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Callaway 32404 Grimes Callaway Bayou Estates
288 HUGH THOMAS Drive
Photo of 288 HUGH THOMAS Drive
Sold on Jun 15, 2018

1

Map

$180,000
● Land - Off Market

288 HUGH THOMAS Drive

Panama City, FL 32404
bedrooms
Studio
bathrooms
0 Bath
$363,800
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model

About This Property

All sizes are taken from survey---Super nice subdivision---across street from Callaway Bayou --great area to raise your family--Build your dream home -- near Tyndall AFB--extremely large lot for $$$'s///city water and sewer////paved roads///9 lots to choose from off water ($40,000 each---10 lots to choose on water starting at $75,000.  you choose the Builder///lots are mostly cleared which should save a lot on start up cost!!!!!!???????
Unit Size
-
Days on Market
226 days
Land Size
0.43 acres
Price per sqft
-
Property Type
Land
Property Taxes
$27
HOA Dues
-
Year Built
-

Payment Calculator

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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: 24 days ago ( #664710)

Price History

Date / Event Date Event Price
Dec 16, 2019 Sold
Premium
Sold
Aug 17, 2018 Sold
Premium
Sold
Jun 15, 2018 Sold
Premium
Sold
Nov 1, 2017 Listed by CENTURY 21 Commander Realty $240,000
Listed by CENTURY 21 Commander Realty

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,687
  • Lot Size Depth Feet: 1,990
  • Lot Size Frontage Feet: 940
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRIMES CALLAWAY BAYOU ESTATES
  • Land Acres: 0000000429
  • Standard Land Use Code: 1001
  • County Land Use Code: 000000
  • State Land Use Code: 00
  • Legal Description 1: GRIMES CALLAWAY BAYOU ESTS UNIT #6 146C LOT 32 BLK B

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000804

Geography

  • Parcel: 06641-995-110
  • Block: B
  • Lot: 32
  • Meridian: SEC 09 TWN 04S RNG 13W
  • Municipality: CALLAWAY
  • Latitude: 30.1482
  • Longitude: -85.5551

    Address

  • Full Address: 288 Hugh Thomas Dr
  • Legal Unit: 6
  • Address - House Number: 288
  • Address - Street Name: Hugh Thomas
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C007
  • 4-Digit Zip Code: 8505
  • Zip Code: 32404

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $206,152
  • Tax Rate Code Area: 002

    Market Valuation

  • Market Total Value: $24,151
  • Market Land Value: $24,151

    Assessments Valuation

  • Assessed Year: 2019
  • Assessed Total Value: $24,151
  • Assessed Land Value: $24,151

    Sales

  • Current Sale Contract Date: Dec 12, 2019
  • Current Sale Recording Date: Dec 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019106440
  • Previous Sale Recording Date: Aug 17, 2018
  • Previous Sale Contract Date: Aug 15, 2018
  • Previous Sale Amount: $90,000
  • 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 Grimes Callaway Bayou Estates

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$237

Below Asking

0.04%

Average Days on Market

99

Average Home Size

2287 ft²

Average Home Age

46 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

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Frequently Asked Questions

When was property at 288 Hugh Thomas Drive built and last sold?
The property at 288 Hugh Thomas Drive was built in and last sold on Dec 12, 2019 for $234,100.
How much is this home worth?
The estimated value of the home located at 288 Hugh Thomas Drive is $242,400.
What are some comparable homes to 288 Hugh Thomas Drive?
There are currently no comparable homes to 288 Hugh Thomas Drive.
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