$430,000
SOLD FEB 18, 2025

229 Madison St Freeport, FL 32439

3 Beds
2 Baths
1,898 Sq Ft
1.37 Acres

Recently Sold

$227 Per Sq Ft

8% Below List Price

85 Days on Market

Highlights

  • 1.37 Acre Lot
  • Newly Painted Property
  • Porch
  • Freeport Middle School Rated A-
  • Corner Lot
  • Living Room

About This Home

As of February 2025

Accepting Back Up Offer!

3 bedroom, 2 bathroom home with flex room, eat-in-kitchen, and formal dining room.

Lots of potential for the 644 sq. foot accessory dwelling complete with air conditioning, tankless water heater, living area, bedroom, and full bathroom.

Property is 1.37 acres and zoned R3. R3 details from the City of Freeport can be found in the documents.

Roof: July 2024
HVAC: 2019
Water Heater: 2021

Newly installed vinyl plank flooring, fresh paint inside and out (including on the cabinets), updated bathrooms, and stainless steel appliances including a new range.

The property welcomes you with a spacious lawn and beautiful oak trees, along with some fruit-producing trees, a garden, and compost. The location is superb, offering convenience at every turn. Shopping is just 0.1 miles away, restaurants are 0.4 miles, gas stations are 0.3 miles, and local schools, the Freeport Public Library, public pool, and City Hall are all within 0.5 miles - the hub of local events. The Regional Sports Complex, with youth and adult sports opportunities, walking trails, outdoor exercise equipment, and a disc golf course, is 1.5 miles away. Launch your boat from the Four Mile Creek Landing boat launch, less than half a mile from your doorstep, and explore the area by water. And if that's not enough, the white sand beaches of the Gulf of Mexico and 30A are less than 15 miles away.

2.5% VA Assumable Loan to qualified VA eligible buyers using their own entitlements.

This unique property is a one-of-a-kind opportunity! Don't let it slip away, call to schedule a showing today!

Buyer to verify any and all information deemed important.

Last Agent to Sell the Property

Amelia Garrett

Coldwell Banker Realty License #3492566 Listed on: 08/25/2024

Coldwell Banker Realty

Co-Listed By

Tracie McDermott

Coldwell Banker Realty License #3594444

Last Buyer's Agent

BARRIE SCAGLIONE

Coldwell Banker Realty License #3452806

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,952

Year Built

  • Built in 1984 | Remodeled

Lot Details

  • 1.37 Acre Lot
  • Lot Dimensions are 273x231
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Property is zoned Resid Multi-Family

Home Design

  • Newly Painted Property
  • Brick Exterior Construction
  • Composition Shingle Roof

Interior Spaces

  • 1,898 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Vinyl Flooring
  • Exterior Washer Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Shed
  • Porch

Additional Homes

  • Dwelling with Separate Living Area

Schools

  • Freeport Elementary And Middle School
  • Freeport High School

Utilities

  • Central Heating and Cooling System
  • Private Company Owned Well
  • Well
  • Electric Water Heater

Community Details

  • Freeport Town Of Subdivision

Listing and Financial Details

  • Assessor Parcel Number 15-1S-19-23040-007-0050

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,952

Year Built

Built in 1984 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 1.37
  • Lot Size: 273x231
  • Road Frontage Type: City Street
  • Co List Office Mls Id: ECU1
  • Co List Office Phone: 850-897-4563
  • Subdivision Name: FREEPORT TOWN OF
  • Directions: From Hwy 20 Niceville heading east, turn south (right) on Madison Street. The home will be 0.2 mile down on the left. From 331; turn west on Hwy 20. Turn south (left) on Madison Street. The home will be 0.2 mile down on the left.
  • Architectural Style: Ranch
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1984
  • Remarks Misc:Remarks: Accepting Back Up Offer! 3 bedroom, 2 bathroom home with flex room, eat-in-kitchen, and formal dining room. Lots of potential for the 644 sq. foot accessory dwelling complete with air conditioning, tankless water heater, living area, bedroom, and full bathroom. Property is 1.37 acres and zoned R3. R3 details from the City of Freeport can be found in the documents. Roof: July 2024 HVAC: 2019 Water Heater: 2021 Newly installed vinyl plank flooring, fresh paint inside and out (including on the cabinets), updated bathrooms, and stainless steel appliances including a new range. The property welcomes you with a spacious lawn and beautiful oak trees, along with some fruit-producing trees, a garden, and compost.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Utilities:Private Well: Yes
  • Appliances Microwave: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Refrigerator W/IceMk, Stove/Oven Electric
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Floor Vinyl, Newly Painted, Renovated, Washer/Dryer Hookup, Window Treatmnt Some
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Floor Vinyl: Yes
  • Interior:Newly Painted: Yes

