NOT LISTED FOR SALE

198 Somerset Bridge Rd Unit 126 Santa Rosa Beach, FL 32459

Seagrove Beach Neighborhood

Estimated Value: $674,125 - $889,000

2 Beds
2.5 Baths
1,008 Sq Ft
$730/Sq Ft Est. Value

Last Sold March 08, 2022

Last sale price $672,000 $667 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,774/month

1 Day on Market

Highlights

  • Florida Architecture
  • Furnished
  • Balcony
  • Dune Lakes Elementary School Rated A-
  • Community Pool
  • Cul-De-Sac

About This Home

As of March 2022

2nd Home At The Beach + Cash Flowing Investment! The Bungalows at Seagrove Beach make for the perfect vacation rental located just off 30A located .2 miles from the beautiful white sand beach. This recently renovated two bedroom, two and half bath Florida cottage is beautifully updated with new furnishings, appliances and new decking (not shown in pics) The community provides 2 resort-style pools, hot tub, ample parking and incredible natural foliage making this property highly desirable for vacationers. The current rental projections for 2022 income are +$60k

Last Agent to Sell the Property

Micah Mortag

Beach Coast Real Estate LLC License #3384726 Listed on: 02/10/2022

Co-Listed By

Dustyn Steinbach

Beach Coast Real Estate LLC License #3474943

Last Buyer's Agent

Meghan Martinez

Compass License #3422610

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,537

Year Built

  • Built in 2005

Lot Details

  • 871 Sq Ft Lot
  • Lot Dimensions are 20x30
  • Cul-De-Sac
  • Level Lot

HOA Fees

  • $430 Monthly HOA Fees

Home Design

  • Florida Architecture
  • Metal Roof

Interior Spaces

  • 1,008 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Living Room
  • Dining Room

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Dune Lakes Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Additional Features

  • Balcony
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 13-3S-19-25020-000-1260

Community Details

Overview

  • Association fees include accounting, ground keeping, management, sewer, water, trash
  • Bungalows At Seagrove Beach Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,537

Year Built

Built in 2005

Lot Details

0

HOA Fees

$430 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.02
  • Lot Size: 20x30
  • Road Surface Type: Paved
  • Co List Office Mls Id: EBCT
  • Co List Office Phone: 954-546-2787
  • Subdivision Name: BUNGALOWS AT SEAGROVE BEACH
  • Directions: Somerset Rd is next to the Tom Thumb on highway 30a in Seagrove Beach
  • Architectural Style: Florida Cottage
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2005
  • Utilities Electric: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Rooms:Living Room: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Breakfast Bar, Furnished - All
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Furnished - All: Yes

Exterior Features

  • Lot Features: Cul-De-Sac, Level
  • Pool Features: Pool Type
  • Construction Type: Roof Metal, Slab
  • Exterior Features: Balcony
  • Property Condition: Construction Complete
  • Lot Features:Level: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Slab: Yes
  • Lot Features:Cul-De-Sac: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Water

Condo/Co-op/Association

  • Community Features: Pets Allowed, Pool
  • Association #2 Fee: 1290.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Management, Sewer, Water, Trash

Schools

  • Elementary School: Dune Lakes
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Lot Size Sq Ft: 871.2
  • Parcel #: 13-3S-19-25020-000-1260
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2536.86
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2022
Closed on
Mar 8, 2022
Sold by
Farlow and Jennifer
Bought by
Lanagan Family Trust
Seller's Agent
Micah Mortag
Beach Coast Real Estate LLC
Buyer's Agent
Meghan Martinez
Compass
List Price
$672,000
Sold Price
$672,000
Current Estimated Value
$735,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,781
Avg. Annual Appreciation
2.54%

Purchase Details

Listed on
Jul 30, 2020
Closed on
Aug 27, 2020
Sold by
Allgeier Mark and Allgeier Patricia
Bought by
Farlow John and Farlow Jennifer
Seller's Agent
Molly Hageman
Hageman Coastal Properties
Buyer's Agent
Micah Mortag
100% Realty Inc
List Price
$355,000
Sold Price
$355,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.75%
Original Mortgage
$319,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2011
Sold by
Dhsm Group Llc
Bought by
Allgeier Mark G and Allgeier Patricia G
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
Lanagan Family Trust $672,000 Mcneese Title
Farlow John $355,000 Attorney
Allgeier Mark G $174,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farlow John $319,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/08/2022 03/08/22 Sold $672,000 0.0% $667 / Sq Ft
02/11/2022 02/11/22 Pending -- -- --
02/10/2022 02/10/22 For Sale $672,000 +89.3% $667 / Sq Ft
08/28/2020 08/28/20 Sold $355,000 0.0% $352 / Sq Ft View Prior Sale
08/01/2020 08/01/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $355,000 -- $352 / 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 $5,450 $599,760 -- $599,760
2023 $5,450 $599,760 $0 $599,760
2022 $2,429 $262,080 $0 $262,080
2021 $2,537 $262,080 $0 $262,080
2020 $2,486 $262,080 $0 $262,080
2019 $2,368 $262,080 $0 $262,080
2018 $1,942 $194,746 $0 $0
2017 $1,852 $194,746 $0 $194,746
2016 $1,793 $194,746 $0 $0
2015 $1,617 $169,344 $0 $0
2014 $1,576 $169,344 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Micah Mortag

    Seller's Agent in 2022

    Micah Mortag

    Beach Coast Real Estate LLC

    (850) 543-2787

    1 in this area

    38 Total Sales

    Micah Mortag
    Section Image

  • D

    Seller Co-Listing Agent in 2022

    Dustyn Steinbach

    Beach Coast Real Estate LLC

  • Meghan Martinez

    Buyer's Agent in 2022

    Meghan Martinez

    Compass

    (850) 714-3888

    14 in this area

    48 Total Sales

    Meghan Martinez
    Section Image

  • M

    Seller's Agent in 2020

    Molly Hageman

    Hageman Coastal Properties

    (850) 865-2842

    2 in this area

    34 Total Sales

    Molly Hageman
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jeff Hageman

    Hageman Coastal Properties

    (850) 974-4108

    2 in this area

    34 Total Sales

    Jeff Hageman
    Section Image
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 890838

Emerald Coast Association of REALTORS®

APN: 13-3S-19-25020-000-1260

Florida Walton County Santa Rosa Beach 32459 Seagrove Beach

198 Somerset Bridge Rd Unit 126, Santa Rosa Beach, FL

This home is located at 198 Somerset Bridge Rd Unit 126, Santa Rosa Beach, FL 32459 since 10 February 2022 and is currently estimated at $735,781, approximately $729 per square foot. This property was built in 2005. 198 Somerset Bridge Rd Unit 126 is a home located in Walton County with nearby schools including Dune Lakes Elementary School, Emerald Coast Middle School, and South Walton High School.

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.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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