$199,500
SOLD APR 21, 2025

4831 E Olive Rd Unit 3B Pensacola, FL 32514

3 Beds
2 Baths
1,319 Sq Ft
$470/ mo HOA Fee

Recently Sold

$151 Per Sq Ft

5% Below List Price

57 Days on Market

Highlights

  • Bay View
  • Traditional Architecture
  • Solid Surface Bathroom Countertops
  • Deck
  • Softwood Flooring
  • Granite Countertops

About This Home

As of April 2025

This spacious 3-bedroom residence features a flexible layout, including a dedicated dining area, a charming breakfast nook, and a cozy wood-burning fireplace that adds a touch of comfort and ambiance. The in-unit laundry and private garage provide everyday ease, while two beautifully updated bathrooms offer modern style—one featuring a sleek walk-in shower. With a motivated seller, this is an excellent opportunity to make this home your own. Step onto the balcony and enjoy seasonal Bay views, a serene retreat depending on the foliage. With low-maintenance living, the association takes care of exterior maintenance, water, pest control, and exterior insurance, allowing you to focus on enjoying all that this home and community have to offer. Perfectly positioned in the heart of Pensacola, this condo provides convenient access to the area’s beautiful beaches, vibrant downtown, and a variety of dining, shopping, and entertainment options. Whether you’re exploring local history or embracing outdoor adventures along the Gulf Coast, this location offers the best of coastal living.

Last Agent to Sell the Property

Beth Stage

Engel & Volkers Pensacola Listed on: 01/15/2025

Engel & Volkers Pensacola

Last Buyer's Agent

Cinnamon Reed

KELLER WILLIAMS REALTY GULF COAST

KELLER WILLIAMS REALTY GULF COAST

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1983

Lot Details

  • Cul-De-Sac

HOA Fees

  • $470 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Guest Parking

Home Design

  • Traditional Architecture
  • Gable Roof Shape
  • Brick Exterior Construction
  • Off Grade Structure
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,319 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Blinds
  • Formal Dining Room
  • Inside Utility
  • Washer and Dryer Hookup
  • Bay Views

Kitchen

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

Flooring

  • Softwood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Solid Surface Bathroom Countertops
  • Shower Only

Home Security

Outdoor Features

  • Balcony
  • Deck
  • Rain Gutters

Schools

  • Scenic Heights Elementary School
  • Ferry Pass Middle School
  • Washington High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 051S291009002003

Community Details

Overview

  • Association fees include ground maintenance, pest control, trash, water/sewer
  • Mill Ridge Subdivision

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Year Built

Built in 1983

Lot Details

1.24 Acres

HOA Fees

$470 per month

Parking

1

Listing Details

  • Stories: 2
  • Parcel Number: 051S291009002003
  • Property Type: Residential Attached
  • Year Built: 1983
  • Electric: Circuit Breakers, Copper Wiring
  • Property Sub Type: Res Attached
  • Horses: No
  • Subdivision Name: Mill Ridge
  • Directions: From Scenic Hwy, turn onto Olive Rd, Drive West , Turn left into Mill Ridge Condo parking lot.
  • Architectural Style: Traditional
  • Building Name: Mill Ridge Condo
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Efficiency: Heat Pump
  • Property Attached Yn: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Built In Microwave, Dishwasher, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Tile, Simulated Wood
  • Interior Amenities: Ceiling Fan(s), Recessed Lighting, Walk-In Closet(s)
  • Living Area: 1319
  • Window Features: Blinds, Drapes
  • Bedroom/Bathroom Features: Remodeled
  • Dining Room Features: Breakfast Bar, Breakfast Room/Nook, Eat-in Kitchen, Formal Dining Room, Living/Dining Combo
  • Living Room Living Room Level: Second
  • Master Bedroom Master Bedroom Level: Second
  • Master Bedroom Master Bedroom Width: 13.5
  • Master Bedroom Features: Ceiling Fan(s), Walk-In Closet(s)
  • Room Kitchen Features: Not Updated, Granite Counters
  • Dining Room Dining Room Level: Second
  • Room Master Bedroom Area: 182.25
  • Room Dining Room Area: 100
  • Master Bathroom Features: Shower Only, Solid Surface Countertops

Exterior Features

  • Roof: Shingle, Gable
  • Lot Features: Cul-De-Sac
  • Pool Features: None
  • View: Bay
  • View: Yes
  • Construction Type: Brick, Frame
  • Exterior Features: Balcony, Rain Gutters
  • Foundation Details: Off Grade
  • Patio And Porch Features: Deck
  • Property Condition: Resale

Garage/Parking

  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Garage, Guest, Garage Door Opener
  • Total Parking Spaces: 1

Utilities

  • Heating: Central, Fireplace(s)
  • Cooling: Heat Pump, Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Laundry Features: Inside, W/D Hookups
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 5640
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Yes

Fee Information

  • Association Fee Includes: Association, Maintenance Grounds, Pest Control, Trash, Water/Sewer

