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Wright 32547 Tanglewood
505 Sequoia Drive
$182,000
● House - Off Market

505 Sequoia Drive

Fort Walton Beach, FL 32547
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,581 Ft²
$328,360
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Ten top reasons to buy this home. 1. Location, Location, Location. Convenient neighborhood close to shopping, work & schools 2. Large privacy fenced backyard 3. Complete Interior remodel 4. all new interior doors, 5. New kitchen and bath cabinets, stove, & counterstops, 6. new master tile shower 7. flooring, new carpeting in bedrooms & tile throughout remainder of home 8. new French doors to screened porch 9. new exterior paint, 10. new lighting fixtures. Home features a living room/dining room combination plus eat-in area next to kitchen, separate family room with fireplace (wood), a two car side entry garage, not to mention sidewalks in the neighborhood for walking and kiddie bike riding.
Unit Size
1,581 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$123
Property Type
House
Property Taxes
$136
HOA Dues
-
Year Built
1977

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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 #757494)

Price History

Date / Event Date Event Price
Nov 30, 2016 Sold
Premium
Sold
Jul 20, 2016 Listed by ERA American Real Estate $194,900
Listed by ERA American Real Estate

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 550
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,694
  • Lot Size Frontage Feet: 870
  • Total Building Area: 2,307
  • Gross Building Area: 2,307
  • Building Area: 1,581
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,581
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TANGLEWOOD 1ST ADDN
  • Land Acres: 0000000223
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: TANGLEWOOD 1ST ADDN LOT 19 BLK A

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021902

Geography

  • Assessors Map Reference: 42
  • Parcel: 04-2S-24-2491-000A-0190
  • Block: A
  • Lot: 19
  • Meridian: SEC 04 TWN 02S RNG 24W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4364
  • Longitude: -86.6536

    Address

  • Full Address: 505 Sequoia Dr
  • Address - House Number: 505
  • Address - Street Name: Sequoia
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fort Walton Beach
  • Carrier Code: C013
  • 4-Digit Zip Code: 2916
  • Zip Code: 32547

Valuation

    Tax

  • Total Area: 1,981
  • Tax Year: 2023
  • Tax Amount: $147,525
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.2033
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 72
  • Final Value: 345,605
  • High Value: 415,893
  • Low Value: 275,316

    Market Valuation

  • Market Total Value: $249,724
  • Market Land Value: $67,810
  • Market Improvement Value: $181,914

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $158,102

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 23, 2016
  • Current Sale Recording Date: Nov 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3104348
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 Tanglewood

Stats & Trends

Median Asking:

$379,950

Sale Price/ft²

$222

Below Asking

0.01%

Average Days on Market

86

Average Home Size

2006 ft²

Average Home Age

47.3 years

Currently For Sale

4 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: Patricia A Williams, ERA American Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 757494
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 505 Sequoia Drive built and last sold?
The property at 505 Sequoia Drive was built in 1977 and last sold on Nov 23, 2016 for $182,000.
How much is this home worth?
The estimated value of the home located at 505 Sequoia Drive is $0.
What are some comparable homes to 505 Sequoia Drive?
There are currently no comparable homes to 505 Sequoia Drive.
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