NOT LISTED FOR SALE

554 Magnolia Lake Dr Defuniak Springs, FL 32433

Estimated Value: $492,746 - $541,000

3 Beds
2.5 Baths
2,161 Sq Ft
$235/Sq Ft Est. Value

Last Sold July 28, 2022

Last sale price $475,000 $220 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,075/month

25 Days on Market

Highlights

  • Lake Front
  • Fishing
  • Great Room
  • Boat Dock
  • Wood Flooring
  • Terrace

About This Home

As of July 2022

Prepare to check off all the boxes! Brick waterfront home in popular Magnolia Lake Estates. This split floor plan is a wow, as are the views from your heavenly screened back porch. Not only is there a kitchen with solid surface countertops, new appliances, breakfast bar and pantry, but you'll discover a huge butler's pantry with all the cabinet and countertop storage your heart could dream of. You'll find storage in spades in this home with closets around every corner. Entertaining is easy w/ formal dining as well as a breakfast area overlooking the lake. The large waterfront master suite shines, with a fantastic walk-in closet, as well as a surprisingly large cultured marble walk-in shower. Experience the peaceful & calming views in this very walkable neighborhood w/ one entrance/exit.

Last Agent to Sell the Property

Kim Wennerberg

Kim & Company License #669169 Listed on: 05/19/2022

Last Buyer's Agent

Kim Wennerberg

Great South Realty Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,023

Year Built

  • Built in 2006

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 84x151x83x159
  • Lake Front
  • Sprinkler System
  • Cleared Lot
  • Lawn Pump
  • Property is zoned City, Resid Single Family

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Automatic Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Dimensional Roof
  • Composition Shingle Roof
  • Vinyl Trim

Interior Spaces

  • 2,161 Sq Ft Home
  • 1-Story Property
  • Built-in Bookshelves
  • Shelving
  • Coffered Ceiling
  • Tray Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Great Room
  • Breakfast Room
  • Dining Room
  • Screened Porch
  • Storage Room
  • Lake Views

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Double Oven
  • Electric Oven or Range
  • Cooktop with Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Primary Bedroom
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Laundry Room
  • Exterior Washer Dryer Hookup

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Docks
  • Terrace
  • Built-In Barbecue

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 15-3N-19-19020-00A-0160

Community Details

Overview

  • Magnolia Lake S/D Subdivision
  • The community has rules related to covenants

Amenities

  • Picnic Area
  • Community Pavilion

Recreation

  • Boat Dock
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,023

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.32
  • Lot Size: 84x151x83x159
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Magnolia Lake S/D
  • Directions: From 83N, take a left at Walton Road. Take a right on John Baldwin Road and continue to Magnolia Lake Drive. Take a left at the stop sign, and the property will be on the left.
  • Architectural Style: Ranch
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 1
  • Year Built: 2006
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Dining Room: Yes
  • Appliances Microwave: Yes
  • Energy:Ceiling Fans: Yes
  • Rooms:Laundry2: Yes
  • Rooms:Storage: Yes
  • Rooms:Breakfast Room: Yes
  • Waterview:Lake2: Yes
  • Utilities:Gas - Natural: Yes
  • Rooms:Screened Porch: Yes
  • Rooms:Great Room: Yes
  • Waterfront:Lake: Yes
  • Rooms:Terrace: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Auto Garage Door Opn, Cooktop, Dishwasher, Microwave, Oven Double, Range Hood, Refrigerator W/IceMk, Security System, Smoke Detector, Stove/Oven Electric
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Breakfast Bar, Built-In Bookcases, Ceiling Tray/Cofferd, Fireplace Gas, Floor Hardwood, Floor Tile, Lighting Recessed, Pantry, Shelving, Split Bedroom, Washer/Dryer Hookup, Window Treatmnt Some
  • Interior:WasherDryer Hookup: Yes
  • Appliances:Cooktop: Yes
  • Appliances:StoveOven Electric: Yes
  • Mstr BdrmMstr Bath:MBath Shower Only: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Smoke Detector: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Hardwood: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Appliances:Range Hood: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Lighting Recessed: Yes
  • Appliances:Security System: Yes
  • Interior:Ceiling TrayCofferd: Yes
  • Interior:Fireplace Gas: Yes
  • Interior:Shelving: Yes
  • Appliances:Oven Double: Yes
  • Interior:Built-In Bookcases: Yes

