NOT LISTED FOR SALE

Estimated Value: $2,733,000 - $3,685,000

4 Beds
3.5 Baths
3,190 Sq Ft
$996/Sq Ft Est. Value

Last Sold December 05, 2012

Last sale price $1,242,500 $389 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $18,778/month

31 Days on Market

Highlights

  • Boat Dock
  • Beach
  • Fishing
  • Dune Lakes Elementary School Rated A-
  • Deeded access to the beach
  • Maid or Guest Quarters

About This Home

As of December 2012

Located just steps from the Woodfern Park amenities and Camp Watercolor, this T.S. Adams designed home is a must see. It is situated on a premium corner lot across the street from a beautiful pocket park. The adjacent carriage house is accessed from a rear alley. The home is warm and spacious with an abundance of both natural and indirect light. The first floor features an open plan that is ideal for entertaining. French doors open onto both the wraparound front porch and large screened porch adjacent to the kitchen and dining room. The gourmet kitchen is a chef's dream with generous work spaces and commercial grade appliances. There are three bedrooms on the second floor including a large master suite with an oversized walk in closet and owner's closet. The master bath features a large walk in shower with shower and rain heads and a jetted tub. French doors open from the master suite onto a private screened porch. The third floor tower room has a wet bar with a refrigerator and offers spectacular views of Watercolor. The Florida cottage finish details feature custom cabinetry, built in bookcases, wood wainscoting and reclaimed heart pine flooring throughout. A two-car carriage house garage is accessed directly from the home and has fully appointed guest quarters with a private entrance on its second floor. The exterior was recently painted and all screens on porches have been replaced. The meticulously maintained interior reflects that the home has never been on a rental program. An added bonus is the continuous circulation hot water system. The home is being offered fully furnished with the exception of some personal items. All information is deemed reliable and correct but should be verified by the buyer.

Last Agent to Sell the Property

Mike Cole

Watersound Real Estate License #3248404 Listed on: 09/12/2012

Last Buyer's Agent

Tim Shepard

Prudential Anchors Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,927

Year Built

  • Built in 2005

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 50 x 111
  • Corner Lot
  • Sprinkler System

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Golf Cart Parking

Home Design

  • Florida Architecture
  • Pitched Roof
  • Metal Roof
  • Wood Trim
  • Piling Construction
  • Cement Board or Planked

Interior Spaces

  • 3,190 Sq Ft Home
  • 3-Story Property
  • Built-in Bookshelves
  • Woodwork
  • Crown Molding
  • Wainscoting
  • Recessed Lighting
  • Window Treatments
  • Living Room
  • Dining Room
  • Bonus Room
  • Screened Porch

Kitchen

  • Walk-In Pantry
  • Gas Oven or Range
  • Stove
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Painted or Stained Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • Shower Only

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Deeded access to the beach
  • Built-In Barbecue

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Multiple cooling system units
  • Central Air
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15-3S-19-25412-000-0180

Community Details

Overview

  • Association fees include accounting, ground keeping, management, recreational faclty, security, cable TV, trash
  • Watercolor Subdivision

Amenities

  • Community Pavilion

Recreation

  • Boat Dock
  • Beach
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,927

Year Built

Built in 2005

Lot Details

0

HOA Fees

$350 per month

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Lot Size: 50 X 111
  • Road Surface Type: Paved
  • Subdivision Name: WATERCOLOR
  • Directions: Traveling south on Hwy 395 turn right into WaterColor across from the Publix/Watercolor Crossings Center. Proceed to the next stop sign and turn left on Western Lake Dr. The home is on the right at th
  • Architectural Style: Florida Cottage
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2005
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Bonus Room: Yes
  • Energy:AC - 2 or More: Yes
  • Utilities:Gas - Natural: Yes
  • Rooms:Screened Porch: Yes
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Auto Garage Door Opn, Dishwasher, Disposal, Dryer, Microwave, Range Hood, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Dual Fuel, Washer, Wine Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Interior Amenities: Built-In Bookcases, Ceiling Crwn Molding, Floor Hardwood, Kitchen Island, Lighting Recessed, Owner's Closet, Pantry, Walls Wainscoting, Washer/Dryer Hookup, Window Treatment All, Woodwork Painted
  • Interior:WasherDryer Hookup: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Floor Hardwood: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Appliances:Range Hood: Yes
  • Interior:Ceiling Crwn Molding: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Woodwork Painted: Yes
  • Appliances:Security System: Yes
  • Appliances:StoveOven Dual Fuel: Yes
  • Appliances:Wine Refrigerator: Yes
  • Interior:Built-In Bookcases: Yes
  • Interior:Walls Wainscoting: Yes

