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2518 Michigan Court

2518 Michigan Court, Panama City, FL 32405
Property in Michigan Court
Sold Sep 22, 2017
$98,900
$97,108 by Caliber Home Loans Inc
Mortgage Due Oct 01, 2047
Sold Dec 10, 2004
$89,000
$71,200 by Regions Mortgage
Mortgage Due Jan 01, 2035
2518 Michigan Court in Panama City, FL was first built in 1987 and is 37 years old. Although, the building on the property was most recently renovated and altered in 1997. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2518 Michigan Court has 884 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 380 ft and the linear feet between the front and back of the lot is 1,150. In total, the area measurement of the land is 4,356 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable or hip style roof made of materials that we aren't sure of. For those who need parking, there is a attached garage. The garage is 260 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of B. The exterior walls of the home are made of brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. 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, 2518 Michigan Court sold most recently in Sep 20, 2017 for a total of $98,900. If you work out the math, that's approximately a cost of $86.45 per sqft. Before that, the property was also sold for $89,000 in Dec 3, 2004. 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 $682 in taxes each year. 2518 Michigan Court was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $90,281. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Other
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Attached
  • Garage Square Area: 260
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,356
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 380
  • Total Building Area: 1,144
  • Gross Building Area: 1,144
  • Building Area: 884
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 884
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MICHIGAN COURT
  • Land Acres: 0.1
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MICHIGAN COURT LOT 27, 28 BLK A ORB 3961 P 1561 . . MAP 79A

Ownership

  • Current Owner : RAINEY HARRIETT
  • Previous Owner : RAY ELIZABETH DIANNE
  • Owner Before Previous Owner: SHARPE REGINA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002500

Zoning

  • Zoning: BC15

Geography

  • Assessors Map Reference: MAP 79A
  • Parcel: 27016-835-000
  • Block: A
  • Lot: 27,28
  • Meridian: SEC 25 TWN 03S RNG 15W
  • Municipality: FIRE COUNTY MOSQUITO
  • Latitude: 30.194
  • Longitude: -85.7064

    Address

  • Full Address: 2518 Michigan Ct
  • Address - House Number: 2518
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ct
  • State: FL
  • City Name: Panama City
  • Carrier Code: C007
  • 4-Digit Zip Code: 1745
  • Zip Code: 32405

Valuation

    Tax

  • Total Area: 1,037
  • Tax Year: 2023
  • Tax Amount: $682
  • Tax Rate Code Area: 055

    Appraisal Valuation

  • Standard Deviation: 0.2388
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 66
  • Final Value: 208,960
  • High Value: 258,879
  • Low Value: 159,041

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $97,108
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Jan 31, 2018
  • First Open Lien Mortgage Loan Amount: $97,108
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2047

    Market Valuation

  • Market Total Value: $102,035
  • Market Land Value: $21,266
  • Market Improvement Value: $80,769

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $90,281

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 20, 2017
  • Current Sale Recording Date: Sep 22, 2017
  • Current Sale Transaction ID: 1736458901
  • Current Sale Price: $98,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2017054297
  • Previous Sale Recording Date: Dec 10, 2004
  • Previous Sale Contract Date: Dec 03, 2004
  • Previous Sale Amount: $89,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Sep 22, 2017
  • First Mortgage Loan Amount: $97,108
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Oct 01, 2047
  • Second Mortgage Lender: CALIBER HOME LOANS INC
  • Second Mortgage Transaction Date: Sep 22, 2017
  • Second Mortgage Loan Amount: $7,500
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: Stand Alone Second
  • Second Mortgage Loan Due Date: Oct 01, 2047

    Previous Mortgages

  • Previous Mortgage Lender: REGIONS MORTGAGE
  • Previous Mortgage Transaction Date: Dec 10, 2004
  • Previous Mortgage Loan Amount: $71,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jan 01, 2035

About Michigan Court



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Frequently Asked Questions

What neighborhood is 2518 Michigan Court located in?
The 2518 Michigan Court is a located in the neighborhood of Michigan Court in Michigan Court, Panama City.
What is the average sales price for listings in 2518 Michigan Court?
The average sales price for units in 2518 Michigan Court is $0 currently.

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