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Crestview 32536
404 W 1st Avenue West Avenue
$40,000
● House - Off Market

404 W 1st Avenue West Avenue

Crestview, FL 32536
bedrooms
2 Beds
bathrooms
2 Baths
square feet
914 Ft²
$80,557
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Brick home with metal roof and car port. Home needs work and is being sold as is, but could make a nice single family home. This property is on a quiet street close to Hwy 90 that has several properties zoned commercial, so the possibility of changing the zoning exists. The VALUE is in the large .33 flat corner lot which would be great for a new build.
Unit Size
914 Ft²
Days on Market
-
Land Size
-
Price per sqft
$60
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1943

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #832947)

Price History

Date / Event Date Event Price
Jul 21, 2021 Sold
Premium
Sold
Nov 1, 2019 Sold
Premium
Sold
Oct 7, 2019 Listed by Berkshire Hathaway HomeServices PenFed Realty $55,000
Listed by Berkshire Hathaway HomeServices PenFed Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1985
  • 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: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 216
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,229
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,404
  • Gross Building Area: 1,404
  • Building Area: 914
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 914
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOLLAND ADD
  • Land Acres: 0000000327
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: HOLLAND ADD E1/2 LOT 14 & ALL LOT 15 BLK 1

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020500

Geography

  • Assessors Map Reference: 15B
  • Parcel: 07-3N-23-1180-0001-0140
  • Block: 1
  • Lot: 14,15
  • Meridian: SEC 07 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.7663
  • Longitude: -86.5826

    Address

  • Full Address: 404 W 1st Ave
  • Address - House Number: 404
  • Street Direction: W
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Crestview
  • Carrier Code: C001
  • 4-Digit Zip Code: 2438
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 1,146
  • Tax Year: 2023
  • Tax Amount: $217,962
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.1835
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 206,869
  • High Value: 244,839
  • Low Value: 168,899

    Market Valuation

  • Market Total Value: $134,729
  • Market Land Value: $21,949
  • Market Improvement Value: $112,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $134,729
  • Assessed Land Value: $21,949
  • Assessed Improvements Value: $112,780

    Sales

  • Current Sale Contract Date: Jul 19, 2021
  • Current Sale Recording Date: Jul 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3473605
  • Previous Sale Recording Date: Nov 01, 2019
  • Previous Sale Contract Date: Oct 29, 2019
  • Previous Sale Amount: $40,000
  • 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 Crestview

Stats & Trends

Median Asking:

$281,450

Sale Price/ft²

$166

Below Asking

0.03%

Average Days on Market

74

Average Home Size

1824 ft²

Average Home Age

22.7 years

Currently For Sale

192 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: Amanda Grandy, Berkshire Hathaway HomeServices PenFed Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 832947
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 404 West 1st Avenue built and last sold?
The property at 404 West 1st Avenue was built in 1943 and last sold on Jul 19, 2021 for $185,000.
How much is this home worth?
The estimated value of the home located at 404 West 1st Avenue is $0.
What are some comparable homes to 404 West 1st Avenue?
There are currently no comparable homes to 404 West 1st Avenue.
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