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Niceville 32578
1139 46Th Street
$164,501
● House - Off Market

1139 46Th Street

Niceville, FL 32578
bedrooms
2 Beds
bathrooms
2 Baths
$806
Est. Monthly

About This Property

With just a little effort, this REO home could be perfect for that buyer with vision! This 1983-built, centrally located home features 2 bedrooms, 2 full bathrooms, and wood siding. The attached carport provides 'no rain' convenient parking. While the property needs work and won't qualify for all financing options, it is a prime opportunity for first-time homebuyers. Eligible buyers can take advantage of the FHA $100 Down Payment Incentive program for HUD-owned homes. Transform this diamond in the rough into your dream home in a desirable location. Home is FHA IE (Insurable with Escrow).
Unit Size
-
Days on Market
54 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1983

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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: 11 months ago (ECAR #988608)

Price History

Date / Event Date Event Price
Dec 23, 2025 Sold
Premium
Sold
Nov 11, 2025 In contract -
In contract
Oct 29, 2025 Listed by Assurance Realty of NWFL LLC $164,000
Listed by Assurance Realty of NWFL LLC
Oct 19, 2021 Sold
Premium
Sold
Oct 18, 2005 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • 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: 3
  • Garage Square Area: 153
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,493
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,419
  • Gross Building Area: 1,419
  • Building Area: 1,126
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,126
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VALPARAISO P/C
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: VALPARAISO P/C #2 LOT 21 BLK 31

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020900

Geography

  • Assessors Map Reference: 23
  • Parcel: 05-1S-22-256B-0031-0210
  • Block: 31
  • Lot: 21
  • Meridian: SEC 05 TWN 01S RNG 22W
  • Municipality: EAST NICEVILLE FIRE
  • Latitude: 30.5311
  • Longitude: -86.4685

    Address

  • Full Address: 1139 46th St
  • Address - House Number: 1139
  • Address - Street Name: 46th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Niceville
  • Carrier Code: C006
  • 4-Digit Zip Code: 1313
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 1,218
  • Tax Year: 2023
  • Tax Amount: $205,790
  • Tax Rate Code Area: 015

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 75
  • Final Value: 243,509
  • High Value: 288,390
  • Low Value: 198,627

    Market Valuation

  • Market Total Value: $157,933
  • Market Land Value: $38,182
  • Market Improvement Value: $119,751

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,933
  • Assessed Land Value: $38,182
  • Assessed Improvements Value: $119,751

    Sales

  • Current Sale Contract Date: Oct 15, 2021
  • Current Sale Recording Date: Oct 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3497948
  • Previous Sale Recording Date: Oct 18, 2005
  • Previous Sale Contract Date: Oct 14, 2005
  • Previous Sale Amount: $172,500
  • 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 Niceville

Stats & Trends

Median Asking:

$422,450

Sale Price/ft²

$250

Below Asking

0.02%

Average Days on Market

72

Average Home Size

2001 ft²

Average Home Age

27.1 years

Currently For Sale

64 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: Cosmo M Spellings, Assurance Realty of NWFL LLC
Last Updated: 11 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 988608
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 1139 46th Street built and last sold?
The property at 1139 46th Street was built in 1983 and last sold on Oct 15, 2021 for $205,000.
How much is this home worth?
The estimated value of the home located at 1139 46th Street is $0.
What are some comparable homes to 1139 46th Street?
There are currently no comparable homes to 1139 46th Street.
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