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Upper Grand Lagoon 32408 The Preserve on The Bay
3675 Preserve Boulevard
Photo of 3675 Preserve Boulevard
Sold on Mar 20, 2020

9

Map

Photo of 3675 Preserve Boulevard
Photo of 3675 Preserve Boulevard
$106,000
● Land - Off Market

3675 Preserve Boulevard

Panama City Beach, FL 32408
bedrooms
Studio
bathrooms
0 Bath
$155,871
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Ready for your new home! This wonderful corner lot could have sensational 2nd story views. Excellent location near Golf, Beaches, Boat Access, Shopping, Dining, and more. Located in  a prestigious luxury neighborhood with 24 Hr Security and Gated Entrance. Excellent Price for this area! All measurements, fees, hoa info approximate, verify if important.
Unit Size
-
Days on Market
35 days
Land Size
0.25 acres
Price per sqft
-
Property Type
Land
Property Taxes
$71
HOA Dues
$100
Year Built
2022

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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: 28 days ago ( #692566)

Price History

Date / Event Date Event Price
Mar 20, 2020 Sold
Premium
Sold
Jan 8, 2020 Listed by Keller Williams Success Realty $109,000
Listed by Keller Williams Success Realty
Mar 1, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 200
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 1,189
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 35
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,000
  • Total Building Area: 4,299
  • Gross Building Area: 4,299
  • Building Area: 3,110
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,110
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRESERVE ON THE BAY PHASE I
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 00
  • Legal Description 1: PRESERVE ON THE BAY PHASE I LOT 6 ORB 1940 P 1284 ORB 4235 P 440

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002608

Zoning

  • Zoning: BC15

Geography

  • Subdivision Phase Number: 1
  • Parcel: 31365-506-000
  • Lot: 6
  • Meridian: SEC 11 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1541
  • Longitude: -85.7228

    Address

  • Full Address: 3675 Preserve Blvd
  • Address - House Number: 3675
  • Address - Street Name: Preserve
  • Address - Suffix Type: Blvd
  • State: FL
  • City Name: Panama City
  • Carrier Code: C002
  • 4-Digit Zip Code: 7141
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 3,597
  • Tax Year: 2023
  • Tax Amount: $496,439
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.4882
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 2
  • Final Value: 978,798
  • High Value: 1,456,701
  • Low Value: 500,894

    Market Valuation

  • Market Total Value: $667,963
  • Market Land Value: $131,000
  • Market Improvement Value: $536,963

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $432,906

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 17, 2020
  • Current Sale Recording Date: Mar 20, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020021051
  • Previous Sale Recording Date: Mar 01, 2004
  • Previous Sale Contract Date: Feb 25, 2004
  • Previous Sale Amount: $65,000
  • 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 The Preserve on The Bay

Stats & Trends

Median Asking:

$1,024,500

Sale Price/ft²

$260

Above Asking

0.00%

Average Days on Market

122

Average Home Size

4696 ft²

Average Home Age

13.5 years

Currently For Sale

4 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 3675 Preserve Boulevard built and last sold?
The property at 3675 Preserve Boulevard was built in 2022 and last sold on Mar 17, 2020 for $106,000.
How much is this home worth?
The estimated value of the home located at 3675 Preserve Boulevard is $110,090.
What are some comparable homes to 3675 Preserve Boulevard?
There are currently no comparable homes to 3675 Preserve Boulevard.
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