NOT LISTED FOR SALE

2718 Wallace Lake Rd Pace, FL 32571

Estimated Value: $447,403 - $487,000

4 Beds
3 Baths
2,282 Sq Ft
$202/Sq Ft Est. Value

Last Sold July 20, 2021

Last sale price $370,000 $162 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,753/month

Highlights

  • Updated Kitchen
  • Contemporary Architecture
  • Bonus Room
  • 1 Acre Lot
  • Vaulted Ceiling
  • No HOA

About This Home

As of July 2021

Welcome to your spacious new home on a full acre! Imagine the possibilities with so much land...a play area, put in a pool, great for a homestead, or whatever you can think of! Inside picture yourself relaxing in the living room looking out over the backyard full of greenery or cozied up to the fireplace on cool winter nights. The floor plan allows for 3 separations of space with the master off the kitchen, two beds & a bath off the living room, & a fourth bed with bath by itself toward the rear of the house. Set up an office, homeschool room, playroom, craft room or other space of interest in the bonus room off the foyer. You could even choose to make the formal dining room a secondary space of interest since there's plenty of space in the eat in kitchen to fit a good size dining table. If you love to cook, prep space is plentiful in this kitchen with brand new granite counters and freshly painted cabinets. There's a large pantry for even more storage too. The master bedroom is an oasis with en suite bathroom & access to the covered back patio. You can rejuvenate in the soaking tub or separate shower, dress at the double vanity, & double walk-in closets provide ample space for all you need to get dressed without ever leaving the bathroom. Access the covered patio through sliding glass doors in the master bedroom. There's plenty of shade in the backyard with a covered back patio & shade trees to keep you from scorching on hot summer days. the laundry room is spacious & can serve as a mud room when coming in from the double car garage. The garage has extra 220 plugs for things like an air compressor. Best of all, you can choose the floors you want! The Seller is offering a flooring allowance of $12,000. A brand New K-8 School & a Piggly Wiggly are being built at Wallace Lake Rd & Chumuckla Hwy. Convenient to shopping, Blackwater River, Spencer Field, and a short drive to NAS Whiting Field. About an hour from Pensacola Beach and 35 minutes from Downtown Pensacola.

Last Agent to Sell the Property

TAMARA GRIMES

Realty Hub Listed on: 04/16/2021

Realty Hub

Last Buyer's Agent

ryan bell

Ryan Bell, Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,646

Year Built

  • Built in 2006

Lot Details

  • 1 Acre Lot
  • Partially Fenced Property

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,282 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Double Pane Windows
  • Blinds
  • Formal Dining Room
  • Bonus Room
  • Inside Utility
  • Washer and Dryer Hookup
  • Fire and Smoke Detector

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Built-In Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Separate Shower

Outdoor Features

  • Porch

Schools

  • Chumuckla Elementary School
  • Central Middle School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Tamrell Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 132N300000001050000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,646

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Stories: 1
  • Parcel Number: 132N300000001050000
  • Property Type: Residential
  • Year Built: 2006
  • Electric: Copper Wiring
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1
  • Road Surface Type: Paved
  • Subdivision Name: Tamrell Forest
  • Directions: Head N. on Woodbine Rd, Go approx. 3 miles to traffic light. Continue straight through light at intersection onto Chumuckla Hwy, Travel about 3 miles, Turn left (at new Piggly Wiggly being built) onto Wallace Lake Rd, Travel 1 mile, home will be on the right
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Built In Microwave, Dishwasher, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: See Remarks, Vinyl, Carpet
  • Interior Amenities: Ceiling Fan(s), Plant Ledges, Recessed Lighting, Vaulted Ceiling(s), Bonus Room
  • Living Area: 2282
  • Window Features: Double Pane Windows, Some Blinds
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Eat-in Kitchen, Formal Dining Room
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom2 Area: 144
  • Master Bedroom Master Bedroom Width: 24
  • Room Bedroom2 Level: First
  • Master Bedroom Features: Ceiling Fan(s)
  • Room Kitchen Features: Updated, Laminate Counters
  • Room Living Room Area: 306
  • Room Kitchen Area: 312
  • Dining Room Dining Room Level: First
  • Room Master Bedroom Area: 432
  • Room Dining Room Area: 144
  • Master Bathroom Features: 2 or More Closets, Double Vanity, Soaking Tub, Glass/Acrylic Block, Laminate Counters, Separate Shower, Walk-In Closet(s)

Exterior Features

  • Roof: Shingle
  • Fencing: Partial
  • Pool Features: None
  • Construction Type: Brick, Frame
  • Exterior Features: Sprinkler
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Porch
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: 2 Car Garage, Garage Door Opener
  • Total Parking Spaces: 2

Utilities

  • Heating: Central, Fireplace(s)
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Septic Tank
  • Laundry Features: Inside, W/D Hookups
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Chumuckla
  • High School: Central
  • Middle Or Junior School: Central

Lot Info

  • Lot Size Sq Ft: 43560
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jul 16, 2021
Sold by
Alvarado Paul and Alvarado Summer
Bought by
Garvin Lewis R and Garvin Marissa Savannah
Seller's Agent
TAMARA GRIMES
Realty Hub
Buyer's Agent
ryan bell
Ryan Bell, Broker
List Price
$300,000
Sold Price
$370,000
Premium/Discount to List
$70,000
23.33%
Current Estimated Value
$461,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,851
Avg. Annual Appreciation
5.38%
Original Mortgage
$296,000
Outstanding Balance
$268,820
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$193,031

Purchase Details

Closed on
Aug 14, 2019
Sold by
Alvarado Paul
Bought by
Alvarado Paul and Alvarado Summer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,550
Interest Rate
3.7%
Mortgage Type
VA

Purchase Details

Closed on
Sep 30, 2008
Sold by
Thomas Home Corp
Bought by
Alvarado Paul and Alvarado Amilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,429
Interest Rate
6.45%
Mortgage Type
VA
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
Garvin Lewis R $370,000 Setco Services Llc
Alvarado Paul $85,200 Accommodation
Alvarado Paul $206,000 Surety Land Title Fl Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garvin Lewis R $296,000
Previous Owner Alvarado Paul $201,550
Previous Owner Alvarado Paul $210,429
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2021 07/20/21 Sold $370,000 +23.3% $162 / Sq Ft
06/15/2021 06/15/21 For Sale $300,000 -- $131 / Sq Ft
Source: Pensacola 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 $3,646 $250,454 -- --
2023 $3,646 $278,421 $50,000 $228,421
2022 $3,683 $278,808 $50,000 $228,808
2021 $1,620 $159,018 $0 $0
2020 $1,610 $156,822 $0 $0
2019 $1,567 $153,296 $0 $0
2018 $1,561 $150,438 $0 $0
2017 $1,487 $147,344 $0 $0
2016 $1,479 $144,313 $0 $0
2015 $1,503 $142,813 $0 $0
2014 $1,516 $141,680 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 588137

Pensacola Association of REALTORS®

APN: 13-2N-30-0000-00105-0000