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Alachua
6034 ISLAND Road
$150,000
● House - Off Market

6034 ISLAND Road

Melrose, FL 32666
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,228 Ft²
$241,903
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Are you looking for a Lake Santa Fe home, but the prices are too high for your budget. This home, which is priced to sell, might be the answer. It is located on the Lake Santa Fe Melrose canal with a straight shot to big Lake Santa Fe. Living on the canal gives you full access to all the lake services at a reduced price. The home is about 1200 Sq. Ft. with a 350+ Sq. Ft. sun room. The house is tiled throughout with ''newer'' appliances and a three year old roof. This Venetian Brick home is low maintenance and perfect as a primary home or that lake get away. But, don't forget the Lake. Lake Santa Fe is the crown jewel of North Central Florida lakes. It is a 6,000 acre full services lake that is perfect for all kinds of water sports. The home is located east of Melrose allowing a short drive drive
Unit Size
1,228 Ft²
Days on Market
-
Land Size
-
Price per sqft
$129
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1970

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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: 2 years ago (Real MLS #960970)

Price History

Date / Event Date Event Price
Dec 17, 2018 Sold
Premium
Sold
Oct 5, 2018 Listed by CB ISAAC REALTY $159,000
Listed by CB ISAAC REALTY
Feb 29, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 3
  • Garage Square Area: 276
  • Parking Space Count: 1
  • Patio Type: 92
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,087
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,144
  • Gross Building Area: 1,144
  • Building Area: 1,144
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,144
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CANAL SHORES S/D
  • Land Acres: 0000000530
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 001
  • Legal Description 1: CANAL SHORES OR 88/676 LOT 9 BK A OR 4650/1665

Neighborhood

  • School District Name: Alachua County School District
  • Census Tract: 001907

Zoning

  • Zoning: A

Geography

  • Parcel: 18772-009-000
  • Lot: 9
  • Meridian: SEC 13 TWN 09S RNG 22E
  • Municipality: SUWANNEE
  • Latitude: 29.7109
  • Longitude: -82.0654

    Address

  • Full Address: 6034 Island Rd
  • Address - House Number: 6034
  • Address - Street Name: Island
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Melrose
  • Carrier Code: R002
  • 4-Digit Zip Code: 6129
  • Zip Code: 32666

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $224,474
  • Tax Rate Code Area: 0300

    Appraisal Valuation

  • Standard Deviation: 0.2263
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 68
  • Final Value: 280,837
  • High Value: 344,417
  • Low Value: 217,258

    Market Valuation

  • Market Total Value: $169,618
  • Market Land Value: $60,000
  • Market Improvement Value: $229,618

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $133,348

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 10, 2018
  • Current Sale Recording Date: Dec 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3164405
  • Previous Sale Recording Date: Feb 29, 2012
  • Previous Sale Contract Date: Feb 29, 2012
  • Previous Sale Amount: $100
  • Previous Sale Document Type: 27
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 Alachua

Stats & Trends

Median Asking:

$334,900

Sale Price/ft²

$198

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1828 ft²

Average Home Age

31.9 years

Currently For Sale

1202 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: IRA DEAN SMITH, CB ISAAC REALTY
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 960970
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 6034 Island Road built and last sold?
The property at 6034 Island Road was built in 1970 and last sold on Dec 10, 2018 for $150,000.
How much is this home worth?
The estimated value of the home located at 6034 Island Road is $0.
What are some comparable homes to 6034 Island Road?
There are currently no comparable homes to 6034 Island Road.
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