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Crestview 32539 Steeplechase
513 Risen Star Drive
$244,900
● House - Off Market

513 Risen Star Drive

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths
$1,484
Est. Monthly
5.45%
Cap Rate

About This Property

Ready to own your own cute little space that has room to breathe, but is still in a convenient location with no HOA?? Look no further than this 3 BR/2 BA open floor space style home, that feels spacious and inviting. There is also the potential to put your own touch on what is already great about this home. With a fully fenced yard, it is perfect for families with kids and pets, and has been an income-generating property! Seller is offering $5,000 towards closing costs!
Unit Size
-
Days on Market
88 days
Land Size
0.22 acres
Price per sqft
-
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1997

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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 #971945)

Price History

Date / Event Date Event Price
Jun 20, 2025 Sold
Premium
Sold
May 27, 2025 In contract -
In contract
May 23, 2025 Price Decreased $244,900
↓ $5K (2%)
Price Decreased
May 20, 2025 Price Decreased $249,900
↓ $5K (2%)
Price Decreased
May 8, 2025 Price Decreased $255,000
↓ $20K (7.3%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • 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: 462
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,374
  • Total Building Area: 2,364
  • Gross Building Area: 2,364
  • Building Area: 1,746
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,746
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STEEPLECHASE
  • Land Acres: 0000000215
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: STEEPLECHASE PH II LOT 7 BLK C

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020702

Geography

  • Assessors Map Reference: 15C
  • Subdivision Phase Number: 2
  • Parcel: 28-3N-23-2351-000C-0070
  • Block: C
  • Lot: 7
  • Meridian: SEC 28 TWN 03N RNG 23W
  • Municipality: CRESTVIEW
  • Latitude: 30.7316
  • Longitude: -86.5537

    Address

  • Full Address: 513 Risen Star Dr
  • Address - House Number: 513
  • Address - Street Name: Risen Star
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: R023
  • 4-Digit Zip Code: 6071
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 2,017
  • Tax Year: 2023
  • Tax Amount: $337,160
  • Tax Rate Code Area: 003

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 76
  • Final Value: 312,750
  • High Value: 368,499
  • Low Value: 257,002

    Market Valuation

  • Market Total Value: $238,576
  • Market Land Value: $32,000
  • Market Improvement Value: $206,576

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $238,576
  • Assessed Land Value: $32,000
  • Assessed Improvements Value: $206,576

    Sales

  • Current Sale Contract Date: Dec 03, 2003
  • Current Sale Recording Date: Dec 05, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2079267
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 Steeplechase

Stats & Trends

Median Asking:

$285,000

Sale Price/ft²

$154

Below Asking

0.03%

Average Days on Market

79

Average Home Size

2229 ft²

Average Home Age

28 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: Tiffany N Marsh, Realty ONE Group Emerald Coast
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 971945
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 513 Risen Star Drive built and last sold?
The property at 513 Risen Star Drive was built in 1997 and last sold on Dec 3, 2003 for $106,800.
How much is this home worth?
The estimated value of the home located at 513 Risen Star Drive is $0.
What are some comparable homes to 513 Risen Star Drive?
There are currently no comparable homes to 513 Risen Star Drive.
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