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Panama City 32401
404 Spring Avenue
$160,000
● House - Off Market

404 Spring Avenue

Panama City, FL 32401
bedrooms
2 Beds
bathrooms
1 Bath
$183,012
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Adorable Florida Cottage.  Refreshed  in 2021.  All new kitchen cabinets, granite counter tops, vinyl flooring, windows, stove and microwave, tile tub surround and much more.  Just bring your furniture!
Unit Size
-
Days on Market
75 days
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
1930

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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: 7 months ago (ECAR #906234)

Price History

Date / Event Date Event Price
Nov 1, 2022 Sold
Premium
Sold
Aug 17, 2022 Listed by Compass $174,900
Listed by Compass
Oct 6, 2021 No longer available -
No longer available
Jun 17, 2021 Sold
Premium
Sold
Jun 1, 2021 In contract -
In contract
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 2020
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 69
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,100
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 490
  • Total Building Area: 864
  • Gross Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 864
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINECREST ADD
  • Land Acres: 0000000163
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: PINECREST ADD LOT 8 LESS PART OF SE COR & BEG NW COR LOT 9 TH S 3 NELY 72.56 W 72.50 TO POB BLK I ORB 4626 P 2363

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 001800

Zoning

  • Zoning: MU2

Geography

  • Parcel: 22646-000-000
  • Block: I
  • Lot: 8,9
  • Meridian: SEC 10 TWN 04S RNG 14W
  • Municipality: CITY OF PANAMA CITY
  • Latitude: 30.1558
  • Longitude: -85.6281

    Address

  • Full Address: 404 Spring Ave
  • Address - House Number: 404
  • Address - Street Name: Spring
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Panama City
  • Carrier Code: C013
  • 4-Digit Zip Code: 4775
  • Zip Code: 32401

Valuation

    Tax

  • Total Area: 936
  • Tax Year: 2023
  • Tax Amount: $170,100
  • Tax Rate Code Area: 016

    Appraisal Valuation

  • Standard Deviation: 0.2427
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 65
  • Final Value: 188,256
  • High Value: 233,951
  • Low Value: 142,560

    Market Valuation

  • Market Total Value: $130,412
  • Market Land Value: $14,553
  • Market Improvement Value: $115,859

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $130,412
  • Assessed Land Value: $14,553
  • Assessed Improvements Value: $115,859

    Sales

  • Current Sale Contract Date: Oct 31, 2022
  • Current Sale Recording Date: Nov 01, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 79816
  • Previous Sale Recording Date: Jun 17, 2021
  • Previous Sale Contract Date: Jun 16, 2021
  • Previous Sale Amount: $133,500
  • 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 Panama City

Stats & Trends

Median Asking:

$266,950

Sale Price/ft²

$191

Below Asking

0.02%

Average Days on Market

92

Average Home Size

1114 ft²

Average Home Age

30.5 years

Currently For Sale

372 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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ECAR

Listed by: Maryjo C Morris, Compass
Last Updated: 7 months ago
Data Source: Emerald Coast MLS (ECAR), MLS# 906234
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Frequently Asked Questions

When was property at 404 Spring Avenue built and last sold?
The property at 404 Spring Avenue was built in 1930 and last sold on Oct 31, 2022 for $160,000.
How much is this home worth?
The estimated value of the home located at 404 Spring Avenue is $0.
What are some comparable homes to 404 Spring Avenue?
There are currently no comparable homes to 404 Spring Avenue.
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