NOT LISTED FOR SALE

327 Derondo St Unit A & B Panama City Beach, FL 32413

Estimated Value: $1,151,000 - $1,772,000

3 Beds
2 Baths
1,276 Sq Ft
$1,220/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $430,000 $337 Per Sq Ft

Est. 262% increase in value since last sale

Current estimated payment $8,420/month

28 Days on Market

Highlights

  • In Ground Pool
  • No HOA
  • Additional Land
  • J.R. Arnold High School Rated A-
  • Covered Patio or Porch
  • Cul-De-Sac

About This Home

As of September 2023

Introducing an exceptional investment opportunity in unincorporated Bay County , located west of Hwy. 79 and south of Hwy. 98! This listing features one of two duplexes, sold together as one package at $850,000, offering a total of 6 rooms, 2 full baths, and a combined 2596 sq ft. The first duplex boasts a total of 1276 sq ft. Unit A comprises a cozy 1 bedroom and 1 bath, while Unit B features 2 bedrooms and 1 bath - the feature unit for touring is Unit B (left-side) on Tanaga Str and vacant for easy showing. Currently three are rented to long-term tenants, this duplex presents an ideal scenario for a quadplex configuration, allowing you to live in one unit while generating rental income from the others. Both units share a convenient onsite laundry area.Situated just blocks away from the beach, these two duplexes are adjacent to each other and share an inviting in-ground pool across the .28 ac compound. The pool belongs to this parcel. The second duplex, situated at 326 Tanaga Str (Parcel ID: 36062-010-0000/MLS#:742881), spans 1320 sq ft and mirrors the layout of the first duplex, with Unit A consisting of 1 bedroom and 1 bath, and Unit B offering 2 bedrooms and 1 bath (this is the feature unit for open tours). With its residential financial potential as a quadplex, this property is ideally suited for short-term rentals. Each unit features all-tile floors and a sturdy metal roof, ensuring durability and low maintenance.Please note that the units are currently occupied, and showings must be scheduled in advance due to tenants, some of whom have pets onsite. However, we have provided a convenient 3D Matterport walk-through video tour for your viewing pleasure. Three of the units has its own rental income, with Unit A bringing in $850 per month month-to-month in the Derondo Str duplex and Unit B bringing in $1200 per month lease with 6 months remaining. Unit A in the Tanaga Str duplex generating $900 per month under month-to-month.This unique investment opportunity is being offered as-is, with no survey or termite bond available. The owner has held the properties for 11 years and now seeks a simultaneous closing for both properties. Don't miss out on this chance to own two duplexes with significant income potential and proximity to the beach. Act now and seize this excellent investment opportunity! Offered at $850,000 for both duplexes.

Last Agent to Sell the Property

Doshia Myers

Redfin Corporation License #SL3274775 Listed on: 06/16/2023

Last Buyer's Agent

Mike Vogel

Scenic Sotheby's International Realty

Scenic Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,098

Year Built

  • Built in 1984

Lot Details

  • 6,229 Sq Ft Lot
  • Property fronts a county road
  • Cul-De-Sac
  • Street terminates at a dead end
  • Fenced
  • Interior Lot
  • Level Lot
  • Additional Land

Home Design

  • Duplex
  • Fixer Upper
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 1,276 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace
  • Dining Room

Kitchen

  • Electric Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • Paved Parking
  • Open Parking

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Covered Patio or Porch

Schools

  • West Bay Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Legal Lot and Block 18 / D

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Kiska Beach 1St Add Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,098

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1984
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.14
  • Lot Size: 50' x 125', Buyer to Verify.
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name: Kiska Beach 1st Add
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Interior Amenities: Fireplace
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Living Area: 1276.0
  • Dining Room Type: Bedroom, Dining Room, Full Bath
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Community, Fenced, In Ground, Other, Private, Pool
  • Fencing: Fenced, Partial, Privacy
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Block, Other, Concrete, See Remarks
  • Exterior Features: Pool, Porch
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Open, Porch
  • Property Condition: Fixer
  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway, Open, Paved
  • Garage: No
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Septic Available, Trash Collection, Water Available, Water Connected
  • Cooling: Central Air, Ceiling Fan(s), Other, See Remarks, Window Unit(s)
  • Heating: Central, Electric, Fireplace(s), Other, See Remarks
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic Tank

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Short Term Rental Allowed, Pool
  • Senior Community: No
  • Association Name: N/A
  • Association: No

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Additional Land Available, Cul-De-Sac, Dead End, Interior Lot, Level, Other
  • Lot Size Sq Ft: 6229.0
  • Zoning Description: County,Other - See Remarks,Resid Multi-Family

Rental Info

  • Furnished: Unfurnished
  • Lease Term: Month To Month

Multi Family

  • Number Of Units In Community: 2

Tax Info

  • Tax Annual Amount: 2098.0
  • Tax Block: D
  • Tax Lot: 18
  • Tax Year: 2022

MLS Schools

  • Elementary School: West Bay
  • High School: Arnold

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Aug 28, 2023
Sold by
Yarbrough Properties Group Llc
Bought by
Sea Series Llc Series Elyton
Seller's Agent
Doshia Myers
Redfin Corporation
Buyer's Agent
Mike Vogel
Scenic Sotheby's International Realty
List Price
$445,000
Sold Price
$430,000
Premium/Discount to List
-$15,000
-3.37%
Views
143
Current Estimated Value
$1,557,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,127,241
Avg. Annual Appreciation
81.95%
Original Mortgage
$572,475
Outstanding Balance
$559,988
Interest Rate
6.81%
Mortgage Type
Balloon
Estimated Equity
$997,253

Purchase Details

Closed on
Feb 1, 2013
Sold by
Yarbrough Steven and Yarbrough Marilyn
Bought by
Yarbrough Properties Group Llc

Purchase Details

Closed on
Oct 26, 2012
Sold by
Sullivan Kelli and Sullivan Leila M
Bought by
Yarbrough Steven and Yarbrough Marilyn

Purchase Details

Closed on
Aug 14, 2000
Sold by
Jones Mildred Hughes
Bought by
Sullivan Leila and Sullivan Kelli

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,450
Interest Rate
8.23%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Sea Series Llc Series Elyton $430,000 None Listed On Document
Yarbrough Properties Group Llc -- None Available
Yarbrough Steven $125,000 Attorney
Sullivan Leila $75,000 Diamond Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sea Series Llc Series Elyton $572,475
Previous Owner Sullivan Leila $50,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2023 09/05/23 Sold $430,000 -3.4% $337 / Sq Ft
07/24/2023 07/24/23 For Sale $445,000 0.0% $349 / Sq Ft
07/16/2023 07/16/23 Pending -- -- --
06/17/2023 06/17/23 For Sale $445,000 -- $349 / 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 $2,748 $345,594 $193,375 $152,219
2023 $2,748 $182,137 $186,565 $66,806
2022 $2,098 $165,579 $0 $0
2021 $1,845 $150,526 $91,000 $59,526
2020 $1,846 $151,230 $89,250 $61,980
2019 $1,763 $140,935 $76,500 $64,435
2018 $1,599 $120,539 $0 $0
2017 $1,461 $109,581 $0 $0
2016 $1,486 $109,501 $0 $0
2015 $1,525 $109,449 $0 $0
2014 $1,548 $111,396 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 742882

Central Panhandle Association of REALTORS®

APN: 36063-009-000