See Home Value
$313,986*
Land - Off Market

116 S 40TH ST

Mexico Beach, FL 32456
bedrooms
Studio
bathrooms
0 Bath
$257,000 - $313,000
Reference Base Price*
10.17%
Since Jan 1, 2022
National-US
Primary Model
Sold Dec 03, 2021
$274,900
$175,000 by First Port City Bank
Mortgage Due Nov 30, 2031
Sold Jul 18, 2018
$226,000
$171,200 by Suntrust Mortgage Inc
Mortgage Due Aug 01, 2048

About This Property

Now is your chance to have those amazing views of the Gulf of Mexico!  This lot is located in one of the best locations in beautiful Mexico Beach! Measuring 37x100 and located on the beach side in Mexico Beach in a X Flood Zone.  Just 122 steps to the beautiful white sandy beaches.  All tap fees have been paid.  The lot is landward of the CCCL and would not require costly and  timely Florida Department Of Environmental Protection permitting to build. No DEP permitting needed.  Buildable for a single family home or duplex and surrounded by gorgeous properties. Only 5 minutes to the Mexico Beach boat landing.
Unit Size
-
Days on Market
-
Land Size
0.08 acres
Price per sqft
-
Property Type
Land
Property Taxes
$138
HOA Dues
-
Year Built
1955

Price History

Date / Event Date Event Price
Dec 3, 2021 No longer available -
No longer available
Dec 3, 2021 Sold to Yee Y Chai $274,900
Sold to Yee Y Chai
Oct 17, 2021 In contract -
In contract
Sep 22, 2021 Price Decreased $285,000
↓ $4K (1.4%)
Price Decreased
Jul 10, 2021 Listed $289,000
Listed
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 2
  • Full Bathrooms: 1
  • Construction Type: Masonry
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,659
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 370
  • Total Building Area: 808
  • Gross Building Area: 960
  • Building Area: 808
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 808
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: MEXICO BEACH
  • Land Acres: 0.084
  • Standard Land Use Code: Vacant land (general)
  • Legal Description 1: 22 6S 12W -3- 213D1 BEG 50 WLY & 600.28 SWLY OF NW COR OF LOT 1 BLK 7 MEXICO BEACH UNIT 5 TH S33W 37.47 N55W 99.41 N33E 36.92 S56E 99.41 TO POB (AKA NLY PART OF LOT 14 BLK 8) . ORB 4494 P 523

Ownership

  • Current Owner : CHAI YEE Y
  • Previous Owner : FLOWERS DAVID E
  • Previous Owner 2: FLOWERS DEBORAH H
  • Owner Before Previous Owner: PARKAR MARION DREW
  • Owner Before Previous Owner 2: PARKE PEGGY
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000600

Zoning

  • Zoning: MB04

Geography

  • Assessors Map Reference: MAP 213D1
  • Parcel: 04106-000-000
  • Block: 7
  • Lot: 1
  • Meridian: SEC 22 TWN 06S RNG 12W
  • Municipality: CITY OF MEXICO BEACH
  • Latitude: 29.9508
  • Longitude: -85.4265

    Address

  • Full Address: 116 S 40th St
  • Address - House Number: 116
  • Street Direction: S
  • Address - Street Name: 40th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Mexico Beach
  • Carrier Code: H007
  • 4-Digit Zip Code: 0254
  • Zip Code: 32456

Valuation

    Tax

  • Total Area: 1,763
  • Tax Year: 2023
  • Tax Amount: $2,759
  • Tax Rate Code Area: 008

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,000
  • First Open Lien Mortgage Lender: FIRST PORT CITY BANK
  • First Open Lien Mortgage Recording Date: Dec 03, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $175,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Nov 30, 2031

    Market Valuation

  • Market Total Value: $170,200
  • Market Land Value: $170,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $156,573

    Sales

  • Current Sale Contract Date: Nov 30, 2021
  • Current Sale Recording Date: Dec 03, 2021
  • Current Sale Transaction ID: 11873909137
  • Current Sale Price: $274,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021091798
  • Previous Sale Recording Date: Jul 18, 2018
  • Previous Sale Contract Date: Jul 11, 2018
  • Previous Sale Amount: $226,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST PORT CITY BANK
  • First Mortgage Transaction Date: Dec 03, 2021
  • First Mortgage Loan Amount: $175,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Nov 30, 2031

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST MORTGAGE INC
  • Previous Mortgage Transaction Date: Jul 18, 2018
  • Previous Mortgage Loan Amount: $171,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Aug 01, 2048



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Mexico Beach


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Frequently Asked Questions

When was property at 116 South 40th Street built and last sold?
The property at 116 South 40th Street was built in 1955 and last sold on Nov 30, 2021 for $274,900.
How much is this home worth?
The estimated value of the home located at 116 South 40th Street is $287,850.
What are some comparable homes to 116 South 40th Street?
There are currently no comparable homes to 116 South 40th Street.

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