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501 Aleta Avenue

501 Aleta Avenue, Mary Esther, FL 32569
Sold Aug 03, 2022
$355,000
$363,165 by Fairway Independent Mortgage C
Mortgage Due Aug 01, 2052
Sold Oct 06, 2017
$224,900
$232,321 by Southpoint Financial Services
Mortgage Due Oct 01, 2047
501 Aleta Avenue in Mary Esther, FL was first built in 2017 and is 7 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. 501 Aleta Avenue has 1,672 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 7,000 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable or hip style roof made of tile. For those who need parking, there is a attached garage. The garage is 400 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. 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, 501 Aleta Avenue sold most recently in Jul 28, 2022 for a total of $355,000. If you work out the math, that's approximately a cost of $158.48 per sqft. Before that, the property was also sold for $224,900 in Sep 29, 2017. 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 $3,565 in taxes each year. 501 Aleta Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $330,273. If we break it down further, the land itself was valued at $45,234. Improvements to the property, however, were assessed at a total of $285,039. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.

Building Features

Condition

New Construction

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • 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: Tile
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,240
  • Gross Building Area: 2,240
  • Building Area: 1,672
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,672
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.161
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COM NW COR OF SW1/4 E740 FT S70 FT TO POB S70 FT E100 FT N70 FT W100 FT TO

Ownership

  • Current Owner : VELASQUEZ ARISTOTLE GRAY
  • Previous Owner : CLAY ROBERT M
  • Previous Owner 2: CLAY ANDREA SUMMER
  • Owner Before Previous Owner: J & J OF FORT WALTON BEACH II INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Okaloosa County School District
  • Census Tract: 023100

Geography

  • Assessors Map Reference: 49
  • Parcel: 16-2S-25-0000-0033-0330
  • Block: 33
  • Lot: 20
  • Meridian: SEC 16 TWN 02S RNG 25W
  • Municipality: FLOROSA FIRE (SW)
  • Latitude: 30.4154
  • Longitude: -86.7632

    Address

  • Full Address: 501 Aleta Ave
  • Address - House Number: 501
  • Address - Street Name: Aleta
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Mary Esther
  • Carrier Code: R005
  • 4-Digit Zip Code: 2394
  • Zip Code: 32569

Valuation

    Tax

  • Total Area: 1,942
  • Tax Year: 2023
  • Tax Amount: $3,565
  • Tax Rate Code Area: 021

    Appraisal Valuation

  • Standard Deviation: 0.1945
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 74
  • Final Value: 394,084
  • High Value: 470,758
  • Low Value: 317,410

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $363,165
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Aug 03, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $363,165
  • 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, 2052

    Market Valuation

  • Market Total Value: $330,273
  • Market Land Value: $45,234
  • Market Improvement Value: $285,039

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $330,273
  • Assessed Land Value: $45,234
  • Assessed Improvements Value: $285,039

    Sales

  • Current Sale Contract Date: Jul 28, 2022
  • Current Sale Recording Date: Aug 03, 2022
  • Current Sale Transaction ID: 11893683256
  • Current Sale Price: $355,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3569105
  • Previous Sale Recording Date: Oct 06, 2017
  • Previous Sale Contract Date: Sep 29, 2017
  • Previous Sale Amount: $224,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Aug 03, 2022
  • First Mortgage Loan Amount: $363,165
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Aug 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: SOUTHPOINT FINANCIAL SERVICES
  • Previous Mortgage Transaction Date: Oct 06, 2017
  • Previous Mortgage Loan Amount: $232,321
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA
  • Previous Mortgage Loan Due Date: Oct 01, 2047

About Okaloosa



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Frequently Asked Questions

What neighborhood is 501 Aleta Avenue located in?
The 501 Aleta Avenue is a house located in the neighborhood of Fort Walton Beach in Okaloosa, Mary Esther.
What is the average sales price for listings in 501 Aleta Avenue?
The average sales price for units in 501 Aleta Avenue is $0 currently.

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