NOT LISTED FOR SALE

489 Paul Rd Defuniak Springs, FL 32433

Estimated Value: $264,000 - $371,000

3 Beds
2 Baths
2,160 Sq Ft
$152/Sq Ft Est. Value

Last Sold January 09, 2023

Last sale price $290,250 $134 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,790/month

55 Days on Market

Highlights

  • Lake Front
  • 1 Acre Lot
  • Cathedral Ceiling
  • Docks
  • Maid or Guest Quarters
  • Main Floor Primary Bedroom

About This Home

As of January 2023

This Lakefront REO home rests on 1 acre and comes with brick siding, metal roof, balcony, and more! Built in 1981 this 3 bedroom 2 and 1/2 bath 2 story home has 2 complete kitchens; 1 on the entry floor (floor 2) and 1 in the downstairs living space. Additionally both floors has a wood burning fireplace. Split bedroom design and tons of potential this is absolutely 1 to see! Call today before this one is gone. FHA IE (insured with escrows).

Last Agent to Sell the Property

Cosmo Spellings

Assurance Realty of NWFL LLC License #3113695 Listed on: 10/19/2022

Last Buyer's Agent

Cosmo Spellings

Assurance Realty of NWFL LLC License #3113695 Listed on: 10/19/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • 1 Acre Lot
  • Lake Front
  • Property fronts a county road
  • Cleared Lot
  • Property is zoned County, Resid Single

Parking

  • 2 Car Attached Garage

Home Design

  • Off Grade Structure
  • Wallpaper
  • Frame Construction
  • Dimensional Roof
  • Ridge Vents on the Roof
  • Composition Shingle Roof
  • Metal Roof
  • Wood Siding
  • Wood Trim
  • Vinyl Siding
  • Three Sided Brick Exterior Elevation

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows
  • Family Room
  • Living Room
  • Dining Room
  • Screened Porch
  • Lake Views
  • Pull Down Stairs to Attic
  • Exterior Washer Dryer Hookup

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Kitchen Island

Flooring

  • Painted or Stained Flooring
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Maid or Guest Quarters
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Outdoor Features

  • Docks
  • Balcony

Schools

  • Maude Saunders Elementary School
  • Walton Middle School
  • Walton High School

Utilities

  • Central Air
  • Air Source Heat Pump
  • Propane
  • Private Company Owned Well
  • Well
  • Electric Water Heater
  • Septic Tank
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01-3N-20-28000-004-0010

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Lot Size: IRR
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: METES & BOUNDS
  • Directions: Hwy 331 N from Hwy 90 to left onto Paul Rd. Follow Rd to home on Lake on left.
  • Architectural Style: Ranch
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1981
  • Utilities Electric: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Utilities:Septic Tank: Yes
  • Rooms:Dining Room: Yes
  • Utilities:Private Well: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Double Pane Windows: Yes
  • Energy:Heat Pump Air To Air: Yes
  • Waterview:Lake2: Yes
  • Utilities:Gas - Propane: Yes
  • Rooms:Family Room: Yes
  • Energy:Ridge Vent: Yes
  • Waterfront:Lake: Yes
  • Special Features: RealEstateOwned
  • Stories: 2

Interior Features

  • Appliances: Stove/Oven Electric
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Breakfast Bar, Ceiling Cathedral, Fireplace 2+, Floor Vinyl, Floor WW Carpet, Guest Quarters, Kitchen Island, Pull Down Stairs, Split Bedroom, Wallpaper, Washer/Dryer Hookup, Window Treatmnt Some, Woodwork Stained
  • Window Features: Double Pane Windows
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Ceiling Cathedral: Yes
  • Interior:Floor Vinyl: Yes
  • Interior:Pull Down Stairs: Yes
  • Interior:Split Bedroom: Yes
  • Interior:Floor WW Carpet: Yes
  • Interior:Kitchen Island: Yes
  • Interior:Guest Quarters2: Yes
  • Interior:Wallpaper: Yes
  • Interior:Fireplace 2: Yes
  • Interior:Woodwork Stained: Yes

Exterior Features

  • Lot Features: Cleared, Within 1/2 Mile to Water
  • View: Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Foundation Off Grade, Frame, Roof Dimensional Shg, Roof Metal, Siding Brick Some, Vinyl Siding, Wood Siding, Trim Wood
  • Exterior Features: Balcony, Dock, Porch Screened
  • Property Condition: Construction Complete
  • Lot Features:Within 12 Mile to Water: Yes
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Siding Vinyl: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Lot Features:Cleared: Yes
  • ConstructionSiding:Roof Dimensional Shg: Yes
  • ConstructionSiding:Frame: Yes
  • Exterior:Porch Screened: Yes
  • ConstructionSiding:Trim Wood: Yes
  • ConstructionSiding:Siding Brick Some: Yes
  • ConstructionSiding:Siding Wood: Yes
  • ConstructionSiding:Foundation Off Grade: Yes
  • Exterior:Dock: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Rooms:Garage5: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump Air To Air
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Propane, Phone, Private Well, Septic Tank, TV Cable
  • Utility: Yes

Schools

  • Elementary School: Maude Saunders
  • High School: Walton
  • Middle Or Junior School: Walton

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 01-3N-20-28000-004-0010
  • Zoning: County, Resid Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2022
Closed on
Jan 9, 2023
Sold by
Secretary Of Housing And Urban Developme
Bought by
Stalling Phillip B
Seller's Agent
Cosmo Spellings
Assurance Realty of NWFL LLC
Buyer's Agent
Cosmo Spellings
Assurance Realty of NWFL LLC
List Price
$310,000
Sold Price
$290,250
Premium/Discount to List
-$19,750
-6.37%
Views
36
Current Estimated Value
$327,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,076
Avg. Annual Appreciation
4.39%

Purchase Details

Closed on
Aug 18, 2022
Sold by
Clauss Jay D
Bought by
Secretary Of Housing And Urban Development

Purchase Details

Closed on
Apr 16, 2018
Sold by
Clauss Donald J
Bought by
Clauss Jay D
Source: Public Records

Range of Values:

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Average Value
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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
Stalling Phillip B $290,300 Knight Barry Title
Secretary Of Housing And Urban Development $239,161 New Title Company Name
Clauss Jay D -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2023 01/09/23 Sold $290,250 -6.4% $134 / Sq Ft
12/13/2022 12/13/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $310,000 -- $144 / Sq Ft
Source: Emerald Coast 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
2024 -- $112,434 -- --
2023 $911 $166,950 $24,845 $142,105
2022 $911 $156,087 $27,578 $128,509
2021 $676 $103,802 $0 $0
2020 $685 $103,557 $21,613 $81,944
2019 $660 $100,067 $0 $0
2018 $646 $98,201 $0 $0
2017 $630 $96,181 $0 $0
2016 $618 $94,203 $0 $0
2015 $623 $93,548 $0 $0
2014 $626 $92,806 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cosmo Spellings

    Seller's Agent in 2023

    Cosmo Spellings

    Assurance Realty of NWFL LLC

    (850) 699-1856

    7 in this area

    255 Total Sales

    Cosmo Spellings
    Section Image
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 910347

Emerald Coast Association of REALTORS®

APN: 01-3N-20-28000-004-0010

Florida Walton County Defuniak Springs 32433

489 Paul Rd, Defuniak Springs, FL

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