115 Bailey Drive

Local assessors in Niceville, FL have categorized 115 Bailey Drive as a commercial type of property. The home was built in 1996 and is 28 years old. It was most recently renovated and altered in 2000. The property's lot size has been calculated to be 20,955 square feet. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 115 Bailey Drive has a total of 4,150 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 115 Bailey Drive is a 1 code building. This code stands for "buildings that have fireproofed structural steel frames carrying all wall, floor and roof loads. The walls, floors and roof structures are built of non-combustible materials.". Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 900 sqft. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with steel control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a sawtooth style roof that was made of metal. Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. The property was last sold in Aug 15, 2019 for $525,000. That's $101.00 per sqft. 115 Bailey Drive was last assessed in 2023. The total value of the property was assessed at $465,462. Specifically, the land the property is located on was valued at $105,841. While improvements on the property were assessed at a total of $359,621. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $6,205. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.