NOT LISTED FOR SALE

1206 E 3rd St Panama City, FL 32401

South Panama City Neighborhood

Estimated Value: $248,000 - $381,000

0.45 Acre
$707,024 Price per Acre
19,602 Sq Ft Lot

Sale Details

Date Sold: February 22, 2021

Last sale price $230,000

Est. 37% increase in value since last sale

Current estimated payment $2,003 / mo

199 Days on Market

Highlights

  • Water access To Gulf or Ocean
  • Property fronts a bayou
  • No HOA

About This Lot

As of February 2021

UNDER CONTRACT- TAKING BACKUP OFFERS- Rare waterfront lot in the prestigious Cove community! This incredible lot is perfect for a new home built up to maximize the incredible Bay views from back AND sides of this uniquely shaped lot. Perfect water access for larger boats. You can be at Shell Island in no time from this location! Best of all, no HOA fees! Lot has been cleared and thousands of dollars of dirt and fill has been brought in! So much building activity in this area! Don't miss out on this opportunity to build your waterfront dream home!

Last Agent to Sell the Property

Rhonda Lewis

Coldwell Banker Realty License #SL3437982 Listed on: 07/03/2020

Coldwell Banker Realty

Last Buyer's Agent

Rhonda Lewis

Coldwell Banker Realty License #SL3437982 Listed on: 07/03/2020

Coldwell Banker Realty

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,104

Lot Details

  • 19,602 Sq Ft Lot
  • Lot Dimensions are 120' x 272' x 230'
  • Property fronts a bayou

Property Views

  • Bayou Views

Schools

  • Cherry Street Elementary School
  • Jinks Middle School
  • Bay High School

Community Details

Overview

  • No Home Owners Association
  • Cove Terrace 2Nd Add Subdivision

Recreation

  • Water access To Gulf or Ocean

Property Details

Property Type

Land

Est. Annual Taxes

$2,104

Lot Details

0.45 Acres

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Lot Size Acres: 0.45
  • Lot Size: 120' x 272' x 230'
  • Road Frontage Type: City Street
  • Subdivision Name: Cove Terrace 2nd Add
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None

Exterior Features

  • View: Bayou
  • Waterfront Features: Bayou, Gulf Access, Shoreline - Natural
  • Waterfront: Yes

Utilities

  • Utilities: Sewer Available

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Jinks

Lot Info

  • Lot Features: Paved
  • Land Lease: No
  • Lot Size Sq Ft: 19602.0
  • Mobile Dim Units: Feet
  • Zoning Description: Resid Single Family

Tax Info

  • Tax Annual Amount: 2104.0
  • Tax Year: 2019

MLS Schools

  • Elementary School: Cherry Street
  • High School: Bay

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2020
Closed on
Feb 22, 2021
Sold by
L & R Development Of Bay County Llc
Bought by
Seller's Agent
Rhonda Lewis
Coldwell Banker Realty
Buyer's Agent
Rhonda Lewis
Coldwell Banker Realty
List Price
$249,000
Sold Price
$230,000
Premium/Discount to List
-$19,000
-7.63%
Current Estimated Value
$315,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,463
Avg. Annual Appreciation
6.03%
Original Mortgage
$184,000
Outstanding Balance
$91,937
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$226,224

Purchase Details

Closed on
Oct 11, 2010
Sold by
Mason Nick Charles and Fiddler Melodie Sue Mason
Bought by
L & R Development Inc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in South Panama City, FL

  • Ross Ticknor Real Estate Agent - Clubbs Real Estate Group LLC

    Ross Ticknor

    Clubbs Real Estate Group LLC

    (850) 918-8516

    9 Total Sales

    1 in South Panama City

    $300,000 Price

    Ross Ticknor
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  • Denise Vickers Real Estate Agent - Keller Williams Success Realty

    Denise Vickers

    Keller Williams Success Realty

    (256) 824-9473

    19 Total Sales

    2 in South Panama City

    $160,000 Price Range

    Denise Vickers
     Section Image
  • John Stillwell Real Estate Agent - STILLWELL REAL ESTATE LLC

    John Stillwell

    Responds Quickly

    STILLWELL REAL ESTATE LLC

    (904) 849-2858

    68 Total Sales

    2 in South Panama City

    $356,000 Price Range

    John Stillwell
     Section Image
  • Susan Morrison Real Estate Agent - Anchor Realty Florida

    Susan Morrison

    Anchor Realty Florida

    (850) 818-3257

    124 Total Sales

    10 in South Panama City

    $27K - $643K Price Range

    Susan Morrison
     Section Image
  • Amanda Cialoni Real Estate Agent - Seashore Realty LLC

    Amanda Cialoni

    Seashore Realty LLC

    (850) 788-2793

    92 Total Sales

    1 in South Panama City

    $380,000 Price

    Amanda Cialoni
     Section Image
  • Michael Werner Real Estate Agent - Keller Williams Success Realty

    Michael Werner

    Keller Williams Success Realty

    (850) 532-6263

    82 Total Sales

    1 in South Panama City

    $485,000 Price

    Michael Werner
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$230,000 Cornerstone Title Agency Inc
L & R Development Inc $231,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $184,000
Previous Owner L & R Development Of Bay County Llc $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/20/2022 06/20/22 Off Market $230,000 -- --
02/22/2021 02/22/21 Sold $230,000 -7.6% --
07/03/2020 07/03/20 For Sale $249,000 -- --
Source: Central Panhandle Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,157 $216,082 $206,902 $9,180
2024 $3,233 $198,637 $198,637
2023 $3,233 $190,146 $190,677 $0
2022 $2,794 $172,860 $172,860 $0
2021 $2,214 $130,774 $130,774 $0
2020 $2,234 $130,167 $130,167 $0
2019 $2,104 $130,167 $130,167 $0
2018 $1,971 $130,167 $0 $0
2017 $1,883 $125,615 $0 $0
2016 $1,861 $121,368 $0 $0
2015 $2,125 $134,784 $0 $0
2014 $2,548 $162,953 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • RL

    Seller's Agent in 2021

    Rhonda Lewis

    Coldwell Banker Realty

    (850) 832-5322

    1 in this area

    32 Total Sales

    Rhonda Lewis
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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 699209

Central Panhandle Association of REALTORS®

APN: 21857-000-000

Florida Bay County Panama City 32401 South Panama City

1206 E 3rd St, Panama City, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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