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Nassau Village-Ratliff 32011 Nassau Village-Ratliff
54289 POINT SOUTH Drive
$85,000
● Mobile Manufactured - Off Market

54289 POINT SOUTH Drive

Callahan, FL 32011
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
963 Ft²
$115,679
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

This is an INVESTOR SPECIAL CASH ONLY SALE. This older manufactured home is in need of serious TLC. The land this home sits on is very nice, sitting out of Callahan and not in a flood zone, beautiful live oak trees and it back up to a forest so no foreseen development in the near future. Sitting in a very quiet neighborhood yet close to shopping, schools, Jax and the beaches of Amelia Island. You could either restore this home for a rental, restore and move in or tear it down and put another home in its place.
Unit Size
963 Ft²
Days on Market
64 days
Land Size
-
Price per sqft
$109
Property Type
Mobile Manufactured
Property Taxes
-
HOA Dues
-
Year Built
1983

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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%.

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: 2 years ago (Real MLS #1134626)

Price History

Date / Event Date Event Price
Dec 15, 2021 Sold
Premium
Sold
Oct 4, 2021 Listed by FERNANDINA BEACH REALTY $105,000
Listed by FERNANDINA BEACH REALTY
Feb 19, 2004 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 33
  • Exterior Walls Type: 15
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 6
  • Garage Type: 3
  • Garage Square Area: 364
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,561
  • Total Building Area: 936
  • Gross Building Area: 936
  • Building Area: 936
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 936
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POINT SOUTH UN 04
  • Land Acres: 0000001000
  • Standard Land Use Code: 1006
  • County Land Use Code: 0200
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 5 1983 PRIN DW/MH ESMT IN OR 366/418 POINT SOUTH 4 PB 4/111 & 112

Neighborhood

  • School District Name: Nassau County School District
  • Census Tract: 050505

Zoning

  • Zoning: OR

Geography

  • Assessors Map Reference: MAP 3E/37W
  • District: 06
  • Subdivision Tract Number: 5
  • Parcel: 37-1N-25-299O-0005-0000
  • Block: 1
  • Lot: 5
  • Meridian: SEC 37 TWN 01N RNG 25E
  • Municipality: DRAIN DIST
  • Latitude: 30.5142
  • Longitude: -81.7871

    Address

  • Full Address: 54289 Point South Dr
  • Address - House Number: 54289
  • Address - Street Name: Point South
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Callahan
  • Carrier Code: R004
  • 4-Digit Zip Code: 7820
  • Zip Code: 32011

Valuation

    Tax

  • Total Area: 1,135
  • Tax Year: 2023
  • Tax Amount: $151,041
  • Tax Rate Code Area: 6

    Appraisal Valuation

  • Standard Deviation: 0.1982
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 133,474
  • High Value: 159,930
  • Low Value: 107,018

    Market Valuation

  • Market Total Value: $99,495
  • Market Land Value: $45,000
  • Market Improvement Value: $54,495

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $99,495
  • Assessed Land Value: $45,000
  • Assessed Improvements Value: $54,495

    Sales

  • Current Sale Contract Date: Dec 07, 2021
  • Current Sale Recording Date: Dec 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 46205
  • Previous Sale Recording Date: Feb 19, 2004
  • Previous Sale Contract Date: Feb 19, 2004
  • Previous Sale Amount: $3,000
  • 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 Nassau Village-Ratliff

Stats & Trends

Median Asking:

$379,000

Sale Price/ft²

$231

Below Asking

0.03%

Average Days on Market

75

Average Home Size

2022 ft²

Average Home Age

38.4 years

Currently For Sale

13 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

Rentals Near You

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Real MLS

Listed by: JOSEPH MICHAELS, FERNANDINA BEACH REALTY
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1134626
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 54289 Point South Drive built and last sold?
The property at 54289 Point South Drive was built in 1983 and last sold on Dec 7, 2021 for $85,000.
How much is this home worth?
The estimated value of the home located at 54289 Point South Drive is $0.
What are some comparable homes to 54289 Point South Drive?
There are currently no comparable homes to 54289 Point South Drive.
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