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Crestview 32539 Lantern Ridge
136 Palmetto Drive
$110,000
● House - Off Market

136 Palmetto Drive

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,381 Ft²
$189,496
RealtyHop Estimate
72.27%
Since May 1, 2016
National-US
Primary Model

About This Property

APPROVED short sale opportunity!! This 3 bedroom 2 bath house with two car garage is perfect for the first time homebuyer or investor! Split open floor plan with breakfast bar and tile floors in wet area. Large fenced yard with yard building. This is short sale, please allow 90-120 days for closing
Unit Size
1,381 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$80
Property Type
House
Property Taxes
$72
HOA Dues
-
Year Built
2004

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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: 2 years ago (ECAR MLS #737471)

Price History

Date / Event Date Event Price
Apr 22, 2016 Sold
Premium
Sold
Sep 2, 2015 Listed by RE/MAX Agency One $110,000
Listed by RE/MAX Agency One
Jul 24, 2006 Sold
Premium
Sold
May 20, 2004 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • 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: 19
  • 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: 1
  • Garage Square Area: 462
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,096
  • Total Building Area: 2,023
  • Gross Building Area: 2,023
  • Building Area: 1,381
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,381
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANTERN RIDGE S/D
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LANTERN RIDGE S/D PH II LOT 41

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020400

Geography

  • Assessors Map Reference: 15A
  • Subdivision Phase Number: 2
  • Parcel: 16-3N-23-144B-0000-0410
  • Lot: 41
  • Meridian: SEC 16 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.7617
  • Longitude: -86.5457

    Address

  • Full Address: 136 Palmetto Dr
  • Address - House Number: 136
  • Address - Street Name: Palmetto
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: C006
  • 4-Digit Zip Code: 3226
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 1,664
  • Tax Year: 2023
  • Tax Amount: $102,910
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.2107
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 252,938
  • High Value: 306,246
  • Low Value: 199,630

    Market Valuation

  • Market Total Value: $190,570
  • Market Land Value: $21,949
  • Market Improvement Value: $168,621

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $110,148

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 18, 2006
  • Current Sale Recording Date: Jul 24, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2348187
  • Previous Sale Recording Date: May 20, 2004
  • Previous Sale Contract Date: May 14, 2004
  • Previous Sale Amount: $111,500
  • Previous Sale Document Type: 20
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 Lantern Ridge

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$128

Below Asking

0.03%

Average Days on Market

45

Average Home Size

1771 ft²

Average Home Age

30.5 years

Currently For Sale

2 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: Team Laurie & Lori, RE/MAX Agency One
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 737471
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 136 Palmetto Drive built and last sold?
The property at 136 Palmetto Drive was built in 2004 and last sold on Jul 18, 2006 for $165,000.
How much is this home worth?
The estimated value of the home located at 136 Palmetto Drive is $0.
What are some comparable homes to 136 Palmetto Drive?
There are currently no comparable homes to 136 Palmetto Drive.
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