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Panama City 32405 Wainwright Park
1902 Brown Avenue
Photo of 1902 Brown Avenue
Sold on Nov 28, 2022

18

Map

Photo of 1902 Brown Avenue
Photo of 1902 Brown Avenue
$125,000
● House - Off Market

1902 Brown Avenue

Panama City, FL 32405
bedrooms
2 Beds
bathrooms
1 Bath
square feet
894 Ft²
$147,637
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

What a great opportunity to get into a VERY affordable home and make it your own! 2 bedroom, 1 bathroom with bonus room that has a fireplace all in the heart of Panama City. It needs some work but has great potential for the opportunity to rehab this home to live in or make a perfect rental with GCSC, restaurants, and schools close by! CASH ONLY/AS-IS ONLY call your favorite Realtor TODAY!
Unit Size
894 Ft²
Days on Market
26 days
Land Size
0.19 acres
Price per sqft
$156
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953

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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: 25 days ago ( #734192)

Price History

Date / Event Date Event Price
Nov 30, 2022 Sold
Premium
Sold
Oct 31, 2022 Listed by Horsley Real Estate Group $139,900
Listed by Horsley Real Estate Group

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,450
  • Lot Size Depth Feet: 1,210
  • Lot Size Frontage Feet: 700
  • Total Building Area: 894
  • Gross Building Area: 894
  • Building Area: 894
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 894
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WAINWRIGHT PARK
  • Land Acres: 0000000194
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: WAINWRIGHT PARK LOT 4 BLK 5 ORB 4635 P 280

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002400

Zoning

  • Zoning: PC03

Geography

  • Parcel: 28138-000-000
  • Block: 5
  • Lot: 4
  • Meridian: SEC 35 TWN 03S RNG 15W
  • Municipality: CITY OF PANAMA CITY
  • Latitude: 30.1833
  • Longitude: -85.7209

    Address

  • Full Address: 1902 Brown Ave
  • Address - House Number: 1902
  • Address - Street Name: Brown
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Panama City
  • Carrier Code: C002
  • 4-Digit Zip Code: 1130
  • Zip Code: 32405

Valuation

    Tax

  • Total Area: 945
  • Tax Year: 2023
  • Tax Amount: $194,925
  • Tax Rate Code Area: 016

    Appraisal Valuation

  • Standard Deviation: 0.2574
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 63
  • Final Value: 128,322
  • High Value: 161,365
  • Low Value: 95,279

    Market Valuation

  • Market Total Value: $108,312
  • Market Land Value: $27,927
  • Market Improvement Value: $80,385

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $108,312
  • Assessed Land Value: $27,927
  • Assessed Improvements Value: $80,385

    Sales

  • Current Sale Contract Date: Nov 28, 2022
  • Current Sale Recording Date: Nov 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 85302
  • Previous Sale Recording Date: May 18, 2007
  • Previous Sale Contract Date: May 17, 2007
  • 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 Wainwright Park

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

1904 ft²

Average Home Age

20 years

Currently For Sale

1 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 1902 Brown Avenue built and last sold?
The property at 1902 Brown Avenue was built in 1953 and last sold on Nov 28, 2022 for $125,000.
How much is this home worth?
The estimated value of the home located at 1902 Brown Avenue is $140,376.
What are some comparable homes to 1902 Brown Avenue?
There are currently no comparable homes to 1902 Brown Avenue.
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