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88 Cayman Cove

88 Cayman Cove, Destin, FL 32541
House in Destiny
Sold Oct 20, 2020
$582,500
$230,000 by Truist Bank
Mortgage Due Nov 01, 2050
Sold Oct 09, 2015
Transfer
88 Cayman Cove in Destin, FL was first built in 1995 and is 29 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 88 Cayman Cove has 1,802 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,772 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable or hip style roof made of tile. For those who need parking, there is a attached garage. The garage is 498 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of A. The exterior walls of the home are made of wood. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 88 Cayman Cove sold most recently in Oct 15, 2020 for a total of $582,500. If you work out the math, that's approximately a cost of $225.60 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,010 in taxes each year. 88 Cayman Cove was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $696,589. If we break it down further, the land itself was valued at $271,864. Improvements to the property, however, were assessed at a total of $424,725. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: A
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 498
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,772
  • Total Building Area: 2,582
  • Gross Building Area: 2,582
  • Building Area: 1,802
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,802
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DESTINY S/D
  • Land Acres: 0.133
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DESTINY S/D LOT 171

Ownership

  • Current Owner : RUSSO ALFRED DAVID
  • Current Owner 2: WRIGHT FAITH ANNE
  • Previous Owner : HAFERS MICHELE A
  • Owner Before Previous Owner: HAFERS MICHELE A
  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023308

Geography

  • Assessors Map Reference: 47
  • Parcel: 00-2S-22-0400-0000-1710
  • Lot: 171
  • Municipality: DESTIN
  • Latitude: 30.3835
  • Longitude: -86.41

    Address

  • Full Address: 88 Cayman Cv
  • Address - House Number: 88
  • Address - Street Name: Cayman
  • Address - Suffix Type: Cv
  • State: FL
  • City Name: Destin
  • Carrier Code: C018
  • 4-Digit Zip Code: 3798
  • Zip Code: 32541

Valuation

    Tax

  • Total Area: 2,200
  • Tax Year: 2023
  • Tax Amount: $8,010
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.1694
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 885,831
  • High Value: 1,035,943
  • Low Value: 735,719

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $230,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Oct 20, 2020
  • First Open Lien Mortgage Loan Amount: $230,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2050

    Market Valuation

  • Market Total Value: $696,589
  • Market Land Value: $271,864
  • Market Improvement Value: $424,725

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $696,589
  • Assessed Land Value: $271,864
  • Assessed Improvements Value: $424,725

    Sales

  • Current Sale Contract Date: Oct 15, 2020
  • Current Sale Recording Date: Oct 20, 2020
  • Current Sale Transaction ID: 11802463229
  • Current Sale Price: $582,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3400287
  • Previous Sale Recording Date: Oct 09, 2015
  • Previous Sale Contract Date: Sep 30, 2015
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BANK
  • First Mortgage Transaction Date: Oct 20, 2020
  • First Mortgage Loan Amount: $230,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

About Destiny



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Frequently Asked Questions

What neighborhood is 88 Cayman Cove located in?
The 88 Cayman Cove is a house located in the neighborhood of Destiny in Destiny, Destin.
What is the average sales price for listings in 88 Cayman Cove?
The average sales price for units in 88 Cayman Cove is $599,900 , or $333/sqft. currently.

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