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Lake Lorraine 32579 Shalimar Pointe
39 Lake Lorraine Circle
$390,000
● House - Off Market

39 Lake Lorraine Circle

Shalimar, FL 32579
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,776 Ft²
$736,450
RealtyHop Estimate
86.44%
Since Feb 1, 2015
National-US
Primary Model

About This Property

Beautiful brick home with gorgeous views of the Shalimar golf course. Located only minutes from Eglin AFB. This home has been refurbished with many upgrades. A new kitchen that has upgraded appliances, granite countertops and a central island with additional storage. Plenty of room for family and friends as there is a formal living room, family room and game room and even a sauna! The master suite is a private getaway with a state of the art en suite. Relax in the whirlpool tub, or shower in the custom step in tile shower. You can access the in ground pool from the master as well as the family room and kitchen. The large, lushly landscaped backyard overlooks the pool and golf course. Nice patio that is great for barbeques. Too many extras to list about this home!
Unit Size
2,776 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$142
Property Type
House
Property Taxes
$196
HOA Dues
-
Year Built
1978

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Cap Rate Calculator

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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 #720230)

Price History

Date / Event Date Event Price
Feb 2, 2015 Sold
Premium
Sold
Dec 19, 2014 Listed by ERA American Real Estate $395,000
Listed by ERA American Real Estate
Aug 12, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • 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: 440
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,559
  • Lot Size Frontage Feet: 930
  • Total Building Area: 3,567
  • Gross Building Area: 3,567
  • Building Area: 2,776
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,776
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE LORRAINE EST
  • Land Acres: 0000000334
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LAKE LORRAINE EST 3RD LOT 20 BLK 1

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021502

Geography

  • Assessors Map Reference: 19
  • Parcel: 04-2S-23-1435-0001-0200
  • Block: 1
  • Lot: 20
  • Meridian: SEC 04 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4442
  • Longitude: -86.5532

    Address

  • Full Address: 39 Lake Lorraine Cir
  • Address - House Number: 39
  • Address - Street Name: Lake Lorraine
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C002
  • 4-Digit Zip Code: 1617
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 3,051
  • Tax Year: 2023
  • Tax Amount: $338,678
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 569,680
  • High Value: 671,226
  • Low Value: 468,133

    Market Valuation

  • Market Total Value: $456,362
  • Market Land Value: $119,140
  • Market Improvement Value: $337,222

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $312,505

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 30, 2015
  • Current Sale Recording Date: Feb 02, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2975945
  • Previous Sale Recording Date: Aug 12, 2005
  • Previous Sale Contract Date: Jul 20, 2005
  • Previous Sale Amount: $385,000
  • 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 Shalimar Pointe

Stats & Trends

Median Asking:

$527,450

Sale Price/ft²

$227

Below Asking

0.02%

Average Days on Market

70

Average Home Size

3017 ft²

Average Home Age

35.1 years

Currently For Sale

23 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: Karen L Lichauer, ERA American Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 720230
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 39 Lake Lorraine Circle built and last sold?
The property at 39 Lake Lorraine Circle was built in 1978 and last sold on Jan 30, 2015 for $390,000.
How much is this home worth?
The estimated value of the home located at 39 Lake Lorraine Circle is $409,414.
What are some comparable homes to 39 Lake Lorraine Circle?
There are currently no comparable homes to 39 Lake Lorraine Circle.
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