$80,000
SOLD APR 4, 2025

576 Martin Luther King Dr Chipley, FL 32428

3 Beds
1 Bath
1,296 Sq Ft
0.33 Acres

Recently Sold

$62 Per Sq Ft

20% Below List Price

33 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • 1-Story Property
  • Living Room

About This Home

As of April 2025

In the heart of Chipley and just a few miles from interstate access you find this 3 bed 1 ba REO home. Built in 1977, this all brick exterior home has an enclosed garage, indoor laundry, single tab roof and electric heating, cooling and water heater. Home does need some work and therefore will not qualify for most financing. At just under 1300 SF this property could easily be an addition to your rental portfolio or something with a little elbow grease could be an attractive entry point for your new residence. Call today!

Last Agent to Sell the Property

Cosmo Spellings

Assurance Realty of NWFL LLC License #3113695 Listed on: 02/12/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $457

Year Built

  • Built in 1977

Lot Details

  • 0.33 Acre Lot
  • Property is zoned City, Resid Single Family

Home Design

  • Traditional Architecture
  • Repairs Needed
  • Brick Exterior Construction
  • Composition Shingle Roof
  • Wood Trim

Interior Spaces

  • 1,296 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • See Remarks Elementary And Middle School
  • See Remarks High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 00000000-00-1232-0003

Home Details

Home Type

Single Family

Est. Annual Taxes

$457

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.33
  • Lot Size: IRR
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: From 77 North to Main St, make a right on Old Bonifay Rd, turn right on MLK and house will be on the right.
  • Architectural Style: Traditional
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1977
  • Utilities Electric: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Utilities:Septic Tank: Yes
  • Special Features: RealEstateOwned
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Needs Work

Exterior Features

  • Construction Type: Brick, Roof Composite Shngl, Slab, Trim Wood
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Slab: Yes
  • ConstructionSiding:Brick: Yes
  • ConstructionSiding:Roof Composite Shngl: Yes
  • ConstructionSiding:Trim Wood: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Water, Septic Tank, TV Cable
  • Utility: Yes

Schools

  • Elementary School: See Remarks
  • High School: See Remarks
  • Middle Or Junior School: See Remarks

Lot Info

  • Lot Size Sq Ft: 14374.8
  • Parcel #: 00000000-00-1232-0003
  • Zoning: City, Resid Single Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2025
Closed on
Mar 27, 2025
Sold by
Argolica Llc
Bought by
Homes By Ingram Llc
Seller's Agent
Cosmo Spellings
Assurance Realty of NWFL LLC
List Price
$99,900
Sold Price
$80,000
Premium/Discount to List
-$19,900
-19.92%
Views
44

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
59.75%

Purchase Details

Closed on
Apr 19, 2024
Sold by
Reed Jane E
Bought by
Argolica Llc

Purchase Details

Closed on
Mar 4, 2022
Sold by
Reed Ellis W and Reed Jane E
Bought by
Reed Ellis W and Reed Ellis W
Source: Public Records

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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 Type Sale Price Title Company
Special Warranty Deed $80,000 Allied Title And Trust
Certificate Of Transfer $100 --
Deed -- Hood Adam L
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 Price Changed $179,999 -2.7% $134 / Sq Ft
07/05/2025 07/05/25 For Sale $185,000 +131.3% $138 / Sq Ft
04/04/2025 04/04/25 Sold $80,000 -19.9% $62 / Sq Ft
03/17/2025 03/17/25 Pending -- -- --
02/12/2025 02/12/25 For Sale $99,900 -- $77 / 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 $457 $47,316 -- --
2023 $432 $45,938 $0 $0
2022 $396 $44,600 $0 $0
2021 $376 $43,301 $0 $0
2020 $365 $42,703 $0 $0
2019 $353 $41,743 $0 $0
2018 $345 $40,965 $3,617 $37,348
2017 $343 $40,482 $0 $0
2016 $329 $39,649 $0 $0
2015 $333 $39,649 $0 $0
2014 -- $39,649 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 968446

Emerald Coast Association of REALTORS®

APN: 00000000-00-1232-0003