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Upper Grand Lagoon 32408 Bay Point
1430 Trout Drive
Photo of 1430 Trout Drive
Sold on Jun 26, 2014

25

Map

Photo of 1430 Trout Drive
Photo of 1430 Trout Drive
$435,000
● House - Off Market

1430 Trout Drive

Panama City Beach, FL 32408
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,803 Ft²
$882,902
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

With 158' of canal frontage, this unique Bay Point canal home has room to dock several boats. The home has been upgraded with new granite counter tops and new appliances. It has tile and hardwood floors in all areas except the bedrooms. Bay Point is a gated community with 24 hour roving security, 2 world class golf courses, 4 restaurants, clay tennis courts, an on-site Wyndham Resort and a deep water marina just minutes from the Gulf of Mexico.
Unit Size
2,803 Ft²
Days on Market
22 days
Land Size
-
Price per sqft
$169
Property Type
House
Property Taxes
-
HOA Dues
$110
Year Built
1981

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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 ( #618609)

Price History

Date / Event Date Event Price
Aug 12, 2020 Sold
Premium
Sold
Jun 16, 2020 No longer available -
No longer available
May 9, 2020 Listed by Bay Point Real Estate Co $685,000
Listed by Bay Point Real Estate Co
Aug 23, 2018 No longer available -
No longer available
Jul 2, 2018 Sold
Premium
Sold
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • 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
  • Garage Type: 1
  • Garage Square Area: 420
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 35
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,723
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,570
  • Total Building Area: 3,508
  • Gross Building Area: 3,508
  • Building Area: 3,088
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,088
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY POINT
  • Land Acres: 0000000338
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: BAY POINT UNIT 1 LOT 449 0RB 4286 P 34

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002608

Zoning

  • Zoning: BC15

Geography

  • Parcel: 30933-543-000
  • Lot: 449
  • Meridian: SEC 09 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1542
  • Longitude: -85.7463

    Address

  • Full Address: 1430 Trout Dr
  • Legal Unit: 1
  • Address - House Number: 1430
  • Address - Street Name: Trout
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C987
  • 4-Digit Zip Code: 7280
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 3,284
  • Tax Year: 2023
  • Tax Amount: $861,138
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2095
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 71
  • Final Value: 987,056
  • High Value: 1,193,935
  • Low Value: 780,177

    Market Valuation

  • Market Total Value: $709,150
  • Market Land Value: $370,553
  • Market Improvement Value: $338,597

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $667,148

    Sales

  • Current Sale Contract Date: Aug 12, 2020
  • Current Sale Recording Date: Aug 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020052864
  • Previous Sale Recording Date: Jul 02, 2018
  • Previous Sale Contract Date: Jun 29, 2018
  • Previous Sale Amount: $620,000
  • 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 Bay Point

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$338

Below Asking

0.03%

Average Days on Market

97

Average Home Size

2493 ft²

Average Home Age

40.6 years

Currently For Sale

21 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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Frequently Asked Questions

When was property at 1430 Trout Drive built and last sold?
The property at 1430 Trout Drive was built in 1981 and last sold on Aug 12, 2020 for $650,000.
How much is this home worth?
The estimated value of the home located at 1430 Trout Drive is $693,741.
What are some comparable homes to 1430 Trout Drive?
There are currently no comparable homes to 1430 Trout Drive.
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