Exterior Features

  • Lot Features: Cleared, Covenants
  • View: Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Brick, Roof Dimensional Shg, Trim Vinyl
  • Exterior Features: BBQ Pit/Grill, Dock, Lawn Pump, Porch, Porch Screened, Sprinkler System
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Porch: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:Cleared: Yes
  • ConstructionSiding:Roof Dimensional Shg: Yes
  • ConstructionSiding:Trim Vinyl: Yes
  • Exterior:Lawn Pump: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:Porch Screened: Yes
  • ConstructionSiding:Brick: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Dock: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Oversized
  • General Property Info:Garage2: Yes
  • Parking Features:Garage Attached: Yes
  • Appliances:Auto Garage Door Opn: Yes
  • Rooms:Garage5: Yes
  • Parking Features:Oversized: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Gas - Natural, Phone, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Dock, Fishing, Pavillion/Gazebo, Picnic Area, Waterfront

Schools

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

Lot Info

  • Lot Size Sq Ft: 13939.2
  • Parcel #: 15-3N-19-19020-00A-0160
  • Zoning: City, Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2022
Closed on
Jul 28, 2022
Sold by
Allen Wykle Jr Gene and Allen Donna L
Bought by
Brannon Adam and Brannon Amber
Seller's Agent
Kim Wennerberg
Kim & Company
Buyer's Agent
Kim Wennerberg
Great South Realty Inc
List Price
$475,000
Sold Price
$475,000
Current Estimated Value
$506,937

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,937
Avg. Annual Appreciation
2.10%
Original Mortgage
$485,925
Outstanding Balance
$464,430
Interest Rate
5.3%
Mortgage Type
VA
Estimated Equity
$42,507

Purchase Details

Listed on
Nov 27, 2015
Closed on
Apr 1, 2016
Sold by
Greene Thelma Jean
Bought by
Wykle Gene Allen and Wykle Donna L
Seller's Agent
Kim Wennerberg
Kim & Company
Buyer's Agent
Helen Bonner
Southern Key Properties Inc
List Price
$249,900
Sold Price
$249,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.77%
Original Mortgage
$258,146
Interest Rate
3.68%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Brannon Adam $475,000 None Listed On Document
Wykle Gene Allen $249,900 Allstate Title & Escrow Nw F
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brannon Adam $485,925
Previous Owner Wykle Gene Allen $258,146
Previous Owner Greene Robert E $100,000
Previous Owner Greene Robert E $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2022 07/28/22 Sold $475,000 0.0% $220 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $475,000 +90.1% $220 / Sq Ft
06/23/2019 06/23/19 Off Market $249,900 -- --
04/19/2016 04/19/16 Sold $249,900 0.0% $116 / Sq Ft
02/17/2016 02/17/16 Pending -- -- --
11/27/2015 11/27/15 For Sale $249,900 -- $116 / 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 $4,023 $341,165 $56,000 $285,165
2023 $4,023 $333,468 $45,000 $288,468
2022 $2,819 $250,010 $0 $0
2021 $2,808 $242,728 $0 $0
2020 $2,729 $274,766 $90,320 $184,446
2019 $2,553 $233,995 $0 $0
2018 $2,503 $229,632 $0 $0
2017 $2,519 $230,262 $88,550 $141,712
2016 $1,872 $180,886 $0 $0
2015 $1,880 $179,629 $0 $0
2014 $2,177 $199,773 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 898908

Emerald Coast Association of REALTORS®

APN: 15-3N-19-19020-00A-0160