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Navarre 32566 Navarre
7600 Marthas Way
$187,000
● House - Off Market

7600 Marthas Way

Navarre, FL 32566
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,019 Ft²
$335,255
RealtyHop Estimate
77.38%
Since Nov 1, 2015
National-US
Primary Model

About This Property

Immaculate One Owner Home with Updates. This home has been meticulously maintained and it shows. Starting on the outside is the PROFESSIONALLY serviced landscaping, sturdy HURRICANE SHUTTERS next to all windows, the ROOF is only a few years old, NEW GUTTERS with leaf guards, and an irrigation system keeping everything green. The AIR CONDITIONING SYSTEM was REPLACED in 2012. Inside, beautiful laminate wood flooring graces the spacious living room, FORMAL DINING, and one of the extra bedrooms with walk-in closet. The kitchen is wonderfully open with sweeping counter space, island, wide pantry, breakfast area, and all appliances stay . The master bedroom is a spacious 16'x15' with great natural light. There is also a CURRENT TERMITE BOND in place and can be transferred to the new buyer.
Unit Size
2,019 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$94
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1997

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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 #735929)

Price History

Date / Event Date Event Price
Aug 20, 2021 Sold
Premium
Sold
Jan 18, 2019 Sold
Premium
Sold
Dec 18, 2018 No longer available -
No longer available
Nov 25, 2018 Price Decreased $234,900
↓ $5K (2.1%)
Price Decreased
Nov 17, 2018 Price Increased $239,900
↑ $53K (28.3%)
Price Increased
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 13
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 476
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,060
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 810
  • Total Building Area: 2,692
  • Gross Building Area: 2,692
  • Building Area: 2,019
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,019
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARTHAS COVE 1ST AD
  • Land Acres: 0000000208
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: MARTHAS COVE-1ST ADD LOT 33 AS IN OR 4166 PG 1674

Neighborhood

  • School District Name: Santa Rosa County School District
  • Census Tract: 010821

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 212 PG 223D
  • Parcel: 24-2S-27-2366-00000-0330
  • Lot: 33
  • Meridian: SEC 24 TWN 2S RNG 27W
  • Municipality: HOLLEY-NAVARRE
  • Latitude: 30.4015
  • Longitude: -86.9054

    Address

  • Full Address: 7600 Marthas Way
  • Address - House Number: 7600
  • Address - Street Name: Marthas
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Navarre
  • Carrier Code: R024
  • 4-Digit Zip Code: 8424
  • Zip Code: 32566

Valuation

    Tax

  • Total Area: 2,302
  • Tax Year: 2023
  • Tax Amount: $281,793
  • Tax Rate Code Area: 0012

    Appraisal Valuation

  • Standard Deviation: 0.2013
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 396,504
  • High Value: 476,325
  • Low Value: 316,684

    Market Valuation

  • Market Total Value: $268,433
  • Market Land Value: $42,000
  • Market Improvement Value: $226,433

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $268,433
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $226,433

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202156330
  • Previous Sale Recording Date: Jan 18, 2019
  • Previous Sale Contract Date: Jan 17, 2019
  • Previous Sale Amount: $237,000
  • 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 Navarre

Stats & Trends

Median Asking:

$424,900

Sale Price/ft²

$218

Below Asking

0.02%

Average Days on Market

72

Average Home Size

1980 ft²

Average Home Age

13.5 years

Currently For Sale

96 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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ECAR

Listed by: Scott M Threlkeld, Century 21 Wimco Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 735929
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 7600 Marthas Way built and last sold?
The property at 7600 Marthas Way was built in 1997 and last sold on Aug 20, 2021 for $320,000.
How much is this home worth?
The estimated value of the home located at 7600 Marthas Way is $203,101.
What are some comparable homes to 7600 Marthas Way?
There are currently no comparable homes to 7600 Marthas Way.
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