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Upper Grand Lagoon 32408 Bay Point
187 Marlin Circle
Photo of 187 Marlin Circle
Sold on Mar 31, 2021

37

Map

Photo of 187 Marlin Circle
Photo of 187 Marlin Circle
$375,000
● House - Off Market

187 Marlin Circle

Panama City Beach, FL 32408
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,002 Ft²
$478,614
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Welcome to 187 Marlin Circle! Spacious 3/3 floor plan located on a large corner lot in the much sought after Bay Point neighborhood in the heart of Panama City Beach. Upon entering the home you are greeted with an open living/dining area with two brand new sliding glass doors leading out to your oversized backyard. Located right off the living room is a kitchen with stainless appliances. The master bedroom features adequate space and updated master bathroom. Master bathroom features marble tile shower with top of the line Delta fixtures, floor to ceiling glass enclosure and marble vanity countertop. Other features include: 2 car garage, new roof in 2019, new A/C in 2019, new gutters in 2020, new blow-in insulation in 2020, new landscaping in 2019, fresh interior paint and 2 year exterior.
Unit Size
2,002 Ft²
Days on Market
57 days
Land Size
0.29 acres
Price per sqft
$192
Property Type
House
Property Taxes
$190
HOA Dues
$110
Year Built
1978

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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: 29 days ago ( #706013)

Price History

Date / Event Date Event Price
Aug 4, 2022 No longer available -
No longer available
Aug 2, 2022 Sold
Premium
Sold
Jul 22, 2022 In contract -
In contract
Jul 6, 2022 Listed by Seltzer Real Estate, LLC $569,000
Listed by Seltzer Real Estate, LLC
Mar 31, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 2008
  • 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: 7
  • 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: 460
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,022
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 830
  • Total Building Area: 2,462
  • Gross Building Area: 2,462
  • Building Area: 2,002
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,002
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY POINT
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: BAY POINT UNIT 1 LOT 138 ORB 4594 P 710

Neighborhood

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

Zoning

  • Zoning: BC15

Geography

  • Parcel: 30933-185-000
  • Lot: 138
  • Meridian: SEC 09 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1561
  • Longitude: -85.7367

    Address

  • Full Address: 187 Marlin Cir
  • Legal Unit: 1
  • Address - House Number: 187
  • Address - Street Name: Marlin
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Panama City
  • Carrier Code: C987
  • 4-Digit Zip Code: 7213
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 2,326
  • Tax Year: 2023
  • Tax Amount: $492,671
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2308
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 67
  • Final Value: 513,306
  • High Value: 631,823
  • Low Value: 394,789

    Market Valuation

  • Market Total Value: $390,855
  • Market Land Value: $99,027
  • Market Improvement Value: $291,828

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $390,855
  • Assessed Land Value: $99,027
  • Assessed Improvements Value: $291,828

    Sales

  • Current Sale Contract Date: Aug 02, 2022
  • Current Sale Recording Date: Aug 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 56998
  • Previous Sale Recording Date: Mar 31, 2021
  • Previous Sale Contract Date: Mar 29, 2021
  • Previous Sale Amount: $375,000
  • 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

Rentals Near You

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Frequently Asked Questions

When was property at 187 Marlin Circle built and last sold?
The property at 187 Marlin Circle was built in 1978 and last sold on Aug 2, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 187 Marlin Circle is $565,390.
What are some comparable homes to 187 Marlin Circle?
There are currently no comparable homes to 187 Marlin Circle.
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