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Okaloosa 32536
241 Wedgewood Lane
$294,000
● House - Off Market

241 Wedgewood Lane

Crestview, FL 32536
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,105 Ft²
$560,742
RealtyHop Estimate
86.91%
Since Jun 1, 2014
National-US
Primary Model

About This Property

You'll love this wonderful executive style home on approximately one acre. Nestled in an area of upscale homes, rolling hills and lush landscaping, this all brick beauty features an open floor plan with island in spacious kitchen, multiple living areas and a 17 x 37 screened in pool. The huge pool/lanai is accessible from the kitchen/breakfast area, great room, and master bedroom. Master suite features a sitting room and office with extra room for hobbies or work-out area, and oversized walk-in closet. Enjoy everything this spacious luxury home has to offer!
Unit Size
3,105 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$97
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2001

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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 #612062)

Price History

Date / Event Date Event Price
Jun 3, 2014 Sold
Premium
Sold
Jan 28, 2014 Listed by Carriage Hills Realty Inc $300,000
Listed by Carriage Hills Realty Inc
Jan 23, 2001 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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: 420
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 45,994
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 2,300
  • Total Building Area: 3,764
  • Gross Building Area: 3,764
  • Building Area: 3,105
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,105
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEDGEWOOD ACRES
  • Land Acres: 0000001056
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: COM NW COR AND S R/W WEDGEWOOD LANE E235.39FT TO POB E230FT S200FT W230FT N200FT TO POB

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020500

Geography

  • Assessors Map Reference: 15B
  • Parcel: 07-3N-23-0000-0005-0250
  • Lot: 9
  • Meridian: SEC 07 TWN 03N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.7803
  • Longitude: -86.5915

    Address

  • Full Address: 241 Wedgewood Ln
  • Address - House Number: 241
  • Address - Street Name: Wedgewood
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Crestview
  • Carrier Code: C001
  • 4-Digit Zip Code: 1503
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 3,408
  • Tax Year: 2023
  • Tax Amount: $365,024
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.193
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 527,179
  • High Value: 628,938
  • Low Value: 425,420

    Market Valuation

  • Market Total Value: $416,943
  • Market Land Value: $35,903
  • Market Improvement Value: $381,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $403,579

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 30, 2014
  • Current Sale Recording Date: Jun 03, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2931066
  • Previous Sale Recording Date: Jan 23, 2001
  • Previous Sale Contract Date: Jan 19, 2001
  • Previous Sale Amount: $27,500
  • Previous Sale Document Type: 71
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 Okaloosa

Stats & Trends

Median Asking:

$378,900

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

81

Average Home Size

1810 ft²

Average Home Age

28.5 years

Currently For Sale

1632 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: Sherri L Zimmerman, Carriage Hills Realty Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 612062
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 Wedgewood Lane built and last sold?
The property at 241 Wedgewood Lane was built in 2001 and last sold on May 30, 2014 for $294,000.
How much is this home worth?
The estimated value of the home located at 241 Wedgewood Lane is $0.
What are some comparable homes to 241 Wedgewood Lane?
There are currently no comparable homes to 241 Wedgewood Lane.
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