NOT LISTED FOR SALE

18125 Us Highway 331 S Freeport, FL 32439

Estimated Value: $651,000 - $953,000

3 Beds
2 Baths
1,363 Sq Ft
$591/Sq Ft Est. Value

Last Sold January 04, 2023

Last sale price $775,000 $569 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,407/month

29 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Freeport Middle School Rated A-

About This Home

As of January 2023

Currently under contract, seller considering back up offers. Prime commercial property situated perfectly in a prime location on Highway 331. Located just 3 miles from the Choctawhatchee Bay Bridge, 2 miles from Hwy 20 this location is ideal to support the fast-growing communities in Freeport and South Walton. This parcel is 2.06 acres with 300 feet fronting Highway 331. Property is currently zoned general commercial with an impressive daily traffic count of 25,000. General Commercial uses include, but not limited to, lodging, restaurant, accommodations, multi-family, professional services, office, and so many more.

Last Agent to Sell the Property

Carly Sostheim

Corcoran Reverie Listed on: 08/30/2022

Corcoran Reverie

Last Buyer's Agent

Non Member

NON-MEMBER OFFICE

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $2,316

Year Built

  • Built in 1971

Lot Details

  • 2.06 Acre Lot
  • Zoning described as Commercial

Home Design

  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 1-Story Property

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Property Details

Property Type

Other

Est. Annual Taxes

$2,316

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1971
  • Property Sub Type: Other
  • Lot Size Acres: 2.06
  • Subdivision Name: [No Recorded Subdiv]
  • Unit Levels: One
  • Building Stories: 1
  • ResoPropertyType: CommercialSale
  • Property Sub Type Additional: Other
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater
  • Possible Use: Commercial

Exterior Features

  • Waterfront: No
  • Construction Type: Brick
  • Roof: Metal

Utilities

  • Utilities: Electricity Available
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 90000.0
  • Zoning Description: Commercial

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2022
Closed on
Jan 3, 2023
Sold by
Flatt Kelly
Bought by
Maounis Konstantinos and Maounis Margaret A
Seller's Agent
Carly Sostheim
Corcoran Reverie
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$899,000
Sold Price
$775,000
Premium/Discount to List
-$124,000
-13.79%
Current Estimated Value
$805,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,060
Avg. Annual Appreciation
1.36%

Purchase Details

Closed on
Jan 28, 2022
Sold by
Eastern Lakes Estates Inc
Bought by
Flatt Kelly
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Maounis Konstantinos $775,000 Mcgill Escrow & Title
Flatt Kelly -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/22/2023 01/22/23 Off Market $775,000 -- --
01/04/2023 01/04/23 Sold $775,000 -13.8% $569 / Sq Ft
08/30/2022 08/30/22 For Sale $899,000 -- $660 / 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 $2,316 $530,371 $360,000 $170,371
2023 $2,316 $269,413 $158,400 $111,013
2022 $2,217 $275,144 $175,824 $99,320
2021 $1,969 $218,147 $144,900 $73,247
2020 $1,794 $186,266 $121,500 $64,766
2019 $1,670 $177,538 $112,500 $65,038
2018 $1,493 $153,785 $0 $0
2017 $1,741 $179,914 $116,100 $63,814
2016 $1,755 $179,561 $0 $0
2015 $1,782 $179,436 $0 $0
2014 $1,808 $179,436 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carly Sostheim

    Seller's Agent in 2023

    Carly Sostheim

    Corcoran Reverie

    (850) 814-4560

    365 Total Sales

    Carly Sostheim
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    NON-MEMBER OFFICE

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 731551

Central Panhandle Association of REALTORS®

APN: 27-1S-19-23000-043-0010

Florida Walton County Freeport 32439

18125 Us Highway 331 S, Freeport, 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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