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Okaloosa 32569
40 Lee Lane
$400,000
● House - Off Market

40 Lee Lane

Mary Esther, FL 32569
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,958 Ft²
$399,003
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Don't miss this like new 2020 built home just mere miles from Hurlburt field. This all brick 4 bed, 2 bathroom home features an open concept floor plan with 10' heights in the main living area, 9' ceilings in the remaining rooms, and tray ceilings in living room and master bedroom. Other features include luxury vinyl plank flooring throughout with carpeting in bedrooms, stainless steel appliances, quartz counter tops and white shaker cabinets in the kitchen. The master bath has a tiled shower and a double vanity. Come see this beautiful home!
Unit Size
1,958 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$199
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
2020

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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 #897449)

Price History

Date / Event Date Event Price
Jul 14, 2022 Sold
Premium
Sold
May 3, 2022 Listed by Realty ONE Group Emerald Coast $390,000
Listed by Realty ONE Group Emerald Coast
Jun 29, 2020 Sold
Premium
Sold
Jan 10, 2020 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • 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: 0

    Dimensions

  • Lot Size Square Feet: 19,740
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,552
  • Gross Building Area: 2,552
  • Building Area: 1,958
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,958
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASA LOMA ADDITIONS SUBDIVISION
  • Land Acres: 0000000453
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 002
  • Mobile Home Indicator: T
  • Legal Description 1: BEG NW COR OF SW1/4 E 2948.08FT S 124FT W 140FT TO POB W 70FT S 94FT E 70FT N 94

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023100

Geography

  • Assessors Map Reference: 49
  • Parcel: 16-2S-25-0000-0035-017A
  • Block: 35
  • Meridian: SEC 16 TWN 02S RNG 25W
  • Municipality: FLOROSA FIRE (SW)
  • Latitude: 30.415
  • Longitude: -86.7569

    Address

  • Full Address: 40 Lee Ln
  • Address - House Number: 40
  • Address - Street Name: Lee
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Mary Esther
  • Carrier Code: R003
  • 4-Digit Zip Code: 1420
  • Zip Code: 32569

Valuation

    Tax

  • Total Area: 2,246
  • Tax Year: 2023
  • Tax Amount: $444,242
  • Tax Rate Code Area: 021

    Appraisal Valuation

  • Standard Deviation: 0.2608
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 62
  • Final Value: 417,887
  • High Value: 526,875
  • Low Value: 308,899

    Market Valuation

  • Market Total Value: $363,233
  • Market Land Value: $37,019
  • Market Improvement Value: $326,214

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $363,233
  • Assessed Land Value: $37,019
  • Assessed Improvements Value: $326,214

    Sales

  • Current Sale Contract Date: Jul 12, 2022
  • Current Sale Recording Date: Jul 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3564337
  • Previous Sale Recording Date: Jun 29, 2020
  • Previous Sale Contract Date: Jun 29, 2020
  • Previous Sale Amount: $306,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$378,533

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

81

Average Home Size

1814 ft²

Average Home Age

28.6 years

Currently For Sale

1650 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: Tarrah Minor, Realty ONE Group Emerald Coast
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 897449
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 40 Lee Lane built and last sold?
The property at 40 Lee Lane was built in 2020 and last sold on Jul 12, 2022 for $400,000.
How much is this home worth?
The estimated value of the home located at 40 Lee Lane is $399,608.
What are some comparable homes to 40 Lee Lane?
There are currently no comparable homes to 40 Lee Lane.
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