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Okaloosa 32539
5716 Reinke Drive
$400,000
● House - Off Market

5716 Reinke Drive

Crestview, FL 32539
bedrooms
3 Beds
bathrooms
2 Baths
$423,840
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Under Contract with a Kickout Clause. This meticulous maintained brick home is a must see. If you are looking for a home that is conveniently located to the developing North end of Crestview that also offers peace and tranquility you are in for a treat. A few of my favorite features include the long private drive, covered porches to relax and enjoy the outdoors, large living area with wood burning fireplace/trayed ceiling, a large kitchen with tons of cabinets/granite counter tops, split floor plan design with a large master suite, and handicap accessible with larger door openings/bathrooms. Last but not least this beautiful property offers tons of potential and endless possibilities with it's 2+ acres that is sure to provide room for all your hobbies and space for the kids/pets to roa
Unit Size
-
Days on Market
78 days
Land Size
2.40 acres
Price per sqft
-
Property Type
House
Property Taxes
$129
HOA Dues
-
Year Built
2017

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #922000)

Price History

Date / Event Date Event Price
Jul 18, 2023 Sold
Premium
Sold
Apr 27, 2023 Listed by RE/MAX Agency One $425,000
Listed by RE/MAX Agency One
Dec 31, 2013 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • 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: 9
  • 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: 488
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 104,544
  • Total Building Area: 2,571
  • Gross Building Area: 2,571
  • Building Area: 1,887
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,887
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002400
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: COM NW COR OF S1/2 OF NE1/4 E1201 FT S206 FT TO POB E342 FT S176 FT W510

Neighborhood

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

Geography

  • Assessors Map Reference: 15A
  • Parcel: 04-3N-23-0000-0020-009B
  • Block: 20
  • Meridian: SEC 04 TWN 03N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.7902
  • Longitude: -86.5465

    Address

  • Full Address: 5716 Reinke Dr
  • Address - House Number: 5716
  • Address - Street Name: Reinke
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Crestview
  • Carrier Code: R027
  • 4-Digit Zip Code: 8977
  • Zip Code: 32539

Valuation

    Tax

  • Total Area: 2,214
  • Tax Year: 2023
  • Tax Amount: $158,969
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1947
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 376,756
  • High Value: 450,148
  • Low Value: 303,364

    Market Valuation

  • Market Total Value: $295,565
  • Market Land Value: $24,946
  • Market Improvement Value: $270,619

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $189,610

    Sales

  • Current Sale Contract Date: Jul 14, 2023
  • Current Sale Recording Date: Jul 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3636019
  • Previous Sale Recording Date: Dec 31, 2013
  • Previous Sale Contract Date: Dec 30, 2013
  • Previous Sale Amount: $26,100
  • 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:

$374,700

Sale Price/ft²

$220

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1845 ft²

Average Home Age

28.8 years

Currently For Sale

2396 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: William J Mitchell, RE/MAX Agency One
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 922000
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 5716 Reinke Drive built and last sold?
The property at 5716 Reinke Drive was built in 2017 and last sold on Jul 14, 2023 for $400,000.
How much is this home worth?
The estimated value of the home located at 5716 Reinke Drive is $0.
What are some comparable homes to 5716 Reinke Drive?
There are currently no comparable homes to 5716 Reinke Drive.
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