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Mary Esther 32569 Oak Tree Park
241 Lee Drive
$300,000
● House - Off Market

241 Lee Drive

Mary Esther, FL 32569
bedrooms
3 Beds
bathrooms
1 Bath
$303,478
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Home was completely remodeled inside with newer roof and updated wiring and much more.
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
House
Property Taxes
$160
HOA Dues
-
Year Built
1969

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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 #902972)

Price History

Date / Event Date Event Price
Jun 16, 2022 Sold
Premium
Sold
Jun 3, 2022 Listed by EXP Realty LLC $300,000
Listed by EXP Realty LLC
Jul 10, 2001 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • 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: 1
  • Garage Square Area: 264
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,262
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,646
  • Gross Building Area: 1,646
  • Building Area: 1,098
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,098
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK TREE PARK S/D
  • Land Acres: 0000000190
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: OAK TREE PARK S/D LOT 5 BLK 6

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 022900

Geography

  • Assessors Map Reference: 51
  • Parcel: 17-2S-24-1900-0006-0050
  • Block: 6
  • Lot: 5
  • Meridian: SEC 17 TWN 02S RNG 24W
  • Municipality: MARY ESTHER
  • Latitude: 30.4124
  • Longitude: -86.6718

    Address

  • Full Address: 241 Lee Dr
  • Address - House Number: 241
  • Address - Street Name: Lee
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Mary Esther
  • Carrier Code: C002
  • 4-Digit Zip Code: 1815
  • Zip Code: 32569

Valuation

    Tax

  • Total Area: 1,375
  • Tax Year: 2023
  • Tax Amount: $244,332
  • Tax Rate Code Area: 005

    Appraisal Valuation

  • Standard Deviation: 0.2104
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 293,884
  • High Value: 355,740
  • Low Value: 232,029

    Market Valuation

  • Market Total Value: $210,643
  • Market Land Value: $48,192
  • Market Improvement Value: $162,451

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,643
  • Assessed Land Value: $48,192
  • Assessed Improvements Value: $162,451

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 15, 2022
  • Current Sale Recording Date: Jun 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3557809
  • Previous Sale Recording Date: Jul 10, 2001
  • Previous Sale Contract Date: Jun 29, 2001
  • Previous Sale Amount: $76,000
  • 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 Oak Tree Park

Stats & Trends

Median Asking:

$299,900

Sale Price/ft²

$197

Below Asking

0.04%

Average Days on Market

64

Average Home Size

1600 ft²

Average Home Age

60 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

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ECAR

Listed by: Teresa K Pattison, EXP Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 902972
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 241 Lee Drive built and last sold?
The property at 241 Lee Drive was built in 1969 and last sold on Jun 15, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 241 Lee Drive is $0.
What are some comparable homes to 241 Lee Drive?
There are currently no comparable homes to 241 Lee Drive.
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