NOT LISTED FOR SALE

408 Otto Ln Panama City, FL 32408

Estimated Value: $315,113 - $357,000

3 Beds
2 Baths
1,324 Sq Ft
$255/Sq Ft Est. Value

Last Sold February 08, 2018

Last sale price $197,700 $149 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,906/month

Highlights

  • Contemporary Architecture
  • Living Room
  • Dining Room
  • J.R. Arnold High School Rated A-
  • Central Air
  • 1-Story Property

About This Home

As of February 2018

**ENTERED FOR COMP PURPOSES ONLY**

Last Agent to Sell the Property

Beth Mulvey

Beach House Sales and Development License #3390217 Listed on: 02/13/2018

Last Buyer's Agent

Robin Freeman

Era Neubauer Real Estate License #BK3094973

Era Neubauer Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,453

Year Built

  • Built in 1987

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 90x120

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,324 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Patronis Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Air

Community Details

  • Treasure Palms Subdivision

Listing and Financial Details

  • Assessor Parcel Number 30184-643-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,453

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.25
  • Lot Size: 90x120
  • Subdivision Name: TREASURE PALMS
  • Directions: From Hathaway Bridge on Panama City Beach side, Go west to Thomas Dr intersection at the flyover. Turn left on Thomas. Follow to Laird Street. Turn right. Go to Treasure Palms entrance on the left. Follow main road to Otto Lane on the left. Turn Left. 408 is down the street on the right.
  • Architectural Style: Contemporary
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1987
  • 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

Exterior Features

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

Utilities

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

Schools

  • Elementary School: Patronis
  • High School: Arnold
  • Middle Or Junior School: Surfside

Lot Info

  • Lot Size Sq Ft: 10890.0
  • Parcel #: 30184-643-000
  • Zoning: Resid Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1453.36
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2018
Closed on
Feb 5, 2018
Sold by
Lunsford Jimmy R and Lunsford Charlotte
Bought by
Mulvey Daniel T and Mulvey Susan
Seller's Agent
Beth Mulvey
Beach House Sales and Development
Buyer's Agent
Robin Freeman
Era Neubauer Real Estate
List Price
$197,700
Sold Price
$197,700
Current Estimated Value
$338,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,578
Avg. Annual Appreciation
7.21%
Original Mortgage
$204,224
Outstanding Balance
$172,959
Interest Rate
3.99%
Mortgage Type
VA
Estimated Equity
$165,319

Purchase Details

Closed on
Aug 23, 2005
Sold by
Smith Robert B and Smith Teresa M
Bought by
Lunsford Jimmy R and Lunsford Charlotte

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,750
Interest Rate
5.61%
Mortgage Type
Fannie Mae Freddie Mac
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
Mulvey Daniel T $197,700 Attorney
Lunsford Jimmy R $237,000 Lawyers Title Agncy
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mulvey Daniel T $204,224
Previous Owner Lunsford Jimmy R $177,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2022 12/05/22 Off Market $197,700 -- --
06/20/2022 06/20/22 Off Market $1,500 -- --
02/13/2018 02/13/18 For Sale $197,700 0.0% $149 / Sq Ft
02/08/2018 02/08/18 Sold $197,700 +13080.0% $149 / Sq Ft
12/31/2017 12/31/17 Pending -- -- --
06/27/2017 06/27/17 Rented $1,500 -9.1% --
06/27/2017 06/27/17 Under Contract -- -- --
04/01/2017 04/01/17 For Rent $1,650 -- --
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 $1,630 $171,205 -- --
2023 $1,630 $166,218 $0 $0
2022 $1,466 $161,377 $0 $0
2021 $1,466 $156,677 $0 $0
2020 $1,461 $154,514 $49,624 $104,890
2019 $1,467 $153,729 $47,219 $106,510
2018 $1,524 $118,526 $0 $0
2017 $1,423 $109,748 $0 $0
2016 $1,453 $110,100 $0 $0
2015 $1,507 $111,164 $0 $0
2014 $1,507 $111,272 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Beth Mulvey

    Seller's Agent in 2018

    Beth Mulvey

    Beach House Sales and Development

    (256) 566-5482

    18 in this area

    147 Total Sales

    Beth Mulvey
    Section Image

  • R

    Buyer's Agent in 2018

    Robin Freeman

    Era Neubauer Real Estate

    (850) 319-1112

    6 in this area

    33 Total Sales

    Robin Freeman
    Section Image

  • K

    Seller's Agent in 2017

    Kari Ganzy

    ERA Neubauer Real Estate, Inc

See All Agents

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 791695

Emerald Coast Association of REALTORS®

APN: 30184-643-000

Florida Bay County Panama City 32408

408 Otto Ln, Panama City, FL

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