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Walton 32439
87 Tropical Way
$125,500
● House - Off Market

87 Tropical Way

Freeport, FL 32439
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$248,444
RealtyHop Estimate
77.59%
Since Aug 1, 2015
National-US
Primary Model

About This Property

This home in Brandon Oaks has been priced to sell!! Home features 3 bedrooms, 2 baths, split floor plan, fireplace in living room, all kitchen appliances, his and her closets in master bedroom, double vanity in master bath, huge laundry/pantry/storage area plus a bonus room off of the kitchen perfect for home office, play room or sewing room. Don't miss this one. Excellent location just North of the Bay.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$100
Property Type
House
Property Taxes
$59
HOA Dues
-
Year Built
2004

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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 #731448)

Price History

Date / Event Date Event Price
Jul 15, 2015 Sold
Premium
Sold
Jun 2, 2015 Listed by Merrifield & Pilcher Realty $139,900
Listed by Merrifield & Pilcher Realty
Mar 27, 2013 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 380
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,535
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 760
  • Total Building Area: 1,726
  • Gross Building Area: 1,726
  • Building Area: 1,346
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,346
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRANDON OAKS
  • Land Acres: 0000000334
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 6 BRANDON OAKS S/D 1ST ADD PB 15-91 OR 2643-4201 OR 2644-2746 OR 2872-428 OR 2908-2791 OR 2915-3813 OR 2984-3865

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950502

Geography

  • Assessors Map Reference: S1-33-19
  • Parcel: 33-1S-19-23032-000-0060
  • Lot: 6
  • Meridian: SEC 33 TWN 01S RNG 019
  • Municipality: COUNTY
  • Latitude: 30.4447
  • Longitude: -86.1444

    Address

  • Full Address: 87 Tropical Way
  • Address - House Number: 87
  • Address - Street Name: Tropical
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Freeport
  • Carrier Code: R002
  • 4-Digit Zip Code: 4734
  • Zip Code: 32439

Valuation

    Tax

  • Total Area: 1,571
  • Tax Year: 2022
  • Tax Amount: $149,897
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.2593
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 326,255
  • High Value: 410,860
  • Low Value: 241,650

    Market Valuation

  • Market Total Value: $213,858
  • Market Land Value: $36,239
  • Market Improvement Value: $177,619

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $213,858
  • Assessed Land Value: $36,239
  • Assessed Improvements Value: $177,619

    Sales

  • Current Sale Contract Date: Jul 10, 2015
  • Current Sale Recording Date: Jul 15, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015661330368
  • Previous Sale Recording Date: Mar 27, 2013
  • Previous Sale Contract Date: Mar 22, 2013
  • Previous Sale Amount: $105,500
  • 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 Walton

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$395

Below Asking

0.02%

Average Days on Market

79

Average Home Size

2265 ft²

Average Home Age

17.7 years

Currently For Sale

3429 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: Sally R Merrifield, Merrifield & Pilcher Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 731448
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 87 Tropical Way built and last sold?
The property at 87 Tropical Way was built in 2004 and last sold on Jul 10, 2015 for $125,500.
How much is this home worth?
The estimated value of the home located at 87 Tropical Way is $0.
What are some comparable homes to 87 Tropical Way?
There are currently no comparable homes to 87 Tropical Way.
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