NOT LISTED FOR SALE

351 College Ave Unit A, B, C & D Panama City, FL 32401

Millville Neighborhood

Estimated Value: $196,962 - $502,000

10 Beds
4 Baths
1,675 Sq Ft
$185/Sq Ft Est. Value

Last Sold March 24, 2020

Last sale price $240,000 $143 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,901/month

16 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Central Heating and Cooling System
  • No HOA
  • Living Room
  • 1-Story Property

About This Home

As of March 2020

**INVESTMENT OPPORTUNITY** Two duplexes on one property for a total of four units. Each building has two units with both a 3 BR/1 BA and a 2 BR/1 BA each. Steady rental income with long term residents with a net GRI of over $3300 per month! New siding, roofs, back decks, window replacement and some interior walls/doors replaced - all hurricane damage repaired. Covered front porches, back decks, storage, plenty of parking space, and a community laundry room. Great value for a new owner to take over with established turnkey revenue!

Last Agent to Sell the Property

Lee Ann Swartzentruber

EXP Realty LLC License #3285613 Listed on: 02/09/2020

EXP Realty LLC

Co-Listed By

Charles Sowers

EXP Realty LLC License #SL3392374

Last Buyer's Agent

Hollie Hansen

Direct Realty of Bay County Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $765

Year Built

  • Built in 1945

Lot Details

  • Lot Dimensions are 104x104

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1,675 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Electric Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$765

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1945
  • Property Sub Type: Duplex
  • Lot Size: 104X104
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Mls Id: EXPR
  • Co List Office Phone: (888) 883-8509
  • Subdivision Name: [No Recorded Subdiv]
  • Architectural Style: Duplex
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Range, Electric Water Heater, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 10
  • Living Area: 1675.0
  • Dining Room Type: Bedroom, Living Room, Primary Bathroom, Primary Bedroom
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Covered, Deck, Open, Porch

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Jinks

Lot Info

  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 765.0
  • Tax Year: 2018

MLS Schools

  • Elementary School: Cherry Street
  • High School: Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2020
Closed on
Mar 24, 2020
Sold by
Massey Matthew L and Massey Celia L
Bought by
Perryman Angela Noelle
Seller's Agent
Lee Ann Swartzentruber
EXP Realty LLC
Buyer's Agent
Hollie Hansen
Direct Realty of Bay County Inc
List Price
$249,000
Sold Price
$240,000
Premium/Discount to List
-$9,000
-3.61%
Current Estimated Value
$312,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,864
Avg. Annual Appreciation
4.93%

Purchase Details

Closed on
Jul 10, 2009
Sold by
Perry Henry L and Perry Pam
Bought by
Massey Matthew L and Massey Celia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Interest Rate
4.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 12, 2001
Sold by
Sada Angela
Bought by
Perry Henry L and Perry Pam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,900
Interest Rate
6.97%
Mortgage Type
Commercial
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
Perryman Angela Noelle $240,000 Setco Services Llc
Massey Matthew L $99,000 First American Title Ins Co
Perry Henry L $74,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Massey Matthew L $79,200
Previous Owner Perry Henry L $62,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2022 06/20/22 Off Market $240,000 -- --
03/24/2020 03/24/20 Sold $240,000 -3.6% $143 / Sq Ft
02/25/2020 02/25/20 Pending -- -- --
02/09/2020 02/09/20 For Sale $249,000 -- $149 / 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 $2,261 $122,780 $28,953 $93,827
2023 $2,261 $118,836 $27,144 $96,487
2022 $1,959 $108,033 $20,358 $87,675
2021 $1,749 $98,909 $19,272 $79,637
2020 $776 $35,276 $19,272 $16,004
2019 $570 $35,276 $19,272 $16,004
2018 $765 $50,530 $0 $0
2017 $752 $50,168 $0 $0
2016 $765 $49,896 $0 $0
2015 $1,419 $89,988 $0 $0
2014 $1,406 $89,942 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 693883

Central Panhandle Association of REALTORS®

APN: 22534-010-000