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Okaloosa 32536 Lake Arthur Estates
3089 Zach Avenue
$197,600
● House - Off Market

3089 Zach Avenue

Crestview, FL 32536
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,014 Ft²
$328,941
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

PRICE DRASTICALLY CUT FOR QUICK SALE, VERY MOTIVATED SELLER...Must see custom home with many upgrades in beautiful waterfront community. Neighborhood located close to schools, churches and military facilities (16 miles to 7th Special Forces and 28 to Eglin AFB). Private lake and community area to enjoy. Home features large, open kitchen with granite counters, raised bar area and custom cabinets. Lovely formal dining room with lots of natural light. Open family room allows for easy socializing from kitchen to family room. Master bedroom provides a gorgeous sanctuary with trayed ceilings and beautiful windows. Master bath has separate shower, garden tub and double sinks. Lots of storage with custom built ins throughout the home. Info deemed reliable, buyer to verify.
Unit Size
2,014 Ft²
Days on Market
-
Land Size
-
Price per sqft
$98
Property Type
House
Property Taxes
$144
HOA Dues
$350
Year Built
2006

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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 #754151)

Price History

Date / Event Date Event Price
Feb 14, 2017 Sold
Premium
Sold
Jun 4, 2016 Listed by Harbeson Agency Inc $197,500
Listed by Harbeson Agency Inc
Dec 16, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 506
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,786
  • Total Building Area: 2,879
  • Gross Building Area: 2,879
  • Building Area: 2,014
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,014
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE ARTHUR EST
  • Land Acres: 0000000339
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LAKE ARTHUR EST PH I LOT 17 BLK E

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 6
  • Subdivision Phase Number: 1
  • Parcel: 15-4N-23-1000-000E-0170
  • Block: E
  • Lot: 17
  • Meridian: SEC 15 TWN 04N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.8456
  • Longitude: -86.5334

    Address

  • Full Address: 3089 Zach Ave
  • Address - House Number: 3089
  • Address - Street Name: Zach
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Crestview
  • Carrier Code: R003
  • 4-Digit Zip Code: 7214
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 2,373
  • Tax Year: 2023
  • Tax Amount: $156,948
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1965
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 371,642
  • High Value: 444,691
  • Low Value: 298,594

    Market Valuation

  • Market Total Value: $288,071
  • Market Land Value: $22,439
  • Market Improvement Value: $265,632

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $187,512

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 09, 2017
  • Current Sale Recording Date: Feb 14, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3117697
  • Previous Sale Recording Date: Dec 16, 2005
  • Previous Sale Contract Date: Dec 14, 2005
  • Previous Sale Amount: $29,600
  • Previous Sale Document Type: 20
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 Lake Arthur Estates

Stats & Trends

Median Asking:

$358,950

Sale Price/ft²

$170

Below Asking

0.03%

Average Days on Market

143

Average Home Size

1877 ft²

Average Home Age

16 years

Currently For Sale

1 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: Amy J Semenov, Harbeson Agency Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 754151
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 3089 Zach Avenue built and last sold?
The property at 3089 Zach Avenue was built in 2006 and last sold on Feb 9, 2017 for $197,500.
How much is this home worth?
The estimated value of the home located at 3089 Zach Avenue is $199,797.
What are some comparable homes to 3089 Zach Avenue?
There are currently no comparable homes to 3089 Zach Avenue.
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