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1861 Martin Luther King Junior Boulevard

1861 Martin Luther King Junior Boulevard, Panama City, FL 32405
Commercial in Panama City
Local assessors in Panama City, FL have categorized 1861 Martin Luther King Junior Boulevard as a vacant type of property. The property's lot size has been calculated to be 234,352 square feet.

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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1861 Martin Luther King Junior Boulevard sold most recently in Aug 10, 2021 for a total of $275,000. Before that, the property was also sold for $180,000 in Feb 25, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,590 in taxes each year. The initial year of tax delinquency occurred in 2021. 1861 Martin Luther King Junior Boulevard was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $212,700. If we break it down further, the land itself was valued at $212,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210304
03/04/2021
Loft
-
-
$325,000
bedrooms
Loft
bathrooms
-
$275,000 -15.38%
08/12/2021
-
Thomas Bachelder

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 234,352
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Vacant
  • Subdivision: COASTAL LAND 3RD & 4TH ADD
  • Land Acres: 5.38
  • Standard Land Use Code: Commercial-vacant land
  • State Land Use Code: Miscellaneous (general)
  • Legal Description 1: 33 3S 14W 6AC -68- MAP 104C3 NE1/4 OF SW1/4 LYING S & E OF RR LESS COASTAL LAND 3RD & 4TH ADD & -68.1- & LESS PRCLS ORB 4446 P 2011

Ownership

  • Current Owner : PREFERRED COASTAL PROPERTIES LLC
  • Previous Owner : TRP PROPERTY GROUP LLC
  • Owner Before Previous Owner: FIRST UNITED METHODIST CHR OF PANAMA CIT
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 001502

Zoning

  • Zoning: PC09

Geography

  • Assessors Map Reference: MAP 104C3
  • Parcel: 14476-000-000
  • Meridian: SEC 33 TWN 03S RNG 14W
  • Municipality: CITY OF PANAMA CITY
  • Latitude: 30.1807
  • Longitude: -85.6516

    Address

  • Full Address: 1861 Martin Luther King Jr Blvd
  • Address - House Number: 1861
  • Address - Street Name: Martin Luther King Jr
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Panama City
  • Zip Code: 32405

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,590
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 016

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $192,500
  • First Open Lien Mortgage Lender: PEOPLESSOUTH BANK
  • First Open Lien Mortgage Recording Date: Aug 12, 2021
  • First Open Lien Mortgage Loan Amount: $192,500
  • First Open Lien Mortgage Term: 36
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 10, 2024

    Market Valuation

  • Market Total Value: $212,700
  • Market Land Value: $212,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $212,700
  • Assessed Land Value: $212,700

    Sales

  • Current Sale Contract Date: Aug 10, 2021
  • Current Sale Recording Date: Aug 12, 2021
  • Current Sale Transaction ID: 11850677426
  • Current Sale Price: $275,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021062165
  • Previous Sale Recording Date: Mar 13, 2019
  • Previous Sale Contract Date: Feb 25, 2019
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PEOPLESSOUTH BANK
  • First Mortgage Transaction Date: Aug 12, 2021
  • First Mortgage Loan Amount: $192,500
  • First Mortgage Terms: 36
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Aug 10, 2024

    Previous Mortgages

  • Previous Mortgage Lender: INNOVATIONS FCU
  • Previous Mortgage Transaction Date: Mar 13, 2019
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $126,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Feb 25, 2034

About Panama City



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1861 Martin Luther King Junior Boulevard located in?
The 1861 Martin Luther King Junior Boulevard is a commercial located in the neighborhood of Panama City in Panama City, Panama City.
What is the average sales price for listings in 1861 Martin Luther King Junior Boulevard?
The average sales price for units in 1861 Martin Luther King Junior Boulevard is $325,000 currently.

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