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Niceville 32578
109 Mcewen Drive
$379,000
● House - Off Market

109 Mcewen Drive

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
3 Baths
$1,866
Est. Monthly

About This Property

If you are looking for something with potential upside, a great location, and room to roam, this REO home might just be the one. This large 4 bedroom 3 full bath home is just over 2700 sf and is just a few miles from military bases, schools, and even beaches. Home has mostly brick exterior and vinyl fenced back yard. The in ground pool adds to the potential upside to this home. There are 2 master suites with one leading to the covered patio. This is a must see to appreciate! Due to repairs, this home will not qualify for all financing.
Unit Size
-
Days on Market
79 days
Land Size
0.24 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1976

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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 #963156)

Price History

Date / Event Date Event Price
Jun 13, 2025 Sold
Premium
Sold
Apr 11, 2025 In contract -
In contract
Mar 26, 2025 Relisted $379,900
Relisted
Mar 6, 2025 In contract -
In contract
Feb 19, 2025 Price Decreased $379,900
↓ $20K (5%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • 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: 2
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 580
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 2

    Dimensions

  • Lot Size Square Feet: 10,657
  • Lot Size Frontage Feet: 930
  • Total Building Area: 3,623
  • Gross Building Area: 3,623
  • Building Area: 2,795
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,795
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEOTA MILLER S/D
  • Land Acres: 0000000245
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LEOTA MILLER S/D LOT 4 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021101

Geography

  • Assessors Map Reference: 29
  • Parcel: 08-1S-22-1500-000A-0040
  • Block: A
  • Lot: 4
  • Meridian: SEC 08 TWN 01S RNG 22W
  • Municipality: NICEVILLE
  • Latitude: 30.516
  • Longitude: -86.4772

    Address

  • Full Address: 109 Mcewen Dr
  • Address - House Number: 109
  • Address - Street Name: Mcewen
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: C011
  • 4-Digit Zip Code: 2626
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 3,188
  • Tax Year: 2023
  • Tax Amount: $221,318
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 452,748
  • High Value: 540,359
  • Low Value: 365,137

    Market Valuation

  • Market Total Value: $362,366
  • Market Land Value: $63,944
  • Market Improvement Value: $298,422

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,744

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 26, 2000
  • Current Sale Recording Date: May 30, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1773300
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 Niceville

Stats & Trends

Median Asking:

$410,000

Sale Price/ft²

$251

Below Asking

0.02%

Average Days on Market

63

Average Home Size

2012 ft²

Average Home Age

28.1 years

Currently For Sale

91 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: Cosmo M Spellings, Assurance Realty of NWFL LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 963156
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 109 McEwen Drive built and last sold?
The property at 109 McEwen Drive was built in 1976 and last sold on May 26, 2000 for $99,000.
How much is this home worth?
The estimated value of the home located at 109 McEwen Drive is $0.
What are some comparable homes to 109 McEwen Drive?
There are currently no comparable homes to 109 McEwen Drive.
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