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Shalimar 32579 Shalimar
17 Cherokee Road
$649,900
● House - Off Market

17 Cherokee Road

Shalimar, FL 32579
bedrooms
4 Beds
bathrooms
3 Baths
$654,938
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

*Under contract with 72 hr kick out clause. This stunning new construction home is READY NOW! Large 4 bedroom PLUS office home has open floor plan. All LVP & tile throughout. The kitchen and living space is wide open. Beautiful navy and white tone cabinetry with detailed backsplash tile and quartz countertops. Stainless appliance package and farmhouse sink. The master suite features trey ceilings, shiplap accent wall behind soaking tub, separate tiled shower with glass enclosure and double vanities. Gas package includes tankless water heater, stove, furnace, grill stub out and dryer option. A screened back porch to enjoy morning coffee and privacy fenced back yard. Located just next door to Combs Park and a block from the water. Three car garage. $10k closing credit available
Unit Size
-
Days on Market
56 days
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$91
HOA Dues
-
Year Built
2023

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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 #918536)

Price History

Date / Event Date Event Price
May 9, 2023 Sold
Premium
Sold
Mar 8, 2023 Listed by The Property Group 850 Inc $649,900
Listed by The Property Group 850 Inc
Mar 4, 2023 No longer available -
No longer available
Jul 15, 2022 Listed by The Property Group 850 Inc $649,900
Listed by The Property Group 850 Inc
May 2, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2023
  • Effective Year Built: 2023
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,742
  • Lot Size Frontage Feet: 700
  • Total Building Area: 3,678
  • Gross Building Area: 3,678
  • Building Area: 2,666
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,666
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHALIMAR ADD
  • Land Acres: 0000000224
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SHALIMAR ADD LOT 23 BLK 2

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021501

Geography

  • Assessors Map Reference: 44
  • Parcel: 06-2S-23-224B-0002-0230
  • Block: 2
  • Lot: 23
  • Meridian: SEC 06 TWN 02S RNG 23W
  • Municipality: SHALIMAR
  • Latitude: 30.4384
  • Longitude: -86.5836

    Address

  • Full Address: 17 Cherokee Rd
  • Address - House Number: 17
  • Address - Street Name: Cherokee
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C006
  • 4-Digit Zip Code: 1243
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 3,135
  • Tax Year: 2023
  • Tax Amount: $117,485
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.1948
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 316,595
  • High Value: 378,277
  • Low Value: 254,913

    Market Valuation

  • Market Total Value: $83,434
  • Market Land Value: $83,434

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,434
  • Assessed Land Value: $83,434

    Sales

  • Current Sale Contract Date: May 04, 2023
  • Current Sale Recording Date: May 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3622505
  • Previous Sale Recording Date: May 02, 2022
  • Previous Sale Contract Date: Apr 29, 2022
  • Previous Sale Amount: $160,000
  • Previous Sale Document Type: 71

    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 Shalimar

Stats & Trends

Median Asking:

$569,000

Sale Price/ft²

$254

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2015 ft²

Average Home Age

43.8 years

Currently For Sale

12 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: Kimberlie B Griggs, The Property Group 850 Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 918536
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 17 Cherokee Road built and last sold?
The property at 17 Cherokee Road was built in 2023 and last sold on May 4, 2023 for $649,900.
How much is this home worth?
The estimated value of the home located at 17 Cherokee Road is $0.
What are some comparable homes to 17 Cherokee Road?
There are currently no comparable homes to 17 Cherokee Road.
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