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Crestview 32536
504 PANAMA Drive
$125,000
● House - Off Market

504 PANAMA Drive

Crestview, FL 32536
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,577 Ft²
$221,846
RealtyHop Estimate
70.78%
Since Jun 1, 2016
National-US
Primary Model

About This Property

Don't let the age fool you on this cute 3 bedroom 2 bath home which is perfect for a family starting out or someone looking to downsize. Located in center of Crestview it provides easy access to all the local shopping centers, military bases, and beautiful panhandle beaches. The home has been well taken care of. The seller has replaced the roof in the last couple years. All electric has been upgraded as well. The living room is large for easy entertaining. Home is is equipped with laminate, tile floors and a gas fireplace. Seller is leaving all appliances including washer and dryer.Ready to enjoy the summer?? How about in your own personal pool and hot tub. This property also has a poolhouse/apartment with its own bathroom(not currently heated/cooled). Schedule your showing today!!!
Unit Size
1,577 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$82
Property Type
House
Property Taxes
$63
HOA Dues
-
Year Built
1961

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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: 2 years ago (ECAR MLS #744286)

Price History

Date / Event Date Event Price
May 6, 2016 Sold
Premium
Sold
Jan 11, 2016 Listed by RE/MAX Agency One $129,900
Listed by RE/MAX Agency One
Mar 3, 2008 Sold
Premium
Sold
Nov 6, 2000 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 221
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,644
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,198
  • Gross Building Area: 2,198
  • Building Area: 1,577
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,577
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JERNIGAN S/D 2ND ADD
  • Land Acres: 0000000244
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: JERNIGAN S/D 2ND ADD LOT 3 BLK G

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020500

Geography

  • Assessors Map Reference: 15B
  • Parcel: 07-3N-23-1311-000G-0030
  • Block: G
  • Lot: 3
  • Meridian: SEC 07 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.7735
  • Longitude: -86.5796

    Address

  • Full Address: 504 Panama Dr
  • Address - House Number: 504
  • Address - Street Name: Panama
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: C001
  • 4-Digit Zip Code: 2320
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 1,812
  • Tax Year: 2023
  • Tax Amount: $244,051
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.4674
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 6
  • Final Value: 135,372
  • High Value: 198,653
  • Low Value: 72,090

    Market Valuation

  • Market Total Value: $165,192
  • Market Land Value: $21,319
  • Market Improvement Value: $143,873

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $165,192
  • Assessed Land Value: $21,319
  • Assessed Improvements Value: $143,873

    Sales

  • Current Sale Contract Date: Feb 28, 2008
  • Current Sale Recording Date: Mar 03, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2480954
  • Previous Sale Recording Date: Nov 06, 2000
  • Previous Sale Contract Date: Nov 01, 2000
  • Previous Sale Amount: $82,500
  • 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 Crestview

Stats & Trends

Median Asking:

$284,000

Sale Price/ft²

$166

Below Asking

0.02%

Average Days on Market

74

Average Home Size

1825 ft²

Average Home Age

22.3 years

Currently For Sale

190 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: Tomasz A Bielenin, RE/MAX Agency One
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 744286
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 504 Panama Drive built and last sold?
The property at 504 Panama Drive was built in 1961 and last sold on Feb 28, 2008 for $134,000.
How much is this home worth?
The estimated value of the home located at 504 Panama Drive is $0.
What are some comparable homes to 504 Panama Drive?
There are currently no comparable homes to 504 Panama Drive.
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