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Chipley 32428
645 Grove Street
Photo of 645 Grove Street
Sold on Jan 10, 2019

16

Map

Photo of 645 Grove Street
Photo of 645 Grove Street
$11,000
● Land - Off Market

645 Grove Street

Chipley, FL 32428
bedrooms
Studio
bathrooms
0 Bath
$21,276
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

This .5 Acre Commercial Zoned Parcel, is ready for new owners.

The lot has a power pole and a 20'x20' Workshop that could be turned into an efficiency or office space.

It is plumbed for services but no water or sewer is on site. Can be connected.

This is a prime location and has lots potential.  Consists of 3 city lots totaling just over 1/2 acre

Call today to schedule your private tour.
Unit Size
-
Days on Market
42 days
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
2004

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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: 26 days ago ( #677937)

Price History

Date / Event Date Event Price
Jan 14, 2019 Sold
Premium
Sold
Nov 23, 2018 Listed by Keller Williams Success Realty $14,000
Listed by Keller Williams Success Realty
Dec 14, 2017 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Business/Commerical Units Count: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,998
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 1,520
  • Total Building Area: 480
  • Gross Building Area: 480
  • Building Area: 480
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 400
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 4
  • Property Class: O
  • Subdivision: MCGEACHY ADD/CHIPLEY
  • Land Acres: 0000000505
  • Standard Land Use Code: 3000
  • County Land Use Code: 1700
  • State Land Use Code: 1700
  • Legal Description 1: 4 4 13 ORB 1135 P 206 LOTS 62, 63, 64 MC/A

Neighborhood

  • School District Name: Washington County School District
  • Census Tract: 970103

Geography

  • Parcel: 00000000-00-1541-0000
  • Lot: 62-64
  • Meridian: SEC 04 TWN 04S RNG 13W
  • Municipality: CITY OF CHIPLEY
  • Latitude: 30.7839
  • Longitude: -85.5481

    Address

  • Full Address: 645 Grove St
  • Address - House Number: 645
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: FL
  • City Name: Chipley
  • Carrier Code: C001
  • 4-Digit Zip Code: 1003
  • Zip Code: 32428

Valuation

    Tax

  • Total Area: 405
  • Tax Year: 2022
  • Tax Amount: $36,243
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 0002

    Market Valuation

  • Market Total Value: $17,463
  • Market Land Value: $6,000
  • Market Improvement Value: $11,463

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $17,463
  • Assessed Land Value: $6,000
  • Assessed Improvements Value: $11,463

    Sales

  • Current Sale Contract Date: Jan 10, 2019
  • Current Sale Recording Date: Jan 14, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201967000343
  • Previous Sale Recording Date: Dec 14, 2017
  • Previous Sale Contract Date: Nov 28, 2017
  • Previous Sale Amount: $11,500
  • 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 Chipley

Stats & Trends

Median Asking:

$181,950

Sale Price/ft²

$113

Below Asking

0.02%

Average Days on Market

70

Average Home Size

2225 ft²

Average Home Age

74.6 years

Currently For Sale

16 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

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 645 Grove Street built and last sold?
The property at 645 Grove Street was built in 2004 and last sold on Jan 10, 2019 for $11,000.
How much is this home worth?
The estimated value of the home located at 645 Grove Street is $14,140.
What are some comparable homes to 645 Grove Street?
There are currently no comparable homes to 645 Grove Street.
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