CENTURY 21 Edge
$144,000$160,0003 bd1.5 ba1,080 sqft$133 /sqft≈$1,270 /mo all-in ↓

503 Martin Luther King Junior Avenue, FL 32425, FL, 32425

Active130 days on marketListed Apr 8, 2026MLS #B26013555

✦ Reduced $16KSingle Family Residencen/a

About this home

503 Martin Luther King Junior Avenue, FL 32425

INVESTORS!! 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!

Facts & features

The home at a glance

3

Bedrooms

1.5

Bathrooms

1,080

Sqft

0.32 ac

Lot size

1977

Year built

1

Levels

$133

Per sqft

Pets allowed

Inside

FlooringCarpet · Vinyl · Wood
AppliancesElectric Water Heater · Electric Range
InteriorWalk-In Closet(s)
CoolingCeiling Fan(s) · Electric
HeatingCentral · Electric

Outside & construction

RoofComp Shingle Roof · Shingle
ConstructionBrick · Wood Siding
FacesSouth
ParkingDriveway
ExteriorBarbeque · None · Room For Pool

Community & fees

Taxes (2025)$2,380/yr
PetsYes

Utilities & systems

UtilitiesSewer Connected · Water Connected · Electricity Available · Sewer Available · Water Available
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$1,270 /mo · 3.5% down FHA, 30-yr fixed at 6%

Principal & interest$848
FHA mortgage insurance (est.)$64
Property tax — 2025 actual bill$198
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $5,040Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Get my real numbersCall

Run your own numbers

Loan type
Down payment3.5% · $5,040
Interest rate6.00%
Loan term

Estimated payment

$1,270/mo

Principal & interest$848
FHA mortgage insurance (est.)$64
Property taxes (actual bill)$198
Est. insurance$160

Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Reality check

What actually sold near 503 Martin Luther King Junior Avenue

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

206 WINSLOW AVENUESold · Dec ’25

$208,000

206 WINSLOW AVENUE · same community

3 bd · 1 ba · 1,066 sqft · $195/sqft · 134 DOM

#12 SENDEROS DEL VALLESold · Dec ’25

$161,000

#12 SENDEROS DEL VALLE · same community

3 bd · 2 ba · 1,114 sqft · $145/sqft · 131 DOM

16050 SE 27TH PLACE ROADSold · Dec ’25

$235,000

16050 SE 27TH PLACE ROAD · same community

2 bd · 1 ba · 891 sqft · $264/sqft · 0 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Jasmine Ince

Your agent

Jasmine Ince

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 503 Martin Luther King Junior Avenue — start here.

CallText
jasmine.ince@c21edge.com
Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 503 Martin Luther King Junior Avenue — before you fall in love.

Get pre-approvedCall
aacosta@prmg.net

See it in person

Schedule a tour

Live availability from Jasmine's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.

Straight answers

503 Martin Luther King Junior Avenue FAQs

What would the monthly payment be for 503 Martin Luther King Junior Avenue, FL 32425?+

With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,270/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 503 Martin Luther King Junior Avenue, FL 32425?+

The most recent tax bill on record (2025) was $2,380. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 503 Martin Luther King Junior Avenue, FL 32425?+

The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

IDX information is provided exclusively 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. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.

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503 Martin Luther King Junior Avenue, FL 32425, FL — 3 Bed, 1.5 Bath — $144,000 | CENTURY 21 Edge