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Callaway 32404 Bayou Estates
296 Sukoshi Drive
Photo of 296 Sukoshi Drive
Sold on Apr 4, 2023

12

Map

Photo of 296 Sukoshi Drive
Photo of 296 Sukoshi Drive
$100,000
● Land - Off Market

296 Sukoshi Drive

Panama City, FL 32404
bedrooms
Studio
bathrooms
0 Bath
$137,352
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Beautiful waterfront vacant land expanding 107' in total. This property is only 7 miles from Tyndall Air Force Base, 26 miles to Northwest Florida Beaches International Airport (ECP), and a short & sweet 16 miles to the worlds most beautiful beaches. This location has already been pre-engineered and pre-approved by the City of Callaway Development Order for a 12,200 square foot six condo project, or three townhomes. Taken out by Hurricane Michael, previously there did sit a home that was 3500 square feet, however there is more than enough room to build a home up to 5000-6000 square feet, including a pool. Water, sewer and power on site.
Unit Size
-
Days on Market
57 days
Land Size
0.77 acres
Price per sqft
-
Property Type
Land
Property Taxes
$91
HOA Dues
-
Year Built
1984

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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: 28 days ago ( #737243)

Price History

Date / Event Date Event Price
Apr 10, 2023 Sold
Premium
Sold
Feb 3, 2023 Listed by Counts Real Estate Group Inc $135,000
Listed by Counts Real Estate Group Inc
Nov 9, 2022 No longer available -
No longer available
Oct 4, 2022 Price Decreased $170,000
↓ $53K (23.6%)
Price Decreased
Jul 12, 2022 Price Decreased $222,500
↓ $103K (31.5%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 3
  • Full Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,889
  • Lot Size Depth Feet: 3,170
  • Lot Size Frontage Feet: 1,070
  • Total Building Area: 1,498
  • Gross Building Area: 2,074
  • Building Area: 1,498
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,498
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: BAYOU ESTATES
  • Land Acres: 0000000778
  • Standard Land Use Code: 8000
  • County Land Use Code: 01
  • State Land Use Code: 01
  • Legal Description 1: BAYOU ESTATES LOT 1 BLK A ORB 4676 P 1345 CS # 87-1526 (5)

Neighborhood

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

Zoning

  • Zoning: RMF

Geography

  • Assessors Map Reference: MAP 131D4
  • Parcel: 06513-200-000
  • Block: A
  • Lot: 1
  • Meridian: SEC 08 TWN 04S RNG 13W
  • Municipality: CITY OF CALLAWAY
  • Latitude: 30.1516
  • Longitude: -85.5582

    Address

  • Full Address: 296 Sukoshi Dr
  • Address - House Number: 296
  • Address - Street Name: Sukoshi
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C010
  • 4-Digit Zip Code: 7710
  • Zip Code: 32404

Valuation

    Tax

  • Total Area: 1,814
  • Tax Year: 2023
  • Tax Amount: $147,015
  • Tax Rate Code Area: 002

    Market Valuation

  • Market Total Value: $105,823
  • Market Land Value: $105,823

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $105,823
  • Assessed Land Value: $105,823

    Sales

  • Current Sale Contract Date: Apr 04, 2023
  • Current Sale Recording Date: Apr 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21503
  • Previous Sale Recording Date: Apr 18, 2022
  • Previous Sale Contract Date: Apr 14, 2022
  • Previous Sale Amount: $100
  • Previous Sale Document Type: 55
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 Bayou Estates

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

1747 ft²

Average Home Age

42 years

Currently For Sale

2 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 296 Sukoshi Drive built and last sold?
The property at 296 Sukoshi Drive was built in 1984 and last sold on Apr 4, 2023 for $100,000.
How much is this home worth?
The estimated value of the home located at 296 Sukoshi Drive is $146,450.
What are some comparable homes to 296 Sukoshi Drive?
There are currently no comparable homes to 296 Sukoshi Drive.
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