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Okaloosa 32539
4512 Sunburst Drive
$200,000
● Mobile Manufactured - Off Market

4512 Sunburst Drive

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,584 Ft²
$1,178
Est. Monthly
10.19%
Cap Rate

About This Property

Are you in search of an amazing opportunity? Look no further than this 14+/- Acre property With 2 homes. Boasting endless possibilities, whether you're looking to build your dream home or invest in a rental property complete with well water, power and septic. Enjoy easy access to major highways like Hwy 90, Hwy 393, Hwy 85, Hwy 2, and I-10, the entire region is at your fingertips. Imagine the convenience of being just a short drive from both the Okaloosa Industrial Park and the breathtaking natural beauty of the Shoal River Ranch and nearby beaches, local schools, a hospital, and a variety of restaurants.

What's more, this property is zoned as agricultural, allowing you the freedom to explore a wide range of potential uses. Don't miss out on the chance to make this your perfect oasis.
Unit Size
1,584 Ft²
Days on Market
-
Land Size
14.52 acres
Price per sqft
$145
Property Type
Mobile Manufactured
Property Taxes
$49
HOA Dues
-
Year Built
1992

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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 #946616)

Price History

Date / Event Date Event Price
Dec 4, 2024 Sold
Premium
Sold
Apr 5, 2024 Listed by RE/MAX Agency One $229,900
Listed by RE/MAX Agency One

Property Highlights

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 58
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 632,491
  • Total Building Area: 2,472
  • Gross Building Area: 2,472
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 14
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000014520
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 002
  • Mobile Home Indicator: T
  • Legal Description 1: COM NE COR OF NW1/4 OF NE1/4 W 84.4 FT N 627 FT W 1270.2 FT S 1353 FT W 494.16 FT N 53 DEG

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020200

Geography

  • Assessors Map Reference: 12
  • Parcel: 26-4N-22-0000-0003-0020
  • Block: 3
  • Meridian: SEC 26 TWN 04N RNG 22W
  • Municipality: COUNTY
  • Latitude: 30.8202
  • Longitude: -86.4151

    Address

  • Full Address: 4512 Sunburst Dr W
  • Address - House Number: 4512
  • Street Segment Direction: W
  • Address - Street Name: Sunburst
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: R001
  • 4-Digit Zip Code: 8261
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 1,806
  • Tax Year: 2023
  • Tax Amount: $60,752
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1275
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 85
  • Final Value: 188,873
  • High Value: 212,968
  • Low Value: 164,778

    Market Valuation

  • Market Total Value: $121,626
  • Market Land Value: $83,005
  • Market Improvement Value: $38,621

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $76,478

    Exemptions

  • Homeowner Exemption: Yes
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:

$371,900

Sale Price/ft²

$219

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1852 ft²

Average Home Age

28.9 years

Currently For Sale

2370 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

Rentals Near You

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ECAR

Listed by: Your House Team, RE/MAX Agency One
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 946616
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 4512 Sunburst Drive built and last sold?
The property at 4512 Sunburst Drive was built in 1992 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4512 Sunburst Drive is $0.
What are some comparable homes to 4512 Sunburst Drive?
There are currently no comparable homes to 4512 Sunburst Drive.
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