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Bay 32405 Lake Marin
232 Lakeridge Drive
Photo of 232 Lakeridge Drive
Sold on Nov 30, 2022

45

Map

Photo of 232 Lakeridge Drive
Photo of 232 Lakeridge Drive
$315,000
● House - Off Market

232 Lakeridge Drive

Panama City, FL 32405
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,587 Ft²
$342,973
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

1 Year Home Warranty included! Immaculate home located on Lake Marin. This home truly is move in ready! Completely redone, New composite shingle roof, HVAC, soft-close shaker cabinets with quartz countertops, black S/S appliances, and luxury , tiled master shower, Centrally located with 50ft of Water frontage! Enjoy Sunset views every day from the covered back patio or on the private dock. Super low maintenance with lawn care and pest control included in the HOA. You can go fishing, Kayaking, or swimming in the lake. This home has been very well maintained and cared for. Irrigation system in place and fencing for your pets.
Unit Size
1,587 Ft²
Days on Market
49 days
Land Size
0.15 acres
Price per sqft
$205
Property Type
House
Property Taxes
$163
HOA Dues
$90
Year Built
1999

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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: 26 days ago ( #733309)

Price History

Date / Event Date Event Price
Dec 5, 2022 Sold
Premium
Sold
Oct 11, 2022 Listed by Think Real Estate $325,000
Listed by Think Real Estate
Mar 22, 2021 Sold
Premium
Sold
Feb 11, 2021 No longer available -
No longer available
Feb 5, 2021 Listed by Think Real Estate $264,000
Listed by Think Real Estate
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2019
  • 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: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 9

    Dimensions

  • Lot Size Square Feet: 6,490
  • Total Building Area: 1,987
  • Gross Building Area: 1,987
  • Building Area: 1,587
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,587
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE MARIN SUB
  • Land Acres: 0000000149
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: LAKE MARIN SUB 103C LOT 3 ORB 4636 P 1885

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 001501

Zoning

  • Zoning: BC15

Geography

  • Parcel: 11822-703-000
  • Lot: 3
  • Meridian: SEC 21 TWN 03S RNG 14W
  • Municipality: FIRE COUNTY MOSQUITO
  • Latitude: 30.2099
  • Longitude: -85.654

    Address

  • Full Address: 232 Lakeridge Dr
  • Address - House Number: 232
  • Address - Street Name: Lakeridge
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C017
  • 4-Digit Zip Code: 4267
  • Zip Code: 32405

Valuation

    Tax

  • Total Area: 1,877
  • Tax Year: 2023
  • Tax Amount: $293,786
  • Tax Rate Code Area: 055

    Appraisal Valuation

  • Standard Deviation: 0.251
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 64
  • Final Value: 346,890
  • High Value: 433,961
  • Low Value: 259,818

    Market Valuation

  • Market Total Value: $270,464
  • Market Land Value: $74,800
  • Market Improvement Value: $195,664

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $270,464
  • Assessed Land Value: $74,800
  • Assessed Improvements Value: $195,664

    Sales

  • Current Sale Contract Date: Nov 30, 2022
  • Current Sale Recording Date: Dec 05, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 86417
  • Previous Sale Recording Date: Mar 22, 2021
  • Previous Sale Contract Date: Mar 19, 2021
  • Previous Sale Amount: $260,000
  • 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 St. Andrews Bay

Stats & Trends

Median Asking:

$330,895

Sale Price/ft²

$185

Below Asking

0.02%

Average Days on Market

89

Average Home Size

1933 ft²

Average Home Age

19.1 years

Currently For Sale

217 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 2807 Gordon Street N, PANAMA CITY, FL, 32405

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 2,118 ft²
2807 Gordon Street N, PANAMA CITY, FL, 32405 Listing by Abel Henriquez

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 232 Lakeridge Drive built and last sold?
The property at 232 Lakeridge Drive was built in 1999 and last sold on Nov 30, 2022 for $315,000.
How much is this home worth?
The estimated value of the home located at 232 Lakeridge Drive is $324,344.
What are some comparable homes to 232 Lakeridge Drive?
There are currently no comparable homes to 232 Lakeridge Drive.
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