$80,000
SOLD AUG 1, 2025

331 Business Freeport, FL 32439

0.56 Acre
$142,857 Price per Acre
24,394 Sq Ft Lot

Recently Sold

10% Below List Price

129 Days on Market

About This Lot

As of August 2025

Accepting Back Up Offers for this property which is under contract with KICK OUT CLAUSE. Bring us a better offer and get a chance to purchase! Over a half acre on 331 Business in Freeport city limits, this property is zoned R-3 high density residential. 110 ft of hwy frontage, with understory cleared out to easily walk the property.

Family-Friendly Location: Situated just one mile from the brand-new Freeport Elementary School and 1.5 miles from Freeport High School, this location is ideal for families.

High-Growth Potential: Freeport is a rapidly growing area with a strong economy and a bright future.

Contact us today to view.

Last Agent to Sell the Property

Murray Balkcom

30A Local Real Estate License #3069939 Listed on: 01/06/2025

Co-Listed By

Amanda Austin

30A Local Real Estate License #3276289

Last Buyer's Agent

Todd Akins

Beachy Beach 30A Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $497

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 110 x 214 x 110 x 227
  • Property fronts a highway
  • Property is zoned City, Commercial, Resid Multi-Family, Resid Single Family

Schools

  • Freeport Elementary And Middle School
  • Freeport High School

Community Details

  • Lafayette Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 03-1S-19-23050-00A-0030

Property Details

Property Type

Land

Est. Annual Taxes

$497

Lot Details

0

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size Acres: 0.56
  • Lot Size: 110 x 214 x 110 x 227
  • Road Frontage Type: US Highway
  • Road Surface Type: Paved Road
  • Co List Office Mls Id: E3LP
  • Co List Office Phone: 850-213-3048
  • Subdivision Name: LAFAYETTE HEIGHTS
  • Directions: From Intersection of Hwy 20 and US Hwy 331, go west on Hwy 20. Turn north onto 331 Business Hwy. Go 1.8 miles and property will be on your right. Look for mailbox in front of the property that has name, ''Witten'' on the mailbox. Property is between the homes of the street addresses of 14273 and 14197.
  • Remarks Misc:Remarks: Accepting Back Up Offers for this property which is under contract with KICK OUT CLAUSE. Bring us a better offer and get a chance to purchase! Over a half acre on 331 Business in Freeport city limits, this property is zoned R-3 high density residential. 110 ft of hwy frontage, with understory cleared out to easily walk the property. Family-Friendly Location: Situated just one mile from the brand-new Freeport Elementary School and 1.5 miles from Freeport High School, this location is ideal for families. High-Growth Potential: Freeport is a rapidly growing area with a strong economy and a bright future. Contact us today to view.
  • Utilities Electric: Yes
  • Utilities:Sewer Available: Yes
  • Utilities:Public Water: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Survey Available
  • Lot Features:Survey Available: Yes

Utilities

  • Utilities: Electric, Public Water, Sewer Available

Schools

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

Lot Info

  • Lot Size Sq Ft: 24393.6
  • Parcel #: 03-1S-19-23050-00A-0030
  • Zoning: City, Commercial, Resid Multi-Family, Resid Single Family

Tax Info

  • Tax Annual Amount: 497.25
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2025
Closed on
Aug 1, 2025
Sold by
Witten James Christopher
Bought by
Martelle Investments Llc
Seller's Agent
Murray Balkcom
30A Local Real Estate
Buyer's Agent
Todd Akins
Beachy Beach 30A Real Estate
List Price
$89,000
Sold Price
$80,000
Premium/Discount to List
-$9,000
-10.11%
Views
40
Current Estimated Value
$79,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$253
Avg. Annual Appreciation
-0.66%
Original Mortgage
$60,000
Outstanding Balance
$59,742
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$20,005

Purchase Details

Closed on
Jul 22, 2021
Sold by
Sunset Properties Of Nw Florida Llc
Bought by
Written James Christopher

Purchase Details

Closed on
May 8, 2015
Sold by
Asset Recovery Services Inc
Bought by
Sunset Properties Of Nw Florida Llc

Purchase Details

Closed on
Jan 6, 2004
Sold by
Arrant Jean W
Bought by
Cwj Holdings Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $80,000 None Listed On Document
Warranty Deed $44,900 Foundation T&E Series Llc
Warranty Deed $10,000 Bradley Title Llc
Warranty Deed $20,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $60,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2025 08/01/25 Sold $80,000 -4.8% --
05/13/2025 05/13/25 Price Changed $84,000 -5.6% --
01/06/2025 01/06/25 For Sale $89,000 -95.7% --
07/07/2022 07/07/22 Sold $2,050,000 0.0% -- View Prior Sale
01/24/2022 01/24/22 Pending -- -- --
08/14/2020 08/14/20 For Sale $2,050,000 -- --
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 $656 $71,250 $71,250 --
2024 $506 $38,783 $38,783 --
2023 $506 $38,783 $38,783 $0
2022 $550 $43,049 $43,049 $0
2021 $195 $15,470 $15,470 $0
2020 $176 $13,094 $13,094 $0
2019 $171 $12,712 $12,712 $0
2018 $168 $12,463 $0 $0
2017 $163 $12,100 $12,100 $0
2016 $165 $12,100 $0 $0
2015 $166 $12,100 $0 $0
2014 -- $12,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Murray Balkcom

    Seller's Agent in 2025

    Murray Balkcom

    30A Local Real Estate

    (850) 830-2475

    12 in this area

    62 Total Sales

    Murray Balkcom
    Section Image

  • A

    Seller Co-Listing Agent in 2025

    Amanda Austin

    30A Local Real Estate

    (203) 788-6244

    2 in this area

    7 Total Sales

    Amanda Austin
    Section Image

  • T

    Buyer's Agent in 2025

    Todd Akins

    Beachy Beach 30A Real Estate

  • John Paul Somers

    Seller's Agent in 2022

    John Paul Somers

    Somers & Company

    (850) 654-7777

    14 in this area

    272 Total Sales

    John Paul Somers
    Section Image
  • Rachael Earley

    Seller Co-Listing Agent in 2022

    Rachael Earley

    Somers & Company

    (850) 225-6478

    14 in this area

    238 Total Sales

    Rachael Earley
    Section Image
  • Carl Allen

    Buyer's Agent in 2022

    Carl Allen

    Counts Real Estate Group Inc

    (850) 960-8808

    1 in this area

    49 Total Sales

    Carl Allen
    Section Image
See All Agents

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 965712

Emerald Coast Association of REALTORS®

APN: 03-1S-19-23050-00A-0030

Florida Walton County Freeport 32439

331 Business, Freeport, FL

Sold

Lots

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