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Okaloosa 32539
5508 Monterrey Road
$323,000
● House - Off Market

5508 Monterrey Road

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,824 Ft²
$461,894
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

This beautiful, energy-efficient home sits inside the sought after Lake Victoria waterfront community in Crestview. This home is zoned for the top performing schools in Okaloosa County. It sits on a gorgeous shady corner lot lined with huge majestic trees and graceful azaleas. The all brick exterior home offers a side entry garage, privacy fenced back yard, The interior boasts a gas fireplaces, custom window treatments throughout, and architectural features that include vaulted ceilings. This well-constructed, solidly built home qualifies for valuable homeowner's insurance credits for upgraded hurricane building code items (windstorm mitigation certification, 30 year architectural roof construction,
Unit Size
2,824 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$114
Property Type
House
Property Taxes
$151
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 #834692)

Price History

Date / Event Date Event Price
Apr 2, 2020 Sold
Premium
Sold
Nov 4, 2019 Listed by Uber Realty Llc $323,000
Listed by Uber Realty Llc
May 19, 2006 Sold
Premium
Sold

Property Highlights

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: 9
  • 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: 599
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,160
  • Total Building Area: 3,635
  • Gross Building Area: 3,635
  • Building Area: 2,824
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,824
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000669
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: COM SW COR OF NW1/4 E 1033.03 FT N 33 FT TO POB N 140 FT N 74 DEG E 117 FT TO R/W S 45DEG

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020400

Geography

  • Parcel: 10-3N-23-0000-0004-1000
  • Meridian: SEC 10 TWN 03N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.7731
  • Longitude: -86.5391

    Address

  • Full Address: 5508 Monterrey Rd
  • Address - House Number: 5508
  • Address - Street Name: Monterrey
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Crestview
  • Carrier Code: R021
  • 4-Digit Zip Code: 7017
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 3,193
  • Tax Year: 2023
  • Tax Amount: $359,763
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.195
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 494,935
  • High Value: 591,455
  • Low Value: 398,416

    Market Valuation

  • Market Total Value: $417,023
  • Market Land Value: $28,534
  • Market Improvement Value: $388,489

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $403,114

    Exemptions

  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 27, 2020
  • Current Sale Recording Date: Apr 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3349336
  • Previous Sale Recording Date: May 19, 2006
  • Previous Sale Contract Date: May 18, 2006
  • Previous Sale Amount: $459,800
  • Previous Sale Document Type: 20
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:

$371,900

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

2380 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

Rentals Near You

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ECAR

Listed by: James C Whatley, Uber Realty Llc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 834692
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 5508 Monterrey Road built and last sold?
The property at 5508 Monterrey Road was built in 2006 and last sold on Mar 27, 2020 for $323,000.
How much is this home worth?
The estimated value of the home located at 5508 Monterrey Road is $0.
What are some comparable homes to 5508 Monterrey Road?
There are currently no comparable homes to 5508 Monterrey Road.
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