Exterior Features

  • Lot Features: Corner
  • Construction Type: Foundation On Piling, Roof Metal, Roof Pitched, Siding CmntFbrHrdBrd, Trim Wood
  • Exterior Features: BBQ Pit/Grill, Guest Quarters, Porch, Porch Open, Porch Screened, Shower, Sprinkler System
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • ConstructionSiding:Roof Metal: Yes
  • ConstructionSiding:Roof Pitched: Yes
  • ConstructionSiding:Foundation On Piling: Yes
  • Exterior:Porch Open: Yes
  • ConstructionSiding:Siding CmntFbrHrdBrd: Yes
  • Exterior:Shower: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Porch Screened: Yes
  • ConstructionSiding:Trim Wood: Yes
  • Lot Features:Corner: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Guest Quarters: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage, Golf Cart Open
  • Appliances:Auto Garage Door Opn: Yes
  • Parking Features:Garage3: Yes
  • Parking Features:Golf Cart Open: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Gas - Natural, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Deed Access, Dock, Exercise Room, Fishing, Pavillion/Gazebo, Playground, Pool, Tennis, TV Cable
  • Association #2 Fee: 1050.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Management, Recreational Faclty, Security, Cable TV, Trash

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 5662.8
  • Parcel #: 15-3S-19-25412-000-0180
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2012
Closed on
Dec 4, 2012
Sold by
Hollows Kathleen A and Hollows David J
Bought by
Mitra Raj K and Mitra Michelle R
Seller's Agent
Mike Cole
Watersound Real Estate
Buyer's Agent
Tim Shepard
Prudential Anchors Realty
List Price
$1,242,500
Sold Price
$1,242,500
Current Estimated Value
$3,178,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,935,868
Avg. Annual Appreciation
7.61%
Original Mortgage
$744,257
Outstanding Balance
$521,238
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$2,652,620

Purchase Details

Closed on
May 18, 2011
Sold by
Hollows David and Hollows Kathleen
Bought by
Hollows Kathleen A and Hollows David J

Purchase Details

Closed on
Jan 31, 2011
Sold by
Parker Larry J and Parker Kathie D
Bought by
Hollows David and Hollows Kathleen

Purchase Details

Closed on
May 31, 2005
Sold by
Margo Partnership Llc
Bought by
Parker Larry J and Parker Kathie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2004
Sold by
Watercolor Properties Llc
Bought by
Margo Partnership Llc

Purchase Details

Closed on
Nov 22, 2002
Sold by
St Joe Arvida Home Building Lp
Bought by
Watercolor Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$635,000
Interest Rate
6.15%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Mitra Raj K $1,242,500 Title Works
Hollows Kathleen A -- None Available
Hollows David $1,100,000 None Available
Parker Larry J $2,000,000 Southern Escrow & Title Llc
Margo Partnership Llc -- --
Watercolor Properties Llc $181,500 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitra Raj K $744,257
Previous Owner Parker Larry J $1,500,000
Previous Owner Watercolor Properties Llc $635,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2019 06/23/19 Off Market $1,242,500 -- --
12/05/2012 12/05/12 Sold $1,242,500 0.0% $389 / Sq Ft
10/13/2012 10/13/12 Pending -- -- --
09/12/2012 09/12/12 For Sale $1,242,500 -- $389 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $17,927 $2,390,597 $582,511 $1,808,086
2023 $17,927 $1,586,834 $0 $0
2022 $16,992 $2,268,865 $646,587 $1,622,278
2021 $13,140 $1,404,648 $565,544 $839,104
2020 $11,901 $1,192,212 $517,402 $674,810
2019 $11,630 $1,171,084 $502,332 $668,752
2018 $11,426 $1,145,951 $0 $0
2017 $11,111 $1,121,091 $473,496 $647,595
2016 $11,027 $1,101,988 $0 $0
2015 $11,453 $1,139,538 $0 $0
2014 -- $1,016,386 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 583597

Emerald Coast Association of REALTORS®

APN: 15-3S-19-25412-000-0180