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Lake Lorraine 32579 Shalimar Pointe
61 Lake Lorraine Circle
$375,000
● House - Off Market

61 Lake Lorraine Circle

Shalimar, FL 32579
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$379,347
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Incredible opportunity to live in one of the most desirable neighborhoods of Shalimar and right on the golf course. The house has an open floorplan - an inviting living room with a fireplace, kitchen, and a large Florida room. Spacious master suite is on the first floor and has incredible views of the golf course. Two additional bedrooms are upstairs and share a bathroom. Oversized garage offers a lot of storage and might accommodate a golf cart. High roofline opens great potential for expansion. The house sits on a large lot with mature trees and has a backyard that can accommodate a swimming pool. The house has been occupied by a tenant for several years and needs TLC.
Unit Size
-
Days on Market
42 days
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1979

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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 #896880)

Price History

Date / Event Date Event Price
Apr 19, 2023 No longer available -
No longer available
Apr 18, 2023 Sold
Premium
Sold
Apr 16, 2023 Relisted $549,900
Relisted
Mar 14, 2023 No longer available -
No longer available
Mar 1, 2023 Relisted $549,900
Relisted
Show More

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • 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: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 610
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,193
  • Total Building Area: 3,010
  • Gross Building Area: 3,010
  • Building Area: 2,248
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,248
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE LORRAINE EST
  • Land Acres: 0000000280
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: LAKE LORRAINE EST 3RD LOT 31 BLK 1

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021502

Geography

  • Assessors Map Reference: 19
  • Parcel: 04-2S-23-1435-0001-0310
  • Block: 1
  • Lot: 31
  • Meridian: SEC 04 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4426
  • Longitude: -86.5544

    Address

  • Full Address: 61 Lake Lorraine Cir
  • Address - House Number: 61
  • Address - Street Name: Lake Lorraine
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C002
  • 4-Digit Zip Code: 1617
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 2,630
  • Tax Year: 2023
  • Tax Amount: $455,126
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.0808
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 94
  • Final Value: 557,835
  • High Value: 602,931
  • Low Value: 512,739

    Market Valuation

  • Market Total Value: $367,624
  • Market Land Value: $119,140
  • Market Improvement Value: $248,484

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $367,624
  • Assessed Land Value: $119,140
  • Assessed Improvements Value: $248,484

    Sales

  • Current Sale Contract Date: Apr 14, 2023
  • Current Sale Recording Date: Apr 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3618399
  • Previous Sale Recording Date: Jun 08, 2022
  • Previous Sale Contract Date: Jun 08, 2022
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
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 Shalimar Pointe

Stats & Trends

Median Asking:

$529,900

Sale Price/ft²

$221

Below Asking

0.03%

Average Days on Market

76

Average Home Size

3466 ft²

Average Home Age

34.6 years

Currently For Sale

12 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: Oxana Solovieva, OxanaSol Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 896880
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 61 Lake Lorraine Circle built and last sold?
The property at 61 Lake Lorraine Circle was built in 1979 and last sold on Apr 14, 2023 for $545,000.
How much is this home worth?
The estimated value of the home located at 61 Lake Lorraine Circle is $0.
What are some comparable homes to 61 Lake Lorraine Circle?
There are currently no comparable homes to 61 Lake Lorraine Circle.
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