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Destin 32541 Spring Lake
727 LEGION Drive
$231,500
● House - Off Market

727 LEGION Drive

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,566 Ft²
$439,745
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Well kept, nicely updated 3 Bedroom/2 Bath open floor plan home located in the heart of downtown Destin. Stainless Steel appliances in kitchen and tile floor in all main living areas. Crown molding throughout, including bedrooms. Large backyard with deck, BBQ, and separate workshop area with power and ventilation. Across the street from park and tennis courts and located close to schools, shopping, and churches.
Unit Size
1,566 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$158
Property Type
House
Property Taxes
$95
HOA Dues
-
Year Built
1978

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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 #724254)

Price History

Date / Event Date Event Price
Oct 20, 2017 Sold
Premium
Sold
Jun 17, 2015 Sold
Premium
Sold
Mar 2, 2015 Listed by Mainsail Realty Company $247,000
Listed by Mainsail Realty Company

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • 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: 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: 266
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,753
  • Lot Size Frontage Feet: 860
  • Total Building Area: 2,060
  • Gross Building Area: 2,060
  • Building Area: 1,566
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,566
  • 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: 0000000247
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SPRING LAKE 2ND ADD LOT 17 BLK J

Neighborhood

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

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-2371-000J-0170
  • Block: J
  • Lot: 17
  • Municipality: DESTIN
  • Latitude: 30.3972
  • Longitude: -86.4859

    Address

  • Full Address: 727 Legion Dr
  • Address - House Number: 727
  • Address - Street Name: Legion
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C010
  • 4-Digit Zip Code: 2509
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 1,780
  • Tax Year: 2023
  • Tax Amount: $233,490
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2627
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 417,403
  • High Value: 527,067
  • Low Value: 307,738

    Market Valuation

  • Market Total Value: $326,882
  • Market Land Value: $117,943
  • Market Improvement Value: $208,939

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $233,989

    Sales

  • Current Sale Contract Date: Oct 09, 2017
  • Current Sale Recording Date: Oct 20, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3167484
  • Previous Sale Recording Date: Jun 17, 2015
  • Previous Sale Contract Date: Jun 12, 2015
  • Previous Sale Amount: $231,500
  • 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 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

Rentals Near You

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ECAR

Listed by: Patrick Wilson, Mainsail Realty Company
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 724254
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 727 Legion Drive built and last sold?
The property at 727 Legion Drive was built in 1978 and last sold on Oct 9, 2017 for $237,000.
How much is this home worth?
The estimated value of the home located at 727 Legion Drive is $0.
What are some comparable homes to 727 Legion Drive?
There are currently no comparable homes to 727 Legion Drive.
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