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DeSoto 34266
5309 NE County Road 660
$505,000
● Land - Off Market

5309 NE County Road 660

ARCADIA, FL 34266
bedrooms
Studio
bathrooms
0 Bath
$3,070
Est. Monthly
2.25%
Cap Rate

About This Property

Beautiful 38 acre lot with 9 acres designated wetlands. Current use is pasture land, but what a Great location for a blueberry farm! Property features a manufactured home with 2 beds/2 baths. The manufactured home adds no value to the property and is being sold as-is with no repairs. Property is completely fenced and includes two outbuildings. In the rear of the property, there are cows that do not belong to the sellers, land is leased for AG exemption. Property is not located in a Flood zone!
Unit Size
-
Days on Market
460 days
Land Size
38.09 acres
Price per sqft
-
Property Type
Land
Property Taxes
$128
HOA Dues
-
Year Built
1988

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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 #A4567126)

Price History

Date / Event Date Event Price
Jul 24, 2024 Sold
Premium
Sold
May 24, 2024 In contract -
In contract
Feb 21, 2024 Price Decreased $599,000
↓ $101K (14.4%)
Price Decreased
Apr 21, 2023 Listed by STARLINK REALTY $699,900
Listed by STARLINK REALTY
Jul 21, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 15
  • Interior Walls Type: 20
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 10
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 129
  • Pool Type: 0
  • Location Influence Type: 211

    Dimensions

  • Lot Size Square Feet: 1,659,200
  • Total Building Area: 864
  • Gross Building Area: 941
  • Building Area: 941
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Land Acres: 0000038090
  • Standard Land Use Code: 7012
  • County Land Use Code: 006100
  • State Land Use Code: 61
  • Mobile Home Indicator: T
  • Legal Description 1: S1/2 OF N1/2 OF NE1/4 & SE1/4 OF NE1/4 OF NW1/4 LESS W 11.81 AC TO PARCEL 0010 OR 551/469 OR 553/1812

Neighborhood

  • School District Name: DeSoto County School District
  • Census Tract: 010101

Zoning

  • Zoning: A-5

Geography

  • Subdivision Tract Number: 0000
  • Parcel: 17-37-25-0000-0012-0000
  • Meridian: SEC 17 TWN 37S RNG 25E
  • Municipality: UNINC CO
  • Latitude: 27.264
  • Longitude: -81.8253

    Address

  • Full Address: 5309 Ne County Road 660
  • Address - House Number: 5309
  • Street Direction: NE
  • Address - Street Name: County Road 660
  • State: FL
  • City Name: Arcadia
  • Carrier Code: R004
  • 4-Digit Zip Code: 5752
  • Zip Code: 34266

Valuation

    Tax

  • Total Area: 891
  • Tax Year: 2022
  • Tax Amount: $153,719
  • Tax Rate Code Area: 007

    Market Valuation

  • Market Total Value: $384,346
  • Market Land Value: $316,720
  • Market Improvement Value: $67,626

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $94,984

    Sales

  • Current Sale Contract Date: Jul 15, 2004
  • Current Sale Recording Date: Jul 21, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2004007527
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 DeSoto

Stats & Trends

Median Asking:

$305,000

Sale Price/ft²

$208

Below Asking

0.03%

Average Days on Market

86

Average Home Size

1841 ft²

Average Home Age

38.5 years

Currently For Sale

129 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 234 Providence Street, ARCADIA, FL, 34266

$1,600 /mo

  • 3 Beds
  • 1 Bath
  • 1,169 ft²
234 Providence Street, ARCADIA, FL, 34266 Listing by Jessica Ritch
Unit for rent at 4519 Ne County Road 660, ARCADIA, FL, 34266

$1,650 /mo

  • 2 Beds
  • 1 Bath
  • 1,121 ft²
4519 Ne County Road 660, ARCADIA, FL, 34266 Listing by Darrell Williamson

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Kenneth Bracher
STARLINK REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4567126
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 5309 Northeast County Rd 660 built and last sold?
The property at 5309 Northeast County Rd 660 was built in 1988 and last sold on Jul 15, 2004 for $295,000.
How much is this home worth?
The estimated value of the home located at 5309 Northeast County Rd 660 is $0.
What are some comparable homes to 5309 Northeast County Rd 660?
There are currently no comparable homes to 5309 Northeast County Rd 660.
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