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Walton 32459
88 Chelsea Loop
$890,000
● House - Off Market

88 Chelsea Loop

Santa Rosa Beach, FL 32459
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,128 Ft²
$1,529,382
RealtyHop Estimate
63.05%
Since May 1, 2017
National-US
Primary Model

About This Property

Located adjacent to Eastern Lake between Seaside and Watersound, this Summer's Edge home has been completed renovated and professionally decorated. Offering 3 bedrooms and bunks, gulf views are available from the second and third floors. Conveniently located next door to 1 of 2 community pools, the deeded beach access and Gulf of Mexico is less than 100 yards away. Come see today!
Unit Size
2,128 Ft²
Days on Market
-
Land Size
-
Price per sqft
$441
Property Type
House
Property Taxes
$523
HOA Dues
$450
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 #761116)

Price History

Date / Event Date Event Price
Apr 13, 2017 Sold
Premium
Sold
Sep 20, 2016 Listed by GetMoreOffers $938,000
Listed by GetMoreOffers
Jul 21, 2016 Sold
Premium
Sold
May 30, 2016 Listed by GetMoreOffers $775,000
Listed by GetMoreOffers

Property Highlights

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,612
  • Total Building Area: 2,128
  • Gross Building Area: 2,128
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUMMERS EDGE 2ND ADD
  • Land Acres: 0000000060
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: LOT 6 SUMMERS EDGE 2ND ADD PB 15-26 OR 2449-409 OR 2814-3617 OR 2997-4515 OR 3016-316 OR 3038-1891

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950610

Geography

  • Assessors Map Reference: S3-24-19
  • Parcel: 24-3S-19-25475-000-0060
  • Lot: 6
  • Meridian: SEC 24 TWN 03S RNG 19W
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.308
  • Longitude: -86.099

    Address

  • Full Address: 88 Chelsea Loop
  • Address - House Number: 88
  • Address - Street Name: Chelsea
  • Address - Suffix Type: Loop
  • State: FL
  • City Name: Santa Rosa Beach
  • Carrier Code: H033
  • 4-Digit Zip Code: 7531
  • Zip Code: 32459

Valuation

    Tax

  • Total Area: 2,276
  • Tax Year: 2022
  • Tax Amount: $861,093
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.2578
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 1,564,443
  • High Value: 1,967,793
  • Low Value: 1,161,093

    Market Valuation

  • Market Total Value: $1,076,522
  • Market Land Value: $341,909
  • Market Improvement Value: $734,613

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,076,522
  • Assessed Land Value: $341,909
  • Assessed Improvements Value: $734,613

    Sales

  • Current Sale Contract Date: Apr 07, 2017
  • Current Sale Recording Date: Apr 13, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20170011575
  • Previous Sale Recording Date: Jul 21, 2016
  • Previous Sale Contract Date: Jul 15, 2016
  • Previous Sale Amount: $745,000
  • 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 Walton

Stats & Trends

Median Asking:

$700,000

Sale Price/ft²

$399

Below Asking

0.02%

Average Days on Market

80

Average Home Size

2266 ft²

Average Home Age

17.7 years

Currently For Sale

3391 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: Keith R Gordon, GetMoreOffers
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 761116
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 88 Chelsea Loop built and last sold?
The property at 88 Chelsea Loop was built in 2004 and last sold on Apr 7, 2017 for $890,000.
How much is this home worth?
The estimated value of the home located at 88 Chelsea Loop is $0.
What are some comparable homes to 88 Chelsea Loop?
There are currently no comparable homes to 88 Chelsea Loop.
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