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Upper Grand Lagoon 32408 Bay Point
480 Wahoo Road
Photo of 480 Wahoo Road
Sold on May 4, 2023

17

Map

Photo of 480 Wahoo Road
Photo of 480 Wahoo Road
$112,000
● Land - Off Market

480 Wahoo Road

Panama City Beach, FL 32408
bedrooms
Studio
bathrooms
0 Bath
$130,907
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Don't miss your chance to own land in the highly desired Bay Point Community! Wahoo Road features many gorgeous homes, so don't pass up on this opportunity to build your very own dream home. Bay Point offers 24/7 gated security, and many other amenities. Whether you're starting a family or retiring, Bay Point has something for everyone. This won't last long - vacant land in Bay Point is rare.
Unit Size
-
Days on Market
41 days
Land Size
0.35 acres
Price per sqft
-
Property Type
Land
Property Taxes
$66
HOA Dues
$138
Year Built
-

Payment Calculator

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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 ( #739186)

Price History

Date / Event Date Event Price
May 5, 2023 Sold
Premium
Sold
Mar 24, 2023 Listed by Seltzer Real Estate, LLC $129,900
Listed by Seltzer Real Estate, LLC
Dec 1, 2021 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,169
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: BAY POINT
  • Land Acres: 0000000348
  • Standard Land Use Code: 8000
  • County Land Use Code: 00
  • State Land Use Code: 00
  • Legal Description 1: BAY POINT UNIT 1 LOT 625 ORB 4686 P 747

Neighborhood

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

Zoning

  • Zoning: BC15

Geography

  • Parcel: 30933-727-000
  • Lot: 625
  • Meridian: SEC 09 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.153
  • Longitude: -85.7485

    Address

  • Full Address: 480 Wahoo Rd
  • Legal Unit: 1
  • Address - House Number: 480
  • Address - Street Name: Wahoo
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Panama City
  • Carrier Code: C987
  • 4-Digit Zip Code: 7288
  • Zip Code: 32408

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $91,219
  • Tax Rate Code Area: 056

    Market Valuation

  • Market Total Value: $72,960
  • Market Land Value: $72,960

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,960
  • Assessed Land Value: $72,960

    Sales

  • Current Sale Contract Date: May 04, 2023
  • Current Sale Recording Date: May 05, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 28134
  • Previous Sale Recording Date: Dec 01, 2021
  • Previous Sale Contract Date: Nov 23, 2021
  • Previous Sale Amount: $80,000
  • 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 Bay Point

Stats & Trends

Median Asking:

$799,000

Sale Price/ft²

$338

Below Asking

0.03%

Average Days on Market

97

Average Home Size

2493 ft²

Average Home Age

40.6 years

Currently For Sale

21 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 480 Wahoo Road built and last sold?
The property at 480 Wahoo Road was built in and last sold on May 4, 2023 for $112,000.
How much is this home worth?
The estimated value of the home located at 480 Wahoo Road is $131,199.
What are some comparable homes to 480 Wahoo Road?
There are currently no comparable homes to 480 Wahoo Road.
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