NOT LISTED FOR SALE

LOT 1 Bay Grove Freeport, FL 32439

Estimated Value: $452,081 - $697,000

0.51 Acre
$1,166,216 Price per Acre
22,216 Sq Ft Lot

Last Sold October 26, 2018

Last sale price $55,000

Est. 981% increase in value since last sale

Current estimated payment $3,263/month

74 Days on Market

Highlights

  • Bayou View
  • Freeport Middle School Rated A-
  • Wooded Lot

About This Lot

As of October 2018

With just over a half acre directly across the street from Mallet Bayou, the lot allows quick access to Hwy 331 either direction down Bay Grove Rd. You will be less than 10 minutes from the Freeport Publix shopping center or fishing and a boat launch under the 331 Bridge at the new Pilcher Park on the Bay. You will find local favorite restaurants on the south side of the bay only a rocks throw, or paddle ride, from the bridge park. The Beaches of South Walton and Scenic Highway 30A are 20 minutes away. Have quick access to the area attractions, while keeping some of the seasonal congestion at arms length. Our beautiful beaches continue to develop,in every direction. This lot is a chance to enjoy this special slice of Northwest Florida!

Last Agent to Sell the Property

Sara Reese

Compass License #3395400 Listed on: 07/22/2018

Compass

Last Buyer's Agent

Michael Savage

Destin Palms Vacations Inc

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $187

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 110' x 200'
  • Property fronts a county road
  • Wooded Lot
  • Property is zoned Deed Restrictions, Resid

Schools

  • Freeport Elementary And Middle School
  • Freeport High School

Additional Features

  • Bayou Views
  • Water Tap or Transfer Fee

Community Details

  • Mallet Bayou Subdivision
  • The community has rules related to covenants

Listing and Financial Details

  • Assessor Parcel Number 33-1S-19-23030-000-0010

Property Details

Property Type

Land

Est. Annual Taxes

$187

Lot Details

0

Listing Details

  • Property Sub Type: Vacant Land
  • Prop. Type: Land
  • Lot Size Acres: 0.51
  • Lot Size: 110' x 200'
  • Road Frontage Type: County Road
  • Road Surface Type: Paved Road
  • Subdivision Name: Mallet Bayou Subdivision
  • Directions: Driving north from Hwy 98, travel over the 331 Bridge, take the very first left on Bay Grove Rd (this is immediately at the end, start signaling before the bridge ends), travel 1.8 miles and the lot is on the right side of the road. Driving from Hwy 20, travel 4 miles and take a right on Bay Grove Rd, travel 1 mile, the lot is on your left side. The lot is next to and across from lots with homes.
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Utilities:Tap Fee Due: Yes
  • Waterview:Bayou2: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Aerials/Topo Availbl, Covenants, Within 1/2 Mile to Water, Wooded
  • View: Bayou
  • Lot Features:Within 12 Mile to Water: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Covenants: Yes
  • Lot Features:AerialsTopo Availbl: Yes

Utilities

  • Utilities: Public Sewer, Public Water, Tap Fee Due

Schools

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

Lot Info

  • Lot Size Sq Ft: 22215.6
  • Parcel #: 33-1S-19-23030-000-0010
  • Zoning: Deed Restrictions, Resid
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 187.17
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2019
Sold by
Live Oak Homes & Development Inc
Bought by
Mckay Ashley N and Mcdonald Chase
Current Estimated Value
$594,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Outstanding Balance
$214,519
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$380,251

Purchase Details

Listed on
Jul 22, 2018
Closed on
Oct 26, 2018
Sold by
Vahabzadeh Hossein and Vahabzadeh Hedy
Bought by
Live Oak Homes & Development Inc
Seller's Agent
Sara Reese
Compass
Buyer's Agent
Michael Savage
Destin Palms Vacations Inc
List Price
$55,000
Sold Price
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.44%
Original Mortgage
$55,000
Interest Rate
4.6%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 6, 2017
Sold by
Vahabzadeh Hossein
Bought by
Vahabzadeh Hossein and Vahabzadeh Hedy

Purchase Details

Listed on
Dec 10, 2014
Closed on
Jan 16, 2015
Sold by
Cochran James A
Bought by
Vahabzadeh Hossein
Seller's Agent
Nancy Dudley
World Impact Real Estate
Buyer's Agent
Lisa Snuggs
Assist 2 Sell
List Price
$45,000
Sold Price
$45,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.03%

Purchase Details

Closed on
May 16, 2008
Sold by
G & P Contract Service Inc
Bought by
Cochran James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,049
Interest Rate
5.84%
Mortgage Type
Balloon
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
Mckay Ashley N $305,000 Attorney
Live Oak Homes & Development Inc $55,000 Attorney
Vahabzadeh Hossein -- None Available
Vahabzadeh Hossein $45,000 Mcneese Title Llc
Cochran James A $200,000 Mcneese Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckay Ashley N $244,000
Previous Owner Live Oak Homes & Development Inc $55,000
Previous Owner Cochran James A $172,049
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2019 08/13/19 Off Market $55,000 -- --
10/26/2018 10/26/18 Sold $55,000 0.0% --
10/04/2018 10/04/18 Pending -- -- --
07/22/2018 07/22/18 For Sale $55,000 +22.2% --
01/16/2015 01/16/15 Sold $45,000 0.0% -- View Prior Sale
01/07/2015 01/07/15 Pending -- -- --
12/10/2014 12/10/14 For Sale $45,000 -- --
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 $1,723 $242,473 -- --
2023 $1,723 $235,411 $0 $0
2022 $1,709 $228,554 $0 $0
2021 $1,732 $221,897 $44,895 $177,002
2020 $1,768 $191,499 $38,000 $153,499
2019 $303 $33,000 $33,000 $0
2018 $219 $23,690 $0 $0
2017 $209 $23,000 $23,000 $0
2016 $187 $20,000 $0 $0
2015 $190 $20,000 $0 $0
2014 $193 $20,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sara Reese

    Seller's Agent in 2018

    Sara Reese

    Compass

    (850) 420-0425

    26 Total Sales

    Sara Reese
    Section Image

  • M

    Buyer's Agent in 2018

    Michael Savage

    Destin Palms Vacations Inc

  • e

    Buyer's Agent in 2018

    ecn.rets.e23103

    ecn.rets.RETS_OFFICE

  • N

    Seller's Agent in 2015

    Nancy Dudley

    World Impact Real Estate

  • T

    Seller Co-Listing Agent in 2015

    Tom Dudley

    World Impact Real Estate

  • L

    Buyer's Agent in 2015

    Lisa Snuggs

    Assist 2 Sell

See All Agents

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 786476

Emerald Coast Association of REALTORS®

APN: 33-1S-19-23030-000-0010

Florida Walton County Freeport 32439

LOT 1 Bay Grove, Freeport, FL

This home is located at LOT 1 Bay Grove, Freeport, FL 32439 since 22 July 2018 and is currently estimated at $594,770. LOT 1 Bay Grove is a home located in Walton County with nearby schools including Freeport Elementary School, Freeport Middle School, and Freeport Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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