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Welaka 32193
583 RIVER HILL Drive
$205,990
● House - Off Market

583 RIVER HILL Drive

Welaka, FL 32193
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,818 Ft²
$226,940
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Prepare to be impressed by this DELIGHTFUL New home in the River Hill Community! The desirable Brandywine Plan features an open living room that flows into a well-appointed kitchen. The Kitchen features gorgeous cabinets, granite countertops, and Stainless-Steel Steel Appliances (Refrigerator, Range with hood, and Dishwasher). The primary suite has a private bath with dual vanity sinks and a roomy walk-in closet. This desirable plan also comes complete with a 2-car garage.
Unit Size
1,818 Ft²
Days on Market
-
Land Size
-
Price per sqft
$113
Property Type
House
Property Taxes
-
HOA Dues
$11
Year Built
-

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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 #1110487)

Price History

Date / Event Date Event Price
Jan 7, 2022 Sold
Premium
Sold
May 17, 2021 Listed by WJH BROKERAGE FL LLC $205,990
Listed by WJH BROKERAGE FL LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELAKA VILLAGE
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 00
  • Legal Description 1: WELAKA VILLAGE UNIT 2 REPLAT MB7 P4 LOT 38

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 951300

Geography

  • Account Number: 99333
  • Parcel: 03-12-26-9242-0000-0380
  • Lot: 38
  • Meridian: SEC 03 TWN 12S RNG 26E
  • Municipality: TOWN OF WELAKA
  • Latitude: 29.4792
  • Longitude: -81.6561

    Address

  • Full Address: 583 River Hill Dr
  • Address - House Number: 583
  • Address - Street Name: River Hill
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Welaka
  • Carrier Code: H010
  • 4-Digit Zip Code: 2218
  • Zip Code: 32193

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $472,188
  • Tax Rate Code Area: 050

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 269,065
  • High Value: 393,767
  • Low Value: 144,362

    Market Valuation

  • Market Total Value: $259,630
  • Market Land Value: $15,000
  • Market Improvement Value: $244,630

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $247,230

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 23, 2021
  • Current Sale Recording Date: Jan 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 489
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 Welaka

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$240

Below Asking

0.04%

Average Days on Market

68

Average Home Size

1879 ft²

Average Home Age

41.6 years

Currently For Sale

11 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 99 Broad River Place, Welaka, FL, 32193

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,328 ft²
99 Broad River Place #1301, Welaka, FL, 32193 Listing by MARY BURNETT
Unit for rent at 295 Maxwell Drive, Welaka, FL, 32193

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,873 ft²
295 Maxwell Drive, Welaka, FL, 32193 Listing by MARY BURNETT

Rentals Near You

Click here to view more rentals in the neighborhood.
Real MLS

Listed by: KATHY JO BROOKS, WJH BROKERAGE FL LLC
Last Updated: 3 years ago
Data Source: Real MLS, MLS# 1110487
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 583 River Hill Drive built and last sold?
The property at 583 River Hill Drive was built in and last sold on Dec 23, 2021 for $205,990.
How much is this home worth?
The estimated value of the home located at 583 River Hill Drive is $0.
What are some comparable homes to 583 River Hill Drive?
There are currently no comparable homes to 583 River Hill Drive.
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