NOT LISTED FOR SALE

507 Palermo Rd Panama City, FL 32405

Estimated Value: $209,000 - $253,000

3 Beds
2.5 Baths
1,522 Sq Ft
$158/Sq Ft Est. Value

Last Sold June 14, 2023

Last sale price $135,000 $89 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,477/month

2 Days on Market

Highlights

  • No HOA
  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • A. Crawford Mosley High School Rated A-
  • Living Room
  • Dining Room

About This Home

As of June 2023

This is a 3/2.5 town home ready for remodeling. It was damaged in Hurricane Michael and has not been repaired, however, it does have a 4 year old roof, updated vinyl windows, insulated walls, new HVAC system, and new hardi board exterior lap siding. Nice high and dry location. Flood zone X.

Last Agent to Sell the Property

Gary Witham

Hope Realty of Bay County LLC License #0325154 Listed on: 05/16/2023

Last Buyer's Agent

Gary Witham

Hope Realty of Bay County LLC License #0325154 Listed on: 05/16/2023

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,689

Year Built

  • Built in 1983 | Under Construction

Lot Details

  • 4,495 Sq Ft Lot
  • Lot Dimensions are 29 x 155
  • Cleared Lot

Parking

  • Driveway

Home Design

  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • HardiePlank Type

Interior Spaces

  • 1,522 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Northside Elementary School
  • Mowat Middle School
  • Mosley High School

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts

Additional Features

  • ENERGY STAR Qualified Equipment for Heating
  • Covered Patio or Porch

Community Details

  • No Home Owners Association
  • Venetian Villa Subdivision

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,689

Year Built

Built in 1983 | Under Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1983
  • Property Sub Type: Attached
  • Lot Size Acres: 0.1
  • Lot Size: 29 x 155
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Venetian Villa
  • Structure Type: Townhouse
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Townhouse
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1522.0
  • Dining Room Type: Bedroom, Dining Room, Kitchen, Living Room, Primary Bedroom
  • Stories: 2

Exterior Features

  • Waterfront: No
  • Construction Type: Frame, HardiPlank Type
  • Exterior Features: Porch
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Porch
  • Property Condition: Under Construction
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Driveway
  • Garage: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Cooling: Central Air, Electric, ENERGY STAR Qualified Equipment
  • Heating: Electric, ENERGY STAR Qualified Equipment, Forced Air
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: 220 Volts

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Association: No

Schools

  • Middle Or Junior School: Mowat

Lot Info

  • Lot Features: Cleared
  • Lot Size Sq Ft: 4495.0
  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Annual Amount: 1689.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Northside
  • High School: Mosley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Nov 3, 2023
Sold by
Lvnum Enterprises Llc
Bought by
Crooks Brian F
Seller's Agent
Khuslen Erkhbayar
World Impact Real Estate
Buyer's Agent
Jonathan Claunch
Beachy Beach Real Estate
List Price
$249,000
Sold Price
$230,000
Premium/Discount to List
-$19,000
-7.63%
Views
86
Current Estimated Value
$240,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,356
Avg. Annual Appreciation
2.46%
Original Mortgage
$48,417
Outstanding Balance
$47,607
Interest Rate
7.19%
Estimated Equity
$192,749
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
Crooks Brian F $230,000 Mti Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crooks Brian F $48,417
Open Crooks Brian F $190,900
Previous Owner Witham Gary P $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $135,000 -3.5% $89 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $139,900 -- $92 / 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 $2,009 $197,573 $19,800 $177,773
2023 $2,009 $92,272 $16,000 $109,104
2022 $1,760 $83,884 $0 $0
2021 $1,538 $76,258 $0 $0
2020 $1,014 $51,151 $11,887 $39,264
2019 $699 $43,222 $11,887 $31,335
2018 $1,036 $68,405 $0 $0
2017 $1,030 $68,710 $0 $0
2016 $1,059 $69,048 $0 $0
2015 $1,093 $69,310 $0 $0
2014 $1,090 $69,734 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2023

    Gary Witham

    Hope Realty of Bay County LLC

    (850) 832-2615

    47 Total Sales

    Gary Witham
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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 741530

Central Panhandle Association of REALTORS®

APN: 11677-155-000

Florida Bay County Panama City 32405

507 Palermo Rd, Panama City, FL

This home is located at 507 Palermo Rd, Panama City, FL 32405 since 16 May 2023 and is currently estimated at $240,356, approximately $157 per square foot. This property was built in 1983. 507 Palermo Rd is a home located in Bay County with nearby schools including Northside Elementary School, Mowat Middle School, and A. Crawford Mosley 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.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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