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Milton 32570
5324 Collins DRIVE
$80,000
● House - Off Market

5324 Collins DRIVE

MILTON, FL 32570
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,264 Ft²
$521
Est. Monthly
15.29%
Cap Rate

About This Property

Such great potential in this cute little gem!  2 bed/1 bath cottage surrounded by trees.  Lovely sun porch, light-filled living room, and eat-in kitchen.  With some work this could be your perfect starter home or rental. Close to transportation, shopping, parks and Blackwater River for outdoor adventures.  ***This property is eligible under the First Look Initiative which expires after 20 full days on market. No investor offers until first look period expires.  No offers regardless of buyer type will not be negotiated within the first 7 days of listing.***
Unit Size
1,264 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$71
Property Type
House
Property Taxes
$80
HOA Dues
-
Year Built
1940

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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 #T3469831)

Price History

Date / Event Date Event Price
Mar 21, 2024 Sold
Premium
Sold
Feb 29, 2024 In contract -
In contract
Feb 9, 2024 Price Decreased $89,900
↓ $10K (10%)
Price Decreased
Jan 23, 2024 Relisted $99,900
Relisted
Dec 29, 2023 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1950
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 1
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,540
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 920
  • Total Building Area: 1,874
  • Gross Building Area: 1,874
  • Building Area: 1,264
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,264
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWN OF MILTON
  • Land Acres: 0000000219
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: **NEWLY DESCRIBED FOR 2023*** THE WEST 1/2 OF LOT 1, BLOCK 90, TOWN OF MILTON, ACCORDING TO PLAT RECORDED IN THE OFFICE OF THE CLERK OF THE CIRCUIT COURT OF SANTA ROSACOUNTY, FLORIDA, LESS AND EXCEPT THE NORTH 105.00 FEET THERE FROM. ALL LYING AND BE

Neighborhood

  • School District Name: Santa Rosa County School District
  • Census Tract: 010602

Zoning

  • Zoning: R1A

Geography

  • Assessors Map Reference: MAP 34A PG 137A
  • Parcel: 03-1N-28-2530-09000-0012
  • Block: 90
  • Lot: 1
  • Meridian: SEC 03 TWN 1N RNG 28W
  • Municipality: MILTON
  • Latitude: 30.6281
  • Longitude: -87.0458

    Address

  • Full Address: 5324 Collins Dr
  • Address - House Number: 5324
  • Address - Street Name: Collins
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Milton
  • Carrier Code: C001
  • 4-Digit Zip Code: 4783
  • Zip Code: 32570

Valuation

    Tax

  • Total Area: 1,471
  • Tax Year: 2023
  • Tax Amount: $101,161
  • Tax Rate Code Area: 0003

    Appraisal Valuation

  • Standard Deviation: 0.0811
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 93
  • Final Value: 105,985
  • High Value: 114,591
  • Low Value: 97,380

    Market Valuation

  • Market Total Value: $73,955
  • Market Land Value: $9,420
  • Market Improvement Value: $64,535

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $73,955
  • Assessed Land Value: $9,420
  • Assessed Improvements Value: $64,535

    Sales

  • Current Sale Contract Date: Jun 28, 2023
  • Current Sale Recording Date: Jul 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 23
  • Current Sale Input Document Number: 30444
  • Previous Sale Recording Date: Jul 15, 1998
  • Previous Sale Contract Date: Jul 13, 1998
  • Previous Sale Amount: $41,500
  • 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 Milton

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$139

Below Asking

0.01%

Average Days on Market

64

Average Home Size

2215 ft²

Average Home Age

32.2 years

Currently For Sale

6 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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STELLAR

Listed by: Steven Hayden
ELIST REALTY FLORIDA LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# T3469831
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 5324 Collins Drive built and last sold?
The property at 5324 Collins Drive was built in 1940 and last sold on Jun 28, 2023 for $75,600.
How much is this home worth?
The estimated value of the home located at 5324 Collins Drive is $0.
What are some comparable homes to 5324 Collins Drive?
There are currently no comparable homes to 5324 Collins Drive.
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