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$225,000
● House - In Contract

3938 Peters Drive

Panama City, FL 32405
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,399 Ft²
$1,334
Est. Monthly

About This Property

*CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS* Newly renovated, move-in ready, and priced at just $225,000! Welcome to 3938 Peters Drive in Panama City, Florida! This beautifully refreshed 3-bedroom, 2-bathroom home offers 1,399 square feet of living space, a durable metal roof, and an additional 228-square-foot enclosed Florida room, providing extra flexibility and room to spread out.

Step inside to discover new LVP flooring, fresh interior paint, and new appliances that give the home a clean, updated feel. The renovations make this property an appealing option for buyers looking for a move-in-ready home without the hassle of taking on major cosmetic updates.

Outside, you'll find a large, fully fenced backyard with plenty of room for pets, gardening, outdoor entertaining, or simply enjoying the Florida sunshine.

Situated in the desirable 32405 zip code, this turn-key property places you just minutes from local shopping, dining, top schools, Tyndall Air Force Base, and the pristine white sand beaches of the Emerald Coast.

Whether you're a first-time homebuyer, looking to downsize, or searching for an investment property in Panama City, this renovated home offers an attractive combination of updates, functional space, and affordability.

Updated 3-bedroom homes in Panama City with a fenced backyard and additional enclosed bonus space deserve a closer look, especially at $225,000! Schedule your private showing today and discover everything 3938 Peters Drive has to offer!
Unit Size
1,399 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$161
Property Type
House
Property Taxes
$229
HOA Dues
-
Year Built
1974

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Last updated: 7 days ago ( #796725)

Price History

Date / Event Date Event Price
Nov 6, 2026 In contract -
In contract
Oct 16, 2026 Listed by EXP Realty LLC $225,000
Listed by EXP Realty LLC
Jun 3, 2021 Sold
Sold
Feb 14, 2000 Sold
Sold

Property Highlights

Air Conditioning
Parking Details
Has Open Parking
Parking Features: Circular Driveway
Interior Details
Full Bathrooms: 2
Interior Features: MainLevelPrimary
Appliances: Electric Oven, Electric Range, Electric Water Heater
Flooring Type: Plank, Vinyl
Rooms: 7
Exterior Details
Square Footage: 1399
Square Footage Source: $0
Architectural Style: Contemporary
Year Built: 1974
Building Area Total: 1399
Other Structures: Shed(s)
Construction Materials: Brick
Lot Size Area: 0.24
Lot Size Units: Acres
Lot Size Acres: 0.24
Lot Size Square Feet: 10454
Lot Size Dimensions: 70.0 ft x 150.0 ft
Financial Details
Tax Annual Amount: $2,747
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 14
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 3
  • Garage Square Area: 260
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,497
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,627
  • Gross Building Area: 1,627
  • Building Area: 1,627
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,627
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLLEGE VILLAGE
  • Land Acres: 0000000241
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: COLLEGE VILLAGE UNIT # 1 LOT 19 BLK B ORB 1639 P 559 ORB 4414 P 1791

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002400

Zoning

  • Zoning: PC01

Geography

  • Parcel: 27997-228-000
  • Block: B
  • Lot: 19
  • Meridian: SEC 35 TWN 03S RNG 15W
  • Municipality: CITY OF PANAMA CITY
  • Latitude: 30.1852
  • Longitude: -85.7125

    Address

  • Full Address: 3938 Peters Dr
  • Legal Unit: 1
  • Address - House Number: 3938
  • Address - Street Name: Peters
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C002
  • 4-Digit Zip Code: 1445
  • Zip Code: 32405

Valuation

    Tax

  • Total Area: 1,596
  • Tax Year: 2023
  • Tax Amount: $243,763
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 016

    Appraisal Valuation

  • Standard Deviation: 0.2209
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 69
  • Final Value: 237,451
  • High Value: 289,926
  • Low Value: 184,975

    Market Valuation

  • Market Total Value: $131,662
  • Market Land Value: $28,000
  • Market Improvement Value: $103,662

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $130,349

    Sales

  • Current Sale Contract Date: May 25, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021041918
  • Previous Sale Recording Date: Feb 14, 2000
  • Previous Sale Contract Date: Feb 10, 2000
  • Previous Sale Amount: $56,100
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 3938 Peters Drive built and last sold?
The property at 3938 Peters Drive was built in 1974 and last sold on May 25, 2021 for $143,000.
How much is this home worth?
The estimated value of the home located at 3938 Peters Drive is $232,935.
What are some comparable homes to 3938 Peters Drive?
There are currently no comparable homes to 3938 Peters Drive.