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Okaloosa 32539
3607 Poverty Creek Road
$295,000
● House - Off Market

3607 Poverty Creek Road

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths
$1,624
Est. Monthly
6.77%
Cap Rate

About This Property

Brick Home with one car detached bricked garage. Home is being split out of a larger parcel and will convey with 2 acres.  Home is mostly original, an additional living room was added in early 2000s. A great opportunity for an investor of homeowner who wants to refresh the home. Detached building could be a guest house or income-producing rental. Seller is selling the home in as is condition. Sheds behind home do convey.
Unit Size
-
Days on Market
94 days
Land Size
2.25 acres
Price per sqft
-
Property Type
House
Property Taxes
$102
HOA Dues
-
Year Built
1972

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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 #974291)

Price History

Date / Event Date Event Price
Jul 21, 2025 Sold
Premium
Sold
May 9, 2025 In contract -
In contract
Apr 18, 2025 Listed by The Property Group 850 Inc $309,900
Listed by The Property Group 850 Inc
Feb 18, 2025 Sold
Premium
Sold
Jan 29, 2025 In contract -
In contract
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • 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
  • Parking Type: 1
  • Garage Type: 4
  • Garage Square Area: 625
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 486,565
  • Total Building Area: 4,407
  • Gross Building Area: 4,407
  • Building Area: 4,407
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,575
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Land Acres: 0000011170
  • Standard Land Use Code: 7000
  • County Land Use Code: 005000
  • State Land Use Code: 050
  • Legal Description 1: BEG NW COR OF SW1/4 OF SW1/4 S602 FT TO R/W S79 DEG E744.12 FT N700 FT

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020305

Geography

  • Assessors Map Reference: 12
  • Parcel: 30-4N-22-0000-0008-0070
  • Block: 8
  • Meridian: SEC 30 TWN 04N RNG 22W
  • Municipality: COUNTY
  • Latitude: 30.8113
  • Longitude: -86.4912

    Address

  • Full Address: 3607 Poverty Creek Rd
  • Address - House Number: 3607
  • Address - Street Name: Poverty Creek
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Crestview
  • Carrier Code: R008
  • 4-Digit Zip Code: 9738
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 3,187
  • Tax Year: 2023
  • Tax Amount: $119,230
  • Tax Rate Code Area: 001

    Market Valuation

  • Market Total Value: $307,751
  • Market Land Value: $57,202
  • Market Improvement Value: $250,549

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $153,396

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes
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 Okaloosa

Stats & Trends

Median Asking:

$371,900

Sale Price/ft²

$219

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1847 ft²

Average Home Age

28.9 years

Currently For Sale

2368 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: Catherine B Pittman, The Property Group 850 Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 974291
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 3607 Poverty Creek Road built and last sold?
The property at 3607 Poverty Creek Road was built in 1972 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3607 Poverty Creek Road is $0.
What are some comparable homes to 3607 Poverty Creek Road?
There are currently no comparable homes to 3607 Poverty Creek Road.
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