Schools

  • Elementary School: Scenic Heights
  • High School: Washington
  • Middle Or Junior School: FERRY PASS

Lot Info

  • Zoning Description: Res Multi
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2022
Sold by
Tice Henry Cabell
Bought by
May Melissa Perritt Thom
Current Estimated Value
$198,463

Purchase Details

Closed on
Oct 6, 2022
Sold by
Perez De Tice Dominga A
Bought by
Tice Henry Cabell

Purchase Details

Listed on
Dec 22, 2020
Closed on
Mar 24, 2021
Sold by
Gayol Marcos and Lencina Jorge Javier
Bought by
Tice Henry Cabell and Perez De Tice
Seller's Agent
Joshua Ward
KELLER WILLIAMS REALTY GULF COAST
Buyer's Agent
Beth Stage
Engel & Volkers Pensacola
List Price
$160,000
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.41%
Original Mortgage
$152,000
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 16, 2018
Closed on
Sep 19, 2018
Sold by
Treise Richard H
Bought by
Gayol Marcos and Lencina Jorge Javier
Seller's Agent
HAROLD MOBLEY
COASTAL REALTY EXPERTS
Buyer's Agent
HAROLD MOBLEY
COASTAL REALTY EXPERTS
List Price
$139,500
Sold Price
$130,000
Premium/Discount to List
-$9,500
-6.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.62%
Original Mortgage
$123,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 28, 2011
Closed on
Jan 10, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Treise Richard H
Seller's Agent
William Danley
DANLEY REALTY, INC.
Buyer's Agent
Outside Area Selling Agent
PAR Outside Area Listing Office
List Price
$85,000
Sold Price
$55,000
Premium/Discount to List
-$30,000
-35.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.70%

Purchase Details

Closed on
Apr 1, 2011
Sold by
Shepard Lynn K
Bought by
Phh Mortgage Corporation

Purchase Details

Closed on
Mar 31, 2011
Sold by
Phh Mortgage Corporation
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Mar 14, 2005
Sold by
Lords Curtis M and Lords Amanda O
Bought by
Shepard Lynn K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2003
Sold by
Gentry Cheryl A
Bought by
Lords Curtis M and Lords Amanda O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,245
Interest Rate
5.86%

Purchase Details

Closed on
Apr 21, 1999
Sold by
Young Lori Anne
Bought by
Gentry Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,050
Interest Rate
7.13%

Purchase Details

Closed on
Jan 19, 1996
Sold by
Kilroy James A
Bought by
Young Lori Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,198
Interest Rate
7.15%
Mortgage Type
VA
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 Type Sale Price Title Company
Warranty Deed $100 --
Quit Claim Deed $74,200 --
Warranty Deed $160,000 Allure Title Company
Warranty Deed $130,000 First Intl Title Inc
Special Warranty Deed $55,000 New House Title
Deed -- Attorney
Special Warranty Deed -- New House Title
Warranty Deed $152,000 Lawyers Title Ins Corp
Warranty Deed $83,000 --
Warranty Deed $76,900 --
Warranty Deed $64,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $152,000 New Conventional
Previous Owner $123,500 New Conventional
Previous Owner $62,000 Purchase Money Mortgage
Previous Owner $84,245 No Value Available
Previous Owner $73,050 No Value Available
Previous Owner $66,198 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/21/2025 04/21/25 Sold $199,500 0.0% $151 / Sq Ft
03/13/2025 03/13/25 Pending -- -- --
02/04/2025 02/04/25 Price Changed $199,500 -4.5% $151 / Sq Ft
01/15/2025 01/15/25 For Sale $209,000 +30.6% $158 / Sq Ft
03/24/2021 03/24/21 Sold $160,000 0.0% $121 / Sq Ft View Prior Sale
12/22/2020 12/22/20 For Sale $160,000 +23.1% $121 / Sq Ft
09/19/2018 09/19/18 Sold $130,000 -6.8% $99 / Sq Ft View Prior Sale
07/31/2018 07/31/18 Pending -- -- --
07/16/2018 07/16/18 For Sale $139,500 +153.6% $106 / Sq Ft
01/10/2012 01/10/12 Sold $55,000 -35.3% $41 / Sq Ft View Prior Sale
12/11/2011 12/11/11 Pending -- -- --
06/15/2011 06/15/11 For Sale $85,000 -- $64 / Sq Ft
Source: Pensacola 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 $1,591 $156,961 -- $156,961
2024 $1,573 $153,925 -- --
2023 $1,573 $149,442 $0 $0
2022 $1,531 $145,090 $0 $145,090
2021 $1,806 $121,348 $0 $0
2020 $1,706 $116,072 $0 $0
2019 $1,665 $112,115 $0 $0
2018 $1,656 $109,213 $0 $0
2017 $585 $65,303 $0 $0
2016 $586 $63,960 $0 $0
2015 $566 $63,516 $0 $0
2014 $556 $63,012 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 657602

Pensacola Association of REALTORS®

APN: 05-1S-29-1009-002-003

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