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Valparaiso 32580 Kelly Hill Estates
55 Kelly Way
$245,000
● House - Off Market

55 Kelly Way

Valparaiso, FL 32580
bedrooms
3 Beds
bathrooms
2 Baths
$1,562
Est. Monthly
10.45%
Cap Rate

About This Property

You don't want to miss this charming 3 bed, 2 bath in Kelly Hill Estates. Would make a great starter home or investment property. Home has been consistently rented for several years. Open concept living room/dining room with laminate flooring throughout. Kitchen has been updated with Granite countertops along with stainless steel appliances and tile floor. # comfortable bedrooms along with 2 bathrooms that have granite countertops. Why purchase a townhome when you can own your own single family detached house with a one car garage. House backs up to a large pond. Located just minutes from Eglin AFB and close to the beautiful beaches of the Emerald Coast!
Unit Size
-
Days on Market
125 days
Land Size
0.07 acres
Price per sqft
-
Property Type
House
Property Taxes
$212
HOA Dues
-
Year Built
1986

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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 #978716)

Price History

Date / Event Date Event Price
Oct 16, 2025 Sold
Premium
Sold
Aug 30, 2025 In contract -
In contract
Jun 13, 2025 Listed by Realty ONE Group Emerald Coast $275,000
Listed by Realty ONE Group Emerald Coast
Nov 14, 2014 Sold
Premium
Sold
May 1, 2014 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • 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: 17
  • 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: 276
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,033
  • Total Building Area: 1,310
  • Gross Building Area: 1,310
  • Building Area: 999
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 999
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KELLY HILL EST
  • Land Acres: 0000000070
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: KELLY HILL EST LOT 28

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021200

Geography

  • Assessors Map Reference: 4
  • Parcel: 01-1S-23-1349-0000-0280
  • Lot: 28
  • Meridian: SEC 01 TWN 01S RNG 23W
  • Municipality: VALPARAISO
  • Latitude: 30.5305
  • Longitude: -86.51

    Address

  • Full Address: 55 Kelly Way
  • Address - House Number: 55
  • Address - Street Name: Kelly
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Valparaiso
  • Carrier Code: C001
  • 4-Digit Zip Code: 1759
  • Zip Code: 32580

Valuation

    Tax

  • Total Area: 1,162
  • Tax Year: 2023
  • Tax Amount: $245,510
  • Tax Rate Code Area: 008

    Appraisal Valuation

  • Standard Deviation: 0.1863
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 75
  • Final Value: 250,949
  • High Value: 297,702
  • Low Value: 204,196

    Market Valuation

  • Market Total Value: $171,025
  • Market Land Value: $50,242
  • Market Improvement Value: $120,783

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $171,025
  • Assessed Land Value: $50,242
  • Assessed Improvements Value: $120,783

    Sales

  • Current Sale Contract Date: Nov 13, 2014
  • Current Sale Recording Date: Nov 14, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2962713
  • Previous Sale Recording Date: May 01, 2014
  • Previous Sale Contract Date: Apr 29, 2014
  • Previous Sale Amount: $62,500
  • Previous Sale Document Type: 68
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 Kelly Hill Estates

Stats & Trends

Median Asking:

$289,950

Sale Price/ft²

$226

Below Asking

0.08%

Average Days on Market

166

Average Home Size

933 ft²

Average Home Age

41 years

Currently For Sale

1 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: Jacqueline Luberto, Realty ONE Group Emerald Coast
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 978716
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 55 Kelly Way built and last sold?
The property at 55 Kelly Way was built in 1986 and last sold on Nov 13, 2014 for $112,000.
How much is this home worth?
The estimated value of the home located at 55 Kelly Way is $277,750.
What are some comparable homes to 55 Kelly Way?
There are currently no comparable homes to 55 Kelly Way.
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