NOT LISTED FOR SALE

1517 Clay (Two Duplexes) Ave Unit A & B Panama City, FL 32405

Estimated Value: $573,000 - $693,000

2 Beds
1 Bath
3,392 Sq Ft
$191/Sq Ft Est. Value

Last Sold October 10, 2023

Last sale price $450,000 $133 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,730/month

10 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Fenced

About This Home

As of October 2023

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Welcome to the opportunity to purchase two duplexes (4 units) located in St. Andrews. These well-maintained and professionally managed duplexes are located in the sought-after St. Andrews area of Panama City, FL have provided consistent and stable cash flow! These two charming duplexes (4 units) present a fantastic investment opportunity with their convenient location, strong rental demand and desirable features.Each unit offers two bedrooms and one bathroom, with a spacious living room, open kitchen, central heat & air, washer and dryer hook up (each unit) that provides comfortable and functional living spaces. The brick facades exude functional appeal and durability, and the fenced backyards ensure privacy and an excellent outdoor space for tenants and pets.Situated on a corner lot, the duplexes offer dedicated off-street parking, adding to the convenience and easy access to residents' front doors. Recent updates include new roofs and privacy fences installed in 2019. The long-term tenants and consistent occupancy history showcase the strong demand for quality apartment homes in this area.Residents will appreciate the prime location, as these duplex buildings are close to several grocery stores, retail areas on W 15th St & 23rd Street, St. Andrews restaurants, hospitals, and area employers, offering easy access to everyday necessities and amenities.Currently, the rents are below market at $800/month, but similar St. Andrews apartment units are achieving $1,100 to $1,200 in the current market, making these duplexes an enticing investment opportunity with the potential for increased rental income.Don't miss this chance to own these income-generating duplex apartment homes in the desirable St. Andrews area of Panama City.

Last Agent to Sell the Property

Kevin Wattenbarger

Five Bridges Real Estate Services Co. LLC Listed on: 07/24/2023

Five Bridges Real Estate Services Co. LLC

Last Buyer's Agent

Dien and Andrew Group

Think Real Estate License #SL3466729

Think Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,814

Year Built

  • Built in 1975

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 70 x 140
  • Fenced

Home Design

  • 3,392 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Lucille Moore Elementary School
  • Jinks Middle School
  • Bay High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Gulf Coast Dev Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,814

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1975
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.22
  • Lot Size: 70 X 140
  • Subdivision Name: Gulf Coast Dev
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 3392.0
  • Dining Room Type: Bedroom
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Fencing: Fenced
  • Waterfront: No

Garage/Parking

  • Garage: No

Utilities

  • Utilities: None
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Jinks

Lot Info

  • Lot Size Sq Ft: 9583.0

Rental Info

  • Furnished: Unfurnished

MLS Schools

  • Elementary School: Lucille Moore
  • High School: Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2024
Sold by
Dyell David and Dyell Camille
Bought by
Kdk Investments Llc
Current Estimated Value
$646,495

Purchase Details

Closed on
May 21, 2024
Sold by
Tran Dien and Harthan Andrew
Bought by
Dyell David and Dyell Camille

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,750
Interest Rate
6.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kdk Investments Llc $100 None Listed On Document
Kdk Investments Llc $100 None Listed On Document
Dyell David $665,000 South Oak Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dyell David $498,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2023 10/10/23 Sold $450,000 -9.8% $133 / Sq Ft
08/23/2023 08/23/23 For Sale $499,000 -- $147 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $2,814 $362,192 $38,896 $323,296
2023 $2,814 $132,123 $34,094 $150,559
2022 $2,375 $120,112 $0 $0
2021 $1,969 $109,193 $22,295 $86,898
2020 $1,474 $75,973 $21,883 $54,090
2019 $1,207 $74,670 $20,580 $54,090
2018 $0 $104,602 $0 $0
2017 $0 $102,338 $0 $0
2016 -- $103,854 $0 $0
2015 -- $109,154 $0 $0
2014 -- $115,140 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 745600

Central Panhandle Association of REALTORS®

APN: 29547-000-000