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Okaloosa 32536 Silver Oaks
2640 Paddock Circle
$355,000
● House - Off Market

2640 Paddock Circle

Crestview, FL 32536
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,042 Ft²
$2,457
Est. Monthly
$385
HOA / Fees
5.38%
Cap Rate

About This Property

Area playground, sidewalk neighborhood and relaxing community pool!   This home is move in ready for you, located in the highly sought after Silver Oaks subdivision! A spacious open-floor plan with 3 full bathrooms and 4 bedrooms, a large working kitchen with a center island and breakfast bar, and a Florida room - plenty of room! Fully fenced backyard and a community pool and playground! This home is freshly repainted and ready for YOU!  **New roof - 2024; New A/C - 2023; New water heater - 2023**
Unit Size
3,042 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$122
Property Type
House
Property Taxes
$255
HOA Dues
$385
Year Built
2004

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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 #953642)

Price History

Date / Event Date Event Price
Nov 18, 2024 Sold
Premium
Sold
Jul 1, 2024 Listed by Spence Properties $370,000
Listed by Spence Properties
May 28, 2004 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 4
  • 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: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,182
  • Total Building Area: 3,782
  • Gross Building Area: 3,782
  • Building Area: 3,042
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,042
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SILVER OAKS
  • Land Acres: 0000000394
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SILVER OAKS PH II LOT 38 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020303

Geography

  • Assessors Map Reference: 11
  • Subdivision Phase Number: 2
  • Parcel: 32-4N-23-2234-000A-0380
  • Block: A
  • Lot: 38
  • Meridian: SEC 32 TWN 04N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.8091
  • Longitude: -86.5696

    Address

  • Full Address: 2640 Paddock Cir
  • Address - House Number: 2640
  • Address - Street Name: Paddock
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Crestview
  • Carrier Code: R026
  • 4-Digit Zip Code: 4359
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 3,427
  • Tax Year: 2023
  • Tax Amount: $305,700
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 441,508
  • High Value: 520,208
  • Low Value: 362,808

    Market Valuation

  • Market Total Value: $330,852
  • Market Land Value: $35,903
  • Market Improvement Value: $294,949

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $330,852
  • Assessed Land Value: $35,903
  • Assessed Improvements Value: $294,949

    Sales

  • Current Sale Contract Date: May 26, 2004
  • Current Sale Recording Date: May 28, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2126154
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 Silver Oaks

Stats & Trends

Median Asking:

$374,950

Sale Price/ft²

$159

Below Asking

0.02%

Average Days on Market

53

Average Home Size

2972 ft²

Average Home Age

22.3 years

Currently For Sale

3 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

Click here to view more rentals in the neighborhood.
ECAR

Listed by: Cheri L Dickson, Spence Properties
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 953642
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 2640 Paddock Circle built and last sold?
The property at 2640 Paddock Circle was built in 2004 and last sold on May 26, 2004 for $197,700.
How much is this home worth?
The estimated value of the home located at 2640 Paddock Circle is $0.
What are some comparable homes to 2640 Paddock Circle?
There are currently no comparable homes to 2640 Paddock Circle.
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