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Ocean City 32547 Winthrop Place
603 MARLOWE Drive
$279,900
● House - Off Market

603 MARLOWE Drive

Fort Walton Beach, FL 32547
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,370 Ft²
$519,951
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model
Unit Size
2,370 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$118
Property Type
House
Property Taxes
$83
HOA Dues
-
Year Built
2014

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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 #706009)

Price History

Date / Event Date Event Price
Sep 7, 2023 Sold
Premium
Sold
Sep 20, 2019 Sold
Premium
Sold
Aug 9, 2019 No longer available -
No longer available
Aug 8, 2019 Price Decreased $355,000
↓ $2K (0.6%)
Price Decreased
Jun 16, 2019 Price Decreased $357,000
↓ $3K (0.8%)
Price Decreased
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • 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: 14
  • Roof Shape Type: 9
  • Roof Cover Type: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 462
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,087
  • Lot Size Frontage Feet: 700
  • Total Building Area: 3,032
  • Gross Building Area: 3,032
  • Building Area: 2,220
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,220
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WINTHROP PLACE
  • Land Acres: 0000000209
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: WINTHROP PLACE LOT 3 BLK 1

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 022100

Geography

  • Assessors Map Reference: 18
  • Parcel: 01-2S-24-270A-0001-0030
  • Block: 1
  • Lot: 3
  • Meridian: SEC 01 TWN 02S RNG 24W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4382
  • Longitude: -86.6057

    Address

  • Full Address: 603 Marlowe Dr
  • Address - House Number: 603
  • Address - Street Name: Marlowe
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Fort Walton Beach
  • Carrier Code: C012
  • 4-Digit Zip Code: 2662
  • Zip Code: 32547

Valuation

    Tax

  • Total Area: 2,579
  • Tax Year: 2023
  • Tax Amount: $512,374
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1936
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 503,455
  • High Value: 600,974
  • Low Value: 405,937

    Market Valuation

  • Market Total Value: $450,114
  • Market Land Value: $55,873
  • Market Improvement Value: $394,241

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $450,114
  • Assessed Land Value: $55,873
  • Assessed Improvements Value: $394,241

    Sales

  • Current Sale Contract Date: Jun 12, 2023
  • Current Sale Recording Date: Sep 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3645755
  • Previous Sale Recording Date: Sep 20, 2019
  • Previous Sale Contract Date: Sep 18, 2019
  • Previous Sale Amount: $348,500
  • 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 Winthrop Place

Stats & Trends

Median Asking:

$225,000

Sale Price/ft²

$216

Above Asking

0.00%

Average Days on Market

39

Average Home Size

2389 ft²

Average Home Age

59 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: Johnnette J Acree, Keller Williams Realty FWB
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 706009
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 603 Marlowe Drive built and last sold?
The property at 603 Marlowe Drive was built in 2014 and last sold on Jun 12, 2023 for $420,465.
How much is this home worth?
The estimated value of the home located at 603 Marlowe Drive is $0.
What are some comparable homes to 603 Marlowe Drive?
There are currently no comparable homes to 603 Marlowe Drive.
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