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Upper Grand Lagoon 32407
1627 Acre Circle
$160,000
● Mobile Manufactured - Off Market

1627 Acre Circle

Panama City Beach, FL 32407
bedrooms
2 Beds
bathrooms
2 Baths
$1,201
Est. Monthly
$263
HOA / Fees
11.99%
Cap Rate

About This Property

*Entered for comp purposes
Unit Size
-
Days on Market
-
Land Size
0.08 acres
Price per sqft
-
Property Type
Mobile Manufactured
Property Taxes
$34
HOA Dues
$263
Year Built
1990

Payment Calculator

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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 #983889)

Price History

Date / Event Date Event Price
Jul 31, 2025 Sold
Premium
Sold
Jan 31, 2025 Listed by Counts Real Estate Group Inc $184,000
Listed by Counts Real Estate Group Inc
Oct 17, 2019 No longer available -
No longer available
Oct 16, 2019 Sold
Premium
Sold
Sep 16, 2019 Price Decreased $88,900
↓ $800K (90%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 3
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 98
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,441
  • Lot Size Depth Feet: 990
  • Lot Size Frontage Feet: 350
  • Total Building Area: 816
  • Gross Building Area: 816
  • Building Area: 816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 816
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GREENWOOD ACRES
  • Land Acres: 0000000079
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: 31 3S 15W -4.58- 57C1 COM AT SE COR OF N1/2 OF SW1/4 OF NE1/4 N 600.62 TO S LINE OF GEORGETTE RD W 221.60 S 222.63 FOR POB TH CONT S 35 NWLY 99.16 N 35 SELY 99.16 TO POB SUBJ TO ESMTS AKA PART OF LOTS 70 & 71 GREENWOOD ACRES UNREC ORB 4413 P 1591

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002609

Zoning

  • Zoning: BC18

Geography

  • Parcel: 27545-058-000
  • Lot: 70
  • Meridian: SEC 31 TWN 03S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1869
  • Longitude: -85.7832

    Address

  • Full Address: 1627 Acre Cir
  • Address - House Number: 1627
  • Address - Street Name: Acre
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Panama City Beach
  • Carrier Code: C083
  • 4-Digit Zip Code: 4240
  • Zip Code: 32407

Valuation

    Tax

  • Total Area: 816
  • Tax Year: 2023
  • Tax Amount: $37,422
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2556
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 63
  • Final Value: 159,719
  • High Value: 200,547
  • Low Value: 118,891

    Market Valuation

  • Market Total Value: $81,094
  • Market Land Value: $38,748
  • Market Improvement Value: $42,346

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $65,350

    Exemptions

  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 15, 2019
  • Current Sale Recording Date: Oct 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019090473
  • Previous Sale Recording Date: Feb 18, 2005
  • Previous Sale Contract Date: Feb 11, 2005
  • Previous Sale Amount: $84,000
  • 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 Upper Grand Lagoon

Stats & Trends

Median Asking:

$399,700

Sale Price/ft²

$237

Below Asking

0.02%

Average Days on Market

109

Average Home Size

1627 ft²

Average Home Age

26.1 years

Currently For Sale

259 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
Unit for rent at 9860 S South Thomas Drive, Panama City, FL, 32408

$2,500 /mo

  • 3 Beds
  • 2 Baths
9860 S South Thomas Drive #711, Panama City, FL, 32408 Listing by Courtney C Simonds

Rentals Near You

Click here to view more rentals in the neighborhood.
ECAR

Listed by: Angela R Turner, Counts Real Estate Group Inc
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 983889
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 1627 Acre Circle built and last sold?
The property at 1627 Acre Circle was built in 1990 and last sold on Oct 15, 2019 for $85,000.
How much is this home worth?
The estimated value of the home located at 1627 Acre Circle is $0.
What are some comparable homes to 1627 Acre Circle?
There are currently no comparable homes to 1627 Acre Circle.
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