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Okaloosa 32578 Rocky Bayou
425 MARION Drive
$399,900
● House - Off Market

425 MARION Drive

Niceville, FL 32578
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,792 Ft²
$682,958
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

2 New HVAC units and 2 water heaters just installed May 1, 2016. Have you been looking for a spacious home on a large lot in Niceville for the right price? This home has been renovated and features 5 bedrooms, 3 full baths on an almost half acre lot near the 11th green of Rocky Bayou Country Club. The Kitchen features NEW white shaker cabinetry with soft close doors and drawers along with GRANITE counters and STAINLESS STEEL appliances. The main living areas features stylish crown molding while the living room boasts a wood burning fireplace with new stacked stone surround. The home has NEW VINYL WINDOWS and sliding glass doors throughout the home. The master bath overlooks the golf course and the bathroom features a double vanity and custom tiled shower with rain shower head.
Unit Size
2,792 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$143
Property Type
House
Property Taxes
$280
HOA Dues
$120
Year Built
1976

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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 #744797)

Price History

Date / Event Date Event Price
Jun 22, 2021 Sold
Premium
Sold
May 31, 2016 Sold
Premium
Sold
Jan 19, 2016 Listed by Sound Choice Real Estate LLC $399,900
Listed by Sound Choice Real Estate LLC
Jul 14, 2015 Sold
Premium
Sold
Sep 26, 2014 Listed by Sound Choice Real Estate LLC $295,000
Listed by Sound Choice Real Estate LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 546
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 19,049
  • Lot Size Frontage Feet: 1,270
  • Total Building Area: 3,814
  • Gross Building Area: 3,814
  • Building Area: 2,792
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,792
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROCKY BAYOU CC EST
  • Land Acres: 0000000437
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: ROCKY BAYOU CC EST #1 LOT 35 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020900

Geography

  • Assessors Map Reference: 24
  • Parcel: 03-1S-22-5000-000A-0350
  • Block: A
  • Lot: 35
  • Meridian: SEC 03 TWN 01S RNG 22W
  • Municipality: EAST NICEVILLE FIRE
  • Latitude: 30.5252
  • Longitude: -86.4413

    Address

  • Full Address: 425 Marion Dr
  • Address - House Number: 425
  • Address - Street Name: Marion
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Niceville
  • Carrier Code: R013
  • 4-Digit Zip Code: 1705
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 3,192
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 015

    Appraisal Valuation

  • Standard Deviation: 0.1942
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 723,445
  • High Value: 863,962
  • Low Value: 582,928

    Market Valuation

  • Market Total Value: $520,963
  • Market Land Value: $141,773
  • Market Improvement Value: $379,190

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $509,485

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 17, 2021
  • Current Sale Recording Date: Jun 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3465414
  • Previous Sale Recording Date: May 31, 2016
  • Previous Sale Contract Date: May 27, 2016
  • Previous Sale Amount: $399,900
  • 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 Rocky Bayou

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$260

Below Asking

0.02%

Average Days on Market

83

Average Home Size

2523 ft²

Average Home Age

33.4 years

Currently For Sale

5 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: Andrew Tidwell, Sound Choice Real Estate LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 744797
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 425 Marion Drive built and last sold?
The property at 425 Marion Drive was built in 1976 and last sold on Jun 17, 2021 for $645,000.
How much is this home worth?
The estimated value of the home located at 425 Marion Drive is $0.
What are some comparable homes to 425 Marion Drive?
There are currently no comparable homes to 425 Marion Drive.
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