5124 FARM CREEK Road
About This Property
This property is beautifully situated to take maximum advantage of its convenient location. It is only about A½ mile off of C.R. 13A / Pacetti Road a" via Silo Road and Farm Creek Road a" yet it is very secluded and will accommodate a private homestead screened and buffered from neighbors. The lot frontage is across from open space and a home that showcases good stewardship and country quality.
The entrance to Mill Creek Estates is only 1 mile from the Publix-anchored Shops at Murabella. From the Mill Creek Estates entrance on Pacetti Road, convenient access to Interstate 95 is afforded via 3 options; either International Golf Parkway, S.R. 16 or C.R. 208. Connectivity to World Golf Village, the St. Augustine Outlet Centers, downtown St. Augustine and first-class health care is simple, quick and direct.
The property is very close-by the Mill Creek Elementary School and the Pacetti Bay Middle School a" both top-ranked Florida schools. Additionally, the fully-staffed St. Johns Fire Rescue Station, #16, is only 1 mile away.
Mill Creek Estates has no homeowner fees and the neighborhood is not subject to a Community Development District (CDD). The neighborhood streets are maintained by St. Johns County and the utilities are individual well-water, septic-fields and FPL power.
The propertya™s natural characteristics are superb. It is high and dry and well-drained and located in Zone X, as depicted on the FEMA Flood Insurance Rate Map #12109C0259H, September 2, 2004.
Predominate tree cover is Slash and Loblolly Pine with some native evergreen understory and a few hammock clusters of Southern Live Oak. The entire property is wooded so that any home and barn construction can be accomplished without the need to clear-cut and lose the sitea™s inherent privacy. A full perimeter of trees and understory can easily be maintained to enhance the setting of a home.
The rear of the lot shares an interface with a couple of the horse ranches on Pacetti Road and the rear left portion of the lot is near the Mill Creek watershed and greenbelt. Wild turkey and native deer have been spotted on the property with turkeys frequenting the propertya™s Live Oak hammock.
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 9, 2016 | Sold | ||
| Sold | |||
| Apr 11, 2015 | Listed by OLD BEACH REALTY GROUP INC | $249,000 | |
| Listed by OLD BEACH REALTY GROUP INC | |||
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Take advantage of this beautiful location close to World Golf Village. 6.5 acres of high and dry land in a quiet and desirable community. A great opportunity! Survey under documents.
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| Jun 14, 2013 | Sold | ||
| Sold | |||
| Feb 14, 2013 | Listed by DAVIDSON REALTY, INC. | $279,900 | |
| Listed by DAVIDSON REALTY, INC. | |||
| May 3, 2012 | Listed by COLDWELL BANKER VANGUARD REALTY | $297,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
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Bring the horses and the dogs! 6.47 acres of high & dry landfor your new home close to World Golf Village. Quiet community with desirable covenants
and restrictions & No homeowners or CDD
fees. There is a concrete water trough on the property.
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About World Golf Village
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