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Crestview 32539 Lakeview
502 Forrest Court
$218,000
● House - Off Market

502 Forrest Court

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,464 Ft²
$1,101
Est. Monthly
10.27%
Cap Rate

About This Property

Welcome to this spacious home situated on a desirable corner lot offering both a unique charm and plenty of room to either remodel and or redesign to your own taste. While it retains classic character, this home has been updated with brand new carpet giving it a fresh and comforting feel while maintaining the warmth and coziness you would expect from an older home. With its expansive layout, there is plenty of space for all your needs from comfortable living areas to ample bedrooms and storage. The corner lot provides added privacy for creating gardens and hosting outdoor gatherings. It's the perfect blend of vintage charm and some modern updates. It will be a wonderful place to call home!

Roof-2015

HVAC-2024

Water Heater-2024

*Some rooms are virtually staged.*
Unit Size
1,464 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$150
Property Type
House
Property Taxes
$26
HOA Dues
-
Year Built
1965

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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 #960598)

Price History

Date / Event Date Event Price
Jan 21, 2025 Sold
Premium
Sold
Dec 15, 2024 In contract -
In contract
Dec 11, 2024 Price Decreased $218,895
↓ $11K (4.8%)
Price Decreased
Oct 7, 2024 Listed by ERA American Real Estate $230,000
Listed by ERA American Real Estate
Jun 2, 2015 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 300
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,035
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,006
  • Gross Building Area: 2,006
  • Building Area: 1,464
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,464
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEVIEW S/D
  • Land Acres: 0000000253
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LAKEVIEW S/D LOT 1 BLK A

Neighborhood

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

Geography

  • Assessors Map Reference: 15A
  • Parcel: 16-3N-23-1440-000A-0010
  • Block: A
  • Lot: 1
  • Meridian: SEC 16 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.765
  • Longitude: -86.5511

    Address

  • Full Address: 502 Forrest Ct
  • Address - House Number: 502
  • Address - Street Name: Forrest
  • Address - Suffix Type: Ct
  • State: FL
  • City Name: Crestview
  • Carrier Code: C006
  • 4-Digit Zip Code: 3205
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 1,654
  • Tax Year: 2023
  • Tax Amount: $31,247
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.2107
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 200,028
  • High Value: 242,184
  • Low Value: 157,871

    Market Valuation

  • Market Total Value: $138,261
  • Market Land Value: $21,949
  • Market Improvement Value: $116,312

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,914

    Exemptions

  • Senior Citizen Exemption : Yes
  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 29, 2015
  • Current Sale Recording Date: Jun 02, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3000677
  • Previous Sale Recording Date: Nov 15, 2004
  • Previous Sale Contract Date: Nov 06, 2004
  • Previous Sale Amount: $80,000
  • 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 Lakeview

Stats & Trends

Median Asking:

$135,000

Sale Price/ft²

$96

Below Asking

0.06%

Average Days on Market

81

Average Home Size

1408 ft²

Average Home Age

61 years

Currently For Sale

0 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: Marsha Babe, ERA American Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 960598
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 502 Forrest Court built and last sold?
The property at 502 Forrest Court was built in 1965 and last sold on May 29, 2015 for $60,500.
How much is this home worth?
The estimated value of the home located at 502 Forrest Court is $0.
What are some comparable homes to 502 Forrest Court?
There are currently no comparable homes to 502 Forrest Court.
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