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Lake Lorraine 32579 Shalimar Pointe
939 Shalimar Pointe Drive
$459,900
● House - Off Market

939 Shalimar Pointe Drive

Shalimar, FL 32579
bedrooms
3 Beds
bathrooms
2 Baths
$458,189
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Well Maintained  home updated in last 5 years.   New roof installed 7/21, New HVAC and New tankless HWH in last year.   Update and upgrades include all new windows (some with solar shades) and doors,  the eat-in kitchen updated with new cabinets, Boush appliances, island with dog feeding station, dishwasher with cabinet door, refrigerator with cabinet door and granite counter tops.  Kitchen is open to  Great Room.   Master bedroom suite has been updated with large walk-in closet, bath was updated with large tiled shower, double vanities with granite countertops, and toilet.  Split bedroom design and  Whole House Generator when the power is out.
Unit Size
-
Days on Market
32 days
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$218
HOA Dues
-
Year Built
1992

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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: 11 months ago (ECAR #931787)

Price History

Date / Event Date Event Price
Oct 12, 2023 Sold
Premium
Sold
Sep 7, 2023 Listed by ERA American Real Estate $459,900
Listed by ERA American Real Estate
Jun 5, 2018 Sold
Premium
Sold
Aug 22, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,482
  • Total Building Area: 2,640
  • Gross Building Area: 2,640
  • Building Area: 1,974
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,974
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHALIMAR POINT
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 001
  • Legal Description 1: SHALIMAR POINTE PH I LOT 29

Neighborhood

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

Geography

  • Assessors Map Reference: 19
  • Subdivision Phase Number: 1
  • Parcel: 04-2S-23-225A-0000-0290
  • Lot: 29
  • Meridian: SEC 04 TWN 02S RNG 23W
  • Municipality: OCEAN CITY/WRIGHT FIRE
  • Latitude: 30.4435
  • Longitude: -86.5515

    Address

  • Full Address: 939 Shalimar Point Dr
  • Address - House Number: 939
  • Address - Street Name: Shalimar Point
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Shalimar
  • Carrier Code: C004
  • 4-Digit Zip Code: 1663
  • Zip Code: 32579

Valuation

    Tax

  • Total Area: 2,295
  • Tax Year: 2023
  • Tax Amount: $268,415
  • Tax Rate Code Area: 012

    Appraisal Valuation

  • Standard Deviation: 0.1939
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 462,549
  • High Value: 552,275
  • Low Value: 372,823

    Market Valuation

  • Market Total Value: $361,144
  • Market Land Value: $96,288
  • Market Improvement Value: $264,856

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $260,750

    Sales

  • Current Sale Contract Date: Oct 12, 2023
  • Current Sale Recording Date: Oct 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3651848
  • Previous Sale Recording Date: Jun 05, 2018
  • Previous Sale Contract Date: May 30, 2018
  • Previous Sale Amount: $292,000
  • 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 Shalimar Pointe

Stats & Trends

Median Asking:

$527,450

Sale Price/ft²

$227

Below Asking

0.02%

Average Days on Market

67

Average Home Size

3051 ft²

Average Home Age

34.2 years

Currently For Sale

22 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: Patricia A Williams, ERA American Real Estate
Last Updated: 11 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 931787
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 939 Shalimar Pointe Drive built and last sold?
The property at 939 Shalimar Pointe Drive was built in 1992 and last sold on Oct 12, 2023 for $459,900.
How much is this home worth?
The estimated value of the home located at 939 Shalimar Pointe Drive is $0.
What are some comparable homes to 939 Shalimar Pointe Drive?
There are currently no comparable homes to 939 Shalimar Pointe Drive.
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