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Crestview 32539
398 Lee Avenue
$31,300
● Land - Off Market

398 Lee Avenue

Crestview, FL 32539
bedrooms
Studio
bathrooms
0 Bath
$158
Est. Monthly

About This Property

Great Opportunity!! CITY ZONED  MIXED USE for Multi family or Commercial plans. Located in the middle of town with LOTS of new growth and just a short drive from local schools, hospital, south Publix, a variety of restaurants and Crestview Commons, Hwy 85 and I-10 are in close proximity to the property. Across the street from the pool at the ROC.
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1955

Payment Calculator

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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 #936920)

Price History

Date / Event Date Event Price
Mar 29, 2024 Sold
Premium
Sold
Nov 18, 2023 Listed by RE/MAX Agency One $32,000
Listed by RE/MAX Agency One
Jun 9, 2014 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Bedroom Count: 3
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 10
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 21
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,880
  • Lot Size Frontage Feet: 500
  • Total Building Area: 646
  • Gross Building Area: 706
  • Building Area: 646
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 12
  • Heating: 14
  • Heated Square Feet: 646
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: EDNEYS 3RD
  • Land Acres: 0000000158
  • Standard Land Use Code: 8000
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EDNEY 3RD LOT 6 BLK 3

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020701

Geography

  • Assessors Map Reference: 15B
  • Parcel: 08-3N-23-0743-0003-0060
  • Block: 3
  • Lot: 6
  • Meridian: SEC 08 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.7508
  • Longitude: -86.5612

    Address

  • Full Address: 398 Lee Ave
  • Address - House Number: 398
  • Address - Street Name: Lee
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Crestview
  • Carrier Code: C005
  • 4-Digit Zip Code: 4572
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 706
  • Tax Year: 2023
  • Tax Amount: $8,521
  • Tax Rate Code Area: 003

    Market Valuation

  • Market Total Value: $5,267
  • Market Land Value: $5,267

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,267
  • Assessed Land Value: $5,267

    Sales

  • Current Sale Contract Date: Jun 05, 2014
  • Current Sale Recording Date: Jun 09, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2931841
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 Crestview

Stats & Trends

Median Asking:

$284,000

Sale Price/ft²

$166

Below Asking

0.03%

Average Days on Market

74

Average Home Size

1818 ft²

Average Home Age

22.4 years

Currently For Sale

187 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: Your House Team, RE/MAX Agency One
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 936920
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 398 Lee Avenue built and last sold?
The property at 398 Lee Avenue was built in 1955 and last sold on Jun 5, 2014 for $20,000.
How much is this home worth?
The estimated value of the home located at 398 Lee Avenue is $0.
What are some comparable homes to 398 Lee Avenue?
There are currently no comparable homes to 398 Lee Avenue.
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