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Okaloosa 32536 Holly Hills
2823 Lake Silver Road
$127,500
● House - Off Market

2823 Lake Silver Road

Crestview, FL 32536
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,595 Ft²
$226,967
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

SELLER PAYS BUYERS CLOSING COSTS AND 1 YEAR HOME WARRANTY!!! Located at the beginning of beautiful Lake Silver Road, this home has so much potential! 3 bedrooms, 2 full baths, large 2 car garage (with additional work space), 2 workshops, plus an additional back bonus room! Kitchen with Breakfast Bar opens up in to living space with split bedroom plan. Just off the Kitchen offers a good sized laundry room (with utility sink) and pantry. Both Bathrooms feature double vanities. Home has lots of storage with large closets throughout! The cooler fall weather is a good time to enjoy sitting on the covered front AND back porch! This home has so many possibilities, view this one today!
Unit Size
1,595 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$85
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1993

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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: 2 years ago (ECAR MLS #763173)

Price History

Date / Event Date Event Price
Aug 1, 2022 Sold
Premium
Sold
Jun 20, 2022 No longer available -
No longer available
Jun 16, 2022 Price Decreased $295,000
↓ $15K (4.8%)
Price Decreased
Jun 3, 2022 Listed by ERA American Real Estate $309,900
Listed by ERA American Real Estate
Mar 4, 2019 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • 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: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 552
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,723
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,619
  • Gross Building Area: 2,619
  • Building Area: 1,595
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 19
  • Heated Square Feet: 1,595
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLLY HILLS S/D
  • Land Acres: 0000000292
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: HOLLY HILLS S/D LOT 14 BLK 4

Neighborhood

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

Geography

  • Assessors Map Reference: 11
  • Parcel: 28-4N-23-2840-0004-0140
  • Block: 4
  • Lot: 14
  • Meridian: SEC 28 TWN 04N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.8096
  • Longitude: -86.5569

    Address

  • Full Address: 2823 Lake Silver Rd
  • Address - House Number: 2823
  • Address - Street Name: Lake Silver
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Crestview
  • Carrier Code: R018
  • 4-Digit Zip Code: 9375
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 2,134
  • Tax Year: 2023
  • Tax Amount: $234,824
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2153
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 305,628
  • High Value: 371,431
  • Low Value: 239,824

    Market Valuation

  • Market Total Value: $232,597
  • Market Land Value: $28,698
  • Market Improvement Value: $203,899

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $232,597
  • Assessed Land Value: $28,698
  • Assessed Improvements Value: $203,899

    Sales

  • Current Sale Contract Date: Jul 28, 2022
  • Current Sale Recording Date: Aug 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3568524
  • Previous Sale Recording Date: Mar 04, 2019
  • Previous Sale Contract Date: Feb 28, 2019
  • Previous Sale Amount: $165,000
  • 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 Holly Hills

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

1548 ft²

Average Home Age

43 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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ECAR

Listed by: Rai DesGranges, ERA American Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 763173
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 2823 Lake Silver Road built and last sold?
The property at 2823 Lake Silver Road was built in 1993 and last sold on Jul 28, 2022 for $295,000.
How much is this home worth?
The estimated value of the home located at 2823 Lake Silver Road is $0.
What are some comparable homes to 2823 Lake Silver Road?
There are currently no comparable homes to 2823 Lake Silver Road.
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