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Clay
8324 MELROSE
$375,000
● House - Off Market

8324 MELROSE

Melrose, FL 32666
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,624 Ft²
$1,842
Est. Monthly

About This Property

Elegant 4/3 two story wrap around porch on 4.11 acres is situated on unique triangular property that borders timberlands. Fenced and cross fenced with a horse barn and tack shed. All bedrooms upstairs. One full BA downstairs. Formal living and dining rooms. Fireplace in family room adjoins kitchen. Large country home with Clay Co. ''A'' schools. Convenient drive to G'ville, Palatka or OP.
Unit Size
2,624 Ft²
Days on Market
-
Land Size
-
Price per sqft
$143
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1993

Payment Calculator

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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 (Real MLS #495271)

Price History

Date / Event Date Event Price
Jun 18, 2018 Sold
Premium
Sold
Apr 5, 2018 Listed by WATSON REALTY CORP $389,000
Listed by WATSON REALTY CORP
Aug 25, 2014 Sold
Premium
Sold
Jul 8, 2014 Listed by WATSON REALTY CORP $149,900
Listed by WATSON REALTY CORP
Jul 31, 2009 Listed by WATSON REALTY CORP $375,000
Listed by WATSON REALTY CORP

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 9
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 179,032
  • Total Building Area: 4,196
  • Gross Building Area: 4,196
  • Building Area: 2,624
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,624
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HUTCHINSON ACRES
  • Land Acres: 0000004110
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: PT OF SW1/4 OF NE1/4 A/K/A PRCL 6 HUTCHINSON ACS AS REC OR 4094 PG 1402

Neighborhood

  • School District Name: Clay County School District
  • Census Tract: 031104

Geography

  • Assessors Map Reference: MAP 182.00
  • Parcel: 06-09-23-005438-009-00
  • Lot: 6
  • Meridian: SEC 06 TWN 09S RNG 23E
  • Municipality: UNINCORPORATED
  • Latitude: 29.7412
  • Longitude: -82.0372

    Address

  • Full Address: 8324 Melrose Rd
  • Address - House Number: 8324
  • Address - Street Name: Melrose
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Melrose
  • Carrier Code: R003
  • 4-Digit Zip Code: 8928
  • Zip Code: 32666

Valuation

    Tax

  • Total Area: 4,196
  • Tax Year: 2022
  • Tax Amount: $21,030
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1671
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 78
  • Final Value: 602,669
  • High Value: 703,392
  • Low Value: 501,946

    Market Valuation

  • Market Total Value: $457,736
  • Market Land Value: $29,546
  • Market Improvement Value: $428,190

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $334,152

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 18, 2018
  • Current Sale Recording Date: Jun 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018031313
  • Previous Sale Recording Date: Aug 25, 2014
  • Previous Sale Contract Date: Aug 13, 2014
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: 68
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 Clay

Stats & Trends

Median Asking:

$355,400

Sale Price/ft²

$187

Below Asking

0.02%

Average Days on Market

69

Average Home Size

2045 ft²

Average Home Age

21.6 years

Currently For Sale

1488 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

Unit for rent at 436 Se 4th Avenue, MELROSE, FL, 32666

$2,595 /mo

  • 3 Beds
  • 2 Baths
  • 2,945 ft²
436 Se 4th Avenue, MELROSE, FL, 32666 Listing by Jessica Williams

Rentals Near You

Click here to view more rentals in the neighborhood.
Real MLS

Listed by: NANCY BARBERA, WATSON REALTY CORP
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 495271
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS. 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 8324 Melrose Road built and last sold?
The property at 8324 Melrose Road was built in 1993 and last sold on Jun 18, 2018 for $386,000.
How much is this home worth?
The estimated value of the home located at 8324 Melrose Road is $0.
What are some comparable homes to 8324 Melrose Road?
There are currently no comparable homes to 8324 Melrose Road.
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