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Okaloosa 32578 Magnolia Village
1418 Mediterranean Circle
$442,400
● House - Off Market

1418 Mediterranean Circle

Niceville, FL 32578
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,892 Ft²
$443,310
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

REO.  Located in Magnolia Plantation, a Gated Community, this all Brick home has 3 Spacious Bedrooms with a Split Floor Plan.  Vaulted Ceilings in the Huge Living Area with Built ins and a Gas Fireplace.  The Kitchen has loads of Cabinet Space and a Gas Range for Cooking.  This home has a fenced lot with a Large Deck for entertaining and relaxing.  Easy commute to Eglin AFB and Duke Field as well as Boating, Fishing, Beaches, and Golfing.  Restaurants and Shopping are just a hop, skip and a jump over the Mid Bay Bridge to Destin.
Unit Size
1,892 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$233
Property Type
House
Property Taxes
$304
HOA Dues
$275
Year Built
2003

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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 #915649)

Price History

Date / Event Date Event Price
May 4, 2023 Sold
Premium
Sold
Jan 25, 2023 Listed by Rising Star Real Estate Inc $439,900
Listed by Rising Star Real Estate Inc
Dec 17, 2018 Sold
Premium
Sold
Jun 4, 2004 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,892
  • Total Building Area: 2,434
  • Gross Building Area: 2,434
  • Building Area: 1,892
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,892
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAGNOLIA VILLAGE
  • Land Acres: 0000000227
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: MAGNOLIA VILLAGE PH III-B LOT 1

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020800

Geography

  • Assessors Map Reference: 30
  • Subdivision Phase Number: 3
  • Parcel: 15-1S-22-2120-0000-0010
  • Lot: 1
  • Meridian: SEC 15 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.4901
  • Longitude: -86.4283

    Address

  • Full Address: 1418 Mediterranean Cir
  • Address - House Number: 1418
  • Address - Street Name: Mediterranean
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Niceville
  • Carrier Code: R012
  • 4-Digit Zip Code: 7143
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,165
  • Tax Year: 2023
  • Tax Amount: $406,742
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.0808
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 94
  • Final Value: 429,508
  • High Value: 464,230
  • Low Value: 394,786

    Market Valuation

  • Market Total Value: $350,318
  • Market Land Value: $78,079
  • Market Improvement Value: $272,239

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $350,318
  • Assessed Land Value: $78,079
  • Assessed Improvements Value: $272,239

    Sales

  • Current Sale Contract Date: Apr 26, 2021
  • Current Sale Recording Date: May 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3621721
  • Previous Sale Recording Date: Dec 17, 2018
  • Previous Sale Contract Date: Dec 14, 2018
  • Previous Sale Amount: $226,000
  • Previous Sale Document Type: 69

    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 Bluewater Bay

Stats & Trends

Median Asking:

$495,000

Sale Price/ft²

$258

Below Asking

0.01%

Average Days on Market

67

Average Home Size

2067 ft²

Average Home Age

31.7 years

Currently For Sale

49 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: Christine A Cleek, Rising Star Real Estate Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 915649
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 1418 Mediterranean Circle built and last sold?
The property at 1418 Mediterranean Circle was built in 2003 and last sold on Apr 26, 2021 for $442,400.
How much is this home worth?
The estimated value of the home located at 1418 Mediterranean Circle is $0.
What are some comparable homes to 1418 Mediterranean Circle?
There are currently no comparable homes to 1418 Mediterranean Circle.
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