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Crestview 32539
507 Long Drive
$171,500
● House - Off Market

507 Long Drive

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths
$183,987
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Attention Investors! This long-term rental is now available for purchase. This 3 BR/ 2 bath ranch sits on a corner lot, and features a brand new storage shed. Bonus: Roof replaced in 2012! The country kitchen is large.. with enough room for a breakfast table. You could also reconfigure the space or add an island. BONUS #2: This home has a formal dining room! The living room spans the length of the home and can accommodate large furnishings. All bedrooms feature newer carpeting and spacious closets. Bonus #3: BIG LAUNDRY ROOM WITH STORAGE SPACE! Bonus #4: SCREENED BACK PORCH! Of course, the biggest bonus of all is the price.. $165,000! Affordable homes do exist.. but they don't last long. Make your appointment today!
Unit Size
-
Days on Market
90 days
Land Size
0.18 acres
Price per sqft
-
Property Type
House
Property Taxes
$118
HOA Dues
-
Year Built
1958

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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 #879159)

Price History

Date / Event Date Event Price
Nov 15, 2021 Sold
Premium
Sold
Aug 10, 2021 Listed by ERA American Real Estate $165,000
Listed by ERA American Real Estate
Mar 22, 2006 Sold
Premium
Sold
Nov 4, 2004 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1965
  • 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: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,982
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,830
  • Gross Building Area: 1,830
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDNEY 2ND ADD
  • Land Acres: 0000000183
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: EDNEY 2ND ADD S75 FT LOTS 11 & 12 BLK 6

Neighborhood

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

Geography

  • Assessors Map Reference: 15B
  • Parcel: 08-3N-23-0742-0006-011A
  • Block: 6
  • Lot: 11,12
  • Meridian: SEC 08 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.7696
  • Longitude: -86.5628

    Address

  • Full Address: 507 Long Dr
  • Address - House Number: 507
  • Address - Street Name: Long
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: C006
  • 4-Digit Zip Code: 2907
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 1,711
  • Tax Year: 2023
  • Tax Amount: $138,980
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.186
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 75
  • Final Value: 193,175
  • High Value: 229,119
  • Low Value: 157,230

    Market Valuation

  • Market Total Value: $131,721
  • Market Land Value: $21,949
  • Market Improvement Value: $109,772

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $127,444

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Nov 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3505144
  • Previous Sale Recording Date: Mar 22, 2006
  • Previous Sale Contract Date: Mar 17, 2006
  • Previous Sale Amount: $133,000
  • 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 Crestview

Stats & Trends

Median Asking:

$283,450

Sale Price/ft²

$167

Below Asking

0.03%

Average Days on Market

76

Average Home Size

1820 ft²

Average Home Age

22.4 years

Currently For Sale

192 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: Tessa M Savoy, ERA American Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 879159
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 507 Long Drive built and last sold?
The property at 507 Long Drive was built in 1958 and last sold on Nov 10, 2021 for $171,500.
How much is this home worth?
The estimated value of the home located at 507 Long Drive is $0.
What are some comparable homes to 507 Long Drive?
There are currently no comparable homes to 507 Long Drive.
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