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406 Bimini Way

406 Bimini Way, Niceville, FL 32578
Sold Jul 26, 2023
$510,000
$526,830 by New American Funding
Mortgage Due Aug 01, 2053
Sold May 06, 2021
$405,000
$258,570 by Primelending
Mortgage Due Jun 01, 2051
406 Bimini Way in Niceville, FL was first built in 1986 and is 38 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 406 Bimini Way has 2,160 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 13,952 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable or hip style roof made of wood. For those who need parking, there is a attached garage. The garage is 462 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 406 Bimini Way sold most recently in Jul 24, 2023 for a total of $510,000. If you work out the math, that's approximately a cost of $163.30 per sqft. Before that, the property was also sold for $405,000 in May 3, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,542 in taxes each year. 406 Bimini Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $328,874. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,952
  • Lot Size Frontage Feet: 950
  • Total Building Area: 3,123
  • Gross Building Area: 3,123
  • Building Area: 2,160
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,160
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CARIBBEAN EAST
  • Land Acres: 0.32
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CARIBBEAN EAST UNIT 3 LOT 3 BLK J

Ownership

  • Current Owner : DINAN JEREMIAH A
  • Current Owner 2: DINAN STACIE L
  • Previous Owner : FAULKNER WILLIAM
  • Previous Owner 2: FAULKNER JENNIFER L
  • Owner Before Previous Owner: WEAVER DANIEL R
  • Owner Before Previous Owner 2: WEAVER REBECCA D
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 021001

Geography

  • Assessors Map Reference: 39
  • Parcel: 23-1S-22-4763-000J-0030
  • Block: J
  • Lot: 3
  • Meridian: SEC 23 TWN 01S RNG 22W
  • Municipality: NORTH BAY FIRE
  • Latitude: 30.4815
  • Longitude: -86.4182

    Address

  • Full Address: 406 Bimini Way
  • Legal Unit: 3
  • Address - House Number: 406
  • Address - Street Name: Bimini
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Niceville
  • Carrier Code: R015
  • 4-Digit Zip Code: 4011
  • Zip Code: 32578

Valuation

    Tax

  • Total Area: 2,507
  • Tax Year: 2023
  • Tax Amount: $3,542
  • Tax Rate Code Area: 014

    Appraisal Valuation

  • Standard Deviation: 0.1937
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 490,096
  • High Value: 585,038
  • Low Value: 395,154

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $526,830
  • First Open Lien Mortgage Lender: NEW AMERICAN FUNDING
  • First Open Lien Mortgage Recording Date: Jul 26, 2023
  • First Open Lien Mortgage Loan Amount: $526,830
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2053

    Market Valuation

  • Market Total Value: $338,768
  • Market Land Value: $88,263
  • Market Improvement Value: $250,505

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $328,874

    Sales

  • Current Sale Contract Date: Jul 24, 2023
  • Current Sale Recording Date: Jul 26, 2023
  • Current Sale Transaction ID: 11909923880
  • Current Sale Price: $510,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3637713
  • Previous Sale Recording Date: May 06, 2021
  • Previous Sale Contract Date: May 03, 2021
  • Previous Sale Amount: $405,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEW AMERICAN FUNDING
  • First Mortgage Transaction Date: Jul 26, 2023
  • First Mortgage Loan Amount: $526,830
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Aug 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: PRIMELENDING
  • Previous Mortgage Transaction Date: May 06, 2021
  • Previous Mortgage Loan Amount: $258,570
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Jun 01, 2051

About Bluewater Bay



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Frequently Asked Questions

What neighborhood is 406 Bimini Way located in?
The 406 Bimini Way is a located in the neighborhood of Caribbean Village East in Bluewater Bay, Niceville.
What is the average sales price for listings in 406 Bimini Way?
The average sales price for units in 406 Bimini Way is $0 currently.

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