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Bay 32409 Bream Pond
320 BREAM POND Road #LOT33
Photo of Unit LOT33 at 320 BREAM POND Road
Sold on May 28, 2020

17

Map

Photo of Unit LOT33 at 320 BREAM POND Road
Photo of Unit LOT33 at 320 BREAM POND Road
$29,000
● Land - Off Market

320 BREAM POND Road #LOT33

Southport, FL 32409
bedrooms
Studio
bathrooms
0 Bath
$43,105
RealtyHop Estimate
41.33%
Since Jun 1, 2020
National-US
Primary Model

About This Property

BREAM POND 1 ACRE LOT-OWNER FINANCING AVAILABLE-20% DOWN/20 YEAR AMORTIZATION/9% INTEREST/5 YEAR BALLOON-ATTENTION BUILDERS and DEVELOPERS - This is a Dream Property ready to BUILD-OUT. 40 separate parcels in a complete Subdivision surrounding and including Bream Pond in Northern Bay County. All Platted, Paved Roads, Underground Electric. With all of the recent Growth in the Sand Hills portion of Northern Bay County, this property is ready-to-go. This property is about 1/2 mile East of Hwy 77 and 1/2 mile South of Hwy 20 making it a very convenient location. Bream Pond is a Beautiful approximately 30 Acre Lake that is known for it's fishing. It has clean clear water and a white sand lake bottom making it a desirable Lake for swimming, kayaking , and other water activities.
Unit Size
-
Days on Market
45 days
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$32
HOA Dues
-
Year Built
2022

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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: 29 days ago ( #665722)

Price History

Date / Event Date Event Price
May 29, 2020 Sold
Premium
Sold
Dec 6, 2017 Listed by CENTURY 21 Commander Realty $30,500
Listed by CENTURY 21 Commander Realty
Jul 1, 2017 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 100
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 483
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,690
  • Total Building Area: 2,731
  • Gross Building Area: 2,731
  • Building Area: 2,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BREAM POND
  • Land Acres: 0000001003
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 00
  • Legal Description 1: BREAM POND 83C LOT 33 ORB 4256 P 1315

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000201

Zoning

  • Zoning: BC15

Geography

  • Parcel: 07458-133-000
  • Lot: 33
  • Meridian: SEC 07 TWN 01S RNG 14W
  • Municipality: FIRE COUNTY MOSQUITO
  • Latitude: 30.4203
  • Longitude: -85.6719

    Address

  • Full Address: 320 Bream Pond Rd
  • Address - House Number: 320
  • Address - Street Name: Bream Pond
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Panama City
  • Carrier Code: R002
  • 4-Digit Zip Code: 4602
  • Zip Code: 32409

Valuation

    Tax

  • Total Area: 2,688
  • Tax Year: 2023
  • Tax Amount: $342,938
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 055

    Appraisal Valuation

  • Standard Deviation: 0.4882
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 2
  • Final Value: 431,356
  • High Value: 641,967
  • Low Value: 220,744

    Market Valuation

  • Market Total Value: $309,715
  • Market Land Value: $27,241
  • Market Improvement Value: $282,474

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $309,715
  • Assessed Land Value: $27,241
  • Assessed Improvements Value: $282,474

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 27, 2020
  • Current Sale Recording Date: May 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 2020034703
  • Previous Sale Recording Date: Jul 01, 2017
  • Previous Sale Contract Date: Jul 01, 2017
  • Previous Sale Amount: $590,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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 Bream Pond

Stats & Trends

Median Asking:

$497,000

Sale Price/ft²

$260

Above Asking

0.00%

Average Days on Market

53

Average Home Size

2690 ft²

Average Home Age

-

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 320 Bream Pond Road built and last sold?
The property at 320 Bream Pond Road was built in 2022 and last sold on May 27, 2020 for $29,000.
How much is this home worth?
The estimated value of the home located at 320 Bream Pond Road is $30,805.
What are some comparable homes to 320 Bream Pond Road?
There are currently no comparable homes to 320 Bream Pond Road.
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