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Niceville 32578 Carol Anne Manor
503 22Nd Street
$340,000
● House - Off Market

503 22Nd Street

Niceville, FL 32578
bedrooms
4 Beds
bathrooms
2 Baths
$1,809
Est. Monthly
6.94%
Cap Rate

About This Property

New LVP flooring being installed soon. Welcome to this incredibly maintained home in the heart of Niceville. This home has 4 bedrooms and 2 full baths, two living areas a spacious laundry/mud room and lots of storage. The additional living room was built by Randy Wise Homes and adds lots of space for entertaining. Large backyard with a sprinkler system and two storage sheds. The roof is only two years old, the HVAC replaced in 2021 and the HWH in 2018, it also has double pane windows and all copper wiring. Termite bond with Terminix in place.
Unit Size
-
Days on Market
132 days
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$90
HOA Dues
-
Year Built
1972

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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: 11 months ago (ECAR #981844)

Price History

Date / Event Date Event Price
Dec 22, 2025 Sold
Premium
Sold
Nov 21, 2025 In contract -
In contract
Sep 11, 2025 Price Decreased $350,000
↓ $15K (4.1%)
Price Decreased
Jul 28, 2025 Listed by Coldwell Banker Realty $365,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 108
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,625
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,247
  • Gross Building Area: 2,247
  • Building Area: 2,099
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,099
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CAROL ANNE MANOR
  • Land Acres: 0000000221
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: CAROL ANNE MANOR 1ST LOT 28 BLK F

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021102

Geography

  • Assessors Map Reference: 29
  • Parcel: 08-1S-22-0361-000F-0280
  • Block: F
  • Lot: 28
  • Meridian: SEC 08 TWN 01S RNG 22W
  • Municipality: NICEVILLE
  • Latitude: 30.5081
  • Longitude: -86.4683

    Address

  • Full Address: 503 22nd St
  • Address - House Number: 503
  • Address - Street Name: 22nd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Niceville
  • Carrier Code: C007
  • 4-Digit Zip Code: 3246
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,133
  • Tax Year: 2023
  • Tax Amount: $104,305
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 405,228
  • High Value: 477,461
  • Low Value: 332,995

    Market Valuation

  • Market Total Value: $268,213
  • Market Land Value: $54,838
  • Market Improvement Value: $213,375

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $127,971

    Exemptions

  • Veteran Exemption: Yes
  • Widow Exemption: Yes
  • 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 Carol Anne Manor

Stats & Trends

Median Asking:

$359,900

Sale Price/ft²

$231

Below Asking

0.03%

Average Days on Market

77

Average Home Size

1538 ft²

Average Home Age

53.5 years

Currently For Sale

2 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: Tracy Jennette, Coldwell Banker Realty
Last Updated: 11 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 981844
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 503 22nd Street built and last sold?
The property at 503 22nd Street was built in 1972 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 503 22nd Street is $353,500.
What are some comparable homes to 503 22nd Street?
There are currently no comparable homes to 503 22nd Street.
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