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Bay 32404 St. Andrews Bay
3640 CEDAR PARK Drive #LOTS3637383940
Photo of Unit LOTS3637383940 at 3640 CEDAR PARK Drive
Sold on Dec 1, 2018

1

Map

$230,000
● Land - Off Market

3640 CEDAR PARK Drive #LOTS3637383940

Panama City, FL 32404
bedrooms
Studio
bathrooms
0 Bath
$349,922
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Builder lots-Timmins Construction future home sites
Unit Size
-
Days on Market
214 days
Land Size
0.19 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
$21
Year Built
2019

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: 29 days ago ( #671283)

Price History

Date / Event Date Event Price
Aug 25, 2020 Sold
Premium
Sold
Nov 26, 2018 Sold
Premium
Sold
May 1, 2018 Listed by CENTURY 21 Commander Realty $230,000
Listed by CENTURY 21 Commander Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 4
  • 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
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 441
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,363
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,464
  • Gross Building Area: 2,464
  • Building Area: 2,023
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,023
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDAR PARK
  • Land Acres: 0000000192
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • Legal Description 1: CEDAR PARK PH II LOT 36 BLK B ORB 4290 P 2168

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000500

Zoning

  • Zoning: BC02

Geography

  • Assessors Map Reference: MAP 116D
  • Subdivision Phase Number: 2
  • Parcel: 11916-600-420
  • Block: B
  • Lot: 36
  • Meridian: SEC 24 TWN 03S RNG 14W
  • Municipality: FIRE COUNTY MOSQUITO
  • Latitude: 30.2137
  • Longitude: -85.592

    Address

  • Full Address: 3640 Cedar Park Dr
  • Address - House Number: 3640
  • Address - Street Name: Cedar Park
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: R033
  • 4-Digit Zip Code: 3822
  • Zip Code: 32404

Valuation

    Tax

  • Total Area: 2,319
  • Tax Year: 2023
  • Tax Amount: $293,819
  • Tax Rate Code Area: 055

    Appraisal Valuation

  • Standard Deviation: 0.2373
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 66
  • Final Value: 403,265
  • High Value: 498,964
  • Low Value: 307,566

    Market Valuation

  • Market Total Value: $289,898
  • Market Land Value: $53,517
  • Market Improvement Value: $236,381

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $270,491

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 24, 2020
  • Current Sale Recording Date: Aug 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020055994
  • Previous Sale Recording Date: Nov 26, 2018
  • Previous Sale Contract Date: Nov 26, 2018
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: 68
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:

$330,000

Sale Price/ft²

$184

Below Asking

0.02%

Average Days on Market

89

Average Home Size

1977 ft²

Average Home Age

19.1 years

Currently For Sale

224 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 3640 Cedar Park Drive built and last sold?
The property at 3640 Cedar Park Drive was built in 2019 and last sold on Aug 24, 2020 for $298,000.
How much is this home worth?
The estimated value of the home located at 3640 Cedar Park Drive is $232,300.
What are some comparable homes to 3640 Cedar Park Drive?
There are currently no comparable homes to 3640 Cedar Park Drive.
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