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Destin 32541
815 Willow Street
$100,000
● House - Off Market

815 Willow Street

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,232 Ft²
$238,121
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model

About This Property

One of the lowest priced homes in Destin on 2 lots. I'm not sure if you would be able to build on 2nd lot or subdivide as the home is built right up to the lot line. You would need a variance at the very least, buyer should verify with the City of Destin. This home has a lot of potential, it just needs some TLC. Very conveniently located to everything. Great starter home or investment. Home is leased for $895/month until 9-30-13.
Unit Size
1,232 Ft²
Days on Market
-
Land Size
-
Price per sqft
$97
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2022

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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 #581053)

Price History

Date / Event Date Event Price
May 5, 2021 Sold
Premium
Sold
Sep 19, 2019 Sold
Premium
Sold
Aug 13, 2019 No longer available -
No longer available
Aug 12, 2019 Listed by ERA American Real Estate $185,000
Listed by ERA American Real Estate
May 31, 2013 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 260
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,499
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,048
  • Gross Building Area: 3,048
  • Building Area: 2,608
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 19
  • Heated Square Feet: 2,608
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CALHOUN S/D
  • Land Acres: 0000000195
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CALHOUN S/D DESTIN RE S/D PART BLK D LOT 3 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023306

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0311-000A-0020
  • Block: D,A
  • Lot: 3
  • Municipality: DESTIN
  • Latitude: 30.403
  • Longitude: -86.5055

    Address

  • Full Address: 815 Willow St
  • Address - House Number: 815
  • Address - Street Name: Willow
  • Address - Suffix Type: St
  • State: FL
  • City Name: Destin
  • Carrier Code: C001
  • 4-Digit Zip Code: 1540
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,805
  • Tax Year: 2023
  • Tax Amount: $651,967
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.4855
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 2
  • Final Value: 196,227
  • High Value: 291,499
  • Low Value: 100,954

    Market Valuation

  • Market Total Value: $545,754
  • Market Land Value: $106,613
  • Market Improvement Value: $439,141

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $545,754
  • Assessed Land Value: $106,613
  • Assessed Improvements Value: $439,141

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: May 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3452405
  • Previous Sale Recording Date: Sep 19, 2019
  • Previous Sale Contract Date: Sep 13, 2019
  • Previous Sale Amount: $181,000
  • 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 Destin

Stats & Trends

Median Asking:

$539,995

Sale Price/ft²

$369

Below Asking

0.03%

Average Days on Market

79

Average Home Size

1782 ft²

Average Home Age

31.2 years

Currently For Sale

749 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: Reba L Hudspeth, ERA American Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 581053
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 815 Willow Street built and last sold?
The property at 815 Willow Street was built in 2022 and last sold on Apr 30, 2021 for $212,000.
How much is this home worth?
The estimated value of the home located at 815 Willow Street is $0.
What are some comparable homes to 815 Willow Street?
There are currently no comparable homes to 815 Willow Street.
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