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Okaloosa 32536
5978 Silver Oaks Lane
$380,000
● House - Off Market

5978 Silver Oaks Lane

Crestview, FL 32536
bedrooms
4 Beds
bathrooms
2 Baths
$2,074
Est. Monthly
6.36%
Cap Rate

About This Property

Well-loved custom home sitting on almost a full acre. You will be amazed at this gorgeous porch that spans the full length of the house!  Walking through the front door, you will immediately notice the open and airy floor plan. The oversized living room can accommodate a large sectional. Looking through the living room, you can see the bright Florida room that overlooks the large backyard.  The kitchen is located right off the dining area which makes entertaining a breeze.  The primary bathroom features a garden tub, separate shower and a double sink vanity.  The other side of the home has 2 bedrooms with a Jack and Jill Bath.  The upstairs bedroom could be an AirBnB or office.  The home has a 2-car carport as well as a detached 25x25 garage.  Don't wait to see this one-of-a-kind home!
Unit Size
-
Days on Market
100 days
Land Size
0.96 acres
Price per sqft
-
Property Type
House
Property Taxes
$159
HOA Dues
-
Year Built
1992

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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 #936148)

Price History

Date / Event Date Event Price
Feb 20, 2024 Sold
Premium
Sold
Nov 7, 2023 Listed by Coldwell Banker Realty $390,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • 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: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 150
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 3
  • Garage Square Area: 506
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,727
  • Total Building Area: 3,362
  • Gross Building Area: 3,362
  • Building Area: 2,210
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,210
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EDNEYS 04 ADD/CRESTVIEW FLOR
  • Land Acres: 0000000958
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: PARCEL 6: COM SE COR NW1/4 OF NE1/4 W987 FT N520 FT TO POB N126 FT W333 FT

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020303

Geography

  • Assessors Map Reference: 11
  • Parcel: 32-4N-23-0000-0002-004H
  • Block: 2
  • Lot: 8
  • Meridian: SEC 32 TWN 04N RNG 23W
  • Municipality: COUNTY
  • Latitude: 30.8073
  • Longitude: -86.5663

    Address

  • Full Address: 5978 Silver Oaks Ln
  • Address - House Number: 5978
  • Address - Street Name: Silver Oaks
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Crestview
  • Carrier Code: R018
  • 4-Digit Zip Code: 9301
  • Zip Code: 32536

Valuation

    Tax

  • Total Area: 2,447
  • Tax Year: 2023
  • Tax Amount: $195,108
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.0808
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 94
  • Final Value: 384,971
  • High Value: 416,092
  • Low Value: 353,849

    Market Valuation

  • Market Total Value: $234,845
  • Market Land Value: $17,951
  • Market Improvement Value: $216,894

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $227,138

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 16, 2024
  • Current Sale Recording Date: Feb 20, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3672002

    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:

$371,900

Sale Price/ft²

$219

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1850 ft²

Average Home Age

29 years

Currently For Sale

2372 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: Andrew J Tveit, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 936148
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 5978 Silver Oaks Lane built and last sold?
The property at 5978 Silver Oaks Lane was built in 1992 and last sold on Feb 16, 2024 for $380,000.
How much is this home worth?
The estimated value of the home located at 5978 Silver Oaks Lane is $0.
What are some comparable homes to 5978 Silver Oaks Lane?
There are currently no comparable homes to 5978 Silver Oaks Lane.
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