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7129 Penn Way

7129 Penn Way, Panama City, FL 32404
House in Youngstown
Sold Nov 10, 2020
$225,000
$189,999 by Centennial Bank
Mortgage Due Dec 01, 2050
Sold Jun 03, 2020
$211,075
7129 Penn Way has been categorized by the local assessors in Panama City, FL as a residential type of property. The building on the property was first built in 2019 and is 5 years old. The home has a total of 4 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7129 Penn Way has 1,829 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,294 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 340 sqft. Residents will have the luxury of enjoying a unknown. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable or hip style roof made of materials that we aren't sure of. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7129 Penn Way sold most recently in Nov 6, 2020 for a total of $225,000. If you work out the math, that's approximately a cost of $103.73 per sqft. Before that, the property was also sold for $211,075 in May 28, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,089 in taxes each year. 7129 Penn Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $202,706. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Driveway

Driveway

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: B
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Other
  • Floor Count: 1
  • Floor Cover: Vinyl
  • Basement Area: 0
  • Parking Type: Attached
  • Garage Type: Attached
  • Garage Square Area: 340
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,294
  • Total Building Area: 2,169
  • Gross Building Area: 2,169
  • Building Area: 1,829
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,829
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BARRETTS PARK PLANTATION
  • Land Acres: 0.145
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BARRETTS PARK PLANTATION LOT 78 ORB 4322 P 1904

Ownership

  • Current Owner : HOBBS NICHOLAS NEIL
  • Previous Owner : MACCINCH VIRGINIA ANN
  • Owner Before Previous Owner: D R HORTON INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 000302

Geography

  • Assessors Map Reference: MAP 143A
  • Parcel: 05658-350-390
  • Lot: 78
  • Meridian: SEC 03 TWN 03S RNG 13W
  • Municipality: FIRE COUNTY MOSQUITO
  • Latitude: 30.2564
  • Longitude: -85.5277

    Address

  • Full Address: 7129 Penn Way
  • Address - House Number: 7129
  • Address - Street Name: Penn
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Panama City
  • Carrier Code: R010
  • 4-Digit Zip Code: 6296
  • Zip Code: 32404

Valuation

    Tax

  • Total Area: 2,051
  • Tax Year: 2023
  • Tax Amount: $2,089
  • Tax Rate Code Area: 055

    Appraisal Valuation

  • Standard Deviation: 0.2333
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 67
  • Final Value: 332,074
  • High Value: 409,558
  • Low Value: 254,590

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $204,999
  • First Open Lien Mortgage Lender: CENTENNIAL BANK
  • First Open Lien Mortgage Recording Date: Nov 10, 2020
  • First Open Lien Mortgage Loan Amount: $189,999
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050
  • Second Open Lien Mortgage Lender: FLORIDA HOUSING FINANCE CORP
  • Second Open Lien Mortgage Recording Date: Nov 10, 2020
  • Second Open Lien Mortgage Loan Amount: $15,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second

    Market Valuation

  • Market Total Value: $252,948
  • Market Land Value: $51,260
  • Market Improvement Value: $201,688

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $202,706

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 06, 2020
  • Current Sale Recording Date: Nov 10, 2020
  • Current Sale Transaction ID: 11804906393
  • Current Sale Price: $225,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020076014
  • Previous Sale Recording Date: Jun 03, 2020
  • Previous Sale Contract Date: May 28, 2020
  • Previous Sale Amount: $211,075
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CENTENNIAL BANK
  • First Mortgage Transaction Date: Nov 10, 2020
  • First Mortgage Loan Amount: $189,999
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

About Bay



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Frequently Asked Questions

What neighborhood is 7129 Penn Way located in?
The 7129 Penn Way is a house located in the neighborhood of Youngstown in Bay, Panama City.
What is the average sales price for listings in 7129 Penn Way?
The average sales price for units in 7129 Penn Way is $0 currently.

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