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Niceville 32578 Cedar Ridge North
3933 Balsam Drive
$350,000
● House - Off Market

3933 Balsam Drive

Niceville, FL 32578
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,484 Ft²
$1,829
Est. Monthly
6.46%
Cap Rate

About This Property

Fantastic single story home in the desirable Cedar Ridge neighborhood of Niceville!

This home features vaulted ceilings, gorgeous wood floors, an updated master bath, a heated and cooled sun-room with a brand NEW mini-split, NEW roof, NEW water heater and NEW HVAC!
Unit Size
1,484 Ft²
Days on Market
-
Land Size
-
Price per sqft
$236
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
1991

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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 #966111)

Price History

Date / Event Date Event Price
Jan 23, 2025 Sold
Premium
Sold
Jan 10, 2025 Listed by Keller Williams Realty Nville $350,000
Listed by Keller Williams Realty Nville
Jan 9, 2008 Sold
Premium
Sold
Jun 6, 2005 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • 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: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 525
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,580
  • Total Building Area: 2,053
  • Gross Building Area: 2,053
  • Building Area: 1,324
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,324
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDAR RIDGE
  • Land Acres: 0000000128
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CEDAR RIDGE PH 7A LOT 178

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021101

Geography

  • Assessors Map Reference: 23
  • Subdivision Phase Number: 7A
  • Parcel: 06-1S-22-0387-0000-1780
  • Lot: 178
  • Meridian: SEC 06 TWN 01S RNG 22W
  • Municipality: NICEVILLE
  • Latitude: 30.5338
  • Longitude: -86.4799

    Address

  • Full Address: 3933 Balsam Dr
  • Address - House Number: 3933
  • Address - Street Name: Balsam
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: C002
  • 4-Digit Zip Code: 1143
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 1,661
  • Tax Year: 2023
  • Tax Amount: $131,451
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 339,905
  • High Value: 405,679
  • Low Value: 274,130

    Market Valuation

  • Market Total Value: $263,273
  • Market Land Value: $67,134
  • Market Improvement Value: $196,139

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $138,333

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 18, 2007
  • Current Sale Recording Date: Jan 09, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 2470568
  • Previous Sale Recording Date: Jun 06, 2005
  • Previous Sale Contract Date: May 31, 2005
  • Previous Sale Amount: $252,400
  • 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 Cedar Ridge North

Stats & Trends

Median Asking:

$327,500

Sale Price/ft²

$252

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1336 ft²

Average Home Age

35.9 years

Currently For Sale

0 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: Stefanie L Jamgochian, Keller Williams Realty Nville
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 966111
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 3933 Balsam Drive built and last sold?
The property at 3933 Balsam Drive was built in 1991 and last sold on Dec 18, 2007 for $178,600.
How much is this home worth?
The estimated value of the home located at 3933 Balsam Drive is $0.
What are some comparable homes to 3933 Balsam Drive?
There are currently no comparable homes to 3933 Balsam Drive.
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