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Okaloosa 32548 Santa Rosa Island
417 Cobia Drive
$315,000
● House - Off Market

417 Cobia Drive

Fort Walton Beach, FL 32548
bedrooms
3 Beds
bathrooms
3 Baths
$467,430
RealtyHop Estimate
48.39%
Since May 1, 2019
National-US
Primary Model

About This Property

This listing is for comp purposes only. Private sale scheduled to close 4/1/19. Property being sold AS-IS. Remodeled kitchen with tile backsplash, granite countertops, S/S appliances. Small kitchen down, primary kitchen up. Tankless gas water heater, gas fireplace, in-ground pool, outdoor kitchen area. Home needs work.
Unit Size
-
Days on Market
7 days
Land Size
0.32 acres
Price per sqft
-
Property Type
House
Property Taxes
$242
HOA Dues
-
Year Built
1972

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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 #818936)

Price History

Date / Event Date Event Price
Apr 3, 2019 Sold
Premium
Sold
Mar 25, 2019 Listed by Coldwell Banker Realty $315,000
Listed by Coldwell Banker Realty
Jul 15, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 13,804
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 3,120
  • Gross Building Area: 3,120
  • Building Area: 2,126
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,126
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANTA ROSA ISLAND
  • Land Acres: 0000000317
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SANTA ROSA ISLAND LOT 144 BLK 4

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023200

Geography

  • Assessors Map Reference: 18
  • Parcel: 00-2S-24-2185-0004-0144
  • Block: 4
  • Lot: 144
  • Municipality: OKALOOSA ISLAND FIRE
  • Latitude: 30.3976
  • Longitude: -86.6084

    Address

  • Full Address: 417 Cobia Ave
  • Address - House Number: 417
  • Address - Street Name: Cobia
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Fort Walton Beach
  • Carrier Code: C017
  • 4-Digit Zip Code: 6927
  • Zip Code: 32548

Valuation

    Tax

  • Total Area: 2,190
  • Tax Year: 2023
  • Tax Amount: $304,143
  • Tax Rate Code Area: 013

    Appraisal Valuation

  • Standard Deviation: 0.1969
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 536,806
  • High Value: 642,526
  • Low Value: 431,086

    Market Valuation

  • Market Total Value: $366,717
  • Market Land Value: $136,624
  • Market Improvement Value: $230,093

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $267,889

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 01, 2019
  • Current Sale Recording Date: Apr 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3268957
  • Previous Sale Recording Date: Jul 15, 2015
  • Previous Sale Contract Date: Jul 08, 2015
  • Previous Sale Amount: $350,000
  • 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 Santa Rosa Island

Stats & Trends

Median Asking:

$500,000

Sale Price/ft²

$458

Below Asking

0.02%

Average Days on Market

116

Average Home Size

1223 ft²

Average Home Age

34.1 years

Currently For Sale

168 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: Lisa Lethcoe, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 818936
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 417 Cobia Drive built and last sold?
The property at 417 Cobia Drive was built in 1972 and last sold on Apr 1, 2019 for $315,000.
How much is this home worth?
The estimated value of the home located at 417 Cobia Drive is $318,150.
What are some comparable homes to 417 Cobia Drive?
There are currently no comparable homes to 417 Cobia Drive.
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