Santa Rosa County Property Appraiser
Greg S. Brown IICFA
| 04-1N-28-0000-09700-0000 |
| 6560 CAROLINE ST, MILTON, 32570 |
| HOTELS/MOTELS (003900) |
| 04-1N-28 |
| MILTON |
| 13.4261 |
| 2.11 |
| *DESCRIPTION UPDATE FOR 2025* COM SW COR NE4 OF SE4 OF SECTION 4 TOWNSHIP 1 NORTH RANGE 28 WEST TH N 01* E 330.29 FT TH S 88* E 469.91 FT TH S 43* E 81.94 FT TO POB TH CONT S 43* E 384.76 FT TH N 88* W ALONG R/W OF HWY 90 37 4.94 FT TH N 61* W 172.19 FT TH N 28* E 226.16 FT TH S 85* E 153.51 FT TO POB AS DES IN OR 4656 PG 1227 LESS ALL MINERAL RIGHTS |
| MVP 3 LLC |
| 8551 KESHAV TAYLOR DR |
| MILTON, FL 32583-7522 |
| 2024 Certified | 2025 Certified | 2026 Certified | |
|---|---|---|---|
| Building Value | $1,069,940 | $1,075,551 | $1,146,932 |
| Extra Feature Value | $118,766 | $143,766 | $143,766 |
| Land Value | $147,700 | $147,700 | $147,700 |
| Land Agricultural Value | $0 | $0 | $0 |
| Agricultural (Market) Value | $0 | $0 | $0 |
| Just (Market) Value | $1,336,406 | $1,367,017 | $1,438,398 |
| Co. Assessed Value | $1,008,350 | $1,109,185 | $1,438,398 |
| Exempt Value | $0 | $0 | $0 |
| Co. Taxable Value | $1,008,350 | $1,109,185 | $1,438,398 |
| Type | HOTELS/MOTELS |
|---|---|
| Total Area | 22474 |
| Heated Area | 20082 |
| Exterior Walls | WOOD FRAME STUCCO |
| Roof Cover | TIMBERLINE SHINGLE |
| Interior Walls | DRYWALL |
| Foundation | BLOCK/MASONRY |
| Frame | MASONRY |
| Floor | CARPET |
| Heat Type | FORCED AIR DUCT |
| A/C Type | CENTRAL |
| Bathrooms | 44 |
| Bedrooms | 0 |
| Stories | 2 |
| Actual Year Built | 1999 |
| Effective Year Built | 1999 |
Current Traverse
Use: HOTELS/MOTELS (003900)
| Effective Rate | Replacement Cost |
|---|---|
| 79.83 | $1,674,354 |
| Normal | 31.5% |
|---|---|
| Economic | 0% |
| Functional | 0% |
| Special | 0% |
| Good | 68.5% |
| Replacement Cost New Less Depreciation (RCNLD) | $1,146,932 |
| Name | Actual | Effective | RCNLD |
|---|---|---|---|
| Totals | 0 | 0 | $0 |
| Land Code | Description | Frontage | Depth | Unit Type | Land Units | Land Value |
|---|---|---|---|---|---|---|
| 003900 | HOTEL/MOTEL | 0 | AC | 2.11 | $147,700 |
| Source | Code | Description |
|---|---|---|
| City of Milton | C-2 | General Commercial |
| ASPHALT | 1 | 41580 SF | 2000 | $72,765 |
| DUMPSTER | 1 | 1 UT | 2007 | $500 |
| ELEVATOR | 1 | 1 UT | 1999 | $20,000 |
| FENCE - COMMERCIAL | 1 | 1 UT | 2004 | $3,000 |
| FLOOD LIGHTS | 1 | 9 UT | 1999 | $4,500 |
| POOL | 1 | 1 UT | 1999 | $40,000 |
| SHED | 1 | 1 UT | 1999 | $2,000 |
| SHED | 1 | 1 UT | 1999 | $1,000 |
| SIGN | 1 | 1 UT | 2004 | $1 |
| Multi-Parcel | Sale Date | Sale Price | Instrument | Book / Page | Qualification | Sale Type | Grantor | Grantee |
|---|---|---|---|---|---|---|---|---|
| N | 09/09/2025 | $1,375,200 | WD | 4656/12274656 / 1227 | U | I | LAD HOTELS INC | MVP 3 LLC |
| N | 09/13/2004 | $100 | WD | 2564/11042564 / 1104 | U | I | LAD RAMAN J | LAD HOTELS INC |
| N | 09/01/1986 | $405,000 | WD | 830/26830 / 26 | U | I | PATEL KIRIT G | LAD RAMAN J |
| N | 01/01/1982 | $350,111 | WD | 567/628567 / 628 | U | I | THRIFT COURTS OF MILTON INC | PATEL KIRIT G |