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Nassau 32034
96062 MONTEGO BAY
$419,900
● House - Off Market

96062 MONTEGO BAY

Fernandina Beach, FL 32034
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,065 Ft²
$558,250
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

This 3 bed, 2 bath home is centrally located minutes away from the beach, shopping and restaurants. It sits right off the lake so you can enjoy relaxing outside on the patio or inside the enclosed lanai while looking out to the water and beautiful vegetation. It has a spacious owner's suite with tray ceilings, his and her closets and large master bath which offers garden tub, separate shower and his and her separate vanity sink. Kitchen has 42'' cabinets, stainless steal appliances with breakfast area and formal dining room. Living area has built in cabinetry with gas fireplace and tall glass sliding doors that lead out to the lanai. It's a must see because almost every room has a beautiful lake view!
Unit Size
2,065 Ft²
Days on Market
-
Land Size
-
Price per sqft
$206
Property Type
House
Property Taxes
-
HOA Dues
$34
Year Built
2003

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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 (Real MLS #1071564)

Price History

Date / Event Date Event Price
Feb 2, 2021 Sold
Premium
Sold
Dec 11, 2020 Sold
Premium
Sold
Sep 3, 2020 Listed by WATSON REALTY CORP $424,900
Listed by WATSON REALTY CORP

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 518
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,229
  • Total Building Area: 2,583
  • Gross Building Area: 2,583
  • Building Area: 2,065
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,065
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ISLESWORTH
  • Land Acres: 0000000235
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 29 PDSTRIAN ESMT PT OR 1179/1730 ISLESWORTH PB 6/300

Neighborhood

  • School District Name: Nassau County School District
  • Census Tract: 050205

Zoning

  • Zoning: RS-2

Geography

  • Assessors Map Reference: MAP 6D/1N
  • Parcel: 00-00-30-0315-0029-0000
  • Lot: 29
  • Meridian: SEC 04 TWN 02N RNG 28E
  • Municipality: UNINCORPORATED MIDDLE ISLAND
  • Latitude: 30.6307
  • Longitude: -81.4538

    Address

  • Full Address: 96062 Montego Bay
  • Address - House Number: 96062
  • Address - Street Name: Montego Bay
  • State: FL
  • City Name: Fernandina Beach
  • Carrier Code: R011
  • 4-Digit Zip Code: 8483
  • Zip Code: 32034

Valuation

    Tax

  • Total Area: 2,340
  • Tax Year: 2023
  • Tax Amount: $651,564
  • Tax Rate Code Area: 8

    Appraisal Valuation

  • Standard Deviation: 0.196
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 680,534
  • High Value: 813,948
  • Low Value: 547,121

    Market Valuation

  • Market Total Value: $426,636
  • Market Land Value: $152,250
  • Market Improvement Value: $274,386

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $426,636
  • Assessed Land Value: $152,250
  • Assessed Improvements Value: $274,386

    Sales

  • Current Sale Contract Date: Dec 10, 2020
  • Current Sale Recording Date: Feb 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 61
  • Current Sale Input Document Number: 202145003728
  • Previous Sale Recording Date: Dec 11, 2020
  • Previous Sale Contract Date: Dec 10, 2020
  • Previous Sale Amount: $419,500
  • 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 Nassau

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$237

Below Asking

0.02%

Average Days on Market

95

Average Home Size

2168 ft²

Average Home Age

17.6 years

Currently For Sale

484 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

Rentals Near You

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Real MLS

Listed by: KATRINA RAGON, WATSON REALTY CORP
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1071564
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS. 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 96062 Montego Bay built and last sold?
The property at 96062 Montego Bay was built in 2003 and last sold on Dec 10, 2020 for $419,500.
How much is this home worth?
The estimated value of the home located at 96062 Montego Bay is $433,479.
What are some comparable homes to 96062 Montego Bay?
There are currently no comparable homes to 96062 Montego Bay.
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