NOT LISTED FOR SALE

2885 Wallace Lake Rd Milton, FL 32571

Estimated Value: $478,000 - $575,000

4 Beds
3 Baths
2,975 Sq Ft
$174/Sq Ft Est. Value

Last Sold September 11, 2023

Last sale price $465,000 $156 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,045/month

149 Days on Market

Highlights

  • Updated Kitchen
  • Contemporary Architecture
  • High Ceiling
  • 1.08 Acre Lot
  • Softwood Flooring
  • Granite Countertops

About This Home

As of September 2023

***Brand new roof and $5,000 towards any additional improvements or upgrades you desire*** The perfect family home on 1 acre in Pace with plenty of room to run, add a pool and to store your toys. This impeccably kept courtyard entry home will captivate you as your tour its nearly 3,000 square foot living area offering 4 large bedrooms and 3 full bathrooms, screened patio, in-law suite and side entry garage. The fourth bedroom can easily double as an office. The split and open floor plan provides wide open space for entertaining and easy daily living. The great room boasts a high ceiling, gas corner fireplace with mantel and wood look tile flooring. The kitchen is bright and inviting and has stainless steel appliances, hi yield Ice-o-Matic Pearl Ice Nugget ice maker, pantry, breakfast bar, island, high end gas stove oven combination and, of course, granite countertops as you would expect in a fine home. French doors with internal mini blinds lead to the screened in patio in the back and to the courtyard in the front. The large master suite offers double walk-in closets and wood laminate flooring. The master bathroom has double vanity with granite countertop, garden tub, separate shower, linen closet and is naturally lit via its Acrylic Block Window. One of the additional bedrooms can easily have many uses. It opens to the courtyard with private entrance as well as through the house. It has its own HVAC system, separate in-suite sitting room and a bathroom. The two remaining bedrooms have good size closets and are a comfortable size. Rounding out this family home is a good size laundry room. The home is pre-wired for an alarm system, all rooms wired with coax cable, equipped with metal hurricane window and door protection, a 12 X 16 wood sided storage building and has many unmentioned features making this home a must see.

Last Agent to Sell the Property

Doug Lisenbee

Maritime Realty Listed on: 03/06/2023

Maritime Realty

Last Buyer's Agent

Outside Area Selling Agent

PAR Outside Area Listing Office

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2006

Lot Details

  • 1.08 Acre Lot
  • Privacy Fence
  • Back Yard Fenced
  • Interior Lot

Parking

  • 2 Car Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Ridge Vents on the Roof

Interior Spaces

  • 2,975 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows
  • Shutters
  • Blinds
  • Formal Dining Room
  • Screened Porch
  • Inside Utility
  • Laundry Room
  • Fire and Smoke Detector

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Softwood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Separate Shower

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Multiple Heating Units
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Energy-Efficient Insulation
  • Separate Outdoor Workshop

Community Details

  • No Home Owners Association
  • Tamrell Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 132N300000001350000

Home Details

Home Type

Single Family

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Stories: 1
  • Parcel Number: 132N300000001350000
  • Property Type: Residential
  • Year Built: 2006
  • Electric: Circuit Breakers, Copper Wiring
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.08
  • Road Surface Type: Paved
  • Subdivision Name: Tamrell Forest
  • Directions: HWY 90 TO NORTH ON WOODBINE RD, NORTH ON CHUMUCKLA HWY, WEST ON WALLACE LAKE RD
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Insulation, Insulated Walls, Ridge Vent
  • Property Attached Yn: No
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Built In Microwave, Dishwasher, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Tile, Carpet, Simulated Wood
  • Interior Amenities: Ceiling Fan(s), High Ceilings, In-Law Floorplan
  • Living Area: 2975
  • Window Features: Double Pane Windows, Blinds, Shutters
  • Bathroom 1 Area: 45
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Breakfast Room/Nook, Eat-in Kitchen, Formal Dining Room
  • Master Bedroom Master Bedroom Level: First
  • Master Bedroom Master Bedroom Width: 18
  • Room Bedroom2 Level: First
  • Master Bedroom Features: High Ceilings, Split, Walk-In Closet(s)
  • Bathroom 1 Level: First
  • Room Kitchen Features: Updated, Granite Counters, Kitchen Island, Pantry
  • Dining Room Dining Room Level: First
  • Room Master Bedroom Area: 252
  • Master Bathroom Features: Double Vanity, Soaking Tub, Granite Counters, Separate Shower

Exterior Features

  • Roof: Shingle
  • Fencing: Back Yard, Privacy
  • Lot Features: Central Access, Interior Lot
  • Pool Features: None
  • Construction Type: Frame
  • Foundation Details: Slab
  • Other Structures: Workshop/Storage
  • Patio And Porch Features: Screen Porch
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Heating: Multi Units, Central
  • Cooling: Multi Units, Central Air, Ceiling Fan(s)
  • Sewer: Septic Tank
  • Laundry Features: Inside, Laundry Room
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Water Source: Public

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: 47044.8
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2023
Closed on
Sep 5, 2023
Sold by
Burford Steven W and Burford Susan P
Bought by
Matthews Francis J and Matthews Pamela R
Seller's Agent
Doug Lisenbee
Maritime Realty
Buyer's Agent
Outside Area Selling Agent
PAR Outside Area Listing Office
List Price
$499,900
Sold Price
$465,000
Premium/Discount to List
-$34,900
-6.98%
Views
283
Current Estimated Value
$516,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,703
Avg. Annual Appreciation
4.65%
Original Mortgage
$465,000
Outstanding Balance
$446,104
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$70,599

Purchase Details

Closed on
Aug 20, 2013
Sold by
Odom John A and Odom Kimberly A
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 9, 2006
Sold by
Solid Construction Of The Gulf Coast Inc
Bought by
Odom John A and Odom Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,200
Interest Rate
6.33%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records
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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
Matthews Francis J $465,000 Surety Land & Title
Federal National Mortgage Association -- Attorney
Odom John A $325,300 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matthews Francis J $465,000
Previous Owner Odom John A $260,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/11/2023 09/11/23 Sold $465,000 -5.1% $156 / Sq Ft
04/08/2023 04/08/23 Price Changed $489,900 -2.0% $165 / Sq Ft
03/06/2023 03/06/23 For Sale $499,900 +128.3% $168 / Sq Ft
04/15/2014 04/15/14 Sold $219,000 -9.1% $74 / Sq Ft View Prior Sale
03/26/2014 03/26/14 Pending -- -- --
01/21/2014 01/21/14 For Sale $240,900 -- $81 / 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
2025 $4,121 $295,026 -- --
2024 $2,262 $326,500 $53,950 $272,550
2023 $2,262 $212,382 $0 $0
2022 $2,203 $206,196 $0 $0
2021 $2,176 $200,190 $0 $0
2020 $2,165 $197,426 $0 $0
2019 $2,070 $189,989 $0 $0
2018 $2,008 $186,447 $0 $0
2017 $1,936 $182,612 $0 $0
2016 $1,928 $178,856 $0 $0
2015 $1,967 $177,613 $0 $0
2014 $2,555 $181,909 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 623394

Pensacola Association of REALTORS®

APN: 13-2N-30-0000-00135-0000