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Crestview 32536
115 GILLIS Drive
$105,000
● House - Off Market

115 GILLIS Drive

Crestview, FL 32536
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,883 Ft²
$185,688
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Renovated home in established neighborhood. Large Fenced rear yard and a detached garage Workshop. This 3/2 features a handicap accessible tub/shower in the master bath. Kitchen is redesigned with new cabinets and appliances to make it a eat in kitchen with a wood burning fireplace. The 1 car garage was converted to a workshop and could be returned to a garage easily. There is a storage room off the enclosed garage. The laundry /mud room is oversized and can accommodate a freezer or second refrigerator. The guest bath was renovated with a new tub/shower combination and vanity. New carpet in bedrooms and laminate floors in the formal living/dining combination. There is a screened porch with access from the kitchen/laundry room. Great as a starter home or for a retiree.
Unit Size
1,883 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$53
Property Type
House
Property Taxes
$85
HOA Dues
-
Year Built
1974

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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 MLS #700053)

Price History

Date / Event Date Event Price
Dec 18, 2023 Sold
Premium
Sold
Nov 9, 2023 No longer available -
No longer available
Oct 4, 2023 Price Decreased $307,900
↓ $7K (2.2%)
Price Decreased
Sep 15, 2023 Price Decreased $314,900
↓ $10K (3.1%)
Price Decreased
Aug 6, 2023 Price Decreased $324,900
↓ $5K (1.5%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • 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: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • 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: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,415
  • Lot Size Frontage Feet: 20
  • Total Building Area: 2,538
  • Gross Building Area: 2,538
  • Building Area: 1,883
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,883
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ADAMS POWELL S/D
  • Land Acres: 0000000538
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: ADAMS POWELL S/D LOTS 23 & 24 BLK K

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020500

Geography

  • Assessors Map Reference: 15B
  • Parcel: 05-3N-23-0010-000K-0230
  • Block: K
  • Lot: 23,24
  • Meridian: SEC 05 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.7817
  • Longitude: -86.5706

    Address

  • Full Address: 115 Gillis Dr
  • Address - House Number: 115
  • Address - Street Name: Gillis
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: C004
  • 4-Digit Zip Code: 1611
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 2,170
  • Tax Year: 2023
  • Tax Amount: $340,619
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.0808
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 94
  • Final Value: 319,962
  • High Value: 345,828
  • Low Value: 294,096

    Market Valuation

  • Market Total Value: $231,944
  • Market Land Value: $36,216
  • Market Improvement Value: $195,728

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $231,944
  • Assessed Land Value: $36,216
  • Assessed Improvements Value: $195,728

    Sales

  • Current Sale Contract Date: Dec 15, 2023
  • Current Sale Recording Date: Dec 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3662297
  • Previous Sale Recording Date: Jul 18, 2014
  • Previous Sale Contract Date: May 29, 2014
  • Previous Sale Amount: $105,000
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: ADJ
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 Crestview

Stats & Trends

Median Asking:

$282,900

Sale Price/ft²

$166

Below Asking

0.03%

Average Days on Market

74

Average Home Size

1821 ft²

Average Home Age

22.7 years

Currently For Sale

193 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: Mary Ann Cates, RE/MAX Agency One
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 700053
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 115 Gillis Drive built and last sold?
The property at 115 Gillis Drive was built in 1974 and last sold on Dec 15, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 115 Gillis Drive is $305,173.
What are some comparable homes to 115 Gillis Drive?
There are currently no comparable homes to 115 Gillis Drive.
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