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Okaloosa 32536
2618 Lake Silver Road
$108,500
● House - Off Market

2618 Lake Silver Road

Crestview, FL 32536
bedrooms
3 Beds
bathrooms
2 Baths
$158,868
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Real Estate Owned REO. Attractive 3 bedroom, 2 bath home situated on an acre lot and located directly on Lake Silver Rd before the Silver Spring and Silverwoods Estates corner turn. Home has wood burning fireplace, 1 car garage, workshop and Florida room. Tile in kitchen and bathrooms. Call to take a look today at 2618 Lake Silver Road.
Unit Size
-
Days on Market
48 days
Land Size
1.00 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1987

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 7 months ago (ECAR #800096)

Price History

Date / Event Date Event Price
Jun 2, 2023 Sold
Premium
Sold
Jul 20, 2018 Sold
Premium
Sold
May 31, 2018 Listed by ERA American Real Estate $105,000
Listed by ERA American Real Estate
May 2, 2018 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 300
  • Parking Space Count: 1
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,970
  • Gross Building Area: 1,970
  • Building Area: 1,291
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,291
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: COM NE COR OF SE1/4 OF NE1/4 W33 FT TO POB CONT W348.5 FT S125 FT E348.5

Neighborhood

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

Geography

  • Assessors Map Reference: 11
  • Parcel: 30-4N-23-0000-0003-0020
  • Block: 3
  • Meridian: SEC 30 TWN 04N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.8202
  • Longitude: -86.5758

    Address

  • Full Address: 2618 Lake Silver Rd
  • Address - House Number: 2618
  • Address - Street Name: Lake Silver
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Crestview
  • Carrier Code: R018
  • 4-Digit Zip Code: 9337
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 1,743
  • Tax Year: 2023
  • Tax Amount: $94,791
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1835
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 241,577
  • High Value: 285,918
  • Low Value: 197,236

    Market Valuation

  • Market Total Value: $178,092
  • Market Land Value: $21,907
  • Market Improvement Value: $156,185

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $122,969

    Sales

  • Current Sale Contract Date: May 30, 2023
  • Current Sale Recording Date: Jun 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3627363
  • Previous Sale Recording Date: Jul 20, 2018
  • Previous Sale Contract Date: Jul 20, 2018
  • Previous Sale Amount: $108,500
  • Previous Sale Document Type: 68

    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 Okaloosa

Stats & Trends

Median Asking:

$371,900

Sale Price/ft²

$219

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1848 ft²

Average Home Age

28.9 years

Currently For Sale

2388 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

Rentals Near You

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ECAR

Listed by: Brandon Jordan, ERA American Real Estate
Last Updated: 7 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 800096
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 2618 Lake Silver Road built and last sold?
The property at 2618 Lake Silver Road was built in 1987 and last sold on May 30, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 2618 Lake Silver Road is $0.
What are some comparable homes to 2618 Lake Silver Road?
There are currently no comparable homes to 2618 Lake Silver Road.
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