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Destin 32541 Spring Lake
709 Elise Lane
$229,000
● House - Off Market

709 Elise Lane

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,659 Ft²
$407,699
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Check out this BANK OWNED home in Destin! Great location, close to schools, restaurants, parks and close to Destin Harbor. Large lot with pretty trees. Ask about possible Seller Financing. ***Buyer is responsible for personally verifying details about this property. Any information contained in this listing is believed to be accurate but is not guaranteed.***
Unit Size
1,659 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$138
Property Type
House
Property Taxes
$172
HOA Dues
-
Year Built
1988

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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 MLS #729105)

Price History

Date / Event Date Event Price
Jun 9, 2015 Sold
Premium
Sold
May 6, 2015 Listed by Davis Properties Of Nw Fl $229,000
Listed by Davis Properties Of Nw Fl
Sep 9, 2014 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 667
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,851
  • Lot Size Frontage Feet: 1,030
  • Total Building Area: 2,308
  • Gross Building Area: 2,308
  • Building Area: 1,599
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,599
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SPRING LAKE 2ND ADD
  • Land Acres: 0000000295
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SPRING LAKE 2ND ADD LOT 3 BLK N

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023307

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-2371-000N-0030
  • Block: N
  • Lot: 3
  • Municipality: DESTIN
  • Latitude: 30.398
  • Longitude: -86.4872

    Address

  • Full Address: 709 Elise Ln
  • Address - House Number: 709
  • Address - Street Name: Elise
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Destin
  • Carrier Code: C010
  • 4-Digit Zip Code: 1954
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,979
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1686
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 467,536
  • High Value: 546,379
  • Low Value: 388,694

    Market Valuation

  • Market Total Value: $348,296
  • Market Land Value: $117,943
  • Market Improvement Value: $230,353

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $266,638

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 08, 2015
  • Current Sale Recording Date: Jun 09, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3002162
  • Previous Sale Recording Date: Sep 09, 2014
  • Previous Sale Contract Date: Sep 05, 2014
  • Previous Sale Amount: $500
  • Previous Sale Document Type: 69
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 Spring Lake

Stats & Trends

Median Asking:

$440,000

Sale Price/ft²

$271

Below Asking

0.02%

Average Days on Market

95

Average Home Size

1984 ft²

Average Home Age

46.5 years

Currently For Sale

2 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: Laurance B Davis, Davis Properties Of Nw Fl
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 729105
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 709 Elise Lane built and last sold?
The property at 709 Elise Lane was built in 1988 and last sold on Jun 8, 2015 for $229,000.
How much is this home worth?
The estimated value of the home located at 709 Elise Lane is $0.
What are some comparable homes to 709 Elise Lane?
There are currently no comparable homes to 709 Elise Lane.
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