NOT LISTED FOR SALE

407 Colorado Dr Mexico Beach, FL 32456

Estimated Value: $518,000 - $638,590

0.36 Acre
$1,625,752 Price per Acre
15,812 Sq Ft Lot

Last Sold June 16, 2020

Last sale price $75,000

Est. 687% increase in value since last sale

Current estimated payment $3,320/month

About This Lot

As of June 2020

Great New Listing Cleared Lot ready to build on. Perfect for building your new beach house in a safe, peaceful neighborhood near beautiful homes.

Last Agent to Sell the Property

Regina Gossett

98 Real Estate Group, LLC License #3032460 Listed on: 05/16/2020

Last Buyer's Agent

Betty Adams

Forgotten Coast Realty of NW Florida License #3071111

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $932

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 158 x 100
  • Zoning described as City

Community Details

  • No Home Owners Association
  • Mexico Beach Subdivision
  • The community has rules related to covenants

Listing and Financial Details

  • Assessor Parcel Number 04973160000

Property Details

Property Type

Land

Est. Annual Taxes

$932

Lot Details

0

Listing Details

  • Directions: From Maryland Ave, head north, first vacant lot on left, see real estate sign
  • Prop. Type: Land
  • Property Sub Type: Unimproved Land
  • Lot Size Acres: 0.363
  • Lot Size: 158 x 100
  • Road Frontage Type: City Street
  • Subdivision Name: Mexico Beach
  • Special Features: None

Exterior Features

  • Lot Features: Covenants/Restrictions
  • Waterfront: No
  • Disclosures: City Zoning

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 15812.28
  • Additional Parcels: No
  • Parcel #: 04973160000
  • Zoning Description: City
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 931.75

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2020
Closed on
Jun 16, 2020
Sold by
Sinclair Lamar and Sinclair Dorothy
Bought by
Pilcher Deborah M
Seller's Agent
Regina Gossett
98 Real Estate Group, LLC
Buyer's Agent
Betty Adams
Forgotten Coast Realty of NW Florida
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%
Current Estimated Value
$590,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$515,148
Avg. Annual Appreciation
48.35%

Purchase Details

Closed on
Jul 19, 2019
Sold by
Johns Randall A and Johns Sandra L
Bought by
Sinclair Lamar and Sinclair Dorothy

Purchase Details

Listed on
Jan 22, 2015
Closed on
May 8, 2015
Sold by
Bank Of America Na
Bought by
Johns Randall A and Johns Sandra L
Seller's Agent
Carol Erwin
Forgotten Coast Realty of NW Florida
Buyer's Agent
Mary Blackburn
Sundance Realty
List Price
$31,300
Sold Price
$18,000
Premium/Discount to List
-$13,300
-42.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.19%

Purchase Details

Closed on
Oct 16, 2014
Sold by
Bush Joe A and Busit Mary A
Bought by
Bank Of America Na

Purchase Details

Closed on
Mar 24, 2005
Sold by
Rigdon James
Bought by
Bush Joe A and Bush Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2003
Sold by
Kennedy Gary Roger and Kennedy Sumitra
Bought by
Rigdon James
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Pilcher Deborah M $75,000 Attorney
Sinclair Lamar $37,000 Attorney
Johns Randall A $18,900 Servicelink Llc
Bank Of America Na $154,900 Attorney
Bush Joe A $180,000 --
Rigdon James $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pilcher Deborah M $300,000
Closed Pilcher Deborah M $300,000
Previous Owner Bush Joe A $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2020 06/16/20 Sold $75,000 -6.1% --
05/17/2020 05/17/20 Pending -- -- --
05/16/2020 05/16/20 For Sale $79,900 +343.9% --
05/14/2015 05/14/15 Sold $18,000 -42.5% --
04/29/2015 04/29/15 Pending -- -- --
01/23/2015 01/23/15 For Sale $31,300 -- --
Source: Forgotten Coast REALTOR® Association

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 $1,550 $376,120 -- --
2023 $1,550 $74,778 $123,600 $0
2022 $1,173 $67,980 $0 $0
2021 $1,082 $61,800 $61,800 $0
2020 $1,056 $56,650 $56,650 $0
2019 $932 $50,470 $50,470 $0
2018 $859 $45,320 $0 $0
2017 $674 $41,200 $0 $0
2016 $631 $38,110 $0 $0
2015 $823 $49,234 $0 $0
2014 $772 $45,879 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 304656

Forgotten Coast REALTOR® Association

APN: 04973-160-000