NOT LISTED FOR SALE

Estimated Value: $957,020 - $1,199,000

3 Beds
3 Baths
1,225 Sq Ft
$868/Sq Ft Est. Value

Last Sold May 20, 2016

Last sale price $480,000 $392 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $6,193/month

34 Days on Market

Highlights

  • Beach
  • Primary Bedroom Suite
  • Wood Flooring
  • Dune Lakes Elementary School Rated A-
  • Beach House
  • Furnished

About This Home

As of May 2016

Cozy one-story cottage in Magnolia Cottages by the Sea. Located on a great street in the neighborhood close to the community pool and close to the dune walkover to the beach. Dune walkover to the beach is directly across 30A. This cottage has hardwood flooring throughout, granite counters, and stainless steel appliances. Enjoy the wonderful screened porch all year long! Sold fully furnished and rental ready. Great rental history, grossed $47,000+ in 2015. The yard is maintenance free. Virtual Tour

Last Agent to Sell the Property

Kitty Taylor

Grayton Coast Properties Inc License #589755 Listed on: 03/08/2016

Last Buyer's Agent

Debbie Watson

Destinctive Realty Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,934

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 52' x 86'
  • Cleared Lot

HOA Fees

  • $154 Monthly HOA Fees

Home Design

  • Beach House
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,225 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Built-in Bookshelves
  • Ceiling Fan
  • Recessed Lighting
  • Window Treatments
  • Dining Room
  • Screened Porch

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 3 Full Bathrooms
  • Shower Only

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Shed

Schools

  • Van R Butler Elementary School
  • Emerald Coast Middle School
  • South Walton High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 28-3S-18-16190-00A-0050

Community Details

Overview

  • Association fees include accounting, ground keeping, recreational faclty
  • Magnolia Cottages By The Sea Subdivision
  • The community has rules related to covenants

Recreation

  • Beach
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,934

Year Built

Built in 2005

Lot Details

4,487 Sq Ft Lot

HOA Fees

$154 per month

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size: 52' x 86'
  • Subdivision Name: MAGNOLIA COTTAGES BY THE SEA
  • Directions: From the East end of Hwy 98 & Hwy 30A continue West on 30A approximately 2.5 miles. Magnolia Cottages by the Sea will be on the North side of road. Enter subdivision, take the second right onto Olivia Lane.
  • Architectural Style: Beach House
  • New Construction: No
  • Building Stories: 1
  • Year Built: 2005
  • Remarks Misc:Remarks: Cozy one-story cottage in Magnolia Cottages by the Sea. Located on a great street in the neighborhood close to the community pool and close to the dune walkover to the beach. Dune walkover to the beach is directly across 30A. This cottage has hardwood flooring throughout, granite counters, and stainless steel appliances. Enjoy the wonderful screened porch all year long! Sold fully furnished and rental ready. Great rental history, grossed $47,000+ in 2015. The yard is maintenance free. Virtual Tour http://youtu.be/eSyGRfVt0AU
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Stove/Oven Electric, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Interior Amenities: Built-In Bookcases, Floor Hardwood, Floor Tile, Furnished - All, Lighting Recessed, Washer/Dryer Hookup, Window Treatment All
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Interior:Furnished - All: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Window Treatment All: Yes
  • Interior:Built-In Bookcases: Yes

Exterior Features

  • Lot Features: Cleared, Covenants, Restrictions, Within 1/2 Mile to Water
  • Construction Type: Roof Metal, Wood Siding
  • Exterior Features: Porch Screened, Shower, Yard Building
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Restrictions: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Lot Features:Cleared: Yes
  • Exterior:Shower: Yes
  • Exterior:Porch Screened: Yes
  • ConstructionSiding:Siding Wood: Yes

Utilities

  • Cooling: Ceiling Fans, Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Beach, Pets Allowed, Pool, TV Cable
  • Association #2 Fee: 1843.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Ground Keeping, Recreational Faclty

Schools

  • Elementary School: Van R Butler
  • High School: South Walton
  • Middle Or Junior School: Emerald Coast

Lot Info

  • Parcel #: 28-3S-18-16190-00A-0050
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2934.2
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2013
Sold by
Locicero Kenneth A and Wilhelm Michael C
Bought by
Gerrity Family Trust and Gerrity Andrea R
Current Estimated Value
$1,063,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 8, 2007
Sold by
Robertson Andrew H and Robertson Georgette M
Bought by
Locicero Kenneth A and Wilhelm Michael C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,125
Interest Rate
6.16%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 25, 2005
Sold by
Magnolia Partners Llc
Bought by
Robertson Andrew H and Robertson Georgette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,080
Interest Rate
5.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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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
Gerrity Family Trust $480,000 Attorney
Locicero Kenneth A $507,500 Neighborhood Title Group
Robertson Andrew H $333,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerrity Family Trust $384,000
Previous Owner Locicero Kenneth A $76,125
Previous Owner Locicero Kenneth A $406,000
Previous Owner Robertson Andrew H $267,080
Closed Robertson Andrew H $33,387
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2016 05/20/16 Sold $480,000 0.0% $392 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
03/08/2016 03/08/16 For Sale $480,000 -- $392 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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 $6,051 $747,719 $226,125 $521,594
2024 $5,629 $753,920 $226,125 $527,795
2023 $5,629 $495,859 $0 $0
2022 $5,378 $724,593 $250,998 $473,595
2021 $3,967 $409,801 $146,358 $263,443
2020 $4,012 $401,858 $133,900 $267,958
2019 $3,849 $395,555 $130,000 $265,555
2018 $3,439 $344,914 $0 $0
2017 $3,683 $371,623 $64,823 $306,800
2016 $3,081 $319,132 $0 $0
2015 $2,934 $306,425 $0 $0
2014 $2,624 $263,353 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 748050

Emerald Coast Association of REALTORS®

APN: 28-3S-18-16190-00A-0050

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