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Fort Walton Beach 32548 Northwest
107 NW Rainbow Drive
$94,000
● House - Off Market

107 NW Rainbow Drive

Fort Walton Beach, FL 32548
bedrooms
3 Beds
bathrooms
2 Baths
$167,744
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model

About This Property

REO. Convenient Location to Schools, Shopping and Restaurants! Kitchen has lots of cabinet space and room for an island if you desire. All 3 Bedrooms are spacious. There is also a Den/Bonus room and a Screened Back Patio. Back yard has lots of Fruit Trees and 2 storage sheds. Call for more information.
Unit Size
-
Days on Market
121 days
Land Size
0.21 acres
Price per sqft
-
Property Type
House
Property Taxes
$126
HOA Dues
-
Year Built
1955

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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: 9 months ago (ECAR #761567)

Price History

Date / Event Date Event Price
Apr 20, 2023 Sold
Premium
Sold
Feb 21, 2023 No longer available -
No longer available
Feb 18, 2023 Relisted $349,000
Relisted
Feb 10, 2023 No longer available -
No longer available
Feb 7, 2023 Listed by Rising Star Real Estate Inc $349,000
Listed by Rising Star Real Estate Inc
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,990
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,708
  • Gross Building Area: 1,708
  • Building Area: 1,684
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,684
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEL-AIR S/D
  • Land Acres: 0000000206
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: BEL-AIR S/D LOT 34 BLK 4

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 022500

Geography

  • Assessors Map Reference: 52
  • Parcel: 11-2S-24-0200-0004-0340
  • Block: 4
  • Lot: 34
  • Meridian: SEC 11 TWN 02S RNG 24W
  • Municipality: FORT WALTON BEACH
  • Latitude: 30.4207
  • Longitude: -86.618

    Address

  • Full Address: 107 Rainbow Dr Nw
  • Address - House Number: 107
  • Street Segment Direction: NW
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fort Walton Beach
  • Carrier Code: C005
  • 4-Digit Zip Code: 4328
  • Zip Code: 32548

Valuation

    Tax

  • Total Area: 1,691
  • Tax Year: 2023
  • Tax Amount: $213,837
  • Tax Rate Code Area: 004

    Appraisal Valuation

  • Standard Deviation: 0.2003
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 363,208
  • High Value: 435,976
  • Low Value: 290,440

    Market Valuation

  • Market Total Value: $262,870
  • Market Land Value: $46,849
  • Market Improvement Value: $216,021

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $198,546

    Sales

  • Current Sale Contract Date: Apr 14, 2023
  • Current Sale Recording Date: Apr 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3618758
  • Previous Sale Recording Date: Dec 31, 2020
  • Previous Sale Contract Date: Dec 28, 2020
  • Previous Sale Amount: $255,000
  • 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 Northwest

Stats & Trends

Median Asking:

$327,450

Sale Price/ft²

$200

Below Asking

0.04%

Average Days on Market

91

Average Home Size

1623 ft²

Average Home Age

61.2 years

Currently For Sale

19 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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ECAR

Listed by: Christine A Cleek, Rising Star Real Estate Inc
Last Updated: 9 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 761567
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 107 Rainbow Drive built and last sold?
The property at 107 Rainbow Drive was built in 1955 and last sold on Apr 14, 2023 for $345,000.
How much is this home worth?
The estimated value of the home located at 107 Rainbow Drive is $349,935.
What are some comparable homes to 107 Rainbow Drive?
There are currently no comparable homes to 107 Rainbow Drive.
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