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Okaloosa
5303 Old River Road
$80,000
● Land - Off Market

5303 Old River Road

Baker, FL 32531
bedrooms
Studio
bathrooms
0 Bath
$127,971
RealtyHop Estimate
42.19%
Since May 1, 2020
National-US
Primary Model

About This Property

Great location for just under 10 acres of land. Just outside of Crestview. One of the lowest price per acre for this area. At 9,000 per acre. Only about a 5 minute drive to Crestview. Great place to own a large property without the crowds. The property has a home on it and is sold as is. It could be remoldeled. There is also another building in the back that is in better condition. Don't miss out on this great buy for this much land.
Unit Size
-
Days on Market
-
Land Size
9.95 acres
Price per sqft
-
Property Type
Land
Property Taxes
$85
HOA Dues
-
Year Built
1948

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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 #843181)

Price History

Date / Event Date Event Price
Jan 19, 2022 Sold
Premium
Sold
May 1, 2020 Sold
Premium
Sold
Mar 19, 2020 Listed by Coldwell Banker Realty $90,000
Listed by Coldwell Banker Realty
May 14, 2003 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • 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: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 432,986
  • Total Building Area: 1,814
  • Gross Building Area: 1,814
  • Building Area: 1,674
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 13
  • Heated Square Feet: 1,674
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000009940
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: BEG NE COR OF NE1/4 OF SW1/4 S04 DEG E479.48 FT S85 DEG W899.38 FT TO E

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020101

Geography

  • Assessors Map Reference: 14A
  • Parcel: 15-3N-24-0000-0033-0010
  • Block: 33
  • Meridian: SEC 15 TWN 03N RNG 24W
  • Municipality: COUNTY
  • Latitude: 30.7596
  • Longitude: -86.6367

    Address

  • Full Address: 5303 Old River Rd
  • Address - House Number: 5303
  • Address - Street Name: Old River
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Baker
  • Carrier Code: R044
  • 4-Digit Zip Code: 9302
  • Zip Code: 32531

Valuation

    Tax

  • Total Area: 1,716
  • Tax Year: 2023
  • Tax Amount: $69,454
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.0808
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 94
  • Final Value: 246,697
  • High Value: 266,640
  • Low Value: 226,753

    Market Valuation

  • Market Total Value: $60,877
  • Market Land Value: $47,286
  • Market Improvement Value: $13,591

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $60,877
  • Assessed Land Value: $47,286
  • Assessed Improvements Value: $13,591

    Sales

  • Current Sale Contract Date: Jan 18, 2022
  • Current Sale Recording Date: Jan 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3520625
  • Previous Sale Recording Date: May 01, 2020
  • Previous Sale Contract Date: Apr 24, 2020
  • Previous Sale Amount: $80,000
  • 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:

$374,350

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1849 ft²

Average Home Age

28.9 years

Currently For Sale

2385 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: David L Borden, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 843181
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 5303 Old River Road built and last sold?
The property at 5303 Old River Road was built in 1948 and last sold on Jan 18, 2022 for $95,000.
How much is this home worth?
The estimated value of the home located at 5303 Old River Road is $0.
What are some comparable homes to 5303 Old River Road?
There are currently no comparable homes to 5303 Old River Road.
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