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Destin 32541
720 Planet Drive
$251,000
● House - Off Market

720 Planet Drive

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,610 Ft²
$425,248
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

WHY SPEND A FORTUNE WHEN YOU DON'T HAVE TO? Rare & unique 3 bedroom home in the heart of Destin, located in a quiet residential neighborhood in the heart of Destin, near schools and shopping. Situated on a huge lot with oaks and pines throughout. Very spacious floor plan with built-in stone fireplace and oversized garage. Must see to appreciate.
Unit Size
1,610 Ft²
Days on Market
-
Land Size
0.55 acres
Price per sqft
$155
Property Type
House
Property Taxes
$213
HOA Dues
-
Year Built
1981

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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 (ECAR MLS #747044)

Price History

Date / Event Date Event Price
Sep 29, 2017 Sold
Premium
Sold
May 25, 2016 Sold
Premium
Sold
Feb 23, 2016 Listed by Emerald Coast Properties Inc $249,000
Listed by Emerald Coast Properties Inc

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 546
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,000
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 2,786
  • Gross Building Area: 2,786
  • Building Area: 1,610
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,610
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORENO ACRES S/D
  • Land Acres: 0000000551
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: MORENO ACRES S/D LOT 2 BLK F

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023305

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-1650-000F-0020
  • Block: F
  • Lot: 2
  • Municipality: DESTIN
  • Latitude: 30.411
  • Longitude: -86.4838

    Address

  • Full Address: 720 Planet Dr
  • Address - House Number: 720
  • Address - Street Name: Planet
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C008
  • 4-Digit Zip Code: 1825
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,947
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1955
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 568,838
  • High Value: 680,086
  • Low Value: 457,590

    Market Valuation

  • Market Total Value: $454,276
  • Market Land Value: $160,001
  • Market Improvement Value: $294,275

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $248,708

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2017
  • Current Sale Recording Date: Sep 29, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3162768
  • Previous Sale Recording Date: May 25, 2016
  • Previous Sale Contract Date: May 18, 2016
  • Previous Sale Amount: $251,000
  • Previous Sale Document Type: 54
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 Destin

Stats & Trends

Median Asking:

$549,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

79

Average Home Size

1803 ft²

Average Home Age

31 years

Currently For Sale

738 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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ECAR

Listed by: Howard B Dolgoff, Emerald Coast Properties Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 747044
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 720 Planet Drive built and last sold?
The property at 720 Planet Drive was built in 1981 and last sold on Sep 25, 2017 for $320,000.
How much is this home worth?
The estimated value of the home located at 720 Planet Drive is $275,271.
What are some comparable homes to 720 Planet Drive?
There are currently no comparable homes to 720 Planet Drive.
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