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Bay 32407 Heritage VIllage
122 Heritage Circle
Photo of 122 Heritage Circle
Sold on Feb 28, 2023

24

Map

Photo of 122 Heritage Circle
Photo of 122 Heritage Circle
$300,000
● House - Off Market

122 Heritage Circle

Panama City Beach, FL 32407
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,243 Ft²
$333,312
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Motivated Seller! This charming, Panama City Beach home, located in ''Heritage Village: community could be your new primary or secondary residence. Short term and long-term rentals allowed. Convenient to the beach side and town side. This 3-bedroom, 2-bathroom home features newer LVP flooring and a new roof as of 2019! The home offers an open floor plan, equipped with a spacious living area, high ceilings, and an open kitchen with stainless steel refrigerator and dishwasher. The home features a two-car garage and much more! There is room in the large backyard to add a pool is desired. All measurements are approx. and should be verified if important.
Unit Size
1,243 Ft²
Days on Market
127 days
Land Size
0.25 acres
Price per sqft
$257
Property Type
House
Property Taxes
$82
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: 29 days ago ( #731241)

Price History

Date / Event Date Event Price
Mar 3, 2023 Sold
Premium
Sold
Aug 23, 2022 Listed by Coastal Heritage Real Estate LLC $319,000
Listed by Coastal Heritage Real Estate LLC
Jun 24, 2011 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 2008
  • 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: 475
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,715
  • Lot Size Depth Feet: 1,950
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,718
  • Gross Building Area: 1,718
  • Building Area: 1,243
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,243
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERITAGE VILLAGE
  • Land Acres: 0000000246
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: HERITAGE VILLAGE LOT 16 BLK A ORB 4663 P 314

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 57D
  • Parcel: 27884-034-000
  • Block: A
  • Lot: 16
  • Meridian: SEC 32 TWN 03S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.191
  • Longitude: -85.7709

    Address

  • Full Address: 122 Heritage Cir
  • Address - House Number: 122
  • Address - Street Name: Heritage
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Panama City Beach
  • Carrier Code: R036
  • 4-Digit Zip Code: 2702
  • Zip Code: 32407

Valuation

    Tax

  • Total Area: 1,540
  • Tax Year: 2023
  • Tax Amount: $244,655
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2435
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 65
  • Final Value: 289,162
  • High Value: 359,578
  • Low Value: 218,746

    Market Valuation

  • Market Total Value: $220,159
  • Market Land Value: $62,938
  • Market Improvement Value: $157,221

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $170,866

    Sales

  • Current Sale Contract Date: Feb 28, 2023
  • Current Sale Recording Date: Mar 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12678
  • Previous Sale Recording Date: Jun 24, 2011
  • Previous Sale Contract Date: Jun 20, 2011
  • Previous Sale Amount: $130,000
  • 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 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 122 Heritage Circle built and last sold?
The property at 122 Heritage Circle was built in 1988 and last sold on Feb 28, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 122 Heritage Circle is $321,144.
What are some comparable homes to 122 Heritage Circle?
There are currently no comparable homes to 122 Heritage Circle.
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