NOT LISTED FOR SALE

102 S 40th St Unit A Mexico Beach, FL 32456

Estimated Value: $492,000 - $562,531

3 Beds
2.5 Baths
1,512 Sq Ft
$346/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2021

Last sale price $455,000 $301 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,352 / mo

25 Days on Market

Highlights

  • Resort Property
  • Beach House
  • No HOA
  • Gulf View
  • Furnished
  • Walk-In Closet

About This Home

As of September 2021

Great beachside townhouse in Mexico Beach that's being sold fully furnished and move in ready. Remodeled after Hurricane Michael with many nice features and upgrades. This is a spacious floorplan for a townhouse in this area and the entire downstairs is an open kitchen/living/dining area with plenty of room for entertaining and includes a half bath and nice back yard area. Short walk to the beach access at the end of the dead end street and you don't have to cross Hwy 98. This development does not have HOA dues and the home is in the X.02 flood zone. These homes make great vacation rentals, 2nd homes, or full time homes for those not wanting all the upkeep of a single family home.

Last Agent to Sell the Property

Zach Childs

98 Real Estate Group, LLC License #3153944 Listed on: 07/21/2021

Last Buyer's Agent

Mary Blackburn

Sundance Realty License #3018180

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 2002 | Remodeled

Lot Details

  • 1,700 Sq Ft Lot
  • Lot Dimensions are 17 x 100
  • Privacy Fence
  • Back Yard Fenced

Home Design

  • Beach House
  • Slab Foundation
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,512 Sq Ft Home
  • Furnished
  • Gulf Views

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Driveway
  • Open Parking

Community Details

  • No Home Owners Association
  • Resort Property
  • Laid Back Community
  • Treasure Palms Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04120008000

Townhouse Details

Home Type

Townhome

Year Built

Built in 2002 | Remodeled

Lot Details

1,700 Sq Ft Lot

Listing Details

  • Directions: From Hwy 98, turn onto S 40th Street. Home will be on right side of road.
  • Prop. Type: Residential
  • Property Sub Type: Townhouse,ASF (Attached Single Family)
  • Lot Size Acres: 0.039
  • Lot Size: 17 x 100
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Treasure Palms
  • Architectural Style: Beach House
  • Building Name: Laid Back
  • Carport Y N: No
  • Garage Yn: No
  • Property Attached Yn: Yes
  • Structure Type: Townhouse
  • Year Built: 2002
  • NAV22_ResortRentalYN: Yes
  • NAV22_BuildersWarrantyYN: No
  • Special Features: None

Interior Features

  • Appliances: Electric Oven, Dishwasher, Microwave, Dryer, Refrigerator w/Ice Maker, Washer
  • Furnished: Furnished
  • Interior Amenities: See Remarks, Breakfast Bar, Renovated, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Living Area: 1512

Exterior Features

  • Lot Features: Aerials/Topo Available, Within 1/2 Mile of Water
  • Roof: Metal
  • Fencing: Back Yard, Privacy
  • Pool Features: None
  • Pool Private: No
  • View: Water, Gulf
  • View: Yes
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Property Condition: Construction Complete

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Driveway, Space/Unit
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available, City Trash
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 1700
  • Additional Parcels: No
  • Parcel #: 04120008000
  • Zoning Description: Residential Multi-Family
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2021
Closed on
Sep 30, 2021
Sold by
Smarr Floyd Samuel
Bought by
Echavarry Ralph and Starkey Patricia
Seller's Agent
Zach Childs
98 Real Estate Group, LLC
Buyer's Agent
Mary Blackburn
Sundance Realty
List Price
$469,000
Sold Price
$455,000
Premium/Discount to List
-$14,000
-2.99%
Current Estimated Value
$523,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,383
Avg. Annual Appreciation
3.13%
Original Mortgage
$297,000
Outstanding Balance
$267,285
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$256,098

Purchase Details

Closed on
Apr 9, 2021
Sold by
Martinchek and Martinchek Audrey
Bought by
Smarr Floyd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,256
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2005
Sold by
Stewart Linda Terrio
Bought by
Martinchek Joel and Martinchek Audrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,690
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2004
Sold by
Johnson Thomas L
Bought by
Stewart William Paul and Stewart Linda Terrio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.25%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Echavarry Ralph $455,000 Attorney
Smarr Floyd $418,800 None Listed On Document
Martinchek Joel $370,000 Rels Title
Stewart William Paul $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Echavarry Ralph $297,000
Previous Owner Smarr Floyd $341,256
Previous Owner Martinchek Joel $101,690
Previous Owner Stewart William Paul $240,000
Closed Stewart William Paul $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $455,000 -3.0% $301 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
07/21/2021 07/21/21 For Sale $469,000 -- $310 / Sq Ft
Source: Forgotten Coast REALTOR® Association

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,923 $417,747 $122,400 $295,347
2024 $6,580 $414,081 $121,856 $292,225
2023 $6,580 $381,774 $110,500 $277,781
2022 $5,784 $347,067 $81,005 $266,062
2021 $2,434 $126,567 $0 $0
2020 $2,144 $115,061 $69,700 $45,361
2019 $2,133 $114,577 $69,173 $45,404
2018 $3,272 $180,917 $0 $0
2017 $2,783 $167,452 $0 $0
2016 $2,519 $152,229 $0 $0
2015 $2,532 $151,439 $0 $0
2014 $2,521 $150,001 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 308544

Forgotten Coast REALTOR® Association

APN: 04120-008-000

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