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Upper Grand Lagoon 32407 Bayside Park
1029 BAY
Photo of 1029 BAY
Sold on Sep 18, 2018

13

Map

Photo of 1029 BAY
Photo of 1029 BAY
$150,000
● Land - Off Market

1029 BAY

Panama City Beach, FL 32407
bedrooms
Studio
bathrooms
0 Bath
$285,150
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

One of the Best Views in Bay County! This is a rare find, stunning waterfront under $199K. Take advantage of this changing neighborhood. Major infrastructure to be completed in two months, will make the road so much easier. Water and sewer available. Waterfront, build a huge dock and be the envy of many. Great views of the Hathaway Bridge at night. Minutes from the Navy Base.
Unit Size
-
Days on Market
214 days
Land Size
0.11 acres
Price per sqft
-
Property Type
Land
Property Taxes
$157
HOA Dues
-
Year Built
1982

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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 ( #668177)

Price History

Date / Event Date Event Price
Sep 20, 2018 Sold
Premium
Sold
Feb 1, 2018 Listed by Thompson Trust Realty Inc $188,500
Listed by Thompson Trust Realty Inc
Jul 1, 2017 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 14
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • 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: 5
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,400
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 480
  • Total Building Area: 1,534
  • Building Area: 1,198
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,198
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: BAYSIDE PARK
  • Land Acres: 0000000193
  • Standard Land Use Code: 8001
  • County Land Use Code: 000070
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: BAYSIDE PARK UNIT 1 REPLAT LOT 5 BLK C & BEG AT SELY COR OF LOT 5 TH NE 44.70 E 47.83 SW 48.53 W 39.34 TO POB ORB 4049 P 1351

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002609

Zoning

  • Zoning: BC16

Geography

  • Parcel: 27344-185-000
  • Block: C
  • Lot: 5
  • Meridian: SEC 28 TWN 03S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.2009
  • Longitude: -85.7472

    Address

  • Full Address: 1029 Bay Cir
  • Legal Unit: 1
  • Address - House Number: 1029
  • Address - Street Name: Bay
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Panama City Beach
  • Carrier Code: C007
  • 4-Digit Zip Code: 8531
  • Zip Code: 32407

Valuation

    Tax

  • Total Area: 1,370
  • Tax Year: 2023
  • Tax Amount: $209,880
  • Tax Rate Code Area: 056

    Market Valuation

  • Market Total Value: $182,863
  • Market Land Value: $167,000
  • Market Improvement Value: $15,863

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $156,157

    Sales

  • Current Sale Contract Date: Aug 14, 2018
  • Current Sale Recording Date: Sep 20, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018056704
  • Previous Sale Recording Date: Jul 01, 2017
  • Previous Sale Contract Date: Jul 01, 2017
  • Previous Sale Amount: $100
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Bayside Park

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$309

Below Asking

0.08%

Average Days on Market

127

Average Home Size

2118 ft²

Average Home Age

2 years

Currently For Sale

1 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 6950 Hwy 98 W, Panama City, FL, 32407

$1,079 /mo

  • 2 Beds
  • 2 Baths
6950 Hwy 98 W, Panama City, FL, 32407 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 1029 Bay Circle built and last sold?
The property at 1029 Bay Circle was built in 1982 and last sold on Aug 14, 2018 for $150,000.
How much is this home worth?
The estimated value of the home located at 1029 Bay Circle is $190,385.
What are some comparable homes to 1029 Bay Circle?
There are currently no comparable homes to 1029 Bay Circle.
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