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Callaway 32404 St. Andrews Bay
5315 E Highway 22
Photo of 5315 E Highway 22
Sold on Mar 15, 2022

3

Map

Photo of 5315 E Highway 22
Photo of 5315 E Highway 22
$37,000
● Land - Off Market

5315 E Highway 22

Panama City, FL 32404
bedrooms
Studio
bathrooms
0 Bath
$51,385
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Here is your opportunity to build on nearly 1/2 acre lot on Hwy 22 close to Tyndall Parkway. all utilities on site, Present zoning is R6-M, but is right in the middle of mixed use area. This property is a blank slate that is ready for what ever you want to build. All utilities are on site. DOT traffic count 5400 per day.
Unit Size
-
Days on Market
525 days
Land Size
0.43 acres
Price per sqft
-
Property Type
Land
Property Taxes
$23
HOA Dues
-
Year Built
1940

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: 25 days ago ( #695362)

Price History

Date / Event Date Event Price
Mar 15, 2022 Sold
Premium
Sold
Mar 13, 2020 Listed by ERA Neubauer Real Estate Inc $49,900
Listed by ERA Neubauer Real Estate Inc
May 13, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1980
  • Bedroom Count: 2
  • Full Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 10
  • Roof Shape Type: 7
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • 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: 18,730
  • Lot Size Depth Feet: 2,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 700
  • Gross Building Area: 1,096
  • Building Area: 700
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 5
  • Heating: 13
  • Heated Square Feet: 700
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ST AND BAY DEV CO PLAT
  • Land Acres: 0000000430
  • Standard Land Use Code: 8000
  • County Land Use Code: 01
  • State Land Use Code: 01
  • Legal Description 1: 12 4S 14W -128- 118D1 ST AND BAY DEV CO PLAT BEG 255 E OF SW COR LOT 63 TH N 330 E 75 S 330 W 75 TO BEG LESS RD ON S SIDE ORB 4537 P 374

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000803

Zoning

  • Zoning: CLWY18

Geography

  • Parcel: 24455-000-000
  • Lot: 63
  • Meridian: SEC 12 TWN 04S RNG 14W
  • Municipality: CITY OF CALLAWAY
  • Latitude: 30.1534
  • Longitude: -85.5944

    Address

  • Full Address: 5315 E Highway 22
  • Address - House Number: 5315
  • Street Direction: E
  • Address - Street Name: Highway 22
  • State: FL
  • City Name: Panama City
  • Carrier Code: C005
  • 4-Digit Zip Code: 6323
  • Zip Code: 32404

Valuation

    Tax

  • Total Area: 779
  • Tax Year: 2023
  • Tax Amount: $37,241
  • Tax Rate Code Area: 002

    Market Valuation

  • Market Total Value: $26,806
  • Market Land Value: $26,806

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,806
  • Assessed Land Value: $26,806

    Sales

  • Current Sale Contract Date: Mar 15, 2022
  • Current Sale Recording Date: Mar 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19290
  • Previous Sale Recording Date: May 13, 2002
  • Previous Sale Contract Date: May 10, 2002
  • Previous Sale Amount: $48,500
  • 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 St. Andrews Bay

Stats & Trends

Median Asking:

$330,895

Sale Price/ft²

$185

Below Asking

0.02%

Average Days on Market

89

Average Home Size

1933 ft²

Average Home Age

19.1 years

Currently For Sale

217 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

Currently no nearby rentals

Frequently Asked Questions

When was property at 5315 Florida 22 built and last sold?
The property at 5315 Florida 22 was built in 1940 and last sold on Mar 15, 2022 for $37,000.
How much is this home worth?
The estimated value of the home located at 5315 Florida 22 is $50,399.
What are some comparable homes to 5315 Florida 22?
There are currently no comparable homes to 5315 Florida 22.
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