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Bay 32405 Highland City
2811 Wakulla Avenue
Photo of 2811 Wakulla Avenue
Sold on Jan 31, 2023

40

Map

Photo of 2811 Wakulla Avenue
Photo of 2811 Wakulla Avenue
$250,000
● House - Off Market

2811 Wakulla Avenue

Panama City, FL 32405
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,160 Ft²
$264,546
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

ALL SIZES ARE APPROX---Very nice home--looks new--completely refurbished in 2019-20--inground salt water pool///privacy fence///new appliances/granite counter tops//wood tile in LR and Hall--new carpet in bedrooms//single car garage///corner lot///very attractive curb appeal!  near schools and shopping!! Also close to Tyndall Air Force Base///// GREAT CENTRAL LOCATION!! Buy new without the high price tag!!!
Unit Size
1,160 Ft²
Days on Market
50 days
Land Size
0.34 acres
Price per sqft
$215
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1975

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 17 days ago ( #735351)

Price History

Date / Event Date Event Price
Feb 1, 2023 Sold
Premium
Sold
Dec 6, 2022 Listed by CENTURY 21 Commander Realty $249,900
Listed by CENTURY 21 Commander Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 377
  • Parking Space Count: 0
  • Patio Type: 55
  • Porch Type: 63
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,984
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,537
  • Gross Building Area: 1,537
  • Building Area: 1,160
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,160
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HIGHLAND CITY
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: HIGHLAND CITY (1.25) 117B LOT 12 & S1/2 LOT 11 BLK 23 MAP 117B ORB 4653 P 610

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 001302

Zoning

  • Zoning: BC15

Geography

  • Parcel: 12550-000-000
  • Block: 23
  • Lot: 12,11
  • Meridian: SEC 27 TWN 03S RNG 14W
  • Municipality: CITY OF SPRINGFIELD
  • Latitude: 30.1989
  • Longitude: -85.6221

    Address

  • Full Address: 2811 Wakulla Ave
  • Address - House Number: 2811
  • Address - Street Name: Wakulla
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Panama City
  • Carrier Code: C005
  • 4-Digit Zip Code: 6919
  • Zip Code: 32405

Valuation

    Tax

  • Total Area: 1,422
  • Tax Year: 2023
  • Tax Amount: $245,472
  • Tax Rate Code Area: 055

    Appraisal Valuation

  • Standard Deviation: 0.2512
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 64
  • Final Value: 243,557
  • High Value: 304,750
  • Low Value: 182,364

    Market Valuation

  • Market Total Value: $138,894
  • Market Land Value: $30,000
  • Market Improvement Value: $108,894

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $138,894
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $108,894

    Sales

  • Current Sale Contract Date: Jan 31, 2023
  • Current Sale Recording Date: Feb 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 6032
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:

$329,900

Sale Price/ft²

$185

Below Asking

0.02%

Average Days on Market

89

Average Home Size

1897 ft²

Average Home Age

18.2 years

Currently For Sale

219 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

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Frequently Asked Questions

When was property at 2811 Wakulla Avenue built and last sold?
The property at 2811 Wakulla Avenue was built in 1975 and last sold on Jan 31, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 2811 Wakulla Avenue is $251,216.
What are some comparable homes to 2811 Wakulla Avenue?
There are currently no comparable homes to 2811 Wakulla Avenue.
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