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Bay 32407 Heritage VIllage
124 Heritage Circle
$295,000
● House - Off Market

124 Heritage Circle

Panama City Beach, FL 32407
bedrooms
3 Beds
bathrooms
2 Baths
$1,761
Est. Monthly
$150
HOA / Fees
9.31%
Cap Rate

About This Property

*Entered for comp purposes
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$110
HOA Dues
$150
Year Built
1988

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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 #985907)

Price History

Date / Event Date Event Price
Sep 5, 2025 Sold
Premium
Sold
Jun 7, 2025 Listed by Counts Real Estate Group Inc $305,500
Listed by Counts Real Estate Group Inc
Feb 23, 2017 Sold
Premium
Sold
Feb 1, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1998
  • 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: 9
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 475
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,715
  • Lot Size Depth Feet: 1,950
  • Lot Size Frontage Feet: 550
  • Total Building Area: 2,026
  • Gross Building Area: 2,026
  • Building Area: 1,551
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,551
  • 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 15 BLK A ORB 3876 P 2124

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Parcel: 27884-032-000
  • Block: A
  • Lot: 15
  • Meridian: SEC 32 TWN 03S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.191
  • Longitude: -85.7711

    Address

  • Full Address: 124 Heritage Cir
  • Address - House Number: 124
  • 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: 1,840
  • Tax Year: 2023
  • Tax Amount: $275,448
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2355
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 67
  • Final Value: 358,061
  • High Value: 442,411
  • Low Value: 273,711

    Market Valuation

  • Market Total Value: $224,766
  • Market Land Value: $62,938
  • Market Improvement Value: $161,828

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $211,136

    Sales

  • Current Sale Contract Date: Feb 17, 2017
  • Current Sale Recording Date: Feb 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017010359
  • Previous Sale Recording Date: Feb 01, 2012
  • Previous Sale Contract Date: Nov 14, 2011
  • Previous Sale Amount: $109,699
  • Previous Sale Document Type: 68
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

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ECAR

Listed by: Matthew J Anich, Counts Real Estate Group Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 985907
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 124 Heritage Circle built and last sold?
The property at 124 Heritage Circle was built in 1988 and last sold on Feb 17, 2017 for $193,000.
How much is this home worth?
The estimated value of the home located at 124 Heritage Circle is $0.
What are some comparable homes to 124 Heritage Circle?
There are currently no comparable homes to 124 Heritage Circle.
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