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Panama City 32405 Forest Park
1008 Amherst Road
Photo of 1008 Amherst Road
Sold on Oct 28, 2022

26

Map

Photo of 1008 Amherst Road
Photo of 1008 Amherst Road
$140,000
● House - Off Market

1008 Amherst Road

Panama City, FL 32405
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,544 Ft²
$172,653
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Investor Opportunity!!! This Hurricane Michael damaged home has so many possibilities. There is a 1 bedroom, 1 bath livable apartment (perfect as a mother in law suite or a rental) and a 2 bedroom 2 bath main house that needs to be completed. Complete with a large lot, horseshoe driveway, big back yards, sheds, metal roof, and so much more on this gem. All sizes/info/measurements approx; please verify if important.
Unit Size
1,544 Ft²
Days on Market
32 days
Land Size
0.28 acres
Price per sqft
$107
Property Type
House
Property Taxes
$23
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 17 days ago ( #732674)

Price History

Date / Event Date Event Price
Nov 2, 2022 Sold
Premium
Sold
Sep 26, 2022 Listed by Keller Williams Success Realty $165,000
Listed by Keller Williams Success Realty
Aug 20, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 94
  • Porch Type: 98
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,371
  • Lot Size Depth Feet: 1,460
  • Lot Size Frontage Feet: 850
  • Total Building Area: 1,544
  • Gross Building Area: 1,544
  • Building Area: 1,544
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,544
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 4TH ADD FOREST PARK
  • Land Acres: 0000000284
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: 4TH ADD FOREST PARK MAP 91B4 LOT 14 BLK N ORB 4627 P 842

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 001502

Zoning

  • Zoning: RLD1

Geography

  • Assessors Map Reference: MAP 91B4
  • Parcel: 13517-000-000
  • Block: N
  • Lot: 14
  • Meridian: SEC 30 TWN 03S RNG 14W
  • Municipality: CITY OF PANAMA CITY
  • Latitude: 30.1955
  • Longitude: -85.6764

    Address

  • Full Address: 1008 Amherst Rd
  • Address - House Number: 1008
  • Address - Street Name: Amherst
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Panama City
  • Carrier Code: C003
  • 4-Digit Zip Code: 3406
  • Zip Code: 32405

Valuation

    Tax

  • Total Area: 1,731
  • Tax Year: 2023
  • Tax Amount: $186,698
  • Tax Rate Code Area: 016

    Appraisal Valuation

  • Standard Deviation: 0.2614
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 62
  • Final Value: 207,309
  • High Value: 261,511
  • Low Value: 153,107

    Market Valuation

  • Market Total Value: $99,177
  • Market Land Value: $40,000
  • Market Improvement Value: $59,177

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $99,177
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $59,177

    Sales

  • Current Sale Contract Date: Oct 28, 2022
  • Current Sale Recording Date: Nov 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 80100
  • Previous Sale Recording Date: Aug 20, 2012
  • Previous Sale Contract Date: Aug 16, 2012
  • Previous Sale Amount: $77,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About St. Andrews Bay

Stats & Trends

Median Asking:

$329,900

Sale Price/ft²

$186

Below Asking

0.02%

Average Days on Market

89

Average Home Size

1896 ft²

Average Home Age

18.2 years

Currently For Sale

220 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 265 W 15th St, Panama City, FL, 32401

$1,094 /mo

  • 2 Beds
  • 2 Baths
265 W 15th St, Panama City, FL, 32401 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 1008 Amherst Road built and last sold?
The property at 1008 Amherst Road was built in 1962 and last sold on Oct 28, 2022 for $140,000.
How much is this home worth?
The estimated value of the home located at 1008 Amherst Road is $171,173.
What are some comparable homes to 1008 Amherst Road?
There are currently no comparable homes to 1008 Amherst Road.
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