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Okaloosa
965 Melton Road
$430,000
● Mobile Manufactured - Off Market

965 Melton Road

Baker, FL 32531
bedrooms
4 Beds
bathrooms
2 Baths
$516,042
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Don't miss your opportunity to own this 2020 Timberline Elite Manufactured four-bedroom home on a sprawling 21.19-acre homestead.  Experience the peace of idyllic living with nature while enjoying the Fox squirrels, deer and various birds that roam the property.  Launch into an  adventure and enjoy the back 10 acres composed of custom ATV trails.  For the foodie, there is a large chef's kitchen with an oversized double door refrigerator, granite counter tops, apron sink, double ovens and large island for preparing meals with plenty of room for seamlessly entertaining.  A barn, stable, pasture, pool, trampoline, or whatever you fancy can be added while still leaving ample room.  For your storage solutions, there is a large, detached workshop with a loft.  Buyer to verify all information
Unit Size
-
Days on Market
44 days
Land Size
21.19 acres
Price per sqft
-
Property Type
Mobile Manufactured
Property Taxes
$56
HOA Dues
-
Year Built
2020

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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 #910163)

Price History

Date / Event Date Event Price
Dec 1, 2022 Sold
Premium
Sold
Oct 14, 2022 Listed by Keller Williams Realty Destin $489,000
Listed by Keller Williams Realty Destin

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 925,650
  • Total Building Area: 2,280
  • Gross Building Area: 2,280
  • Building Area: 2,280
  • Building Area Measurement: R

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,280
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000021250
  • Standard Land Use Code: 8001
  • County Land Use Code: 000070
  • Mobile Home Indicator: T
  • Legal Description 1: COM SE COR OF SEC N 74.49 FT W 401.24 FT TO POB W825.68 FT N 617 FT E 15.6FT N 617.13 FT

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 020102

Geography

  • Parcel: 35-4N-25-0000-0004-0020
  • Block: 4
  • Meridian: SEC 35 TWN 04N RNG 25W
  • Municipality: COUNTY
  • Latitude: 30.7993
  • Longitude: -86.7113

    Address

  • Full Address: 965 Melton Rd
  • Address - House Number: 965
  • Address - Street Name: Melton
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Baker
  • Carrier Code: R042
  • 4-Digit Zip Code: 5347
  • Zip Code: 32531

Valuation

    Tax

  • Total Area: 2,280
  • Tax Year: 2023
  • Tax Amount: $240,987
  • Tax Rate Code Area: 001

    Market Valuation

  • Market Total Value: $239,458
  • Market Land Value: $108,750
  • Market Improvement Value: $130,708

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $239,458
  • Assessed Land Value: $108,750
  • Assessed Improvements Value: $130,708

    Sales

  • Current Sale Contract Date: Nov 29, 2022
  • Current Sale Recording Date: Dec 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3593728
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 Okaloosa

Stats & Trends

Median Asking:

$371,900

Sale Price/ft²

$219

Below Asking

0.02%

Average Days on Market

71

Average Home Size

1852 ft²

Average Home Age

28.9 years

Currently For Sale

2370 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: Crystal L Watkins, Keller Williams Realty Destin
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 910163
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 965 Melton Road built and last sold?
The property at 965 Melton Road was built in 2020 and last sold on Nov 29, 2022 for $430,000.
How much is this home worth?
The estimated value of the home located at 965 Melton Road is $0.
What are some comparable homes to 965 Melton Road?
There are currently no comparable homes to 965 Melton Road.
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