Palm Harbor

Stats & Trends

Median Asking:

$449,000

Sale Price/ft²

$233

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1903 ft²

Average Home Age

27.8 years

Currently For Sale

130 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 10 Blyth Place, PALM COAST, FL, 32137

$2,200 /mo

  • 3 Beds
  • 3 Baths
  • 2,667 ft²
10 Blyth Place, PALM COAST, FL, 32137 Listing by Ana DeAlmeida
Unit for rent at 8 Botany Lane, PALM COAST, FL, 32137

$1,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,940 ft²
8 Botany Lane, PALM COAST, FL, 32137 Listing by Jenna Gibson
Unit for rent at 80 Putter Drive, PALM COAST, FL, 32164

$2,100 /mo

  • 4 Beds
  • 2 Baths
  • 2,006 ft²
80 Putter Drive, PALM COAST, FL, 32164 Listing by Rosa Benitez

Rentals Near You

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STELLAR

Listed by: KARLA GOODMAN
TRADEMARK REALTY GROUP LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# FC285813
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. 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 51 Fortune Lane built and last sold?
The property at 51 Fortune Lane was built in 2003 and last sold on Nov 28, 2022 for $420,000.
How much is this home worth?
The estimated value of the home located at 51 Fortune Lane is $438,901.
What are some comparable homes to 51 Fortune Lane?
There are currently no comparable homes to 51 Fortune Lane.
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