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Lower Grand Lagoon 32408 Treasure Island Section One
5224 Pinetree Avenue
Photo of 5224 Pinetree Avenue
Sold on Feb 3, 2023

35

Map

Photo of 5224 Pinetree Avenue
Photo of 5224 Pinetree Avenue
$410,000
● House - Off Market

5224 Pinetree Avenue

Panama City Beach, FL 32408
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,003 Ft²
$433,515
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

AMAZING LOCATION! Just a few mins to the beach by golf cart. Short Term rentals allowed! Corner lot. Perfect location. Metal roof, LVP throughout. Fully furnished and rental turnkey ready! 2 Bedrooms, with loft and additional room for another place for a bed. Kitchen features wood cabinets, and newer appliances. Tastefully decorated! The outside of this home is amazing! Hugh corner lot with plenty of space for entertaining. Covered tin roof area for watching the game outside! Owner is in process of finishing a small splash pool, will be ready by closing. Just needs to be plastered and pump hooked up. Needs nothing to be a great turn-key rental. All sizes are approx. and should be verified if important.
Unit Size
1,003 Ft²
Days on Market
59 days
Land Size
0.17 acres
Price per sqft
$414
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
1989

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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: 28 days ago ( #735219)

Price History

Date / Event Date Event Price
Feb 3, 2023 Sold
Premium
Sold
Dec 6, 2022 Listed by Coastal Heritage Real Estate LLC $414,900
Listed by Coastal Heritage Real Estate LLC
Mar 12, 2021 Sold
Premium
Sold
May 5, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 2009
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 381
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,384
  • Gross Building Area: 1,384
  • Building Area: 1,003
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,003
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TREASURE ISLAND
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: TREASURE ISLAND LOT 15 BLK 2 ORB 4654 P 2383

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002607

Zoning

  • Zoning: BC15

Geography

  • Parcel: 31482-060-000
  • Block: 2
  • Lot: 15
  • Meridian: SEC 16 TWN 04S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1448
  • Longitude: -85.7524

    Address

  • Full Address: 5224 Pinetree Ave
  • Address - House Number: 5224
  • Address - Street Name: Pinetree
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Panama City
  • Carrier Code: C004
  • 4-Digit Zip Code: 6818
  • Zip Code: 32408

Valuation

    Tax

  • Total Area: 1,174
  • Tax Year: 2023
  • Tax Amount: $323,215
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.0978
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 404,736
  • High Value: 444,320
  • Low Value: 365,151

    Market Valuation

  • Market Total Value: $288,942
  • Market Land Value: $182,022
  • Market Improvement Value: $106,920

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $229,055

    Sales

  • Current Sale Contract Date: Mar 11, 2021
  • Current Sale Recording Date: Mar 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021017880
  • Previous Sale Recording Date: May 05, 2005
  • Previous Sale Contract Date: Apr 29, 2005
  • Previous Sale Amount: $175,000
  • 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 Treasure Island Section One

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$423

Below Asking

0.01%

Average Days on Market

140

Average Home Size

1703 ft²

Average Home Age

31 years

Currently For Sale

8 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 5224 Pine Tree Avenue built and last sold?
The property at 5224 Pine Tree Avenue was built in 1989 and last sold on Mar 11, 2021 for $279,900.
How much is this home worth?
The estimated value of the home located at 5224 Pine Tree Avenue is $419,832.
What are some comparable homes to 5224 Pine Tree Avenue?
There are currently no comparable homes to 5224 Pine Tree Avenue.
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