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Flagler 32174
725 Boice LANE
$105,000
● Land - Off Market

725 Boice LANE

ORMOND BEACH, FL 32174
bedrooms
Studio
bathrooms
0 Bath
$143,055
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

5 or 10 Acres in low tax Flagler County with Ormond Beach address, 2 adjacent parcels available, separate owners. 725 Boice Lane is 5 acres on a graded road that has deep ditch drainage, only 14 miles from the ocean. Zoned agricultural so bring your critters. There are walking and dirt bike paths under a healthy canopy of shade trees. Survey is available, otherwise this property is untouched and ready for your dream home or make it a 10 acre ranch with the adjacent 5 acre parcel, 605 Boice Lane. Deed restricted, no mobile homes allowed.
Unit Size
-
Days on Market
148 days
Land Size
5.06 acres
Price per sqft
-
Property Type
Land
Property Taxes
$61
HOA Dues
-
Year Built
-

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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: 3 years ago (Stellar MLS #FC266324)

Price History

Date / Event Date Event Price
Sep 10, 2021 Sold
Premium
Sold
Apr 4, 2021 Listed by REALTY PROS ASSURED, LLC $125,000
Listed by REALTY PROS ASSURED, LLC
Nov 3, 2019 No longer available -
No longer available
Sep 3, 2018 Listed $82,000
Listed
Quiet, rural 5 acre wooded plot ready for a new owner to enjoy. Private area full of nature within the city limits of Ormond Beach, but with Flagler County taxes! Although remote, city convenience is nearby.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000005000
  • Standard Land Use Code: 8000
  • County Land Use Code: 00000
  • State Land Use Code: 0000
  • Legal Description 1: 5.00 AC S 1/2 OF NE 1/4 OF SE 1/4 OF NW 1/4 OR 1181/1330

Neighborhood

  • School District Name: Flagler County School District
  • Census Tract: 080807

Zoning

  • Zoning: AC

Geography

  • Parcel: 08-14-31-0000-01020-0012
  • Block: 102
  • Lot: 12
  • Meridian: SEC 08 TWN 14S RNG 31E
  • Municipality: UNINCORPORATED
  • Latitude: 29.3033
  • Longitude: -81.1936

    Address

  • Full Address: 725 Boice Ln
  • Address - House Number: 725
  • Address - Street Name: Boice
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Ormond Beach
  • Zip Code: 32174

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $123,565
  • Tax Rate Code Area: 005

    Market Valuation

  • Market Total Value: $87,500
  • Market Land Value: $87,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $87,500
  • Assessed Land Value: $87,500

    Sales

  • Current Sale Contract Date: Aug 30, 2021
  • Current Sale Recording Date: Sep 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021049669

    Financing

  • First Mortgage Financing Type: ADJ
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 Flagler

Stats & Trends

Median Asking:

$379,900

Sale Price/ft²

$201

Below Asking

0.03%

Average Days on Market

78

Average Home Size

2061 ft²

Average Home Age

15.6 years

Currently For Sale

2022 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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STELLAR

Listed by: Renata Rosander
REALTY PROS ASSURED, LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# FC266324
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. 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 725 Boice Lane built and last sold?
The property at 725 Boice Lane was built in and last sold on Aug 30, 2021 for $105,000.
How much is this home worth?
The estimated value of the home located at 725 Boice Lane is $226,240.
What are some comparable homes to 725 Boice Lane?
There are currently no comparable homes to 725 Boice Lane.
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