Exterior Features

  • Lot Features: Corner, Level, See Remarks
  • Construction Type: Brick, Roof Composite Shngl
  • Exterior Features: Fenced Lot-Part, Porch, Separate Living Area, Yard Building
  • Property Condition: Construction Complete
  • Lot Features:Level: Yes
  • Construction Status:Construction Complete: Yes
  • Exterior:Fenced Lot-Part: Yes
  • Exterior:Porch: Yes
  • Lot Features:See Remarks6: Yes
  • ConstructionSiding:Brick: Yes
  • ConstructionSiding:Roof Composite Shngl: Yes
  • Lot Features:Corner: Yes
  • Exterior:Separate Living Area: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Private Well, Public Sewer

Schools

  • Elementary School: Freeport
  • High School: Freeport
  • Middle Or Junior School: Freeport

Lot Info

  • Lot Size Sq Ft: 59677.2
  • Parcel #: 15-1S-19-23040-007-0050
  • Zoning: Resid Multi-Family
  • ResoLotSizeUnits: Acres
  • Lot Features Coastal Barrier Zone: No

Tax Info

  • Tax Annual Amount: 2952.43
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2024
Closed on
Feb 12, 2025
Sold by
Lilburn Jacob H and Lilburn Amber A
Bought by
20331 Properties Llc
Seller's Agent
Amelia Garrett
Coldwell Banker Realty
Buyer's Agent
BARRIE SCAGLIONE
Coldwell Banker Realty
List Price
$469,000
Sold Price
$430,000
Premium/Discount to List
-$39,000
-8.32%
Views
69
Current Estimated Value
$425,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,710
Avg. Annual Appreciation
-1.33%
Original Mortgage
$344,000
Outstanding Balance
$341,357
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$83,933

Purchase Details

Closed on
Mar 6, 2024
Sold by
Lilburn Jacob H and Lilburn Amber A
Bought by
Shorey Chris and Shorey Autumn

Purchase Details

Closed on
May 25, 2021
Sold by
Lilburn Jan Marie
Bought by
Lilburn Jacob H and Lilburn Amber A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
2.9%
Mortgage Type
VA

Purchase Details

Closed on
Jan 16, 2018
Sold by
Carrillo Oleary Elias Contreras and Medina Maria Alejandra Baveresoo
Bought by
Lilburn Jacob H and Lilburn Amber A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,015
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 2009
Sold by
Abbott Real Estate Investment Group Inc
Bought by
Bavaresco Carrillo Oleary Elias Contreras and Bavaresco Medina Maria Alejandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,900
Interest Rate
4.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 9, 2009
Sold by
Central Mortgage Company
Bought by
Abbott Real Estate Investment Group Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,854
Interest Rate
5.43%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 7, 2008
Sold by
Lafuze Richard A and Lafuze Cheryl
Bought by
Central Mortgage Co

Purchase Details

Closed on
Oct 25, 2005
Sold by
Burnham Willard Carl and Burnham Beverly A
Bought by
Lafuze Richard A and Lafuze Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.37%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $430,000 Bradley Title
Warranty Deed $430,000 Bradley Title
Quit Claim Deed $1,000 None Listed On Document
Quit Claim Deed $1,000 None Listed On Document
Quit Claim Deed $102,000 None Available
Warranty Deed $220,000 Vintage Title & Escrow Inc
Corporate Deed $199,900 Mcgill Escrow & Title Llc
Corporate Deed $110,000 Buyers Title Inc
Trustee Deed -- None Available
Warranty Deed $855,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $344,000 New Conventional
Closed $344,000 New Conventional
Previous Owner $254,000 VA
Previous Owner $216,015 FHA
Previous Owner $59,900 Seller Take Back
Previous Owner $135,854 Stand Alone First
Previous Owner $550,000 Unknown
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2025 02/18/25 Sold $430,000 -4.4% $227 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
10/26/2024 10/26/24 Price Changed $450,000 -2.0% $237 / Sq Ft
09/11/2024 09/11/24 Price Changed $459,000 -2.1% $242 / Sq Ft
08/25/2024 08/25/24 For Sale $469,000 -- $247 / 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
2025 $2,844 $262,321 -- --
2024 $2,952 $253,556 -- --
2023 $2,952 $251,906 $0 $0
2022 $2,901 $251,845 $0 $0
2021 $2,732 $238,231 $0 $0
2020 $1,859 $160,908 $45,207 $115,701
2019 $1,819 $157,605 $43,890 $113,715
2018 $1,766 $125,588 $0 $0
2017 $1,727 $122,347 $41,777 $80,570
2016 $1,655 $121,712 $0 $0
2015 $1,652 $120,156 $0 $0
2014 $1,684 $121,185 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 957701

Emerald Coast Association of REALTORS®

APN: 15-1S-19-23040-007-0050