NOT LISTED FOR SALE

5120 Lance St Panama City, FL 32404

Estimated Value: $335,000 - $402,000

6 Beds
6 Baths
2,916 Sq Ft
$123/Sq Ft Est. Value

Last Sold January 14, 2022

Last sale price $300,000 $103 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,253/month

Highlights

  • Newly Painted Property
  • Covered Patio or Porch
  • Living Room
  • No HOA
  • Multiple cooling system units
  • Dining Room

About This Home

As of January 2022

**UNDER CONTRACT - TAKING BACKUP OFFERS**UNITS A, B and C. Looking for an Incoming producing Investment Triplex near TAFB? Each unit has 2 bedrooms and 1.5 bathroom and 972 sq ft. 2 are Tenant occupied, and 1 is completely remodeled and ready for new tenant, and have new roof. There is a half bath downstairs. The master bedroom and guest bedroom are upstairs and both rooms share a full bathroom with a shower/tub combo.

Last Agent to Sell the Property

Cari Henry

Think Real Estate License #SL3468501 Listed on: 10/04/2021

Co-Listed By

Morgan Thomas

CENTURY 21 Commander Realty

Last Buyer's Agent

Cari Henry

CENTURY 21 Commander Realty License #SL3468501

CENTURY 21 Commander Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $748

Year Built

  • Built in 1984

Lot Details

  • 7,362

Parking

  • Driveway

Home Design

  • Triplex
  • Newly Painted Property
  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,916 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Dining Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Schools

  • Parker Elementary School
  • Rutherford Middle School
  • Rutherford High School

Utilities

  • Multiple cooling system units
  • Central Air

Additional Features

  • Covered Patio or Porch
  • Lot Dimensions are 82x90

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$748

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1984
  • Property Sub Type: Triplex
  • Lot Size: 82x90
  • Road Frontage Type: City Street
  • Co List Office Mls Id: TRE1
  • Co List Office Phone: (850) 270-4200
  • Subdivision Name: [No Recorded Subdiv]
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
  • Interior Amenities: New Paint
  • Full Bathrooms: 3
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Living Area: 2916.0
  • Dining Room Type: Bedroom, Dining Room, Full Bath, Kitchen, Living Room, Primary Bedroom
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Porch
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Driveway
  • Garage: No

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Cooling: Central Air, Ceiling Fan(s), Multi Units
  • Cooling Y N: Yes

Condo/Co-op/Association

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

Schools

  • Middle Or Junior School: Rutherford Middle

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Number Of Units In Community: 3

Tax Info

  • Tax Annual Amount: 748.0
  • Tax Year: 2020

MLS Schools

  • Elementary School: Parker
  • High School: Rutherford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2021
Closed on
Jan 14, 2022
Sold by
Knox and Christina
Bought by
Lemieux James R and Lemieux Courtney R
Seller's Agent
Cari Henry
Think Real Estate
Buyer's Agent
Cari Henry
CENTURY 21 Commander Realty
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%
Current Estimated Value
$358,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,026
Avg. Annual Appreciation
4.87%
Original Mortgage
$225,000
Outstanding Balance
$208,055
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$148,123

Purchase Details

Listed on
Dec 4, 2020
Closed on
Feb 26, 2021
Sold by
Rogers Craig Elliott and Rogers Sheri S
Bought by
Knox Brian and Knox Christina M
Seller's Agent
Hollie Hansen
Counts Real Estate Group
Buyer's Agent
Hollie Hansen
Direct Realty of Bay County Inc
List Price
$269,000
Sold Price
$265,000
Premium/Discount to List
-$4,000
-1.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.14%

Purchase Details

Closed on
Mar 3, 2005
Sold by
Rosenkranz Helen L
Bought by
Rogers Craig Elliott and Rogers Sheri S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2002
Sold by
Amado Renato F and Amado Francia
Bought by
Rosenkranz Helen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,200
Interest Rate
7.14%

Purchase Details

Closed on
May 31, 2000
Sold by
Hughes Joy H
Bought by
Amado Renato F and Amado Francia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.14%
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
Lemieux James R $300,000 New Title Company Name
Knox Brian $265,000 First American Title Ins Co
Rogers Craig Elliott $220,000 Vision Title Of Panama City
Rosenkranz Helen L $109,000 Diamond Title Agency Inc
Amado Renato F $80,000 Diamond Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lemieux James R $225,000
Previous Owner Rogers Craig Elliott $198,000
Previous Owner Rosenkranz Helen L $104,800
Previous Owner Rosenkranz Helen L $87,200
Previous Owner Amado Renato F $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2022 12/26/22 Off Market $300,000 -- --
06/20/2022 06/20/22 Off Market $265,000 -- --
01/14/2022 01/14/22 Sold $300,000 -4.8% $103 / Sq Ft
10/06/2021 10/06/21 For Sale $315,000 0.0% $108 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $315,000 +18.9% $108 / Sq Ft
02/26/2021 02/26/21 Sold $265,000 -5.3% $91 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
01/12/2021 01/12/21 Price Changed $279,900 +4.1% $96 / Sq Ft
12/04/2020 12/04/20 For Sale $269,000 -- $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 $3,631 $282,434 -- --
2023 $3,631 $256,758 $25,010 $231,748
2022 $2,311 $227,276 $20,500 $206,776
2021 $757 $72,020 $18,040 $53,980
2020 $748 $70,325 $15,580 $54,745
2019 $755 $71,087 $15,580 $55,507
2018 $831 $77,009 $0 $0
2017 $856 $77,771 $0 $0
2016 $892 $78,536 $0 $0
2015 $935 $79,301 $0 $0
2014 $959 $81,393 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 717573

Central Panhandle Association of REALTORS®

APN: 25249-280-000