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Upper Grand Lagoon 32408 Bay Point
1017 Barracuda Drive
Photo of 1017 Barracuda Drive
Sold on May 17, 2023

41

Map

Photo of 1017 Barracuda Drive
Photo of 1017 Barracuda Drive
$405,000
● House - Off Market

1017 Barracuda Drive

Panama City Beach, FL 32408
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,816 Ft²
$428,295
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Bay Point Gated Community! This well maintained ranch style home located in one of the most desirable neighborhoods in Panama City Beach is a winner! This wonderful home has been a second home for the seller since it was built, 3 bedrooms with 2.5 bathrooms features a large kitchen with Island, tile in all wet areas, WW carpet in the living area and bedrooms, a vaulted living room ceiling with beam, The master bedroom has two closets, and an ensuite. The home comes fully furnished with Mid-Century Modern style furniture. There is a very nice screened porch just off the dining room and a small patio outside for entertaining or that morning cup of coffee. The home backs up to greenspace, no neighbors directly behind. There is a a working central Vac, finished garage, sprinkler system on well New Roof in 2019
Unit Size
1,816 Ft²
Days on Market
63 days
Land Size
0.26 acres
Price per sqft
$234
Property Type
House
Property Taxes
$206
HOA Dues
$110
Year Built
1983

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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: 29 days ago ( #738798)

Price History

Date / Event Date Event Price
May 18, 2023 Sold
Premium
Sold
Mar 15, 2023 Listed by ERA Neubauer Real Estate, Inc $425,000
Listed by ERA Neubauer Real Estate, Inc

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 462
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,341
  • Total Building Area: 2,398
  • Gross Building Area: 2,398
  • Building Area: 1,936
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,936
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY POINT
  • Land Acres: 0000000214
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: BAY POINT UNIT 1 LOT 235 ORB 4690 P 1287

Neighborhood

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

Zoning

  • Zoning: BC15

Geography

  • Parcel: 30933-314-000
  • Lot: 235
  • Meridian: SEC 09 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1549
  • Longitude: -85.7407

    Address

  • Full Address: 1017 Barracuda Dr
  • Legal Unit: 1
  • Address - House Number: 1017
  • 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: 2,149
  • Tax Year: 2023
  • Tax Amount: $348,391
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 71
  • Final Value: 413,072
  • High Value: 499,741
  • Low Value: 326,404

    Market Valuation

  • Market Total Value: $332,779
  • Market Land Value: $99,027
  • Market Improvement Value: $233,752

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $230,679

    Sales

  • Current Sale Contract Date: May 17, 2023
  • Current Sale Recording Date: May 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 31081
  • Previous Sale Recording Date: Jan 15, 2016
  • Previous Sale Contract Date: Jan 08, 2016
  • 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 Bay Point

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$338

Below Asking

0.03%

Average Days on Market

97

Average Home Size

2493 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

Rentals Near You

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Frequently Asked Questions

When was property at 1017 Barracuda Drive built and last sold?
The property at 1017 Barracuda Drive was built in 1983 and last sold on May 17, 2023 for $405,000.
How much is this home worth?
The estimated value of the home located at 1017 Barracuda Drive is $432,546.
What are some comparable homes to 1017 Barracuda Drive?
There are currently no comparable homes to 1017 Barracuda Drive.
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