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Okaloosa 32539
5160 S Lake Drive
$90,000
● House - Off Market

5160 S Lake Drive

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,292 Ft²
$144,465
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model

About This Property

excellent Short Sale opportunity! 3 bedroom 2 bath home is located on a quiet street convenient to town. Open floor plan with living room and dining area adjoining. 13'' ceramic tile in the entryway, kitchen, dining area and bathrooms. Cultured marble vanities in both bathrooms. Neutral colors throughout and light knock down finish on ceilings and walls. Kitchen appliances include Kenmore electric stove and dishwasher. Single french door in dining area opens to a covered back porch and nice backyard
Unit Size
1,292 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$64
Property Type
House
Property Taxes
$44
HOA Dues
-
Year Built
2006

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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 #728938)

Price History

Date / Event Date Event Price
Aug 13, 2019 Sold
Premium
Sold
Jul 12, 2019 No longer available -
No longer available
Jun 22, 2019 Listed by World Impact Real Estate $145,000
Listed by World Impact Real Estate
Apr 1, 2016 Sold
Premium
Sold
May 4, 2015 Listed by World Impact Real Estate $83,000
Listed by World Impact Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • 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: 1
  • Garage Square Area: 320
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,505
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,744
  • Gross Building Area: 1,744
  • Building Area: 1,292
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,292
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORRIS ADD CREST
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: MORRIS ADD CRESTVIEW LOTS 25 & 26 BLK 19

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 5
  • Parcel: 21-3N-23-1670-0019-0250
  • Block: 19
  • Lot: 25,26
  • Meridian: SEC 21 TWN 03N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.7481
  • Longitude: -86.5518

    Address

  • Full Address: 5160 Lake Dr S
  • Address - House Number: 5160
  • Street Segment Direction: S
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: R022
  • 4-Digit Zip Code: 7346
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 1,508
  • Tax Year: 2023
  • Tax Amount: $151,141
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.4674
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 6
  • Final Value: 170,499
  • High Value: 250,200
  • Low Value: 90,797

    Market Valuation

  • Market Total Value: $157,419
  • Market Land Value: $7,853
  • Market Improvement Value: $149,566

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,419
  • Assessed Land Value: $7,853
  • Assessed Improvements Value: $149,566

    Sales

  • Current Sale Contract Date: Aug 06, 2019
  • Current Sale Recording Date: Aug 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3297363
  • Previous Sale Recording Date: Apr 01, 2016
  • Previous Sale Contract Date: Mar 28, 2016
  • Previous Sale Amount: $90,000
  • 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 Okaloosa

Stats & Trends

Median Asking:

$378,025

Sale Price/ft²

$226

Below Asking

0.02%

Average Days on Market

81

Average Home Size

1818 ft²

Average Home Age

28.1 years

Currently For Sale

1678 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: Rodney K Elkins, World Impact Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 728938
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 5160 Lake Drive built and last sold?
The property at 5160 Lake Drive was built in 2006 and last sold on Aug 6, 2019 for $150,000.
How much is this home worth?
The estimated value of the home located at 5160 Lake Drive is $153,403.
What are some comparable homes to 5160 Lake Drive?
There are currently no comparable homes to 5160 Lake Drive.
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