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Gulf 32465
7373 County Road 381 Highway
Photo of 7373 County Road 381 Highway
Sold on May 21, 2020

1

Map

$18,000
● Land - Off Market

7373 County Road 381 Highway

Wewahitchka, FL 32465
bedrooms
Studio
bathrooms
0 Bath
$28,266
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

1.78 acres on Hwy 381. Property has an old home on it that has no value. Paved road with great proximity to the Chipola river that offers fantastic hunting and fishing. Less than 1 mile to Willis Landing. Additional 8 acres one lot over also listed.
Unit Size
-
Days on Market
58 days
Land Size
1.78 acres
Price per sqft
-
Property Type
Land
Property Taxes
$10
HOA Dues
-
Year Built
1900

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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: 25 days ago ( #681854)

Price History

Date / Event Date Event Price
May 22, 2020 Sold
Premium
Sold
Mar 29, 2019 Listed by Northwest Florida Realty, LLC $20,000
Listed by Northwest Florida Realty, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 13
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • 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: 49,232
  • Total Building Area: 2,415
  • Building Area: 1,597
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 5
  • Heating: 4
  • Heated Square Feet: 1,597
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000001130
  • Standard Land Use Code: 8001
  • County Land Use Code: 000200
  • State Land Use Code: 02
  • Legal Description 1: S 7 T 6 R 8 PORTION OF E 110 FT OF SW/4 OF SW/4 & PORTION OF SE/4 OF SW/4 N OF SR 381

Neighborhood

  • School District Name: Gulf County School District
  • Census Tract: 960102

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 153
  • Parcel: 00011-003R
  • Meridian: SEC 07 TWN 06S RNG 08W
  • Municipality: HOWARD CREEK FIRE ZONE
  • Latitude: 29.9708
  • Longitude: -85.0844

    Address

  • Full Address: 7373 County Road 381
  • Address - House Number: 7373
  • Address - Street Name: County Road 381
  • State: FL
  • City Name: Wewahitchka
  • Zip Code: 32465

Valuation

    Tax

  • Total Area: 1,941
  • Tax Year: 2023
  • Tax Amount: $42,352
  • Tax Rate Code Area: 007

    Market Valuation

  • Market Total Value: $45,290
  • Market Land Value: $33,600
  • Market Improvement Value: $11,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $24,413

    Sales

  • Current Sale Contract Date: May 21, 2020
  • Current Sale Recording Date: May 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202023002850
  • Previous Sale Recording Date: May 22, 2020
  • Previous Sale Contract Date: May 21, 2020
  • Previous Sale Amount: $18,000
  • 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 Gulf

Stats & Trends

Median Asking:

$599,750

Sale Price/ft²

$296

Below Asking

0.02%

Average Days on Market

160

Average Home Size

1742 ft²

Average Home Age

17.6 years

Currently For Sale

166 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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Frequently Asked Questions

When was property at 7373 County Rd 381 built and last sold?
The property at 7373 County Rd 381 was built in 1900 and last sold on May 21, 2020 for $18,000.
How much is this home worth?
The estimated value of the home located at 7373 County Rd 381 is $20,200.
What are some comparable homes to 7373 County Rd 381?
There are currently no comparable homes to 7373 County Rd 381.
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