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Bay 32407 Heritage VIllage
121 HERITAGE Circle
Photo of 121 HERITAGE Circle
Sold on Dec 21, 2018

20

Map

Photo of 121 HERITAGE Circle
Photo of 121 HERITAGE Circle
$205,000
● House - Off Market

121 HERITAGE Circle

Panama City Beach, FL 32407
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,090 Ft²
$319,494
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Great 3 bedroom 2 bath home located close to the Navy Base. The kitchen has all electric appliances. Nice covered patio out back for relaxing. The backyard is completely fenced and landscaped. This property is equipped with a whole house generator and has been meticulously maintained.  Come and see today.
Unit Size
1,090 Ft²
Days on Market
89 days
Land Size
0.13 acres
Price per sqft
$193
Property Type
House
Property Taxes
$72
HOA Dues
$13
Year Built
1988

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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: 3 months ago ( #676655)

Price History

Date / Event Date Event Price
Mar 21, 2022 Sold
Premium
Sold
Mar 19, 2022 No longer available -
No longer available
Feb 16, 2022 In contract -
In contract
Feb 12, 2022 Listed by Counts Real Estate Group Inc $300,000
Listed by Counts Real Estate Group Inc
Dec 26, 2018 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • 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: 288
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,488
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,378
  • Gross Building Area: 1,378
  • Building Area: 1,090
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,090
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERITAGE VILLAGE
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: HERITAGE VILLAGE LOT 7 BLK B ORB 4539 P 436

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002710

Zoning

  • Zoning: R1

Geography

  • Parcel: 27884-070-000
  • Block: B
  • Lot: 7
  • Meridian: SEC 32 TWN 03S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1905
  • Longitude: -85.7709

    Address

  • Full Address: 121 Heritage Cir
  • Address - House Number: 121
  • Address - Street Name: Heritage
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Panama City Beach
  • Carrier Code: R036
  • 4-Digit Zip Code: 2703
  • Zip Code: 32407

Valuation

    Tax

  • Total Area: 1,284
  • Tax Year: 2023
  • Tax Amount: $271,314
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2435
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 65
  • Final Value: 278,218
  • High Value: 345,969
  • Low Value: 210,467

    Market Valuation

  • Market Total Value: $252,843
  • Market Land Value: $62,938
  • Market Improvement Value: $189,905

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $252,843
  • Assessed Land Value: $62,938
  • Assessed Improvements Value: $189,905

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 17, 2022
  • Current Sale Recording Date: Mar 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20586
  • Previous Sale Recording Date: Dec 26, 2018
  • Previous Sale Contract Date: Dec 21, 2018
  • Previous Sale Amount: $205,000
  • Previous Sale Document Type: 71

    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 Heritage VIllage

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$195

Below Asking

0.02%

Average Days on Market

78

Average Home Size

581 ft²

Average Home Age

37.3 years

Currently For Sale

0 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 121 Heritage Circle built and last sold?
The property at 121 Heritage Circle was built in 1988 and last sold on Mar 17, 2022 for $292,500.
How much is this home worth?
The estimated value of the home located at 121 Heritage Circle is $299,433.
What are some comparable homes to 121 Heritage Circle?
There are currently no comparable homes to 121 Heritage Circle.
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