NOT LISTED FOR SALE

D W Bay Loop Rd Freeport, FL 32439

Estimated Value: $190,021

5 Acres
$38,004 Price per Acre
217,800 Sq Ft Lot

Last Sold June 12, 2020

Last sale price $125,000

Est. 52% increase in value since last sale

Current estimated payment $1,067/month

194 Days on Market

About This Lot

As of June 2020

Own your own ranchette in Freeport! This 5 acre parcel (Tract D on survey in documents) has mature trees and a great building spot. Septic required, no HOA.
Have a builder and plans ranging from 1955 SF at 455K build out to 3545 at 760K build out costs on top of lot price. Ask for details. Well and septic for utilities on this property.
Zoned rural village which allows for two units (homes) per acre. This parcel is one of 7 parcels totaling 40 acres. Family owns 7 parcels separately and is willing to sell all or portion of 40 acre property. Each parcel is listed separately and as a whole in MLS 773734. Bay Loop Drive is located in Freeport, FL, a region of Central/South Walton poised to grow with the recently widened Highway 331 just a few miles away which has brought in new businesses to the area. Many area residents and tourists coming to the beaches of South Walton who are looking for a quieter place away from the busy traffic south of the bay, this location is perfect! Alaqua Bayou, where this property sits is part of Choctawhatchee Bay, which feeds straight to the Gulf of Mexico.

The property is convenient to Santa Rosa Beach, Grayton Beach, Blue Mountain Beach, Scenic Highway 30A and the Gulf of Mexico and close to world famous Seaside, Florida - site of the movie "The Truman Show." Only Five miles to the new Publix shopping plaza on 331, 17 miles to Highway 98 (to Destin and Panama City) and six miles on Highway 20 (to Niceville/Eglin Air Force Base). Twenty-one miles to I10 and DeFuniak Springs.

Excellent high performing schools and city utilities help to make this an extremely valuable property.

Last Agent to Sell the Property

S Kimberly Maxwell

30A Local Real Estate Listed on: 10/31/2019

Last Buyer's Agent

ecn.rets.e25535

ecn.rets.RETS_OFFICE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $278

Lot Details

  • 5 Acre Lot
  • Lot Dimensions are 329x660
  • Property fronts a private road
  • Property fronts an easement
  • Wooded Lot
  • Property is zoned Agriculture, Horses

Schools

  • Freeport Elementary And Middle School
  • Freeport High School

Utilities

  • Private Company Owned Well
  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 18-1S-19-23000-008-0080

Property Details

Property Type

Land

Est. Annual Taxes

$278

Lot Details

0

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size Acres: 5.0
  • Lot Size: 329X660
  • Road Frontage Type: Private Road, Easement
  • Directions: Take Bay Loop Road west (83A) south approximately 4 miles the property will be on east side to your right and is marked by signage.
  • Utilities:Septic Tank: Yes
  • Utilities:Private Well: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Wooded
  • Lot Features:Wooded: Yes

Utilities

  • Utilities: Private Well, Septic Tank

Schools

  • Elementary School: Freeport
  • High School: Freeport
  • Middle Or Junior School: Freeport

Lot Info

  • Lot Size Sq Ft: 217800.0
  • Parcel #: 18-1S-19-23000-008-0080
  • Zoning: Agriculture, Horses
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 277.65
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2019
Closed on
Jun 11, 2020
Sold by
Welch Gregory E and Welch Wynell
Bought by
Noah Jacob and Noah Kelsey
Seller's Agent
S Kimberly Maxwell
30A Local Real Estate
Buyer's Agent
S Kimberly Maxwell
30A Local Real Estate
List Price
$125,000
Sold Price
$125,000
Current Estimated Value
$190,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,021
Avg. Annual Appreciation
8.03%
Original Mortgage
$112,500
Outstanding Balance
$99,723
Interest Rate
3.2%
Mortgage Type
Commercial
Estimated Equity
$90,298
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
Noah Jacob $125,000 Mitchell Land And Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Noah Jacob $112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2020 11/01/20 Off Market $125,000 -- --
06/12/2020 06/12/20 Sold $125,000 0.0% --
05/12/2020 05/12/20 Pending -- -- --
10/31/2019 10/31/19 For Sale $125,000 -- --
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 $804 $125,000 $125,000 --
2023 $804 $30,939 $0 $0
2022 $747 $116,404 $116,404 $0
2021 $337 $25,569 $25,569 $0
2020 $292 $21,642 $21,642 $0
2019 $282 $21,012 $21,012 $0
2018 $278 $20,600 $0 $0
2017 $270 $20,000 $20,000 $0
2016 $272 $20,000 $0 $0
2015 $275 $20,000 $0 $0
2014 $194 $20,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 834430

Emerald Coast Association of REALTORS®

APN: 18-1S-19-23000-008-0080