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Okaloosa
5888 Dairy Road
$439,000
● House - Off Market

5888 Dairy Road

Baker, FL 32531
bedrooms
4 Beds
bathrooms
2 Baths
$442,418
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

Gorgeous Brick Ranch on 2 acres with expansive covered front porch and BRAND NEW ROOF.  Home boasts 4 bedrooms plus an Office with Murphy Bed. Enter foyer to find open concept living-dining and kitchen with cathedral ceilings. Split bedroom floor plan with 3 bedrooms on one side and Master with en suite bath on the other. Large granite counter wraps around the kitchen featuring stainless appliances.  Wood flooring throughout.  Two doors flank the gas fireplace and lead to large 2 acre yard.  Trees line the back end of the property.  Handy Storage building and workshop with power. Side entry double garage leads to laundry room and then kitchen with large pantry. Home wired with camera system and high speed internet. Hybrid tankless/tank water heater. Country Living at it's Finest!
Unit Size
-
Days on Market
35 days
Land Size
2.05 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2005

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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 #895059)

Price History

Date / Event Date Event Price
May 20, 2022 Sold
Premium
Sold
Apr 5, 2022 Listed by Keller Williams Realty Destin $439,000
Listed by Keller Williams Realty Destin
Mar 2, 2018 Sold
Premium
Sold
Jun 20, 2013 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 4
  • 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: 462
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 88,862
  • Total Building Area: 4,279
  • Gross Building Area: 4,279
  • Building Area: 2,275
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 10
  • Heated Square Feet: 2,275
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAKER HTS S/D
  • Land Acres: 0000002040
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: BAKER HTS S/D BEG NW COR LOT 1 E440.5 FT S280 FT TO BEG W378.8 FT

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020102

Geography

  • Assessors Map Reference: 10
  • Parcel: 31-4N-24-0095-0000-001B
  • Lot: 1
  • Meridian: SEC 31 TWN 04N RNG 24W
  • Municipality: COUNTY
  • Latitude: 30.8028
  • Longitude: -86.6764

    Address

  • Full Address: 5888 Dairy Rd
  • Address - House Number: 5888
  • Address - Street Name: Dairy
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Baker
  • Carrier Code: R044
  • 4-Digit Zip Code: 8730
  • Zip Code: 32531

Valuation

    Tax

  • Total Area: 2,872
  • Tax Year: 2023
  • Tax Amount: $205,691
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.1666
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 78
  • Final Value: 495,063
  • High Value: 577,561
  • Low Value: 412,564

    Market Valuation

  • Market Total Value: $383,071
  • Market Land Value: $34,332
  • Market Improvement Value: $348,739

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $238,589

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 16, 2022
  • Current Sale Recording Date: May 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3551694
  • Previous Sale Recording Date: Mar 02, 2018
  • Previous Sale Contract Date: Feb 26, 2018
  • Previous Sale Amount: $285,000
  • 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:

$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

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ECAR

Listed by: Sharon L Gross, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 895059
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 5888 Dairy Road built and last sold?
The property at 5888 Dairy Road was built in 2005 and last sold on May 16, 2022 for $439,000.
How much is this home worth?
The estimated value of the home located at 5888 Dairy Road is $0.
What are some comparable homes to 5888 Dairy Road?
There are currently no comparable homes to 5888 Dairy Road.
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