Check Availability
Panama City 32401
1014 Mercedes Avenue
$255,000
↑ $15K (6.3%)
Land - For Sale

1014 Mercedes Avenue

Panama City, FL 32401
bedrooms
Studio
bathrooms
0 Bath
$1,495
Estimated Monthly
4.04%
Cap Rate

About This Property

**2.5 acres zoned Mixed Use 3 in City of Panama City centrally located! ** Survey (boundary, topographical, wetland) completed/available. Also the Environmental / Ecological Site Assessment and GEO-Technical Engineering Report have been completed.  Property zoned MU-3 -The purpose of this zoning district is to provide areas for medium- to high-density residential development, in combination with professional offices, educational, and low-intensity, neighborhood commercial uses. Multi-family structures, up to 20 units per acre. (see documents for zoning). Property being sold  as -is. *Information provided is deemed reliable but is not guaranteed and should be independently verified by the buyer*
Unit Size
-
Days on Market
153 days
Land Size
2.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$242
HOA Dues
-
Year Built
1985

Listed By

Last updated: 2 months ago (BCARFL #751602)

Price History

Date / Event Date Event Price
Apr 23, 2024 Price Increased $255,000
↑ $15K (6.3%)
Price Increased
Apr 19, 2024 Relisted $240,000
Relisted
Feb 9, 2024 In contract -
In contract
Jan 20, 2024 Listed by Overstreet Realty $240,000
Listed by Overstreet Realty
Dec 30, 2021 Sold $210,000
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 4
  • Full Bathrooms: 3
  • Building Quality: C
  • Exterior Walls Type: Combination
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Living Units: 1
  • Floor Cover: Vinyl
  • Basement Type: Unspecified basement
  • Basement Area: 1,147
  • Parking Type: Attached
  • Garage Type: Garage
  • Garage Square Area: 786
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 108,900
  • Lot Size Depth Feet: 3,300
  • Lot Size Frontage Feet: 3,300
  • Total Building Area: 4,695
  • Gross Building Area: 7,149
  • Building Area: 4,695
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 4,695
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: GLENWOOD ADD
  • Land Acres: 2.5
  • Standard Land Use Code: Commercial-vacant land
  • Legal Description 1: 4 4S 14W -76- 69A BEG 60 E OF NE COR OF BLK 1 GLENWOOD ADD TH S 330 EAST TO BAYOU NLY 330 M/L TO THE SLY R/W OF 11TH ST TH RUN WLY TO POB ORB 4505 P 2299

Ownership

  • Current Owner : HARMON AVENUE REDEVELOPMENT LLC
  • Previous Owner : RABY JUSTIN
  • Owner Before Previous Owner: BROWN KENNETH E
  • Owner Before Previous Owner 2: BROWN ROSE MARIE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 001600

Zoning

  • Zoning: PC05

Geography

  • Parcel: 16536-000-000
  • Block: 1
  • Lot: 18
  • Meridian: SEC 04 TWN 04S RNG 14W
  • Municipality: CITY OF PANAMA CITY
  • Latitude: 30.1674
  • Longitude: -85.6457

    Address

  • Full Address: 1014 Mercedes Ave
  • Address - House Number: 1014
  • Address - Street Name: Mercedes
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Panama City
  • Carrier Code: C016
  • 4-Digit Zip Code: 3477
  • Zip Code: 32401

Valuation

    Tax

  • Total Area: 5,574
  • Tax Year: 2023
  • Tax Amount: $2,909
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 016

    Market Valuation

  • Market Total Value: $170,000
  • Market Land Value: $170,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $170,000
  • Assessed Land Value: $170,000

    Sales

  • Current Sale Contract Date: Dec 29, 2021
  • Current Sale Recording Date: Dec 30, 2021
  • Current Sale Transaction ID: 11876739541
  • Current Sale Price: $210,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021098838
  • Previous Sale Recording Date: Mar 26, 2020
  • Previous Sale Contract Date: Mar 25, 2020
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: RABY JUSTIN
  • First Mortgage Transaction Date: Dec 30, 2021
  • First Mortgage Loan Amount: $160,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: May 01, 2023

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,268 ft²
$126/ft²
$160,000 Nov 24, 2023
$160,000 Feb 28, 2024
$95/mo
House
3 Beds
2 Baths
1,144 ft²
$205/ft²
$235,000 Feb 1, 2024
-
$29/mo
House
3 Beds
2 Baths
1,173 ft²
$200/ft²
$235,000 Apr 9, 2024
-
$30/mo
Condo
2 Beds
2 Baths
1,232 ft²
$199/ft²
$244,900 Feb 6, 2024
-
$230/mo
Condo
2 Beds
2 Baths
1,232 ft²
$199/ft²
$244,900 Jan 30, 2024
-
$1,734/mo
Condo
2 Beds
2 Baths
844 ft²
$302/ft²
$254,900 Feb 28, 2024
-
$224/mo
House
3 Beds
2 Baths
1,352 ft²
$192/ft²
$259,900 Jan 10, 2024
-
$297/mo
House
3 Beds
2 Baths
1,054 ft²
$204/ft²
$215,000 Mar 1, 2024
-
-
House
3 Beds
2 Baths
1,213 ft²
$218/ft²
$265,000 Aug 31, 2023
-
$213/mo
Condo
1 Bed
1 Bath
817 ft²
$245/ft²
$199,999 Feb 6, 2024
-
-
Condo
1 Bed
1 Bath
695 ft²
$288/ft²
$199,999 Dec 16, 2023
-
$960/mo
House
2 Beds
1 Bath
978 ft²
$203/ft²
$199,000 Apr 10, 2024
-
$14/mo

About Panama City


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Nearby Rentals



Frequently Asked Questions

When was property at 1014 Mercedes Avenue built and last sold?
The property at 1014 Mercedes Avenue was built in 1985 and last sold on Dec 29, 2021 for $210,000.
How much is this home worth?
The estimated value of the home located at 1014 Mercedes Avenue is $242,400.
What are some comparable homes to 1014 Mercedes Avenue?
Homes that are comparable to 1014 Mercedes Avenue include a condo property at 1320 East Highway 98, 1320 U.S. 98 Alternate, 618 Cactus Avenue.

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