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Crestview 32539
503 Gadwell Street
$475,000
● House - Off Market

503 Gadwell Street

Crestview, FL 32539
bedrooms
5 Beds
bathrooms
3 Baths
$2,926
Est. Monthly
$217
HOA / Fees
4.93%
Cap Rate

About This Property

1 of the largest lots in Redstone Commons and over 3000 sqft! This previous model home has all of the upgrades and is ready for you to move right in! Wood-grain tile flooring in the entry and wet areas and BRAND NEW CARPET in the main living area and bedrooms! Granite countertops with white shaker cabinets, tray ceilings, crown molding, THREE CAR GARAGE, 6'' baseboards, recessed lighting, split bedrooms for added privacy, and the master suite is PERFECT! Double vanity, custom tile shower and soaker tub, and a 11x7.5 walk-in closet! Enjoy your mornings on the covered front porch and your evenings on the back porch overlooking this HUGE back yard! Less than half a mile to local elementary and middle schools and a short drive to base- this is one you don't want to miss!
Unit Size
-
Days on Market
24 days
Land Size
0.41 acres
Price per sqft
-
Property Type
House
Property Taxes
$376
HOA Dues
$217
Year Built
2015

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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 #982269)

Price History

Date / Event Date Event Price
Aug 26, 2025 Sold
Premium
Sold
Aug 11, 2025 In contract -
In contract
Aug 2, 2025 Listed by The Property Group 850 Inc $475,000
Listed by The Property Group 850 Inc
Jun 27, 2017 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 420
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,960
  • Total Building Area: 4,193
  • Gross Building Area: 4,193
  • Building Area: 3,392
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,392
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REDSTONE COMMONS
  • Land Acres: 0000000298
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: REDSTONE COMMONS PH I LOT 13

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020701

Geography

  • Subdivision Phase Number: 1
  • Parcel: 27-3N-23-1000-0000-0130
  • Lot: 13
  • Meridian: SEC 27 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.7331
  • Longitude: -86.5402

    Address

  • Full Address: 503 Gadwell St
  • Address - House Number: 503
  • Address - Street Name: Gadwell
  • Address - Suffix Type: St
  • State: FL
  • City Name: Crestview
  • Carrier Code: R020
  • 4-Digit Zip Code: 6741
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 3,737
  • Tax Year: 2023
  • Tax Amount: $441,929
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.1948
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 553,057
  • High Value: 660,838
  • Low Value: 445,277

    Market Valuation

  • Market Total Value: $467,427
  • Market Land Value: $40,131
  • Market Improvement Value: $427,296

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $314,707

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 23, 2017
  • Current Sale Recording Date: Jun 27, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 3143835
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 Crestview

Stats & Trends

Median Asking:

$281,450

Sale Price/ft²

$166

Below Asking

0.03%

Average Days on Market

74

Average Home Size

1829 ft²

Average Home Age

22.4 years

Currently For Sale

191 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: Heather Vaughn, The Property Group 850 Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 982269
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 Gadwell Street built and last sold?
The property at 503 Gadwell Street was built in 2015 and last sold on Jun 23, 2017 for $330,000.
How much is this home worth?
The estimated value of the home located at 503 Gadwell Street is $0.
What are some comparable homes to 503 Gadwell Street?
There are currently no comparable homes to 503 Gadwell Street.
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