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507 Magnolia Place

507 Magnolia Place, Miramar Beach, FL 32550
Property in Walton Beaches
Sold Mar 17, 2021
$535,000
$428,000 by Crosscountry Mortgage Llc
Mortgage Due Apr 01, 2051
Sold Dec 17, 2020
$420,000
507 Magnolia Place has been categorized by the local assessors in Miramar Beach, FL as a residential type of property. The area measurement of the land has been determined as 1,703 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 507 Magnolia Place sold most recently in Mar 5, 2021 for a total of $535,000. Before that, the property was also sold for $420,000 in Dec 15, 2020. 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 $3,929 in taxes each year. 507 Magnolia Place was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $423,938. Improvements to the property, however, were assessed at a total of $423,938. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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

  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Condo
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,703
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MAGNOLIA VILLAGE CONDO
  • Land Acres: 0.39
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT 507 MAGNOLIA VILLAGE CONDO IN SANDESTIN & 1/12 INT IN COMMON ELEMENT AS REC IN OR 106-17 OR 1192-25 OR 1700-162 OR 3174-116 OR 3188-327

Ownership

  • Current Owner : FEDERER BILLIE J
  • Previous Owner : REAL JOB PROPERTIES LLC
  • Owner Before Previous Owner: HWLC INC

Neighborhood

  • School District Name: Walton County School District
  • Census Tract: 950609

Zoning

  • Zoning: SD

Geography

  • Assessors Map Reference: S2-27-21
  • Parcel: 27-2S-21-42040-000-5070
  • Block: 50
  • Lot: 5070
  • Meridian: SEC 27 TWN 02S RNG 021
  • Municipality: SOUTH WALTON FIRE
  • Latitude: 30.3794
  • Longitude: -86.3314

    Address

  • Full Address: 507 Magnolia Pl
  • Legal Unit: 507
  • Address - House Number: 507
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Miramar Beach
  • Carrier Code: C014
  • 4-Digit Zip Code: 4500
  • Zip Code: 32550

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,929
  • Tax Rate Code Area: 007

    Appraisal Valuation

  • Standard Deviation: 0.22
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 69
  • Final Value: 757,492
  • High Value: 924,202
  • Low Value: 590,782

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $428,000
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Mar 17, 2021
  • First Open Lien Mortgage Loan Amount: $428,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $423,938
  • Market Improvement Value: $423,938

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $423,938
  • Assessed Improvements Value: $423,938

    Sales

  • Current Sale Contract Date: Mar 05, 2021
  • Current Sale Recording Date: Mar 17, 2021
  • Current Sale Transaction ID: 11826635891
  • Current Sale Price: $535,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210012691
  • Previous Sale Recording Date: Dec 17, 2020
  • Previous Sale Contract Date: Dec 15, 2020
  • Previous Sale Amount: $420,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: Mar 17, 2021
  • First Mortgage Loan Amount: $428,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

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Frequently Asked Questions

What neighborhood is 507 Magnolia Place located in?
The 507 Magnolia Place is a located in the neighborhood of Walton Beaches in Miramar Beach, Miramar Beach.
What is the average sales price for listings in 507 Magnolia Place?
The average sales price for units in 507 Magnolia Place is $0 currently.

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