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Okaloosa 32536 Lake Silver
2188 Lake Silver Road
$260,000
● House - Off Market

2188 Lake Silver Road

Crestview, FL 32536
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,493 Ft²
$262,024
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

BUYER'S LOAN FELL THROUGH!! New Roof, All Inspections Completed! New LVP Flooring and Updated Trim Throughout! Large Yard! Peace and Quiet!  This 3 Bedroom 2 Bath Home is Ready for Your Personal Touch.  The Bedrooms are all Upstairs with the Living Room and Eat In Kitchen on the First Floor. Laundry and Pantry are Both Adjacent to the Breakfast Area. A Single Car Garage and Privacy Fenced Backyard Completes the Property.  Buyer to verify all measurements and pertinent information.
Unit Size
1,493 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$174
Property Type
House
Property Taxes
$102
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 #892748)

Price History

Date / Event Date Event Price
May 24, 2022 Sold
Premium
Sold
Mar 8, 2022 Listed by ERA American Real Estate $260,000
Listed by ERA American Real Estate
Apr 16, 2019 Sold
Premium
Sold
Mar 16, 2019 No longer available -
No longer available
Mar 5, 2019 Price Decreased $149,900
↓ $7K (4.5%)
Price Decreased
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: 3
  • Full Bathrooms: 2
  • 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: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 418
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 58
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,971
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,962
  • Gross Building Area: 1,962
  • Building Area: 1,493
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,493
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE SILVER
  • Land Acres: 0000000275
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LAKE SILVER LOT 17 BLK 1

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020304

Geography

  • Assessors Map Reference: MAP 1
  • Parcel: 19-4N-23-1410-0001-0170
  • Block: 1
  • Lot: 17
  • Meridian: SEC 19 TWN 04N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.8344
  • Longitude: -86.5852

    Address

  • Full Address: 2188 Lake Silver Rd
  • Address - House Number: 2188
  • Address - Street Name: Lake Silver
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Crestview
  • Carrier Code: R018
  • 4-Digit Zip Code: 9346
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 1,669
  • Tax Year: 2023
  • Tax Amount: $134,619
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2085
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 286,262
  • High Value: 345,972
  • Low Value: 226,552

    Market Valuation

  • Market Total Value: $164,326
  • Market Land Value: $11,810
  • Market Improvement Value: $152,516

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $164,326
  • Assessed Land Value: $11,810
  • Assessed Improvements Value: $152,516

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 20, 2022
  • Current Sale Recording Date: May 24, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3552325
  • Previous Sale Recording Date: Apr 16, 2019
  • Previous Sale Contract Date: Apr 12, 2019
  • Previous Sale Amount: $152,000
  • 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 Lake Silver

Stats & Trends

Median Asking:

$245,000

Sale Price/ft²

$146

Below Asking

0.04%

Average Days on Market

152

Average Home Size

2254 ft²

Average Home Age

20 years

Currently For Sale

1 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: Paula J Sherman, ERA American Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 892748
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 2188 Lake Silver Road built and last sold?
The property at 2188 Lake Silver Road was built in 2006 and last sold on May 20, 2022 for $260,000.
How much is this home worth?
The estimated value of the home located at 2188 Lake Silver Road is $255,203.
What are some comparable homes to 2188 Lake Silver Road?
There are currently no comparable homes to 2188 Lake Silver Road.
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