For sale

Price cut: $16K (6/23)

$144,000

503 Martin Luther King Ave, Bonifay, FL 32425

3beds

1,080sqft

$991/mo

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Single Family Residence

Built in 1977

0.32 Acres Lot

$-- Zestimate^®

$133/sqft

$-- HOA

What's special

Plenty of landOne-of-a-kind brick home

INCOME PRODUCING ASSET! Space and Opportunity! An addition to your Real Estate Portfolio or perhaps breaking in as a first-time investor this asset has the best ROI and proven track record for residual rental income. Nestled on a substantial amount of private land gives space for opportunity! Create a Legacy with this one-of-a-kind brick home located in Bonifay, FL. Equipped with 3 spacious bedrooms, open living room space and plenty of LAND! Add this income producing asset to your portfolio today!

1 day

109

7

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Electric

Cooling

Ceiling Fan(s), Central Air, Electric

Appliances

Included: Other

Features

Flooring: Carpet

Interior area

Total structure area: 1,680
Total interior livable area: 1,080 sqft

Video & virtual tour

View virtual tour

Property

Parking

Parking features: Additional Spaces Available, Driveway
Has uncovered spaces: Yes

Features

Stories: 1
Entry location: First Floor Entry
Patio & porch: Open Porch
Exterior features: Room For Pool
Pool features: R30-No Pool/No Water
Has view: Yes
View description: None

Lot

Size: 0.32 Acres
Features: 1/4 To Less Than 1/2 Acre Lot

Details

Parcel number: 053104001030007000
Zoning: Residential
Other equipment: Other

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Brick
Roof: Shingle

Condition

Year built: 1977

Utilities & green energy

Sewer: Public Sewer
Water: Municipal Water

Community & HOA

Community

Features: None, No Subdiv/Park Info
Subdivision: None

HOA

Has HOA: No

Location

Region: Bonifay

Financial & listing details

Price per square foot: $133/sqft
Tax assessed value: $115,193
Annual tax amount: $2,380
Date on market: 8/11/2026
Listing terms: All Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/23/2026	Price change	$144,000-10%$133/sqft
Source: BeachesMLS #B26013555 Report a problem
4/9/2026	Listed for sale	$160,000+9.8%$148/sqft
Source: BeachesMLS #B26013555 Report a problem
5/13/2025	Sold	$145,700+13.1%$135/sqft
Source: Public Record Report a problem
2/22/2022	Sold	$128,800$119/sqft
Source: Public Record Report a problem
12/1/2021	Listed for sale	$128,800+134.2%$119/sqft
Source: CPAR #719674 Report a problem
11/18/2019	Sold	$55,000$51/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$2,017 +5%	$115,193 +6.4%
2023	$1,920 +148.9%	$108,282 +110.6%
2022	$771 +3.4%	$51,419 +6%
2021	$746 +3.9%	$48,515 +4.2%
2020	$718 +63.6%	$46,579 -19.8%
2019	$439 -0.1%	$58,087 +1.2%
2018	$439	$57,389 +3%
2017	$439	$55,717 +2.1%
2016	--	$54,571 +0.7%
2015	--	$54,192
2014	--	$54,192
2013	--	$54,192
2012	--	$54,192 +21.8%
2011	--	$44,508 +1.5%
2010	--	$43,850 +2.7%
2009	--	$42,697 +0.1%
2008	--	$42,654 +3%
2007	--	$41,412 +2.5%
2006	--	$40,402 +3%
2005	--	$39,225 +3%
2004	--	$38,083 +1.9%
2003	--	$37,373 +9.5%
2002	--	$34,119 +1.6%
2001	--	$33,582 +3%
2000	--	$32,604