NOT LISTED FOR SALE

131 Lake Merial Trail Southport, FL 32409

Estimated Value: $506,000 - $575,000

5 Beds
3 Baths
2,624 Sq Ft
$204/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $337,181 $128 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,148/month

136 Days on Market

Highlights

  • Boat Dock
  • Gated Community
  • Traditional Architecture
  • Fishing
  • Vaulted Ceiling
  • Covered Patio or Porch

About This Home

As of October 2020

SAVE UP TO 1/2 OFF OF UPGRADES UP TO $10,000 IN JULY!!! 5 bedroom/3 bath 2 story One of Kind Find!! This floor plan is new to Lake Merial and offers an incredible split lower level floor plan with 4 bedrooms and 2 bathrooms (including a Jack & Jill set up)...Upstairs has a full bedroom, separate bathroom AND a bonus room! Don't miss this one...it won't last!

Last Agent to Sell the Property

Angela Peoples

Adams Homes Realty, Inc. Listed on: 05/01/2020

Adams Homes Realty, Inc.

Last Buyer's Agent

Kerry Jackson

Jackson Realty Team Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $511

Year Built

  • Built in 2020

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 110x205
  • Property fronts a private road
  • Landscaped
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Exterior Columns
  • Brick Exterior Construction
  • HardiePlank Type

Interior Spaces

  • 2-Story Property
  • Bookcases
  • Coffered Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Storage
  • Washer and Dryer Hookup
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Deane Bozeman Elementary And Middle School
  • Deane Bozeman High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Well
  • High Speed Internet

Listing and Financial Details

  • Home warranty included in the sale of the property

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management, fishing rights
  • Lake Merial Phase One Subdivision

Amenities

  • Picnic Area

Recreation

  • Boat Dock
  • Fishing
  • Park

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$511

Year Built

Built in 2020

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 2020
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.52
  • Lot Size: 110x205
  • Road Frontage Type: Private Road
  • Subdivision Name: Lake Merial Phase One
  • Architectural Style: Traditional
  • Unit Levels: Two
  • Building Stories: 2
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave
  • Interior Amenities: Bookcases, Coffered Ceiling(s), High Ceilings, Other, Pantry, Recessed Lighting, Split Bedrooms, Storage, Vaulted Ceiling(s)
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Flooring: Luxury Vinyl Plank
  • Dining Room Type: Bedroom, Primary Bedroom
  • Stories: 2

Exterior Features

  • Home Warranty: Yes
  • Construction Type: Brick, HardiPlank Type
  • Exterior Features: Columns, Sprinkler/Irrigation
  • Patio And Porch Features: Covered, Patio, Porch

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Garage: Yes
  • Attached Garage: Yes

Utilities

  • Utilities: Cable Connected, Electricity Available, High Speed Internet Available, Phone Connected, Trash Collection, Underground Utilities, Water Available, Water Connected
  • Security Features: Smoke Detector(s), Security Service
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central, Electric
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Dock, Fishing, Gated, Park, Sidewalks
  • Amenities: Dock, Gated, Picnic Area
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Fishing Rights, Other, See Remarks

Schools

  • Middle Or Junior School: Deane Bozeman

Lot Info

  • Lot Features: Landscaped, Sprinkler System
  • Lot Size Sq Ft: 22521.0
  • Mobile Dim Units: Feet
  • Zoning Description: Resid Single Family

Multi Family

  • Number Of Units Furnished: None

Tax Info

  • Tax Annual Amount: 511.0
  • Tax Year: 2019

MLS Schools

  • Elementary School: Deane Bozeman
  • High School: Deane Bozeman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2020
Closed on
Oct 30, 2020
Sold by
Adams Homes Of Northwest Florida Inc
Bought by
Anderson Michael Bradley and Anderson Valarie Renee
Seller's Agent
Angela Peoples
Adams Homes Realty, Inc.
Buyer's Agent
Kerry Jackson
Jackson Realty Team Inc
List Price
$331,181
Sold Price
$337,181
Premium/Discount to List
$6,000
1.81%
Current Estimated Value
$536,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,315
Avg. Annual Appreciation
9.75%
Original Mortgage
$339,331
Outstanding Balance
$301,956
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$234,540

Purchase Details

Closed on
Feb 27, 2020
Sold by
Cook Thomas H and Cook Susan W
Bought by
Adams Homes Of Northwest Florida Inc

Purchase Details

Closed on
May 2, 2007
Sold by
Lake Merial Inc
Bought by
Cook Thomas H and Cook Susan W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Anderson Michael Bradley $327,600 None Available
Adams Homes Of Northwest Florida Inc $45,000 None Available
Cook Thomas H $135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Michael Bradley $339,331
Previous Owner Cook Thomas H $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2022 07/20/22 Off Market $337,181 -- --
10/30/2020 10/30/20 Sold $337,181 +1.8% $128 / Sq Ft
09/14/2020 09/14/20 Pending -- -- --
05/01/2020 05/01/20 For Sale $331,181 -- $126 / Sq Ft
Source: Central Panhandle 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 $4,081 $403,007 $61,850 $341,157
2023 $4,081 $322,703 $51,000 $271,703
2022 $3,488 $298,610 $49,100 $249,510
2021 $3,398 $282,357 $43,000 $239,357
2020 $517 $43,000 $43,000 $0
2019 $511 $43,000 $43,000 $0
2018 $505 $38,390 $0 $0
2017 $432 $34,900 $0 $0
2016 $445 $34,900 $0 $0
2015 $480 $36,455 $0 $0
2014 $447 $34,005 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Angela Peoples

    Seller's Agent in 2020

    Angela Peoples

    Adams Homes Realty, Inc.

    (918) 813-0216

    144 Total Sales

    Angela Peoples
    Section Image

  • K

    Buyer's Agent in 2020

    Kerry Jackson

    Jackson Realty Team Inc

See All Agents

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 697031

Central Panhandle Association of REALTORS®

APN: 07504-227-000

Florida Bay County Southport 32409

131 Lake Merial Trail, Southport, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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