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Parker 32404 Southwood
5245 Collins Drive
Photo of 5245 Collins Drive
Sold on Dec 8, 2022

25

Map

Photo of 5245 Collins Drive
Photo of 5245 Collins Drive
$191,500
● House - Off Market

5245 Collins Drive

Panama City, FL 32404
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,148 Ft²
$205,282
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Fantastic Price and Location!!! Charming 3-bedroom 2-bath block home with a nice workshop & situated on a large lot. Big ticket items have been replaced! New roof (on house & workshop), sprinkler system and fence replaced in 2018. Appliances, A/C and Hot Water Heater only 6-7 years old. The home also comes equipped with hurricane shutters. Irrigation is on a private well. Flood zone X, so flood insurance not required. The 576 sq ft workshop has plenty of room for all of your tools and big toys! Property would make a great primary residence or investment property, just needs some tlc to call your own! Short drive to Tyndall, public boat ramp, dining and shopping. Age and sq footage approximate, please verify. Call today!
Unit Size
1,148 Ft²
Days on Market
47 days
Land Size
0.22 acres
Price per sqft
$169
Property Type
House
Property Taxes
$70
HOA Dues
-
Year Built
1973

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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: 26 days ago ( #733728)

Price History

Date / Event Date Event Price
Dec 9, 2022 Sold
Premium
Sold
Oct 21, 2022 Listed by Paradise Properties of NW Florida $193,500
Listed by Paradise Properties of NW Florida

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 4
  • 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: 14
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 0
  • Patio Type: 55
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,496
  • Lot Size Depth Feet: 1,320
  • Lot Size Frontage Feet: 720
  • Total Building Area: 1,148
  • Gross Building Area: 1,148
  • Building Area: 1,148
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,148
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHWOOD
  • Land Acres: 0000000218
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: SOUTHWOOD LOT 3 BLK A ORB 4638 P 434 MAP 119D1

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000900

Geography

  • Parcel: 26037-020-000
  • Block: A
  • Lot: 3
  • Meridian: SEC 24 TWN 04S RNG 14W
  • Municipality: CITY OF PARKER
  • Latitude: 30.1277
  • Longitude: -85.5928

    Address

  • Full Address: 5245 Collins Dr
  • Address - House Number: 5245
  • Address - Street Name: Collins
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City
  • Carrier Code: C001
  • 4-Digit Zip Code: 7211
  • Zip Code: 32404

Valuation

    Tax

  • Total Area: 1,302
  • Tax Year: 2023
  • Tax Amount: $171,979
  • Tax Rate Code Area: 010

    Appraisal Valuation

  • Standard Deviation: 0.2595
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 63
  • Final Value: 203,134
  • High Value: 255,866
  • Low Value: 150,401

    Market Valuation

  • Market Total Value: $161,911
  • Market Land Value: $24,192
  • Market Improvement Value: $137,719

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $161,911
  • Assessed Land Value: $24,192
  • Assessed Improvements Value: $137,719

    Sales

  • Current Sale Contract Date: Dec 08, 2022
  • Current Sale Recording Date: Dec 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 87520
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 Southwood

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Frequently Asked Questions

When was property at 5245 Collins Drive built and last sold?
The property at 5245 Collins Drive was built in 1973 and last sold on Dec 8, 2022 for $191,500.
How much is this home worth?
The estimated value of the home located at 5245 Collins Drive is $195,704.
What are some comparable homes to 5245 Collins Drive?
There are currently no comparable homes to 5245 Collins Drive.
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