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Okaloosa 32578 Lake Pippin
1004 Lake Drive
$520,000
● House - Off Market

1004 Lake Drive

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,963 Ft²
$2,554
Est. Monthly

About This Property

Entered for comp purposes only.
Unit Size
1,963 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$265
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1987

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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 (ECAR MLS #967923)

Price History

Date / Event Date Event Price
Feb 4, 2025 Sold
Premium
Sold
Feb 4, 2025 Listed by The Lisa Snuggs Real Estate Group $520,000
Listed by The Lisa Snuggs Real Estate Group
Aug 29, 2008 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 627
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,776
  • Lot Size Frontage Feet: 1,700
  • Total Building Area: 2,599
  • Gross Building Area: 2,599
  • Building Area: 1,963
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,963
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE PIPPEN EST
  • Land Acres: 0000001028
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LOT 12-B LAKE PIPPEN EST #2 AS OR 1014-103

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021001

Geography

  • Assessors Map Reference: 47
  • Parcel: 36-1S-22-0000-0003-0220
  • Block: 3
  • Lot: 12-B
  • Meridian: SEC 36 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.4583
  • Longitude: -86.4044

    Address

  • Full Address: 1004 Lake Dr
  • Address - House Number: 1004
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: R001
  • 4-Digit Zip Code: 4719
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,311
  • Tax Year: 2023
  • Tax Amount: $159,582
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.1672
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 514,938
  • High Value: 601,054
  • Low Value: 428,822

    Market Valuation

  • Market Total Value: $346,151
  • Market Land Value: $137,096
  • Market Improvement Value: $209,055

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $172,593

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 28, 2008
  • Current Sale Recording Date: Aug 29, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2517892
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 Lake Pippin

Stats & Trends

Median Asking:

$905,000

Sale Price/ft²

$368

Below Asking

0.08%

Average Days on Market

99

Average Home Size

2508 ft²

Average Home Age

41.5 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: Lisa R Snuggs, The Lisa Snuggs Real Estate Group
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 967923
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 1004 Lake Drive built and last sold?
The property at 1004 Lake Drive was built in 1987 and last sold on Aug 28, 2008 for $280,000.
How much is this home worth?
The estimated value of the home located at 1004 Lake Drive is $0.
What are some comparable homes to 1004 Lake Drive?
There are currently no comparable homes to 1004 Lake Drive.
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