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Lake Lorraine 32579 Spring Hill
1 8Th Street
$325,000
● House - Off Market

1 8Th Street

Shalimar, FL 32579
bedrooms
4 Beds
bathrooms
3 Baths
$2,090
Est. Monthly
6.26%
Cap Rate

About This Property

NEW ROOF, NEW DRIVEWAY, 4 BEDROOM 3 BATH - 2 MASTER SUITES. SPLIT BEDROOM PLAN. LIVING ROOM, DINING AREA, FAMILY ROOM WITH FIREPLACE, BREAKFAST BAR. LARGE PRIVACY FENCED BACK YARD.  HWH 2022.
Unit Size
-
Days on Market
33 days
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$297
HOA Dues
-
Year Built
1975

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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 (ECAR #951140)

Price History

Date / Event Date Event Price
Apr 28, 2025 Sold
Premium
Sold
Apr 2, 2025 In contract -
In contract
Mar 26, 2025 Relisted $365,000
Relisted
Mar 16, 2025 In contract -
In contract
Jan 13, 2025 Price Increased $365,000
↑ $15K (4.3%)
Price Increased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 525
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,983
  • Lot Size Frontage Feet: 790
  • Total Building Area: 3,015
  • Gross Building Area: 3,015
  • Building Area: 1,975
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,975
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PORT DIXIE
  • Land Acres: 0000000252
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: BEG SW COR LOT 1 BLK 8 PORT DIXIE S 100 FT W 100 FT S 247.3 FT TO BEG S

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021501

Geography

  • Assessors Map Reference: 44
  • Parcel: 05-2S-23-0000-0005-0030
  • Block: 8
  • Lot: 1
  • Meridian: SEC 05 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4346
  • Longitude: -86.5704

    Address

  • Full Address: 1 8th St
  • Address - House Number: 1
  • Address - Street Name: 8th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C008
  • 4-Digit Zip Code: 1909
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 2,302
  • Tax Year: 2023
  • Tax Amount: $356,151
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 406,644
  • High Value: 479,129
  • Low Value: 334,158

    Market Valuation

  • Market Total Value: $287,678
  • Market Land Value: $58,203
  • Market Improvement Value: $229,475

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $287,678
  • Assessed Land Value: $58,203
  • Assessed Improvements Value: $229,475
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 Spring Hill

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 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: Charles H Wimberly Jr, Century 21 Wimco Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 951140
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 1 8th Street built and last sold?
The property at 1 8th Street was built in 1975 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1 8th Street is $0.
What are some comparable homes to 1 8th Street?
There are currently no comparable homes to 1 8th Street.
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