NOT LISTED FOR SALE

1607 Lake Ave Panama City, FL 32401

Saint Andrews Neighborhood

Estimated Value: $283,000 - $322,000

3 Beds
2 Baths
1,671 Sq Ft
$182/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $297,500 $178 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,961/month

Highlights

  • Florida Architecture
  • Attached Carport
  • Dining Room
  • Living Room
  • Central Air
  • 1-Story Property

About This Home

As of March 2022

Do your customer a favour and show them this unique piece of property. The main house has new roof, double pane windows, vinyl siding set up up for easy maintenavce. The back cottage is a one bedroom home with a few remaining details to complete it as a great income producing rental or in laws quarters. The two homes have original hardwood floors throughout. The bathrooms have been updated and this place just not be any cuter. Great quiet neighbourhood and very close to a public boat launch on Lake Huntington with access to the Bay and GULF. We are mnot finished yet as the property has a modern two car garage set up for the perfect shop. Then last and foremost this property has a original Gypsy carriage in the rear that would make the perfect she shack, or doll house

Last Agent to Sell the Property

Andy Gonsalves

Counts Real Estate Group Inc License #409063 Listed on: 04/15/2022

Counts Real Estate Group Inc

Last Buyer's Agent

Melissa Harris

MJH Real Estate Brokerage LLC License #3329690

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,851

Year Built

  • Built in 1941

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 54x140

Parking

  • Attached Carport

Home Design

  • Florida Architecture

Interior Spaces

  • 1,671 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Central Air

Community Details

  • Lakeside Plat Subdivision

Listing and Financial Details

  • Assessor Parcel Number 29167-000-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,851

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Lot Size: 54x140
  • Subdivision Name: LAKESIDE PLAT
  • Directions: Traveling East on Hwy 98 from CPAR office past Michigan to Lake on the right at the beginning of the curve to Beck. Travel south on Lake to 1607 on the right.
  • Architectural Style: Florida Cottage
  • Carport Y N: Yes
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1941
  • Utilities Electric: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Living Room: Yes
  • Rooms:Dining Room: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Master Bedroom:First: Yes

Exterior Features

  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport Attached
  • General Property Info:Garage2: No
  • Parking Features:Carport Attached: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric

Schools

  • Elementary School: Lucille Moore
  • High School: Bay
  • Middle Or Junior School: Jinks

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 29167-000-000
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1851.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2016
Sold by
Frenger Carol A
Bought by
Rasmussen Teresa Ann
Current Estimated Value
$303,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,890
Outstanding Balance
$86,886
Interest Rate
3.37%
Mortgage Type
FHA
Estimated Equity
$216,621

Purchase Details

Closed on
Jan 14, 2010
Sold by
Creel Bud
Bought by
Frenger Richard and Frenger Carol A

Purchase Details

Closed on
Apr 9, 2009
Sold by
Foreman Mahlon S and Foreman Adrienne Elaine
Bought by
Creel Bud and Frenger Richard
Source: Public Records

Range of Values:

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Average Value
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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
Rasmussen Teresa Ann $120,000 Attorney
Frenger Richard -- None Available
Creel Bud -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rasmussen Teresa Ann $109,890
Previous Owner Frenger Richard $100,000
Previous Owner Foreman Mahlon Scott $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2022 07/05/22 Off Market $297,500 -- --
04/15/2022 04/15/22 For Sale $297,500 0.0% $178 / Sq Ft
03/31/2022 03/31/22 Sold $297,500 0.0% $178 / Sq Ft
03/31/2022 03/31/22 Sold $297,500 +3.5% $256 / Sq Ft
02/16/2022 02/16/22 Pending -- -- --
02/16/2022 02/16/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $287,500 -- $248 / Sq Ft
Source: Emerald Coast 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 $4,126 $248,335 $28,312 $220,023
2023 $4,126 $237,814 $24,660 $213,154
2022 $1,899 $103,822 $19,845 $83,977
2021 $1,851 $100,252 $18,786 $81,466
2020 $1,638 $85,046 $18,522 $66,524
2019 $1,386 $85,775 $17,992 $67,783
2018 $1,562 $103,178 $0 $0
2017 $1,528 $101,951 $0 $0
2016 $1,057 $68,944 $0 $0
2015 $470 $60,989 $0 $0
2014 $463 $60,505 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andy Gonsalves

    Seller's Agent in 2022

    Andy Gonsalves

    Counts Real Estate Group Inc

    (850) 774-3719

    11 in this area

    188 Total Sales

    Andy Gonsalves
    Section Image
  • Melissa Harris

    Buyer's Agent in 2022

    Melissa Harris

    MJH Real Estate Brokerage LLC

    (770) 354-6442

    3 in this area

    57 Total Sales

    Melissa Harris
    Section Image

  • U

    Buyer's Agent in 2022

    Unknown Member

    First Real Estate Group Inc

See All Agents

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 895903

Emerald Coast Association of REALTORS®

APN: 29167-000-000

Florida Bay County Panama City 32401 Saint Andrews

1607 Lake Ave, Panama City, FL

This home is located at 1607 Lake Ave, Panama City, FL 32401 since 15 April 2022 and is currently estimated at $303,507, approximately $181 per square foot. This property was built in 1941. 1607 Lake Ave is a home located in Bay County with nearby schools including Lucille Moore Elementary School, Jinks Middle School, and Bay High School.

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.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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