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Crestview 32536 Southview Estates West
159 Nivana Drive
$292,000
● House - Off Market

159 Nivana Drive

Crestview, FL 32536
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,379 Ft²
$1,621
Est. Monthly
7.38%
Cap Rate

About This Property

This beautifully updated home offers a perfect blend of style, comfort, and functionality. Featuring a 2-year-old roof and a newer A/C unit & water heater this home is move-in ready.  Enjoy the upgraded appliances in the kitchen, making meal prep a breeze. The entire home boasts upgraded flooring throughout with no carpet, ensuring easy upkeep and a sleek, modern aesthetic.

Step outside into the fully fenced backyard, offering privacy and plenty of space for outdoor entertaining or relaxation. The upgraded light fixtures add an elegant touch to every room, enhancing the home's contemporary vibe.

Whether you're hosting guests or enjoying a quiet evening, this home is designed for convenience and comfort. Don't miss the opportunity to make this gem your own
Unit Size
1,379 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$207
Property Type
House
Property Taxes
$221
HOA Dues
-
Year Built
2006

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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 #964140)

Price History

Date / Event Date Event Price
Jan 31, 2025 Sold
Premium
Sold
Jan 13, 2025 In contract -
In contract
Dec 17, 2024 Price Decreased $285,000
↓ $10K (3.4%)
Price Decreased
Dec 4, 2024 Listed by Ellis Realty LLC $295,000
Listed by Ellis Realty LLC
Nov 2, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • 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: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 399
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,655
  • Total Building Area: 2,007
  • Gross Building Area: 2,007
  • Building Area: 1,379
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,379
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHWAY EST 2ND ADD
  • Land Acres: 0000000107
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SOUTHWAY EST 2ND ADD LOT 36 BLK 2

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020602

Geography

  • Assessors Map Reference: 15C
  • Parcel: 32-3N-23-441C-0002-0360
  • Block: 2
  • Lot: 36
  • Meridian: SEC 32 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.7108
  • Longitude: -86.5875

    Address

  • Full Address: 159 Nivana Dr
  • Address - House Number: 159
  • Address - Street Name: Nivana
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: R016
  • 4-Digit Zip Code: 4221
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 1,612
  • Tax Year: 2023
  • Tax Amount: $265,499
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.2153
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 270,352
  • High Value: 328,561
  • Low Value: 212,144

    Market Valuation

  • Market Total Value: $205,649
  • Market Land Value: $31,000
  • Market Improvement Value: $174,649

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,649
  • Assessed Land Value: $31,000
  • Assessed Improvements Value: $174,649

    Sales

  • Current Sale Contract Date: Oct 24, 2022
  • Current Sale Recording Date: Nov 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3588895
  • Previous Sale Recording Date: Mar 16, 2021
  • Previous Sale Contract Date: Mar 12, 2021
  • Previous Sale Amount: $191,000
  • 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 Southview Estates West

Stats & Trends

Median Asking:

$218,250

Sale Price/ft²

$191

Below Asking

0.04%

Average Days on Market

99

Average Home Size

1447 ft²

Average Home Age

21.4 years

Currently For Sale

5 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

Rentals Near You

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ECAR

Listed by: Zarina S Ellis, Ellis Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 964140
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 159 Nivana Drive built and last sold?
The property at 159 Nivana Drive was built in 2006 and last sold on Oct 24, 2022 for $259,000.
How much is this home worth?
The estimated value of the home located at 159 Nivana Drive is $0.
What are some comparable homes to 159 Nivana Drive?
There are currently no comparable homes to 159 Nivana Drive.
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