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Putnam 32177
5230 SILVER LAKE Drive
$170,000
● House - Off Market

5230 SILVER LAKE Drive

Palatka, FL 32177
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,392 Ft²
$240,561
RealtyHop Estimate
33.72%
Since Nov 1, 2020
National-US
Primary Model

About This Property

Cute home on 2.6+/- acres in the Peniel area on Pine Lake.  The gorgeous property has many nice trees and, with some clearing, would have a view of the lake.  The charming three bedroom two bath home features original hardwood flooring in several rooms, a huge living room, spacious kitchen with updated appliances, a sunny dining area, and a newer metal roof.  Additional building lot is included, making it ideal for building a larger home by the lake or future expansion.  Pine Lake is a small scenic fishing lake and does not allow gas powered motors.
Unit Size
1,392 Ft²
Days on Market
-
Land Size
-
Price per sqft
$129
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1963

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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 (Real MLS #1068735)

Price History

Date / Event Date Event Price
Oct 29, 2020 Sold
Premium
Sold
Aug 17, 2020 Listed by COLDWELL BANKER BEN BATES INC $179,900
Listed by COLDWELL BANKER BEN BATES INC

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,094
  • Total Building Area: 1,392
  • Gross Building Area: 1,392
  • Building Area: 1,392
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 1,392
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001150
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: PT OF NW1/4 OF NE1/4 OR876, P3

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950600

Geography

  • Account Number: 80783
  • Parcel: 21-10-26-0000-0030-0000
  • Lot: 1
  • Meridian: SEC 21 TWN 10S RNG 26E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.6165
  • Longitude: -81.6998

    Address

  • Full Address: 5230 Silver Lake Dr
  • Address - House Number: 5230
  • Address - Street Name: Silver Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Palatka
  • Carrier Code: R007
  • 4-Digit Zip Code: 8524
  • Zip Code: 32177

Valuation

    Tax

  • Total Area: 1,400
  • Tax Year: 2023
  • Tax Amount: $186,769

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 101,603
  • High Value: 148,692
  • Low Value: 54,513

    Market Valuation

  • Market Total Value: $106,910
  • Market Land Value: $13,800
  • Market Improvement Value: $93,110

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,910
  • Assessed Land Value: $13,800
  • Assessed Improvements Value: $93,110

    Sales

  • Current Sale Contract Date: Sep 18, 2013
  • Current Sale Recording Date: Oct 14, 2013
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201354782614
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 Putnam

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$189

Below Asking

0.04%

Average Days on Market

97

Average Home Size

1769 ft²

Average Home Age

45.4 years

Currently For Sale

297 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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Real MLS

Listed by: JENNIFER FORTNER, COLDWELL BANKER BEN BATES INC
Last Updated: 3 years ago
Data Source: Real MLS, MLS# 1068735
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 5230 Silver Lake Drive built and last sold?
The property at 5230 Silver Lake Drive was built in 1963 and last sold on Sep 18, 2013 for $0.
How much is this home worth?
The estimated value of the home located at 5230 Silver Lake Drive is $0.
What are some comparable homes to 5230 Silver Lake Drive?
There are currently no comparable homes to 5230 Silver Lake Drive.
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