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Mexico Beach 32410 Mexico Beach
119 S 41st Street
Photo of 119 S 41st Street
Sold on Aug 30, 2019

7

Map

Photo of 119 S 41st Street
Photo of 119 S 41st Street
$290,000
● Land - Off Market

119 S 41st Street

Mexico Beach, FL 32456
bedrooms
Studio
bathrooms
0 Bath
$482,398
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

This is a solid deal for a beachside 1st tier lot in Mexico Beach. A 1st tier lot only has one property between it and the beach. The lowest a beachfront lot in this area has sold for is $625K, making this a very appealing option to move one lot back and get almost a 50% discount. This lot had a home on it that was mostly destroyed, there are still some old pilings on the property. You will need a DEP permit to rebuild on this property due to it's close proximity to the Gulf.
Unit Size
-
Days on Market
108 days
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$348
HOA Dues
-
Year Built
2020

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 25 days ago ( #683628)

Price History

Date / Event Date Event Price
Sep 27, 2019 Sold
Premium
Sold
Apr 15, 2019 Listed by 98 Real Estate Group, LLC $329,000
Listed by 98 Real Estate Group, LLC
Jul 8, 2005 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 697
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,321
  • Gross Building Area: 3,321
  • Building Area: 2,624
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,624
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MEXICO BEACH 07
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: 22 6S 12W -11.1-213D1 BEG 675 SWLY & 150 NWLY FROM NWCOR B-7 U-5 TH LFT 75 RT 100 RT 75 RT 100 TO POB LOT 10 BLK 8 ORB 4421 P 1666

Neighborhood

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

Zoning

  • Zoning: MB04

Geography

  • Parcel: 04115-000-000
  • Block: 8
  • Lot: 27
  • Meridian: SEC 22 TWN 06S RNG 12W
  • Municipality: CITY OF MEXICO BEACH
  • Latitude: 29.9508
  • Longitude: -85.4269

    Address

  • Full Address: 119 S 41st St
  • Address - House Number: 119
  • Street Direction: S
  • Address - Street Name: 41st
  • Address - Suffix Type: St
  • State: FL
  • City Name: Mexico Beach
  • Carrier Code: H007
  • 4-Digit Zip Code: 0257
  • Zip Code: 32456

Valuation

    Tax

  • Total Area: 3,584
  • Tax Year: 2023
  • Tax Amount: $1,260,904
  • Tax Rate Code Area: 008

    Appraisal Valuation

  • Standard Deviation: 0.1732
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 77
  • Final Value: 1,095,979
  • High Value: 1,285,874
  • Low Value: 906,084

    Market Valuation

  • Market Total Value: $745,844
  • Market Land Value: $345,000
  • Market Improvement Value: $400,844

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $730,697

    Sales

  • Current Sale Contract Date: Aug 30, 2019
  • Current Sale Recording Date: Sep 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019085439
  • Previous Sale Recording Date: Jul 08, 2005
  • Previous Sale Contract Date: Jul 02, 2005
  • Previous Sale Amount: $850,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Mexico Beach

Stats & Trends

Median Asking:

$785,000

Sale Price/ft²

$461

Below Asking

0.01%

Average Days on Market

189

Average Home Size

1347 ft²

Average Home Age

12 years

Currently For Sale

36 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Frequently Asked Questions

When was property at 119 41st Street built and last sold?
The property at 119 41st Street was built in 2020 and last sold on Aug 30, 2019 for $290,000.
How much is this home worth?
The estimated value of the home located at 119 41st Street is $332,290.
What are some comparable homes to 119 41st Street?
There are currently no comparable homes to 119 41st Street.
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