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Putnam
718 SEMINOLE RIDGE Road
$274,500
● House - Off Market

718 SEMINOLE RIDGE Road

Melrose, FL 32666
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,542 Ft²
$344,788
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Very well maintained CB home on Punchbowl Lake which is near and fed by Sante Fe Lake. One car attached garage as well as an attached carport. Detached two car CB garage/workshop. Potting shed has toilet, sink and electric. Kitchen, dining, living room, sun room on the lake side and a covered lakeside patio. Living room has a wood burning fireplace. Owner's suite has ceramic tile shower. Metal roof approximately two years old. Come see this home today and make it yours!
Unit Size
1,542 Ft²
Days on Market
53 days
Land Size
-
Price per sqft
$211
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1955

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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: 6 months ago (Real MLS #1197610)

Price History

Date / Event Date Event Price
Dec 16, 2022 Sold
Premium
Sold
Oct 24, 2022 Listed by FLORIDA HOMES REALTY & MTG LLC $325,000
Listed by FLORIDA HOMES REALTY & MTG LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 7
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 910
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,651
  • Lot Size Depth Feet: 1,490
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,352
  • Gross Building Area: 1,352
  • Building Area: 1,352
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 8
  • Heated Square Feet: 1,352
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000520
  • Standard Land Use Code: 1001
  • County Land Use Code: 00100
  • State Land Use Code: 01
  • Legal Description 1: PT OF GOVT LOT 5 OR17 P299 OR270 P426 OR1005 P1713 (MAP 13/18A)

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950300

Geography

  • Account Number: 71490
  • Parcel: 18-09-23-0000-0010-0000
  • Lot: 5
  • Meridian: SEC 18 TWN 09S RNG 23E
  • Municipality: SUWANNEE WMD
  • Latitude: 29.7158
  • Longitude: -82.0489

    Address

  • Full Address: 718 Seminole Ridge Rd
  • Address - House Number: 718
  • Address - Street Name: Seminole Ridge
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Melrose
  • Carrier Code: R002
  • 4-Digit Zip Code: 3912
  • Zip Code: 32666

Valuation

    Tax

  • Total Area: 2,201
  • Tax Year: 2023
  • Tax Amount: $363,385
  • Tax Rate Code Area: 004

    Appraisal Valuation

  • Standard Deviation: 0.4634
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 7
  • Final Value: 141,063
  • High Value: 206,441
  • Low Value: 75,684

    Market Valuation

  • Market Total Value: $204,960
  • Market Land Value: $31,020
  • Market Improvement Value: $173,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $204,960
  • Assessed Land Value: $31,020
  • Assessed Improvements Value: $173,940

    Sales

  • Current Sale Contract Date: Dec 08, 2022
  • Current Sale Recording Date: Dec 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 29470
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 Putnam

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$188

Below Asking

0.04%

Average Days on Market

97

Average Home Size

1772 ft²

Average Home Age

45.5 years

Currently For Sale

298 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 436 Se 4th Avenue, MELROSE, FL, 32666

$2,595 /mo

  • 3 Beds
  • 2 Baths
  • 2,945 ft²
436 Se 4th Avenue, MELROSE, FL, 32666 Listing by Jessica Williams

Rentals Near You

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

Listed by: MELISSA B PELLERITO, FLORIDA HOMES REALTY & MTG LLC
Last Updated: 6 months ago
Data Source: Real MLS, MLS# 1197610
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 718 Seminole Ridge Road built and last sold?
The property at 718 Seminole Ridge Road was built in 1955 and last sold on Dec 8, 2022 for $274,500.
How much is this home worth?
The estimated value of the home located at 718 Seminole Ridge Road is $323,203.
What are some comparable homes to 718 Seminole Ridge Road?
There are currently no comparable homes to 718 Seminole Ridge Road.
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