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Callaway 32404 Bay Front
6040 Howard Road
$322,973*
● House - Off Market

6040 Howard Road

Panama City, FL 32404
bedrooms
3 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
1,886 Ft²
$293,000 - $357,000
Reference Base Price*
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Welcome to 6040 Howard Rd! This 3 bedroom 2.5 bathroom home has been recently remodeled and has plenty of bells and whistles to offer. From the built-in whole house generator to the gas cooking in the kitchen, you'll have all the features necessary to make your life easier. Enjoy all the natural light in this bright and airy home as you relax with your family in the living room. The remodeled kitchen comes with plenty of space and storage for all your culinary needs. Get ready for entertaining with a spacious deck and large fenced backyard perfect for outdoor BBQs and dinners with friends. Don't miss out on this wonderful opportunity. Schedule your showing today!

The manager has listed the unit size as 1886 square feet.
Unit Size
1,886 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$172
Property Type
House
Property Taxes
$241
HOA Dues
-
Year Built
1986

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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.

Price History

Date / Event Date Event Price
Sep 21, 2023 No longer available -
No longer available
Sep 20, 2023 Sold
Premium
Sold
Aug 20, 2023 In contract -
In contract
Aug 12, 2023 Price Decreased $325,000
↓ $5K (1.4%)
Price Decreased
Jun 27, 2023 Listed $329,500
Listed
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 2011
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Parking Type: 1
  • Garage Type: 1
  • Garage Square Area: 609
  • Parking Space Count: 0
  • Patio Type: 69
  • Porch Type: 63
  • Pool Type: 1

    Dimensions

  • Lot Size Square Feet: 11,020
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,495
  • Gross Building Area: 2,495
  • Building Area: 1,886
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,886
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAY FRONT
  • Land Acres: 0000000253
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: BAY FRONT UNIT 6 LOT 9 BLK D ORB 4732 P 691

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000806

Zoning

  • Zoning: R9

Geography

  • Assessors Map Reference: MAP 132C3
  • Parcel: 07227-797-000
  • Block: D
  • Lot: 9
  • Meridian: SEC 19 TWN 04S RNG 13W
  • Municipality: CITY OF CALLAWAY
  • Latitude: 30.1203
  • Longitude: -85.5844

    Address

  • Full Address: 6040 Howard Rd
  • Legal Unit: 6
  • Address - House Number: 6040
  • Address - Street Name: Howard
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Panama City
  • Carrier Code: C014
  • 4-Digit Zip Code: 8841
  • Zip Code: 32404

Valuation

    Tax

  • Total Area: 2,263
  • Tax Year: 2023
  • Tax Amount: $344,559
  • Initial Tax Delinquent Year: 2017
  • Tax Rate Code Area: 002

    Appraisal Valuation

  • Standard Deviation: 0.4882
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 2
  • Final Value: 342,184
  • High Value: 509,257
  • Low Value: 175,110

    Market Valuation

  • Market Total Value: $251,361
  • Market Land Value: $27,440
  • Market Improvement Value: $223,921

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,836

    Sales

  • Current Sale Contract Date: Sep 18, 2023
  • Current Sale Recording Date: Sep 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 59650
  • Previous Sale Recording Date: Nov 01, 2021
  • Previous Sale Contract Date: Oct 29, 2021
  • Previous Sale Amount: $260,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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 Bay Front

Stats & Trends

Median Asking:

$317,500

Sale Price/ft²

$184

Below Asking

0.01%

Average Days on Market

63

Average Home Size

1563 ft²

Average Home Age

44.5 years

Currently For Sale

2 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 6040 Howard Road built and last sold?
The property at 6040 Howard Road was built in 1986 and last sold on Sep 18, 2023 for $325,000.
How much is this home worth?
The estimated value of the home located at 6040 Howard Road is $328,250.
What are some comparable homes to 6040 Howard Road?
There are currently no comparable homes to 6040 Howard Road.
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