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DeFuniak Springs 32435
608 Circle Drive
$460,000
● House - Off Market

608 Circle Drive

DeFuniak Springs, FL 32435
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,280 Ft²
$2,505
Est. Monthly

About This Property

Well here is a chance to own a historic home built in 1921 on Circle Drive in Lake Defuniak.  This large home is a two story home with a full 2280 sq ft basement, making this 6,800 interior sq. footage. This home is the closest thing to getting an original 1921 home in 2022!  It boosts 6 foot windows has 9.5 ft bead board ceilings, 10 inch baseboards, 8 foot wide hallway, hardwood floors, heard pine stairs, 3 fireplaces, clawfoot tubs, over 1000 sp ft of patios.  This home has great bones!  It needs some TLC to make it shine back to its former glory but this home would be special!
Unit Size
2,280 Ft²
Days on Market
91 days
Land Size
0.17 acres
Price per sqft
$224
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1900

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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 (ECAR #909735)

Price History

Date / Event Date Event Price
Jan 9, 2024 Sold
Premium
Sold
Oct 8, 2022 Listed by Newman Dailey Resort Properties $510,000
Listed by Newman Dailey Resort Properties

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 9
  • Basement Area: 2,280
  • Garage Type: 7
  • Garage Square Area: 624
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 6,980
  • Gross Building Area: 6,980
  • Building Area: 6,980
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 12
  • Heating: 19
  • Heated Square Feet: 6,980
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOWN OF DEFUNIAK
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: W1/2 OF LOT 163 + E1/2 OF LOT 164 TOWN OF DEFUNIAK

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950201

Zoning

  • Zoning: HD1

Geography

  • Assessors Map Reference: N3-25-19
  • Parcel: 25-3N-19-19070-000-1630
  • Block: 16
  • Lot: 163
  • Meridian: SEC 25 TWN 03N RNG 019
  • Municipality: DEFUNIAK
  • Latitude: 30.7152
  • Longitude: -86.1094

    Address

  • Full Address: 608 Circle Dr
  • Address - House Number: 608
  • Address - Street Name: Circle
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Defuniak Springs
  • Carrier Code: C001
  • 4-Digit Zip Code: 2512
  • Zip Code: 32435

Valuation

    Tax

  • Total Area: 6,692
  • Tax Year: 2022
  • Tax Amount: $29,441
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1876
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 444,906
  • High Value: 528,411
  • Low Value: 361,400

    Market Valuation

  • Market Total Value: $271,402
  • Market Land Value: $80,310
  • Market Improvement Value: $191,092

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $92,893

    Sales

  • Current Sale Contract Date: Jan 04, 2024
  • Current Sale Recording Date: Jan 09, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 899
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 DeFuniak Springs

Stats & Trends

Median Asking:

$246,500

Sale Price/ft²

$158

Below Asking

0.02%

Average Days on Market

69

Average Home Size

1704 ft²

Average Home Age

42.2 years

Currently For Sale

87 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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ECAR

Listed by: James P Duren, Newman Dailey Resort Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 909735
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.

Frequently Asked Questions

When was property at 608 Circle Drive built and last sold?
The property at 608 Circle Drive was built in 1900 and last sold on Jan 4, 2024 for $460,000.
How much is this home worth?
The estimated value of the home located at 608 Circle Drive is $0.
What are some comparable homes to 608 Circle Drive?
There are currently no comparable homes to 608 Circle Drive.
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