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Lynn Haven 32444 St. Andrews Bay
3714 Highway 389
Photo of 3714 Highway 389
Sold on Feb 24, 2023

27

Map

Photo of 3714 Highway 389
Photo of 3714 Highway 389
$275,000
● House - Off Market

3714 Highway 389

Panama City, FL 32444
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,764 Ft²
$287,338
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

4 bedroom 2 full bath Ranch style home located on a large lot.  Yard is very spacious, has two work shops a play set and an enormous covered back patio, great for entertaining. Inside the home is spacious with a dining room and living room that are large and big enough for over sized furnishings. Kitchen has lots of cabinets, and a very roomy Laundry/storage room just off it.  3 bedrooms and a master bedroom make this a great option for larger and growing families or space for a gym, office and spare bedroom.  updated barn door on full bath is very nice and a master bedroom w/ its own ensuite. Additionally, there are 2 closets in M. bedroom, a walk-in and a smaller one, great for his & her. This home is just a 3 min. walk to top rated charter school and central to shopping and restaurants.
Unit Size
1,764 Ft²
Days on Market
77 days
Land Size
0.29 acres
Price per sqft
$156
Property Type
House
Property Taxes
$124
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: 11 days ago ( #735283)

Price History

Date / Event Date Event Price
Mar 1, 2023 Sold
Premium
Sold
Dec 9, 2022 Listed by Coldwell Banker Realty $275,000
Listed by Coldwell Banker Realty
Oct 6, 2021 No longer available -
No longer available
Apr 21, 2021 Sold
Premium
Sold
Feb 24, 2021 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 2009
  • 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: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 92
  • Porch Type: 59
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,545
  • Lot Size Depth Feet: 1,570
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,764
  • Gross Building Area: 1,764
  • Building Area: 1,764
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,764
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000288
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: 22 3S 14W -2.72- MAP 103D1 BEG 1310.10 W & 197.18 N OF SE COR OF NE1/4 OF NE1/4 TH N 80.84 E 156.25 S 80.06 W 159.08 TO POB ORB 4662 P 1091

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 001301

Zoning

  • Zoning: BC15

Geography

  • Parcel: 11825-072-000
  • Meridian: SEC 22 TWN 03S RNG 14W
  • Municipality: FIRE COUNTY MOSQUITO
  • Latitude: 30.2157
  • Longitude: -85.6287

    Address

  • Full Address: 3714 Highway 389
  • Address - House Number: 3714
  • Address - Street Name: Highway 389
  • State: FL
  • City Name: Panama City
  • Carrier Code: R011
  • 4-Digit Zip Code: 6614
  • Zip Code: 32405

Valuation

    Tax

  • Total Area: 2,038
  • Tax Year: 2023
  • Tax Amount: $297,819
  • Tax Rate Code Area: 055

    Appraisal Valuation

  • Standard Deviation: 0.2574
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 63
  • Final Value: 332,097
  • High Value: 417,611
  • Low Value: 246,582

    Market Valuation

  • Market Total Value: $234,630
  • Market Land Value: $33,936
  • Market Improvement Value: $200,694

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,630
  • Assessed Land Value: $33,936
  • Assessed Improvements Value: $200,694

    Sales

  • Current Sale Contract Date: Feb 24, 2023
  • Current Sale Recording Date: Mar 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12198
  • Previous Sale Recording Date: Apr 21, 2021
  • Previous Sale Contract Date: Apr 20, 2021
  • Previous Sale Amount: $218,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
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

$185

Below Asking

0.02%

Average Days on Market

88

Average Home Size

1821 ft²

Average Home Age

18.1 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

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Frequently Asked Questions

When was property at 3714 Florida 389 built and last sold?
The property at 3714 Florida 389 was built in 1984 and last sold on Feb 24, 2023 for $275,000.
How much is this home worth?
The estimated value of the home located at 3714 Florida 389 is $277,847.
What are some comparable homes to 3714 Florida 389?
There are currently no comparable homes to 3714 Florida 389.
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