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Okaloosa 32539
5180 Lake Drive
$240,000
● House - Off Market

5180 Lake Drive

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths
$248,139
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

Nice 3 bedroom home featuring cathedral ceilings, inside utility room & a split bedroom plan for extra privacy. Kitchen has stainless steel appliances & a pantry. Great master suite w/ trayed ceilings & wood flooring in the bedroom & a jacuzzi tub, double vanity sinks, walk in closet & tile flooring in the bathroom. You have access to your back deck & large privacy fenced backyard from the dining area & master bedroom. Additional bedrooms also have trayed ceilings & carpet flooring. All electric! 1 car garage w/ an auto opener & pull down stairs/attic storage. Home also features a security system. Septic tank was just pumped 5/31/22. Home was professionally cleaned, carpets cleaned, exterior pressure washed & is move in ready for you! Welcome home!
Unit Size
-
Days on Market
35 days
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$100
HOA Dues
-
Year Built
2007

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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 #900608)

Price History

Date / Event Date Event Price
Aug 17, 2022 Sold
Premium
Sold
Jun 7, 2022 Listed by Dream Team Realty of NW Florida LLC $240,000
Listed by Dream Team Realty of NW Florida LLC
May 2, 2007 Sold
Premium
Sold
Mar 29, 2006 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • 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: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 280
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,615
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,695
  • Gross Building Area: 1,695
  • Building Area: 1,255
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,255
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORRIS ADD CREST
  • Land Acres: 0000000175
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: MORRIS ADD CRESTVIEW LOTS 8 & 9 BLK 19

Neighborhood

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

Geography

  • Assessors Map Reference: 15C
  • Parcel: 21-3N-23-1670-0019-0080
  • Block: 19
  • Lot: 8,9
  • Meridian: SEC 21 TWN 03N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.7493
  • Longitude: -86.5517

    Address

  • Full Address: 5180 Lake Dr S
  • Address - House Number: 5180
  • 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: 1,427
  • Tax Year: 2023
  • Tax Amount: $165,997
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.2107
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 71
  • Final Value: 236,470
  • High Value: 286,307
  • Low Value: 186,633

    Market Valuation

  • Market Total Value: $161,127
  • Market Land Value: $7,853
  • Market Improvement Value: $153,274

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $161,127
  • Assessed Land Value: $7,853
  • Assessed Improvements Value: $153,274

    Sales

  • Current Sale Contract Date: Aug 16, 2022
  • Current Sale Recording Date: Aug 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3572324
  • Previous Sale Recording Date: May 02, 2007
  • Previous Sale Contract Date: Apr 30, 2007
  • Previous Sale Amount: $161,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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:

$372,500

Sale Price/ft²

$219

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1851 ft²

Average Home Age

29 years

Currently For Sale

2371 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: Jennifer M Vo, Dream Team Realty of NW Florida LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 900608
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 5180 Lake Drive built and last sold?
The property at 5180 Lake Drive was built in 2007 and last sold on Aug 16, 2022 for $240,000.
How much is this home worth?
The estimated value of the home located at 5180 Lake Drive is $0.
What are some comparable homes to 5180 Lake Drive?
There are currently no comparable homes to 5180 Lake Drive.
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