$299,000
●
Land -
Off Market
989 N HIGHWAY 17
Palatka, FL 32177
Studio
0 Bath
$1,469
Est. Monthly
About This Property
Unique greenbelted property fenced with 2/1 mobile home, pole barn,
one room/one bath cabin, pond, gazebo and three residential acres.
So many possibilities with this 16+ acre tract of land. Bring your
animals and build a new home!
Unit Size
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Land Size
16.70 acres
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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 (Real MLS #1156346)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2023 | Sold | ||
| Sold | |||
| Oct 4, 2022 | Listed by COLDWELL BANKER VANGUARD REALTY | $335,000 | |
| Listed by COLDWELL BANKER VANGUARD REALTY | |||
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HUGE PRICE DROP! MOTIVATED SELLER! Level cleared land with about 442' of frontage on US 17. Could be a mixed use development, buy-hold, horse property, or great land for an estate or family compound. Potential to develop into single or multi-family residential is real as this corridor between Green Cove Springs and Palatka is going to grow extensively over the next few years. This is parcel can be bought separately or as a part of an additional 60 acres listed for another adjacent seller. Three other tracts in separate listings (See MLS 1193722, 1193729 & 1193733). Current surveys will have to be recertified by buyer, if available. Seller will not pay for new survey. Buyer should conduct own due diligence to determine suitability soil conditions, Phase 1 if needed, and wetland delineation. delineation.
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| Mar 1, 2022 | Listed by FLORIDA HOMES REALTY & MTG LLC | $299,000 | |
| Listed by FLORIDA HOMES REALTY & MTG LLC | |||
| Nov 22, 2011 | Listed by LIGHTHOUSE REALTY ASSOCIATES | $169,000 | |
| Listed by LIGHTHOUSE REALTY ASSOCIATES | |||
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THIS 20 ACRE IS PARCEL IS CLEARED AND READY TO BUILD YOUR EQUISTRIAN ESTATE.
THIS IS PART OF A 76.7 ACRE PARCEL AVAILABLE AS A WHOLE OR IN 3 20 ACRE PARCELS AND 1 16.7 ACRE PARCEL
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| Nov 1, 2010 | Listed by WATSON REALTY CORP | $599,000 | |
| Listed by WATSON REALTY CORP | |||
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Over 70 acres with frontage on Highway 17. Zoned agricultural so bring for horses and livestock. Land is already subdivided into 4 parcels, use some or use all. Land is currently leased as pasture land for cattle, you could continue the lease to offset taxes until you are ready to use the land!
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About Putnam
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Listed by: MELISSA B PELLERITO, FLORIDA HOMES REALTY & MTG LLC
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1156346
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.
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1156346
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