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Okaloosa 32578 Millers Run
4385 Vardon Way
$470,000
● House - Off Market

4385 Vardon Way

Niceville, FL 32578
bedrooms
3 Beds
bathrooms
2 Baths
$487,255
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Lovely home backing up to the golf course! All new SS appliances in kitchen. Freshly painted breakfast room. Doors leading to sunroom replaced with French doors with built-in blinds. New ceiling fans and blinds throughout home. New shades in sunroom. New storm door on front entry. All new hardware and faucet in kitchen. And, there is a termite bond with Bryan Pest Services! This place is move-in ready!!
Unit Size
-
Days on Market
37 days
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$290
HOA Dues
$242
Year Built
1999

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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 #927323)

Price History

Date / Event Date Event Price
Aug 16, 2023 Sold
Premium
Sold
Jul 10, 2023 Listed by The Premier Property Group $490,000
Listed by The Premier Property Group
Jul 12, 2022 Sold
Premium
Sold
May 20, 2022 No longer available -
No longer available
May 15, 2022 Listed by The Premier Property Group $485,000
Listed by The Premier Property Group
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • 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: 400
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 89
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,945
  • Total Building Area: 2,377
  • Gross Building Area: 2,377
  • Building Area: 1,755
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,755
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MILLERS RUN AT BWB
  • Land Acres: 0000000159
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: MILLERS RUN AT BWB LOT 21

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021002

Geography

  • Assessors Map Reference: 39
  • Parcel: 22-1S-22-4815-0000-0210
  • Block: 1
  • Lot: 21
  • Meridian: SEC 22 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.4813
  • Longitude: -86.4287

    Address

  • Full Address: 4385 Vardon Way
  • Address - House Number: 4385
  • Address - Street Name: Vardon
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Niceville
  • Carrier Code: R003
  • 4-Digit Zip Code: 3848
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,141
  • Tax Year: 2023
  • Tax Amount: $460,620
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.1937
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 477,336
  • High Value: 569,806
  • Low Value: 384,866

    Market Valuation

  • Market Total Value: $379,775
  • Market Land Value: $101,842
  • Market Improvement Value: $277,933

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $379,775
  • Assessed Land Value: $101,842
  • Assessed Improvements Value: $277,933

    Sales

  • Current Sale Contract Date: Aug 16, 2023
  • Current Sale Recording Date: Aug 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3641839
  • Previous Sale Recording Date: Jul 12, 2022
  • Previous Sale Contract Date: Jun 27, 2022
  • Previous Sale Amount: $485,000
  • 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 Bluewater Bay

Stats & Trends

Median Asking:

$495,000

Sale Price/ft²

$258

Below Asking

0.01%

Average Days on Market

67

Average Home Size

2074 ft²

Average Home Age

30.9 years

Currently For Sale

51 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: Cherie C Himes, The Premier Property Group
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 927323
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 4385 Vardon Way built and last sold?
The property at 4385 Vardon Way was built in 1999 and last sold on Aug 16, 2023 for $470,000.
How much is this home worth?
The estimated value of the home located at 4385 Vardon Way is $0.
What are some comparable homes to 4385 Vardon Way?
There are currently no comparable homes to 4385 Vardon Way.
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