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Panama City 32401 Bunkers Cove
407 Rowe Drive
$215,000
● House - Off Market

407 Rowe Drive

Panama City, FL 32401
bedrooms
3 Beds
bathrooms
1 Bath
$244,068
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Fully-renovated in the desirable Cove neighborhood. Large back yard with alley access.
Unit Size
-
Days on Market
2 days
Land Size
0.25 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953

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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: 2 years ago (ECAR #881819)

Price History

Date / Event Date Event Price
Oct 12, 2021 Sold
Premium
Sold
Aug 4, 2021 Listed by Corcoran Reverie SRB $215,000
Listed by Corcoran Reverie SRB
Jan 6, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 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
  • Garage Square Area: 261
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,497
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,095
  • Gross Building Area: 1,095
  • Building Area: 1,095
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,095
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUDDUTHS 10TH ADD
  • Land Acres: 0000000241
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: SUDDUTHS 10TH ADD. LOT 19 BLK 75 ORB 4471 P 2027

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 001900

Zoning

  • Zoning: PC02

Geography

  • Parcel: 21573-000-000
  • Block: 75
  • Lot: 19
  • Meridian: SEC 09 TWN 04S RNG 14W
  • Municipality: CITY OF PANAMA CITY
  • Latitude: 30.1388
  • Longitude: -85.6424

    Address

  • Full Address: 407 Rowe Dr
  • Address - House Number: 407
  • Address - Street Name: Rowe
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C001
  • 4-Digit Zip Code: 3967
  • Zip Code: 32401

Valuation

    Tax

  • Total Area: 1,273
  • Tax Year: 2023
  • Tax Amount: $267,810
  • Tax Rate Code Area: 016

    Appraisal Valuation

  • Standard Deviation: 0.2618
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 62
  • Final Value: 303,822
  • High Value: 383,376
  • Low Value: 224,268

    Market Valuation

  • Market Total Value: $199,021
  • Market Land Value: $46,525
  • Market Improvement Value: $152,496

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $187,697

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Oct 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021077939
  • Previous Sale Recording Date: Jan 06, 2016
  • Previous Sale Contract Date: Dec 30, 2015
  • Previous Sale Amount: $127,000
  • 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 Bunkers Cove

Stats & Trends

Median Asking:

$345,000

Sale Price/ft²

$226

Below Asking

0.03%

Average Days on Market

66

Average Home Size

1718 ft²

Average Home Age

66.1 years

Currently For Sale

29 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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ECAR

Listed by: Carly K Sostheim, Corcoran Reverie SRB
Last Updated: 2 years ago
Data Source: Emerald Coast MLS (ECAR), MLS# 881819
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 407 Rowe Drive built and last sold?
The property at 407 Rowe Drive was built in 1953 and last sold on Sep 17, 2021 for $215,000.
How much is this home worth?
The estimated value of the home located at 407 Rowe Drive is $0.
What are some comparable homes to 407 Rowe Drive?
There are currently no comparable homes to 407 Rowe Drive.
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