This REO property is just mins away from Crestview and sits on right at 1.6 acres. All brick exterior, this 3 bedroom 1 and 1/2 bath has large open floor plan with fireplace, indoor laundry, large kitchen and tons of potential. Though this property may not qualify for most financing it is truly that diamond in the rough both home owner and investor alike would appreciate. Call today to set up your showing!
Single-familyProperty Type
1978Year Built
1.66 acresLot Size
$123Est. Price/Sq.Ft.
Listed by Cosmo Spellings• Assurance Realty of NWFL LLC
Bought with Bethany Zaal• ERA American Real Estate
This REO property is just mins away from Crestview and sits on right at 1.6 acres. All brick exterior, this 3 bedroom 1 and 1/2 bath has large open floor plan with fireplace, indoor laundry, large kitchen and tons of potential. Though this property may not qualify for most financing it is truly that diamond in the rough both home owner and investor alike would appreciate. Call today to set up your showing!
NAMLS #344576
Aug 29, 2003
Sold
$54,100
$39/sq ft
Aug 29, 2003
Sold
$54,100
$39/sq ft
Jun 19, 2003
Listed
$54,000
$39/sq ft
Jun 19, 2003
Listed
$54,000
$39/sq ft
HUD OWNED & SUBJECT TO RULES/REGS. SOLD AS IS. LIENS/CODE VIOLATIONS MAY/MAY NOT EXIST-BUYER/BROKER TO RESOLVE. SEE PRIVATE REMARKS FOR ADDTL INFO FHA ELIGIBLE WITH $440 REPAIR ESCROW HUD CASE 091-267439
Public Records
May 1, 1994
Sold
$61,000
$44/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$663 (+3.4%)
2024
$641 (−12.1%)
2023
$730 (+2.6%)
2022
$711 (+1.3%)
2021
$702 (+25.5%)
2020
$559 (+2.2%)
2019
$547 (−13.6%)
2018
$633 (+0.8%)
2017
$628 (−35.3%)
$12,675 + $62,574
$75,249
2016
$971 (+0.6%)
$12,675 + $62,574
$75,249
2015
$965 (−0.2%)
$12,306 + $58,736
$71,042
2014
$967
Tax history for 5775 Mt. Olive Rd
Year
Property tax
Land + Additions
Assessment*
2025
$663 (+3.4%)
2024
$641 (−12.1%)
2023
$730 (+2.6%)
2022
$711 (+1.3%)
2021
$702 (+25.5%)
2020
$559 (+2.2%)
2019
$547 (−13.6%)
2018
$633 (+0.8%)
2017
$628 (−35.3%)
$12,675 + $62,574
$75,249
2016
$971 (+0.6%)
$12,675 + $62,574
$75,249
2015
$965 (−0.2%)
$12,306 + $58,736
$71,042
2014
$967
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
3
Baths
2
Stories
1
Lot width
227 ft.
Lot depth
—
Lot size
2.13 Acres
Year renovated
1978
Sq. Ft.
1,375
Year built
1978
Style
Single Family Residential
County
Okaloosa County
APN
053N22000000050060
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 10, 2026.
AA
Agriculture District
The purpose of the agriculture AA district is to provide areas for production of plants and animals useful to humans, including to a variable extent the preparation of plant and animal products for human use by sale or otherwise and includes aquaculture, horticulture, floriculture, viticulture, silviculture, dairy, livestock, poultry, bees, and any and all forms of farm products and farm production. This district is also suitable for preservation of green spaces, conservation uses, outdoor recreation uses, very low-density residential uses, and public/institutional uses.
Permitted uses
Include but are not limited to:
Agriculture
Equestrian facility
Greenhouse / nursery
Winery & vineyard
Religious facility
Housing-Single unit
Infrastructure
Educational/school
Recreation
Park & open space
Property details
Parking
Parking Information
Garage Spaces: 0.00
Interior
Bedroom Information
Bedrooms: 3
Bedroom: First
Master Bedroom: First
Bathroom Information
Full Baths: 1
Half Baths: 1
Total Baths: 2.00
Full Bathroom: First
Room Information
Rooms: Bedroom, Full Bathroom, Living Room, Master Bedroom
Living Room: First
Room 1
Full Bathroom
Area: 30.00
Dimensions: 6 x 5
Dimensions: 5X6
Length: 6.00
Width: 5.00
Level: 1
Room Level: 1
Room 2
Living Room
Area: 168.00
Dimensions: 14 x 12
Dimensions: 12X14
Length: 14.00
Width: 12.00
Level: 1
Room Level: 1
Room 3
Master Bedroom
Area: 144.00
Dimensions: 12 x 12
Dimensions: 12X12
Length: 12.00
Width: 12.00
Level: 1
Room Level: 1
Room 4
Bedroom
Area: 121.00
Dimensions: 11 x 11
Dimensions: 11X11
Length: 11.00
Width: 11.00
Level: 1
Room Level: 1
Room 5
Bedroom
Area: 110.00
Dimensions: 11 x 10
Dimensions: 10X11
Length: 11.00
Width: 10.00
Level: 1
Room Level: 1
Interior Features
Interior: Fireplace, Needs Work
Exterior
Exterior Features
Exterior: Fenced Lot-Part, Porch Screened
Lot Information
Acreage: 1.66
Lot Dimensions: 250x250
Lot/Parcel Access: Paved Road
Zoning: Residential Single Family
Building Information
Construction Status: Construction Complete
Construction/Siding: Brick, Roof Composite Shngl, Slab, Trim Wood
Financial
Financial Information
Mortgage Type: Other
Financing: Conventional
Brokerage Interest: No Interest
Utilities
Utility Information
Utilities: Electric, Phone, Public Water, Septic Tank, TV Cable
Energy: AC - Central Elect, Water Heater - Elect
Location
School Information
Elementary School: Walker
Middle School: Davidson
High School: Crestview
Location Information
Sub Area: 2508 - E Shoal Rvr-Cnty Line
Area: 25 - Crestview Area
Street #: 5775
Street Name: Mt. Olive
Street Suffix: Road
City: Crestview
County: Okaloosa
State: FL
Zip Code: 32539
Project Name/Subdivision: NONE
Absolute Longitude: 86.470755
Longitude: -86.470755
Latitude: 30.786406
Directions: Hwy 90 East from Crestview to left onto Mt. Olive Rd. Continue to 5775 on right.
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,375
Stories: 1.0
Lot Size: 2.13 acres
Style: Single Family Residential
Year Built: 1978
Year Renovated: 1978
County: Okaloosa County
APN: 053N22000000050060
Home facts updated by county records on Jul 10, 2026
Other
Listing Price Information
List Price: 49900.00
List Price/SqFt: 36.29
Property Information
Apx SqFt(Htd/Cooled): 1375.00
Design: Traditional
Sub-Type: Detached Single Family
Listing Information
As Is
Immediate Occupancy: Immediate Occupancy
Around this home
Schools
Northwood Elementary School
Public PreK-5 • Assigned • 6.1mi
6/10
Davidson Middle School
Public 6-8 • Assigned • 5.4mi
8/10
Crestview High School
Public 9-12 • Assigned • 5.3mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
3% chance of being in a wildfire in next 30 years
9/10 Heat Factor
7 days above 107° expected this year, 20 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Crestview, FL • 32539
Average low and high temperatures (°F)
60
38
70
47
77
52
82
59
85
65
90
71
92
75
92
74
88
69
82
59
74
53
65
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.2 hours in
June and 5.3 hours in December, which is comparable to the
U.S. average for solar exposure.
9.2 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$161,000 – $195,000
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