Are you looking for a prime piece of real estate to invest in? This 10-acre property is located on a main highway, 1.2 miles from DeFuniak Airport, providing over 700 feet of road frontage and priceless visibility for your business. Zoned for urban residential, you can build 4 units per acre with its current zoning. This property also backs up to Lake Rosemary. If youre interested in commercial opportunities, the zoning can be changed with approval from Walton county planning and development. Changing to Commerical zoning would allow 12 units per acre. It would be a great place for a tiny home park, mobile home park, or a variety of other business ventures. Electricity and well on property but not currently being used. Buyer to verify all measurements to own satisfaction.
Property Details
Property Features
Listing Office:
Office Name: Team Walton Real Estate Professionals
Office Email: donna@teamwalton.com
Listing Agent: Nikki Pitman
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot: Cleared, Wooded
Lot Size: 10.00 Acres
School Info
Assigned Schools Information:
Walton High School, Public District Grades 9-12
Freeport Senior High School, Public District Grades 9-12
Paxton School, Public District Grades PK-12
Walton Middle School, Public District Grades 6-8
Freeport Middle School, Public District Grades 5-8
Emerald Coast Middle School, Public District Grades 5-8
Maude Saunders Elementary School, Public District Grades PK-5
West Defuniak Elementary School, Public District Grades PK-5
Mossy Head School, Public District Grades PK-5
Other
Directions Information:
Directions: Turn on US Hwy 331 North go approximately 1.2 miles and property is on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $774,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Defuniak Springs, FL.
This property is $514.1K more than the Median Sold Price in Defuniak Springs, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Emerald Coast Association of REALTORS®
MLS Number: #926429
Listing Office:
Office Name: Team Walton Real Estate Professionals
Office Email: donna@teamwalton.com
Listing Agent: Nikki Pitman
Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 4:20:23 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,931
Per Month
Principal & Interest
$3,864
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,387
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Maude Saunders Elementary School
416 John Baldwin Rd
Distance between this listing and this school1.35 miles
Public District Grades PK-5
7
/10
West Defuniak Elementary School
815 Lincoln Ave
Distance between this listing and this school2.00 miles
Public District Grades PK-5
8
/10
Mossy Head School
13270 Us Highway 90 W
Distance between this listing and this school10.63 miles
Public District Grades PK-5
Middle School
4
/10
Walton Middle School
625 Park Ave
Distance between this listing and this school3.41 miles
Public District Grades 6-8
6
/10
Freeport Middle School
360 Kylea Laird Dr
Distance between this listing and this school17.35 miles
Public District Grades 5-8
6
/10
Emerald Coast Middle School
4019 Us Hwy 98e
Distance between this listing and this school26.77 miles
Public District Grades 5-8
High School
5
/10
Walton High School
449 Walton Rd
Distance between this listing and this school1.64 miles
Public District Grades 9-12
8
/10
Freeport Senior High School
12615 Us Hwy 331 South
Distance between this listing and this school14.55 miles
Public District Grades 9-12
5
/10
Paxton School
21893 Us Highway 331 N
Distance between this listing and this school17.91 miles
Public District Grades PK-12
Assigned Schools
4
/10
Maude Saunders Elementary School
416 John Baldwin Rd
Distance between this listing and this school1.35 miles
Public District Grades PK-5
7
/10
West Defuniak Elementary School
815 Lincoln Ave
Distance between this listing and this school2.00 miles
Public District Grades PK-5
8
/10
Mossy Head School
13270 Us Highway 90 W
Distance between this listing and this school10.63 miles
Public District Grades PK-5
Assigned Schools
4
/10
Walton Middle School
625 Park Ave
Distance between this listing and this school3.41 miles
Public District Grades 6-8
6
/10
Freeport Middle School
360 Kylea Laird Dr
Distance between this listing and this school17.35 miles
Public District Grades 5-8
6
/10
Emerald Coast Middle School
4019 Us Hwy 98e
Distance between this listing and this school26.77 miles
Public District Grades 5-8
Assigned Schools
5
/10
Walton High School
449 Walton Rd
Distance between this listing and this school1.64 miles
Public District Grades 9-12
8
/10
Freeport Senior High School
12615 Us Hwy 331 South
Distance between this listing and this school14.55 miles
Public District Grades 9-12
5
/10
Paxton School
21893 Us Highway 331 N
Distance between this listing and this school17.91 miles
The neighbors living near this home have an average income of $39,276. The most common annual income of people living in Defuniak Springs, FL is less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1246 N US Highway 331
What is the listing price of this property?
The listing price of 1246 N US Highway 331 property is $774,000.
What type of property is this?
The property 1246 N US Highway 331 is land located in Defuniak Springs, Florida, 32433.
Is this property for sale now?
Active Listing: 1246 N US Highway 331 is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1246 N US Highway 331 are: Maude Saunders Elementary School: GreatSchools Rating 4/10West Defuniak Elementary School: GreatSchools Rating 7/10Mossy Head School: GreatSchools Rating 8/10Walton Middle School: GreatSchools Rating 4/10Freeport Middle School: GreatSchools Rating 6/10Emerald Coast Middle School: GreatSchools Rating 6/10Walton High School: GreatSchools Rating 5/10Freeport Senior High School: GreatSchools Rating 8/10Paxton School: GreatSchools Rating 5/10
How much acreage is this property?
The property 1246 N US Highway 331 is 10.00 acres.
Interested in 1246 N US Highway 331? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1246 N US Highway 331 in Defuniak Springs, FL and zip code 32433. This home sits on a 10.00 acre lot. It has been listed on Rocket Homes since June 27, 2023 and is currently priced at $774,000.
In March 2024, from all listings sold in Defuniak Springs, FL there were more than 0 sold above asking price, over 9 sold below and more than 4 were sold right at the asked price. Between February 2024 and March 2024, Defuniak Springs, FL real estate market has seen increase in the number of listings by 21.8%. The median list price of listings available in March 2024 was $259,900, while the average time on the real estate market was 105 days.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. All rights reserved.
Monster Trucks
Monster Trucks
NASCAR
Hunting
Wal-Mart
Dollar General
Academy Sports & Outdoors
Hardee's
Jimmy Johns
Applebees
Chevrolet
GMC
Ram
Country
New Country