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Lake Lorraine 32579 Port Dixie
36 5th Street
$377,000
● House - Off Market

36 5th Street

Shalimar, FL 32579
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$2,083
Est. Monthly
5.55%
Cap Rate

About This Property

Indulge in this completely refurbished abode in Shalimar, showcasing a 2024 roof, 2018 air conditioning system, and 2013 hot water heater. Updates encompass a sleek new kitchen with granite countertops and stainless steel appliances, revamped bathrooms, brand new floors, and freshly painted surfaces with contemporary texture and paint.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
-
Price per sqft
$266
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
1994

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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 #953530)

Price History

Date / Event Date Event Price
Aug 16, 2024 Sold
Premium
Sold
Jun 29, 2024 Listed by Bay Living Inc $379,900
Listed by Bay Living Inc
May 13, 2004 Sold
Premium
Sold
Jun 6, 2001 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • 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: 19
  • 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: 400
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,692
  • Total Building Area: 1,912
  • Gross Building Area: 1,912
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNRISE VILLAGE S/D
  • Land Acres: 0000000131
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SUNRISE VILLAGE S/D LOT 2

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021501

Geography

  • Assessors Map Reference: 44
  • Parcel: 05-2S-23-2089-0000-0020
  • Lot: 2
  • Meridian: SEC 05 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.441
  • Longitude: -86.5746

    Address

  • Full Address: 36 5th St
  • Address - House Number: 36
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C008
  • 4-Digit Zip Code: 1854
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 1,673
  • Tax Year: 2023
  • Tax Amount: $261,046
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.2099
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 313,416
  • High Value: 379,213
  • Low Value: 247,619

    Market Valuation

  • Market Total Value: $223,931
  • Market Land Value: $52,383
  • Market Improvement Value: $171,548

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,931
  • Assessed Land Value: $52,383
  • Assessed Improvements Value: $171,548

    Sales

  • Current Sale Contract Date: Apr 30, 2004
  • Current Sale Recording Date: May 13, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2120978
  • Previous Sale Recording Date: Jun 06, 2001
  • Previous Sale Contract Date: May 31, 2001
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: 71
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 Port Dixie

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$217

Below Asking

0.02%

Average Days on Market

69

Average Home Size

1707 ft²

Average Home Age

38.9 years

Currently For Sale

37 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: Edward G Thornburg Jr, Bay Living Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 953530
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 36 5th Street built and last sold?
The property at 36 5th Street was built in 1994 and last sold on Apr 30, 2004 for $130,000.
How much is this home worth?
The estimated value of the home located at 36 5th Street is $0.
What are some comparable homes to 36 5th Street?
There are currently no comparable homes to 36 5th Street.
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