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Lake Lorraine 32579 Port Dixie
7 3rd Street
$274,900
● House - Off Market

7 3rd Street

Shalimar, FL 32579
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$513,055
RealtyHop Estimate
86.63%
Since Dec 1, 2014
National-US
Primary Model

About This Property

Close in location in Shalimar. This home is centrally located near schools, shopping, beaches and work. This all brick home is being built by award winning local builder Watree Construction. Featuring a split bedroom design with an open floor plan. The kitchen has designer cabinetry granite counters and stainless steel appliances. Tile covers all wet areas as well as the hallway. The Master suite features an oversized walkin closet and a trey ceiling. A double sink vanity, soaking tub and separate shower complete the master bath. Watree Homes offers the best value and construction in the area. Combine the location, the builder and the extended structure warranty and this is the best available in the area.
Unit Size
-
Days on Market
84 days
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2014

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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: 7 months ago (ECAR #713050)

Price History

Date / Event Date Event Price
Sep 13, 2022 Sold
Premium
Sold
Aug 9, 2022 No longer available -
No longer available
Aug 4, 2022 Listed by Century 21 AllPoints Realty $485,000
Listed by Century 21 AllPoints Realty
Jun 11, 2019 Sold
Premium
Sold
Nov 21, 2014 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 492
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,095
  • Lot Size Frontage Feet: 670
  • Total Building Area: 2,729
  • Gross Building Area: 2,729
  • Building Area: 2,126
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,126
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PORT DIXIE
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: PORT DIXIE NORTH 47.5FT OF LOTS 15 TO 18 BLK 2 AND 20FT OF SECOND AVE

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021501

Geography

  • Assessors Map Reference: 44
  • Parcel: 05-2S-23-2080-0002-0150
  • Block: 2,20
  • Lot: 15-18
  • Meridian: SEC 05 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4366
  • Longitude: -86.5786

    Address

  • Full Address: 7 3rd St
  • Address - House Number: 7
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C009
  • 4-Digit Zip Code: 2150
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 2,430
  • Tax Year: 2023
  • Tax Amount: $504,774
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1943
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 498,315
  • High Value: 595,145
  • Low Value: 401,485

    Market Valuation

  • Market Total Value: $407,726
  • Market Land Value: $41,355
  • Market Improvement Value: $366,371

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $407,726
  • Assessed Land Value: $41,355
  • Assessed Improvements Value: $366,371

    Sales

  • Current Sale Contract Date: Sep 09, 2022
  • Current Sale Recording Date: Sep 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3578128
  • Previous Sale Recording Date: Jun 11, 2019
  • Previous Sale Contract Date: Jun 07, 2019
  • Previous Sale Amount: $349,000
  • 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 Port Dixie

Stats & Trends

Median Asking:

$327,000

Sale Price/ft²

$217

Below Asking

0.02%

Average Days on Market

68

Average Home Size

1716 ft²

Average Home Age

38 years

Currently For Sale

39 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: Brandee L Lewis, Century 21 AllPoints Realty
Last Updated: 7 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 713050
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 7 3rd Street built and last sold?
The property at 7 3rd Street was built in 2014 and last sold on Sep 9, 2022 for $485,000.
How much is this home worth?
The estimated value of the home located at 7 3rd Street is $0.
What are some comparable homes to 7 3rd Street?
There are currently no comparable homes to 7 3rd Street.
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