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Laguna Beach 32413
116 Southfields Road
$855,000
● House - Off Market

116 Southfields Road

Panama City Beach, FL 32413
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,680 Ft²
$889,233
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

SHORT TERM RENTAL ALLOWED PROJECTIONS AT $120K-HOUSE HAS JUST FINISHED A FULL REMODEL FROM HEAD TO TOE! IDEAL VACATION HOME OR RENTAL PROPERTY ON THE WEST END OF PANAMA CITY BEACH. THIS THREE STORY BEACH HOME HAS A BEAUTIFUL GULF VIEW FROM THE MASTER SUITE, PARTIAL GULF VIEW FROM DINING/KITCHEN AREA. DOUBLE DOORS OPEN TO A NICE BALCONY OVERLOOKING THE POOL AREA, LARGE BRAND NEW KITCHEN/DINING ROOM IS ON THE SECOND FLOOR WITH A BEDROOM AND NEW FULL BATH. FIRST FLOOR CONSISTS OF GREAT ROOM, BEDROOM AND FULL BATH. DOUBLE DOORS LEAD FROM THE GREAT ROOM TO THE HEATED IN-GROUND POOL. THERE IS ADEQUATE PARKING IN THE REAR OF THE HOME. HOME IS PART OF SUNSET VILLAS HOMEOWNERS ASSOCIATION
Unit Size
1,680 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$509
Property Type
House
Property Taxes
$167
HOA Dues
$750
Year Built
2000

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (ECAR MLS #897292)

Price History

Date / Event Date Event Price
Sep 28, 2022 Sold
Premium
Sold
Apr 30, 2022 Listed by EXP Realty LLC $855,000
Listed by EXP Realty LLC
Feb 3, 2022 Sold
Premium
Sold
Dec 1, 2011 Sold
Premium
Sold
May 22, 2009 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2015
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 63
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,611
  • Lot Size Depth Feet: 600
  • Lot Size Frontage Feet: 270
  • Total Building Area: 1,680
  • Gross Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TREASURE ISLAND
  • Land Acres: 0000000037
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: 5 3S 17W -2.42C- COM AT NW COR OF E 1/2 OF GOVT LT 3 TH S 464.7 TO NLY R/W LN OF HWY 98 TH SE 642.77 N 122.68 FOR POB TH W 26.82 N 62.58 SE 29.14 S 51.24 TO POB TOG W/ ESMT FOR ING/EGR ORB 4640 P 1272

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002707

Zoning

  • Zoning: BC04

Geography

  • Assessors Map Reference: MAP 6A4
  • Parcel: 36071-041-030
  • Lot: 3
  • Meridian: SEC 05 TWN 03S RNG 17W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.2579
  • Longitude: -85.9647

    Address

  • Full Address: 116 Southfields Rd
  • Address - House Number: 116
  • Address - Street Name: Southfields
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Panama City Beach
  • Carrier Code: R022
  • 4-Digit Zip Code: 3206
  • Zip Code: 32413

Valuation

    Tax

  • Total Area: 1,740
  • Tax Year: 2023
  • Tax Amount: $746,932
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.0978
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 953,961
  • High Value: 1,047,262
  • Low Value: 860,660

    Market Valuation

  • Market Total Value: $594,222
  • Market Land Value: $199,200
  • Market Improvement Value: $395,022

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $594,222
  • Assessed Land Value: $199,200
  • Assessed Improvements Value: $395,022

    Sales

  • Current Sale Contract Date: Sep 16, 2022
  • Current Sale Recording Date: Sep 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 70892
  • Previous Sale Recording Date: Feb 03, 2022
  • Previous Sale Contract Date: Jan 14, 2022
  • Previous Sale Amount: $470,000
  • 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 Laguna Beach

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$465

Below Asking

0.03%

Average Days on Market

118

Average Home Size

1733 ft²

Average Home Age

27.8 years

Currently For Sale

154 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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ECAR

Listed by: Matthew G Gardner, EXP Realty LLC
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 897292
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 116 Southfields Road built and last sold?
The property at 116 Southfields Road was built in 2000 and last sold on Sep 16, 2022 for $840,000.
How much is this home worth?
The estimated value of the home located at 116 Southfields Road is $859,434.
What are some comparable homes to 116 Southfields Road?
There are currently no comparable homes to 116 Southfields Road.
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