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1401 Gulf Avenue

1401 Gulf Avenue, Panama City, FL 32401
Property in Panama City
Sold Sep 01, 2020
$207,003
$942,000 by Greystone Servicing Company Ll
Mortgage Due Sep 01, 2030
Sold Feb 27, 2019
$675,000
Local assessors in Panama City, FL have categorized 1401 Gulf Avenue as a residential type of property. The home was built in 1996 and is 28 years old. The property's lot size has been calculated to be 34,586 square feet. The linear feet between the front and back of the lot was measured at 2,000 ft and the front of the lot was measured at 1,730 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1401 Gulf Avenue has a total of 7,152 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable or hip style roof that was made of materials that we aren't sure of. Lots of wood were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. The property was last sold in Aug 28, 2020 for $207,003. That's $28.94 per sqft. Prior to that sales transaction, the property was also sold in Jan 18, 2019 for $675,000. 1401 Gulf Avenue was last assessed in 2023. The total value of the property was assessed at $405,617. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $7,173. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Building Style: Duplex
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 8
  • Business/Commerical Units Count: 16
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 34,586
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,730
  • Total Building Area: 7,152
  • Gross Building Area: 7,152
  • Building Area: 7,152
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 7,152
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.794
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: 6 4S 14W -23- 55A BEG NE COR OF W 1/2 OF NE1/4 OF NW1/4 OF NE1/4 TH S 560 W 198 N 560 E 198 TO POB LESS E 25 R/W & LESS PCL 120X173 ORB 436 P 543. LESS AUTO SHACK PCL ORB 1570 P 1527 ORB 1615 P 58 ORB 4293 P 2383

Ownership

  • Current Owner : 1401 GULF AVE LLC
  • Previous Owner : THE GULF COAST PROPERTY GROUP LLC
  • Owner Before Previous Owner: COATNEY PATRICIA P
  • Owner Before Previous Owner 2: COATNEY PATRICIA P
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002200

Zoning

  • Zoning: PC09

Geography

  • Parcel: 18677-000-000
  • Meridian: SEC 06 TWN 04S RNG 14W
  • Municipality: CITY OF PANAMA CITY
  • Latitude: 30.1741
  • Longitude: -85.681

    Address

  • Full Address: 1401 Gulf Ave
  • Address - House Number: 1401
  • Address - Street Name: Gulf
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Panama City
  • Carrier Code: C014
  • 4-Digit Zip Code: 2088
  • Zip Code: 32401

Valuation

    Tax

  • Total Area: 7,152
  • Tax Year: 2023
  • Tax Amount: $7,173
  • Tax Rate Code Area: 016

    Appraisal Valuation

  • Standard Deviation: 0.1732
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 77
  • Final Value: 595,247
  • High Value: 698,383
  • Low Value: 492,111

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $942,000
  • First Open Lien Mortgage Lender: GREYSTONE SERVICING COMPANY LL
  • First Open Lien Mortgage Recording Date: Sep 01, 2020
  • First Open Lien Mortgage Loan Amount: $942,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2030

    Market Valuation

  • Market Total Value: $406,707
  • Market Land Value: $70,065
  • Market Improvement Value: $336,642

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $405,617

    Sales

  • Current Sale Contract Date: Aug 28, 2020
  • Current Sale Recording Date: Sep 01, 2020
  • Current Sale Transaction ID: 11788154637
  • Current Sale Price: $207,003
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 2020057779
  • Previous Sale Recording Date: Feb 27, 2019
  • Previous Sale Contract Date: Jan 18, 2019
  • Previous Sale Amount: $675,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: GREYSTONE SERVICING COMPANY LL
  • First Mortgage Transaction Date: Sep 01, 2020
  • First Mortgage Loan Amount: $942,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Sep 01, 2030

About Panama City



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Frequently Asked Questions

What neighborhood is 1401 Gulf Avenue located in?
The 1401 Gulf Avenue is a located in the neighborhood of Panama City in Panama City, Panama City.
What is the average sales price for listings in 1401 Gulf Avenue?
The average sales price for units in 1401 Gulf Avenue is $0 currently.

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