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Destin 32541 Kell-Aire Gardens
862 KELL AIRE Drive
$301,000
● House - Off Market

862 KELL AIRE Drive

Destin, FL 32541
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,820 Ft²
$516,807
RealtyHop Estimate
72.27%
Since May 1, 2016
National-US
Primary Model

About This Property

Open floor plan brick ranch in West Destin with manicured landscaping and kidney shaped swimming pool is a must-see! Paver walkway leads to a pretty glass front door opening to a foyer. A cathedral beamed ceiling and abundant natural light shines on a cozy gas fireplace in living room which is separated by a column from the dining area. Kitchen with adjoining breakfast nook (and pass through) has a breakfast bar adjoining the open dining area. Arched doorways lead to heated/cooled 9' X 17' sun-room with surrounding windows and two skylights. French doors open to sparkling pool and privacy fenced yard. Both bathrooms feature granite vanities, new fixtures and new lighting. Hall bath has natural light from skylight. New roof in 2013. Kell-Aire Park and Gulf of Mexico beaches nearby.
Unit Size
1,820 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$165
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1983

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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 #743577)

Price History

Date / Event Date Event Price
Apr 29, 2016 Sold
Premium
Sold
Dec 28, 2015 Listed by Keller Williams Realty Destin $300,000
Listed by Keller Williams Realty Destin

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • 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: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 378
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 58
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,611
  • Lot Size Frontage Feet: 940
  • Total Building Area: 2,618
  • Gross Building Area: 2,618
  • Building Area: 1,820
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,820
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AIR GARDENS
  • Land Acres: 0000000290
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: KELL-AIR GARDENS LOT 4 BLK B

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023305

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-3090-000B-0040
  • Block: B
  • Lot: 4
  • Municipality: DESTIN
  • Latitude: 30.4002
  • Longitude: -86.4778

    Address

  • Full Address: 862 Kell Aire Dr
  • Address - House Number: 862
  • Address - Street Name: Kell Aire
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Destin
  • Carrier Code: C030
  • 4-Digit Zip Code: 2629
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,116
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 511,228
  • High Value: 602,356
  • Low Value: 420,101

    Market Valuation

  • Market Total Value: $354,993
  • Market Land Value: $117,943
  • Market Improvement Value: $237,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $240,429

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes
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 Kell-Aire Gardens

Stats & Trends

Median Asking:

$462,000

Sale Price/ft²

$276

Above Asking

0.00%

Average Days on Market

85

Average Home Size

1684 ft²

Average Home Age

38 years

Currently For Sale

1 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: Sharon L Gross, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 743577
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 862 Kell Aire Drive built and last sold?
The property at 862 Kell Aire Drive was built in 1983 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 862 Kell Aire Drive is $318,360.
What are some comparable homes to 862 Kell Aire Drive?
There are currently no comparable homes to 862 Kell Aire Drive.
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