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Lake Lorraine 32579 Port Dixie
75 B 3rd Avenue
$205,000
● House - Off Market

75 B 3rd Avenue

Shalimar, FL 32579
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,490 Ft²
$403,746
RealtyHop Estimate
95.05%
Since Dec 1, 2013
National-US
Primary Model

About This Property

Move-in ready home located in the center of Shalimar. One owner, 3 Bedroom/ 2 Bath. This home offers a Nice Size Privacy Fenced-in Back yard with a concrete patio, lawn pump and sprinkler system with a timer. Large two car Garage and inside laundry room. The inside is set up with a open floor plan including the tiled Kitchen, Dinning Room and Living Room all in one large area. This home was built in 2008 and is energy efficient! Regular sale, can close quick. Make offer!
Unit Size
1,490 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$139
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2008

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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 #602719)

Price History

Date / Event Date Event Price
Dec 3, 2013 Sold
Premium
Sold
Aug 13, 2013 Listed by World Impact Real Estate $207,000
Listed by World Impact Real Estate
Mar 27, 2008 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • 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: 18
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 418
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,975
  • Lot Size Frontage Feet: 900
  • Total Building Area: 2,193
  • Gross Building Area: 2,193
  • Building Area: 1,560
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,560
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PORT DIXIE
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: PORT DIXIE LOT 7 AND E1/2 LOT 6 BLK 29

Neighborhood

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

Geography

  • Assessors Map Reference: MAP 5
  • Parcel: 05-2S-23-2080-0029-0070
  • Block: 29
  • Lot: 7,6
  • Meridian: SEC 05 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4381
  • Longitude: -86.5709

    Address

  • Full Address: 75b 3rd Ave
  • Address - House Number: 75b
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C008
  • 4-Digit Zip Code: 1950
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 1,815
  • Tax Year: 2023
  • Tax Amount: $306,623
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1941
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 383,022
  • High Value: 457,367
  • Low Value: 308,677

    Market Valuation

  • Market Total Value: $263,524
  • Market Land Value: $45,950
  • Market Improvement Value: $217,574

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $263,524
  • Assessed Land Value: $45,950
  • Assessed Improvements Value: $217,574

    Sales

  • Current Sale Contract Date: Nov 27, 2013
  • Current Sale Recording Date: Dec 03, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2898166
  • Previous Sale Recording Date: Mar 27, 2008
  • Previous Sale Contract Date: Mar 24, 2008
  • Previous Sale Amount: $210,000
  • 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 Port Dixie

Stats & Trends

Median Asking:

$317,000

Sale Price/ft²

$214

Below Asking

0.02%

Average Days on Market

78

Average Home Size

1792 ft²

Average Home Age

29.8 years

Currently For Sale

23 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: Justin B Myers, World Impact Real Estate
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 602719
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 75B 3rd Avenue built and last sold?
The property at 75B 3rd Avenue was built in 2008 and last sold on Nov 27, 2013 for $205,000.
How much is this home worth?
The estimated value of the home located at 75B 3rd Avenue is $214,127.
What are some comparable homes to 75B 3rd Avenue?
There are currently no comparable homes to 75B 3rd Avenue.
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