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Okaloosa 32539 Garden City
3181 Chestnut Street
$220,000
● House - Off Market

3181 Chestnut Street

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,372 Ft²
$1,189
Est. Monthly
8.02%
Cap Rate

About This Property

Beautiful starter home with COUNTY TAXES! This affordable home features an open spacious kitchen with breakfast bar and cherry cabinets with tons of storage. Refrigerator is 1.5 years old and the dishwasher is 3 years old. Fresh paint throughout, new water heater, new flooring in the bedrooms and main living area. HVAC replaced in 2017. The back door leads to open patio into a fenced backyard. The only thing this home is missing is you. Make your best offer today!
Unit Size
1,372 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$168
Property Type
House
Property Taxes
$59
HOA Dues
-
Year Built
2007

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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 #960623)

Price History

Date / Event Date Event Price
Mar 28, 2025 Sold
Premium
Sold
Feb 22, 2025 In contract -
In contract
Jan 31, 2025 Price Decreased $229,900
↓ $10K (4.2%)
Price Decreased
Oct 7, 2024 Listed by Coastal Realty Services $239,900
Listed by Coastal Realty Services
Oct 1, 2009 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 264
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,266
  • Lot Size Frontage Feet: 4,000
  • Total Building Area: 1,740
  • Gross Building Area: 1,740
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GARDEN CITY
  • Land Acres: 0000000167
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: GARDEN CITY LOT 1 BLK 20

Neighborhood

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

Geography

  • Assessors Map Reference: 11
  • Parcel: 15-4N-23-1020-0020-0010
  • Block: 20
  • Lot: 1
  • Meridian: SEC 15 TWN 04N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.8393
  • Longitude: -86.5264

    Address

  • Full Address: 3181 Chestnut St
  • Address - House Number: 3181
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: FL
  • City Name: Crestview
  • Carrier Code: R004
  • 4-Digit Zip Code: 5401
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 1,528
  • Tax Year: 2023
  • Tax Amount: $71,119
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.4674
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 6
  • Final Value: 177,422
  • High Value: 260,360
  • Low Value: 94,483

    Market Valuation

  • Market Total Value: $166,723
  • Market Land Value: $22,439
  • Market Improvement Value: $144,284

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $98,389

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 29, 2009
  • Current Sale Recording Date: Oct 01, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 20
  • Current Sale Input Document Number: 2592600
  • Previous Sale Recording Date: May 08, 2007
  • Previous Sale Contract Date: Mar 26, 2007
  • Previous Sale Amount: $21,300
  • 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 Garden City

Stats & Trends

Median Asking:

$297,000

Sale Price/ft²

$171

Above Asking

0.00%

Average Days on Market

83

Average Home Size

1402 ft²

Average Home Age

8.5 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: Keri L Carpenter, Coastal Realty Services
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 960623
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 3181 Chestnut Street built and last sold?
The property at 3181 Chestnut Street was built in 2007 and last sold on Sep 29, 2009 for $105,000.
How much is this home worth?
The estimated value of the home located at 3181 Chestnut Street is $0.
What are some comparable homes to 3181 Chestnut Street?
There are currently no comparable homes to 3181 Chestnut Street.
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