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Okaloosa 32578 Rocky Bayou
243 Wava Avenue
$375,000
● House - Off Market

243 Wava Avenue

Niceville, FL 32578
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
2,981 Ft²
$670,329
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

This is a beautiful 6 bedroom, 3.5 bath REO home on a great .58 acre lot in Rocky Bayou! The home features new carpet, fresh paint, brand new stainless steel appliances in the tiled kitchen, new HVAC, a cozy fireplace, hardwood flooring and a mother-in-law type suite with separate kitchenette! The fenced in pool is a wonderful addition to outdoor living. The location is close to shopping, schools and employment opportunities. This is a Fannie Mae Homepath Property.convenient to Military bases, schools, shopping and employment opportunities.
Unit Size
2,981 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$132
Property Type
House
Property Taxes
$341
HOA Dues
$125
Year Built
1991

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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 #746740)

Price History

Date / Event Date Event Price
May 18, 2022 Sold
Premium
Sold
Dec 23, 2019 Sold
Premium
Sold
Nov 9, 2019 No longer available -
No longer available
Sep 6, 2019 Listed by Keller Williams Realty Destin $550,000
Listed by Keller Williams Realty Destin
Jun 17, 2016 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 1,111
  • Garage Type: 1
  • Garage Square Area: 575
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 25,251
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 4,245
  • Gross Building Area: 4,245
  • Building Area: 2,981
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,981
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROCKY BAYOU CC EST
  • Land Acres: 0000000580
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: ROCKY BAYOU CC EST #3 LOT 53

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020900

Geography

  • Assessors Map Reference: 24
  • Parcel: 03-1S-22-5003-0000-0530
  • Lot: 53
  • Meridian: SEC 03 TWN 01S RNG 22W
  • Municipality: EAST NICEVILLE FIRE
  • Latitude: 30.5207
  • Longitude: -86.4442

    Address

  • Full Address: 243 Wava Ave
  • Address - House Number: 243
  • Address - Street Name: Wava
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Niceville
  • Carrier Code: R013
  • 4-Digit Zip Code: 1719
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 3,555
  • Tax Year: 2023
  • Tax Amount: $666,961
  • Tax Rate Code Area: 015

    Appraisal Valuation

  • Standard Deviation: 0.2576
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 63
  • Final Value: 776,628
  • High Value: 976,717
  • Low Value: 576,539

    Market Valuation

  • Market Total Value: $556,350
  • Market Land Value: $142,862
  • Market Improvement Value: $413,488

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $556,350
  • Assessed Land Value: $142,862
  • Assessed Improvements Value: $413,488

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 17, 2022
  • Current Sale Recording Date: May 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3551091
  • Previous Sale Recording Date: Dec 23, 2019
  • Previous Sale Contract Date: Dec 19, 2019
  • Previous Sale Amount: $525,000
  • 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 Rocky Bayou

Stats & Trends

Median Asking:

$679,900

Sale Price/ft²

$258

Below Asking

0.02%

Average Days on Market

83

Average Home Size

2389 ft²

Average Home Age

37.8 years

Currently For Sale

8 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: The Kelly Group Team, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 746740
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 243 Wava Avenue built and last sold?
The property at 243 Wava Avenue was built in 1991 and last sold on May 17, 2022 for $730,000.
How much is this home worth?
The estimated value of the home located at 243 Wava Avenue is $548,054.
What are some comparable homes to 243 Wava Avenue?
There are currently no comparable homes to 243 Wava Avenue.
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