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Okaloosa 32578
1511 Cedar Street
$245,000
● House - Off Market

1511 Cedar Street

Niceville, FL 32578
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,734 Ft²
$379,770
RealtyHop Estimate
51.97%
Since Feb 1, 2019
National-US
Primary Model

About This Property

Fabulous brick ranch with a workshop on almost a half acre in Niceville! This charming home has a large front porch, fenced in yard, and good looking roof! A 3 bedroom home with many updates, it has been recently painted, beautiful updated wood laminate flooring, and partially renovated bathrooms. The open living area overlooks the backyard, and dining room. The galley kitchen has white cabinets and ample space for cooking. Down the hall are 3 bedrooms and a hall bathroom. The master bedroom is spacious and has its own en suite. The 20 x 24 garage/workshop is HUGE plenty of space for all your toys, or wood working shop! The home has natural gas for your stove, a TANKLESS hot water heater and gas furnace. *
Unit Size
1,734 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$144
Property Type
House
Property Taxes
$96
HOA Dues
-
Year Built
1979

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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 #810061)

Price History

Date / Event Date Event Price
Feb 6, 2019 Sold
Premium
Sold
Oct 31, 2018 Listed by Berkshire Hathaway HomeServices PenFed Realty $249,900
Listed by Berkshire Hathaway HomeServices PenFed Realty
Oct 9, 2009 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • 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: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,903
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,958
  • Gross Building Area: 1,958
  • Building Area: 1,734
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,734
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEMINOLE S/D
  • Land Acres: 0000000411
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SEMINOLE S/D LOT 32 BLK D LESS COM NW COR LOT 32 E ALG N LOT LINE 80.5FT

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021001

Geography

  • Assessors Map Reference: 40
  • Parcel: 24-1S-22-223A-000D-0320
  • Block: D
  • Lot: 32
  • Meridian: SEC 24 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.4824
  • Longitude: -86.4086

    Address

  • Full Address: 1511 Cedar St
  • Address - House Number: 1511
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: FL
  • City Name: Niceville
  • Carrier Code: R006
  • 4-Digit Zip Code: 8749
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 1,801
  • Tax Year: 2023
  • Tax Amount: $178,013
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 384,255
  • High Value: 458,612
  • Low Value: 309,898

    Market Valuation

  • Market Total Value: $240,384
  • Market Land Value: $67,895
  • Market Improvement Value: $172,489

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $188,082

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 31, 2019
  • Current Sale Recording Date: Feb 06, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3257603
  • Previous Sale Recording Date: Oct 09, 2009
  • Previous Sale Contract Date: Oct 07, 2009
  • Previous Sale Amount: $150,000
  • 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 Okaloosa

Stats & Trends

Median Asking:

$378,900

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

81

Average Home Size

1817 ft²

Average Home Age

28.3 years

Currently For Sale

1649 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: Amanda Grandy, Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 810061
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 1511 Cedar Street built and last sold?
The property at 1511 Cedar Street was built in 1979 and last sold on Jan 31, 2019 for $245,000.
How much is this home worth?
The estimated value of the home located at 1511 Cedar Street is $261,404.
What are some comparable homes to 1511 Cedar Street?
There are currently no comparable homes to 1511 Cedar Street.
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