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509 William Way

509 William Way, Panama City, FL 32404
House in Shadow Bay
Sold Jul 01, 2019
$220,000
$227,260 by Regions Bank
Mortgage Due Jul 01, 2049
Sold Apr 04, 2019
$110,000
Local assessors in Panama City, FL have categorized 509 William Way as a residential type of property. The home was built in 2002 and is 22 years old. It was most recently renovated and altered in 2017. The property's lot size has been calculated to be 9,331 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 509 William Way has a total of 1,880 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 440 sqft. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a gable or hip style roof that was made of materials that we aren't sure of. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 509 William Way sold most recently in Jun 25, 2019 for a total of $220,000. If you work out the math, that's approximately a cost of $94.83 per sqft. Before that, the property was also sold for $110,000 in Apr 3, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,091 in taxes each year. 509 William Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $218,184. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Other
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 9,331
  • Total Building Area: 2,320
  • Gross Building Area: 2,320
  • Building Area: 1,880
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,880
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SHADOW BAY
  • Land Acres: 0.214
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SHADOW BAY UNIT #5 131D1 LOT 9 BLK A ORB 4140 P 23

Ownership

  • Current Owner : NOVAK DOUGLAS DEAN ANTON
  • Current Owner 2: NOVAK REBEKA
  • Previous Owner : ROOD S REAL ESTATE LLC
  • Owner Before Previous Owner: CREEL MELANIE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000804

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: MAP 131D1
  • Parcel: 06616-709-000
  • Block: A
  • Lot: 9
  • Meridian: SEC 08 TWN 04S RNG 13W
  • Municipality: CITY OF CALLAWAY
  • Latitude: 30.1579
  • Longitude: -85.5595

    Address

  • Full Address: 509 William Way
  • Legal Unit: 5
  • Address - House Number: 509
  • Address - Street Name: William
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Panama City
  • Carrier Code: R028
  • 4-Digit Zip Code: 2265
  • Zip Code: 32404

Valuation

    Tax

  • Total Area: 2,182
  • Tax Year: 2023
  • Tax Amount: $3,091
  • Tax Rate Code Area: 002

    Appraisal Valuation

  • Standard Deviation: 0.2256
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 68
  • Final Value: 359,767
  • High Value: 440,966
  • Low Value: 278,568

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $253,657
  • First Open Lien Mortgage Lender: REGIONS BANK
  • First Open Lien Mortgage Recording Date: Jul 01, 2019
  • First Open Lien Mortgage Loan Amount: $227,260
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2049
  • Second Open Lien Mortgage Lender: SECRETARY OF VETERANS AFFAIRS
  • Second Open Lien Mortgage Recording Date: Mar 21, 2022
  • Second Open Lien Mortgage Loan Amount: $26,397
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: VA
  • Second Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $229,186
  • Market Land Value: $25,600
  • Market Improvement Value: $203,586

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $218,184

    Sales

  • Current Sale Contract Date: Jun 25, 2019
  • Current Sale Recording Date: Jul 01, 2019
  • Current Sale Transaction ID: 11625524920
  • Current Sale Price: $220,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019060214
  • Previous Sale Recording Date: Apr 04, 2019
  • Previous Sale Contract Date: Apr 03, 2019
  • Previous Sale Amount: $110,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: REGIONS BANK
  • First Mortgage Transaction Date: Jul 01, 2019
  • First Mortgage Loan Amount: $227,260
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jul 01, 2049

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Frequently Asked Questions

What neighborhood is 509 William Way located in?
The 509 William Way is a house located in the neighborhood of Shadow Bay in Shadow Bay, Panama City.
What is the average sales price for listings in 509 William Way?
The average sales price for units in 509 William Way is $214,997 , or $114/sqft. currently.

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