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Okaloosa 32539
4609 Welch Drive
$290,000
● Mobile Manufactured - Off Market

4609 Welch Drive

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths
$1,482
Est. Monthly
6.78%
Cap Rate

About This Property

Pending with KICK-OUT Clause. Built in 2023, this spacious 1,920 sq ft double-wide manufactured home sits on 2.9 acres of prime Florida acreage, ideal for hunting and outdoor activities. Featuring modern touches, the home includes sleek mirrors with built-in ring lights, enhancing its contemporary appeal. With 3 bedrooms, 2 bathrooms, and a mix of luxury vinyl plank flooring in the living areas and carpeting in the bedrooms, this home offers both style and comfort. The master suite boasts a large walk-in closet, and all bedrooms offer generous closet space. The open kitchen and living areas are perfect for entertaining, and a spacious laundry room adds convenience. Enjoy stunning sunsets from the large covered back porch.
Unit Size
-
Days on Market
10 days
Land Size
2.90 acres
Price per sqft
-
Property Type
Mobile Manufactured
Property Taxes
$33
HOA Dues
-
Year Built
-

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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 #967776)

Price History

Date / Event Date Event Price
Jul 10, 2025 Sold
Premium
Sold
Jun 30, 2025 Relisted $295,000
Relisted
Jun 3, 2025 In contract -
In contract
Feb 4, 2025 Listed by Coldwell Banker Realty $295,000
Listed by Coldwell Banker Realty
Feb 17, 2023 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 126,500
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 11,500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: HOLLEY GROVE SOUTH
  • Land Acres: 0000002904
  • Standard Land Use Code: 8000
  • County Land Use Code: 0000
  • State Land Use Code: 000000
  • Legal Description 1: HOLLEY GROVE SOUTH ALL BLK 17

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020400

Geography

  • Assessors Map Reference: 16A
  • Parcel: 13-3N-22-1172-0017-0000
  • Block: 17
  • Meridian: SEC 13 TWN 03N RNG 22W
  • Municipality: COUNTY
  • Latitude: 30.7565
  • Longitude: -86.4072

    Address

  • Full Address: 4609 Welch Dr
  • Address - House Number: 4609
  • Address - Street Name: Welch
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: R009
  • 4-Digit Zip Code: 9075
  • Zip Code: 32539

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $39,144
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: 001

    Market Valuation

  • Market Total Value: $38,708
  • Market Land Value: $38,708

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,708
  • Assessed Land Value: $38,708

    Sales

  • Current Sale Contract Date: Feb 15, 2023
  • Current Sale Recording Date: Feb 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3606739
  • Previous Sale Recording Date: Feb 18, 2011
  • Previous Sale Contract Date: Jan 27, 2011
  • Previous Sale Amount: $3,000
  • 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 Okaloosa

Stats & Trends

Median Asking:

$378,900

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

81

Average Home Size

1817 ft²

Average Home Age

28.6 years

Currently For Sale

1634 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: Foster Group, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 967776
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 4609 Welch Drive built and last sold?
The property at 4609 Welch Drive was built in and last sold on Feb 15, 2023 for $25,000.
How much is this home worth?
The estimated value of the home located at 4609 Welch Drive is $297,950.
What are some comparable homes to 4609 Welch Drive?
There are currently no comparable homes to 4609 Welch Drive.
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