NOT LISTED FOR SALE

407 7th St Mexico Beach, FL 32456

Estimated Value: $113,000 - $633,000

0.25 Acre
$1,839,992 Price per Acre
10,800 Sq Ft Lot

Last Sold April 14, 2023

Last sale price $142,500

Est. 220% increase in value since last sale

Current estimated payment $2,519/month

253 Days on Market

About This Lot

As of April 2023

Great building lot (100X108) with the only building guidelines being those of the city since not in a subdivision with additional covenants and restrictions, which also eliminates HOA fees. Fantastic location with a straight shot to the beach only 4 blocks away with beach access. This lot has been cleared and fill brought in to make the construction even easier. This parcel will not last long and then the seller may pull to take advantage and build themselves.

Last Agent to Sell the Property

Kathe Jones

Bay Properties Real Estate Group, LLC Brokerage Email: 8502479131, kjones@baypropertiesfl.com License #3269363 Listed on: 07/12/2022

Last Buyer's Agent

Regina Gossett

98 Real Estate Group, LLC License #3032460

Property Details

Property Type

  • Land

Lot Details

  • 10,800 Sq Ft Lot
  • Lot Dimensions are 100 x 108
  • Zoning described as City

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 04973316000

Property Details

Property Type

Land

Lot Details

10,800 Sq Ft Lot

Listing Details

  • Directions: Take Hwy 98 ito the City of Mexico Beach. Turn north onto 7th St. Go a couple of blocks until you see the for sale, sign on the left-hand side of the street.
  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Lot Size Acres: 0.2479
  • Lot Size: 100 x 108
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: No Named Subdivision
  • Special Features: None

Exterior Features

  • Lot Features: Within 1/2 Mile of Water
  • Waterfront: No
  • Disclosures: City Zoning

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 10800
  • Additional Parcels: No
  • Parcel #: 04973316000
  • Zoning Description: City
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2022
Closed on
Apr 12, 2023
Sold by
Forlines Robert M and Forlines Annette D
Bought by
Wil Banks Robert M and Wil Banks Pamela
Seller's Agent
Kathe Jones
Bay Properties Real Estate Group, LLC
Buyer's Agent
Regina Gossett
98 Real Estate Group, LLC
List Price
$209,900
Sold Price
$142,500
Premium/Discount to List
-$67,400
-32.11%
Views
21
Current Estimated Value
$456,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,634
Avg. Annual Appreciation
49.15%

Purchase Details

Listed on
Jan 19, 2018
Closed on
Aug 10, 2018
Sold by
Henry Lisa Melton
Bought by
Forlines Robert M and Forlines Annette D
Seller's Agent
Sally Childs
Sundance Realty
List Price
$55,000
Sold Price
$48,000
Premium/Discount to List
-$7,000
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.24%
Original Mortgage
$36,000
Interest Rate
4.5%
Mortgage Type
Commercial
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
Wil Banks Robert M $142,500 None Listed On Document
Forlines Robert M $48,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Forlines Robert M $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/14/2023 04/14/23 Sold $142,500 -5.0% --
03/11/2023 03/11/23 Price Changed $150,000 -28.5% --
07/12/2022 07/12/22 For Sale $209,900 +337.3% --
08/13/2018 08/13/18 Sold $48,000 -12.7% -- View Prior Sale
07/08/2018 07/08/18 Pending -- -- --
01/19/2018 01/19/18 For Sale $55,000 -- --
Source: Forgotten Coast REALTOR® Association

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 $2,046 $410,388 $131,275 $279,113
2024 $1,330 $122,375 $122,375 --
2023 $1,330 $63,850 $106,800 $0
2022 $1,006 $58,045 $0 $0
2021 $928 $52,768 $0 $0
2020 $900 $48,950 $48,950 $0
2019 $812 $43,610 $43,610 $0
2018 $757 $43,610 $0 $0
2017 $583 $35,600 $0 $0
2016 $545 $32,930 $0 $0
2015 $711 $42,542 $0 $0
2014 $669 $39,783 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 311740

Forgotten Coast REALTOR® Association

APN: 04973-316-000

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