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Niceville 32578 Palm Estates
709 Tarpon Lane
$185,000
● House - Off Market

709 Tarpon Lane

Niceville, FL 32578
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$320,105
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Buyer financing fell through! Motivated Seller will pay some closing costs! UPDATED AND MOVE IN READY FOR YOU! This lovely 1 story, brick ranch has all new laminate wood flooring throughout, new lighting, crown molding, designer paint colors, stainless steel appliances, quartz countertops, tile backsplash, new driveway and so much more! There is so much to enjoy in this home: living room, dining room, family room, fireplace, interior laundry, master bedroom with sliding door to the fenced, private backyard and patio. You will also appreciate the established neighborhood that is close to everything and only 1.5 miles to the nearest marina and 5.5 miles to Eglin AFB. Plus, this property is located on a cul-de-sac. The patio set and a FREE standard one year home warranty are included.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$127
Property Type
House
Property Taxes
$116
HOA Dues
-
Year Built
1974

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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 MLS #753963)

Price History

Date / Event Date Event Price
Dec 15, 2020 Sold
Premium
Sold
Oct 22, 2020 No longer available -
No longer available
Oct 21, 2020 Listed by ERA American Real Estate $252,750
Listed by ERA American Real Estate
Jan 18, 2017 Sold
Premium
Sold
Nov 23, 2016 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • 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: 21
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 364
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,679
  • Lot Size Frontage Feet: 920
  • Total Building Area: 2,084
  • Gross Building Area: 2,084
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PALM EST
  • Land Acres: 0000000268
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: PALM EST UNIT #2 LOT 20 BLK 1

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021102

Geography

  • Assessors Map Reference: 29
  • Parcel: 17-1S-22-4001-0001-0200
  • Block: 1
  • Lot: 20
  • Meridian: SEC 17 TWN 01S RNG 22W
  • Municipality: NICEVILLE
  • Latitude: 30.5006
  • Longitude: -86.4678

    Address

  • Full Address: 709 Tarpon Ln
  • Legal Unit: 2
  • Address - House Number: 709
  • Address - Street Name: Tarpon
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Niceville
  • Carrier Code: C004
  • 4-Digit Zip Code: 3533
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 1,766
  • Tax Year: 2023
  • Tax Amount: $246,925
  • Tax Rate Code Area: 006

    Appraisal Valuation

  • Standard Deviation: 0.1971
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 73
  • Final Value: 368,622
  • High Value: 441,293
  • Low Value: 295,952

    Market Valuation

  • Market Total Value: $269,160
  • Market Land Value: $80,386
  • Market Improvement Value: $188,774

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $229,953

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 09, 2020
  • Current Sale Recording Date: Dec 15, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3415061
  • Previous Sale Recording Date: Jan 18, 2017
  • Previous Sale Contract Date: Jan 28, 2016
  • Previous Sale Amount: $185,000
  • Previous Sale Document Type: 61
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 Palm Estates

Stats & Trends

Median Asking:

$384,900

Sale Price/ft²

$255

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1648 ft²

Average Home Age

50 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

Rentals Near You

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ECAR

Listed by: Chris Collins, ERA American Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 753963
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 709 Tarpon Lane built and last sold?
The property at 709 Tarpon Lane was built in 1974 and last sold on Dec 9, 2020 for $252,750.
How much is this home worth?
The estimated value of the home located at 709 Tarpon Lane is $262,038.
What are some comparable homes to 709 Tarpon Lane?
There are currently no comparable homes to 709 Tarpon Lane.
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