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Putnam 32177
947 W RIVER ROAD
$10,000
● Land - Off Market

947 W RIVER ROAD

PALATKA, FL 32177
bedrooms
Studio
bathrooms
0 Bath
$54
Est. Monthly

About This Property

This beautiful, untouched parcel offers the perfect canvas for your dream home or private retreat. Located near the scenic St. Johns River, the property is surrounded by mature trees and natural beauty, providing privacy and tranquility.

Enjoy the convenience of a paved road while still soaking in the quiet, rural atmosphere. Whether you're planning to build a custom home, weekend escape, or looking for a smart investment, this spacious lot offers endless possibilities in a desirable location.
Unit Size
-
Days on Market
106 days
Land Size
0.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4
HOA Dues
-
Year Built
-

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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 (Stellar MLS #FC310996)

Price History

Date / Event Date Event Price
Oct 24, 2025 Sold
Premium
Sold
Oct 10, 2025 In contract -
In contract
Sep 26, 2025 Relisted $10,000
Relisted
Sep 24, 2025 In contract -
In contract
Sep 5, 2025 Price Decreased $10,000
↓ $2K (16.7%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 840
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ST JOHNS HARBOR 03
  • Land Acres: 0000000230
  • Standard Land Use Code: 8000
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: ST JOHNS HARBOR UNIT 3 MB5 P37 BLK 2 LOT 6

Neighborhood

  • School District Name: Putnam County School District
  • Census Tract: 950100

Geography

  • Account Number: 54408
  • Parcel: 26-08-27-8152-0020-0060
  • Block: 2
  • Lot: 6
  • Meridian: SEC 26 TWN 08S RNG 27E
  • Municipality: PUTNAM COUNTY
  • Latitude: 29.7692
  • Longitude: -81.5789

    Address

  • Full Address: 947 Westriver Rd
  • Address - House Number: 947
  • Address - Street Name: Westriver
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Palatka
  • Carrier Code: R006
  • 4-Digit Zip Code: 7075
  • Zip Code: 32177

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,778
  • Tax Rate Code Area: 000

    Market Valuation

  • Market Total Value: $3,670
  • Market Land Value: $3,670

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,670
  • Assessed Land Value: $3,670

    Sales

  • Current Sale Contract Date: Aug 15, 2005
  • Current Sale Recording Date: Aug 25, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 551053
  • Previous Sale Recording Date: Jan 06, 2005
  • Previous Sale Contract Date: Dec 21, 2004
  • Previous Sale Amount: $26,000
  • 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 Putnam

Stats & Trends

Median Asking:

$275,000

Sale Price/ft²

$189

Below Asking

0.04%

Average Days on Market

97

Average Home Size

1758 ft²

Average Home Age

45.1 years

Currently For Sale

296 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 543 Palmetto Bluff Rd Road, Palatka, FL, 32177

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,334 ft²
543 Palmetto Bluff Rd Road, Palatka, FL, 32177 Listing by KYLE KEMPTON

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Brittany Licari
REALTY EXCHANGE, LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# FC310996
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. 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 947 West River Road built and last sold?
The property at 947 West River Road was built in and last sold on Aug 15, 2005 for $21,500.
How much is this home worth?
The estimated value of the home located at 947 West River Road is $10,100.
What are some comparable homes to 947 West River Road?
There are currently no comparable homes to 947 West River Road.
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