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Upper Grand Lagoon 32408 Bay Point
1013 Barracuda Drive
Photo of 1013 Barracuda Drive
Sold on Nov 3, 2022

52

Map

Photo of 1013 Barracuda Drive
Photo of 1013 Barracuda Drive
$495,000
● House - Off Market

1013 Barracuda Drive

Panama City Beach, FL 32408
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,278 Ft²
$522,374
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Currently under contract. Seller will consider back-up offers. This is a meticulously maintained and recently painted one level beauty in Bay Point. The 10 foot vaulted ceilings and remodeled kitchen with new cabinets, quartz counter tops and premium Kitchen-Aide Stainless appliances will WOW you.  NEW is everywhere including garage doors, lighting, ceiling fans, windows, insulation, bathroom flooring and glass shower doors.  The heated and cooled Florida room is sunny & bright with a deck outside the back door for grilling out.  EMERALD ZOYSIA LAWN. View the extensive green space & mature Oaks beyond as you sip your morning coffee. Bay Point is a gated, popular golf community in a great school district.  A brand new marina is close by and St Andrews State Park is only a 5 minute drive. ZONE X - (Flood Zone X)
Unit Size
2,278 Ft²
Days on Market
37 days
Land Size
0.36 acres
Price per sqft
$217
Property Type
House
Property Taxes
$195
HOA Dues
$110
Year Built
1991

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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: 27 days ago ( #731446)

Price History

Date / Event Date Event Price
Nov 4, 2022 Sold
Premium
Sold
Aug 27, 2022 Listed by ERA Neubauer Real Estate Inc $495,000
Listed by ERA Neubauer Real Estate Inc
Oct 19, 2016 Sold
Premium
Sold
Dec 3, 2015 Listed by ERA Neubauer Real Estate Inc $264,900
Listed by ERA Neubauer Real Estate Inc
Dec 2, 2015 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 2011
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 483
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,725
  • Lot Size Depth Feet: 1,970
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,711
  • Gross Building Area: 2,711
  • Building Area: 2,228
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,228
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY POINT
  • Land Acres: 0000000361
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: BAY POINT UNIT 1 LOT 237 ORB 4650 P 1521

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002608

Zoning

  • Zoning: BC15

Geography

  • Parcel: 30933-316-000
  • Lot: 237
  • Meridian: SEC 09 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.155
  • Longitude: -85.7402

    Address

  • Full Address: 1013 Barracuda Dr
  • Legal Unit: 1
  • Address - House Number: 1013
  • Address - Street Name: Barracuda
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C987
  • 4-Digit Zip Code: 7261
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 2,516
  • Tax Year: 2023
  • Tax Amount: $376,968
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2425
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 66
  • Final Value: 512,613
  • High Value: 636,941
  • Low Value: 388,285

    Market Valuation

  • Market Total Value: $423,296
  • Market Land Value: $99,027
  • Market Improvement Value: $324,269

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $337,350

    Sales

  • Current Sale Contract Date: Nov 01, 2022
  • Current Sale Recording Date: Nov 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 80632
  • Previous Sale Recording Date: Oct 19, 2016
  • Previous Sale Contract Date: Oct 14, 2016
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: 68
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 Bay Point

Stats & Trends

Median Asking:

$787,000

Sale Price/ft²

$296

Below Asking

0.03%

Average Days on Market

113

Average Home Size

2376 ft²

Average Home Age

40.6 years

Currently For Sale

21 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

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Frequently Asked Questions

When was property at 1013 Barracuda Drive built and last sold?
The property at 1013 Barracuda Drive was built in 1991 and last sold on Nov 1, 2022 for $495,000.
How much is this home worth?
The estimated value of the home located at 1013 Barracuda Drive is $504,163.
What are some comparable homes to 1013 Barracuda Drive?
There are currently no comparable homes to 1013 Barracuda Drive.
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