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Crestview 32536 Northview Estates
162 Villacrest Drive
$160,000
● House - Off Market

162 Villacrest Drive

Crestview, FL 32536
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,434 Ft²
$737
Est. Monthly

About This Property

Enjoy all to benefits of your labor in the conveniently located REO property. Originally built in 1992 with a 2 car garage, this 3 bedroom 2 bath home has wood siding, a dimensional shingled roof and deck off the back of the property. The garage has been converted to living/storage and includes the laundry area. The Kitchen is large and opens to a dining area then living room with brick wood burning fireplace and semi vaulted ceilings. This property is just a few miles from interstate access, military bases and more. A must see to appreciate.
Unit Size
1,434 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$105
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1992

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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 #967062)

Price History

Date / Event Date Event Price
Feb 21, 2025 Sold
Premium
Sold
Feb 3, 2025 In contract -
In contract
Jan 25, 2025 Listed by Assurance Realty of NWFL LLC $150,000
Listed by Assurance Realty of NWFL LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 0
  • 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: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,600
  • Total Building Area: 1,884
  • Gross Building Area: 1,884
  • Building Area: 1,434
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,434
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTHVIEW EST 2ND ADD
  • Land Acres: 0000000289
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: NORTHVIEW EST 2ND ADD LOT 7

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020601

Geography

  • Assessors Map Reference: 15C
  • Parcel: 31-3N-23-2811-0000-0070
  • Lot: 7
  • Meridian: SEC 31 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.7189
  • Longitude: -86.582

    Address

  • Full Address: 162 Villacrest Dr
  • Address - House Number: 162
  • Address - Street Name: Villacrest
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: R010
  • 4-Digit Zip Code: 4266
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 1,609
  • Tax Year: 2023
  • Tax Amount: $84,851
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.2153
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 240,420
  • High Value: 292,184
  • Low Value: 188,656

    Market Valuation

  • Market Total Value: $162,310
  • Market Land Value: $34,500
  • Market Improvement Value: $127,810

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $93,985

    Exemptions

  • Homeowner Exemption: Yes
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 Northview Estates

Stats & Trends

Median Asking:

$279,900

Sale Price/ft²

$159

Below Asking

0.03%

Average Days on Market

49

Average Home Size

1948 ft²

Average Home Age

23 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: Cosmo M Spellings, Assurance Realty of NWFL LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 967062
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 162 Villacrest Drive built and last sold?
The property at 162 Villacrest Drive was built in 1992 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 162 Villacrest Drive is $0.
What are some comparable homes to 162 Villacrest Drive?
There are currently no comparable homes to 162 Villacrest Drive.
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