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Laguna Beach 32413
552 Sandy Lane
Photo of 552 Sandy Lane
Sold on Jun 3, 2022

18

Map

Photo of 552 Sandy Lane
Photo of 552 Sandy Lane
$140,000
● Mobile Manufactured - Off Market

552 Sandy Lane

Panama City Beach, FL 32413
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,070 Ft²
$151,739
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

This affordable 2 bedroom 1 bathroom home located in the west end of Panama City Beach is just minutes away from scenic 30A, the beaches, and walking distance to Lake Powel as well as grocery stores. The home is nestled in on more than a quarter acre and boasts over 1,000 sqft of living space. Other highlights include multiple storage buildings, a covered porch, carport and the HVAC is approx 6 years old. For more information about this home or to schedule a private showing give us a call.
Unit Size
1,070 Ft²
Days on Market
29 days
Land Size
0.28 acres
Price per sqft
$140
Property Type
Mobile Manufactured
Property Taxes
$15
HOA Dues
-
Year Built
1985

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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: 30 days ago ( #726174)

Price History

Date / Event Date Event Price
Jun 17, 2022 Sold
Premium
Sold
May 5, 2022 Listed by Keller Williams Success Realty $150,000
Listed by Keller Williams Success Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,240
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,230
  • Gross Building Area: 1,230
  • Building Area: 1,230
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,230
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAG SANDS
  • Land Acres: 0000000281
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: 11 3S 17W -3.14- 20C1 BEG 1164 N OF INTERSECT OF N LINE OF HWY 30A & CENTER LINE EL REPOSO PL TH NLY 70 W 175 SLY 70 E 175 TO POB-SUBJ TO EASEMENT AKA LOT 14 BLK A LAG SANDS ORB 4577 P 1641

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002706

Zoning

  • Zoning: R2

Geography

  • Parcel: 37239-014-000
  • Block: A
  • Lot: 14
  • Meridian: SEC 11 TWN 03S RNG 17W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.2455
  • Longitude: -85.916

    Address

  • Full Address: 552 Sandy Ln
  • Address - House Number: 552
  • Address - Street Name: Sandy
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Panama City Beach
  • Carrier Code: R031
  • 4-Digit Zip Code: 3861
  • Zip Code: 32413

Valuation

    Tax

  • Total Area: 1,297
  • Tax Year: 2023
  • Tax Amount: $143,671
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2412
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 66
  • Final Value: 171,180
  • High Value: 212,484
  • Low Value: 129,876

    Market Valuation

  • Market Total Value: $111,714
  • Market Land Value: $86,500
  • Market Improvement Value: $25,214

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $111,714
  • Assessed Land Value: $86,500
  • Assessed Improvements Value: $25,214

    Sales

  • Current Sale Contract Date: Jun 03, 2022
  • Current Sale Recording Date: Jun 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 45548
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 Laguna Beach

Stats & Trends

Median Asking:

$665,000

Sale Price/ft²

$467

Below Asking

0.03%

Average Days on Market

114

Average Home Size

1899 ft²

Average Home Age

26 years

Currently For Sale

149 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

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Frequently Asked Questions

When was property at 552 Sandy Lane built and last sold?
The property at 552 Sandy Lane was built in 1985 and last sold on Jun 3, 2022 for $140,000.
How much is this home worth?
The estimated value of the home located at 552 Sandy Lane is $170,443.
What are some comparable homes to 552 Sandy Lane?
There are currently no comparable homes to 552 Sandy Lane.
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