NOT LISTED FOR SALE

5507 Mars Hill Ln Unit Lot 35 Panama City, FL 32404

Estimated Value: $490,000 - $515,000

5 Beds
3.5 Baths
4,150 Sq Ft
$122/Sq Ft Est. Value

Last Sold August 18, 2022

Last sale price $436,725 $105 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,177/month

81 Days on Market

Highlights

  • Craftsman Architecture
  • Smart Technology
  • Landscaped
  • Living Room
  • Kitchen Island
  • Central Air

About This Home

As of August 2022

The Kendal is a 2 story, 5 bed, 3.5 bath with a 2 car garage floorplan located in the new Mars Hill community! Interior features of this home include laminate kitchen and bath countertops with over-mount sinks, traditional 8' ceilings, and beautiful ivory painted cabinetry. Vinyl flooring is throughout the home with plush carpet in all bedrooms, stairs, and upstairs hallway. The home also features Whirlpool Stainless steel appliances which include a free-standing electric range, dishwasher, and microwave. One of the remarkable features of this community is that it is located directly across from Majette Park, which is home to Panama City's only Disc Golf Course. Mars Hill is also a short drive to Tyndall Air Force Base, and the Naval Station located on Panama City Beach.

Last Agent to Sell the Property

Emily Natalio

DR Horton Realty of Emerald Coast, LLC License #SL3386948 Listed on: 03/10/2022

DR Horton Realty of Emerald Coast, LLC

Last Buyer's Agent

Non Member

NON-MEMBER OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,799

Year Built

  • Built in 2022 | Under Construction

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 24x192
  • Landscaped

HOA Fees

  • $48 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Craftsman Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4,150 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms

Accessible Home Design

  • Smart Technology

Schools

  • Tommy Smith Elementary School
  • Merritt Brown Middle School
  • Rutherford High School

Utilities

  • Central Air
  • Electric Water Heater

Community Details

  • Association fees include management
  • Burg Management Association
  • Mars Hill Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,799

Year Built

Built in 2022 | Under Construction

Lot Details

0

HOA Fees

$48 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Accessibility Features: Smart Technology
  • Year Built: 2022
  • Property Sub Type: Detached
  • Lot Size Acres: 0.28
  • Lot Size: 24x192
  • Road Surface Type: Paved
  • Subdivision Name: Mars Hill
  • Architectural Style: Craftsman
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: NewHome

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave
  • Interior Amenities: Kitchen Island, Pantry
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Living Area: 4150.0
  • Dining Room Type: Bedroom, Kitchen, Living Room
  • Stories: 2
  • ResoLivingAreaSource: Plans

Exterior Features

  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Property Condition: Under Construction
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage
  • Garage: Yes

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Security Features: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association Fee: 575.0
  • Association Fee Frequency: Annually
  • Association Name: Burg Management
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Association Management

Schools

  • Middle Or Junior School: Merritt Brown

Lot Info

  • Lot Features: Landscaped
  • Lot Size Sq Ft: 12197.0
  • Zoning Description: Resid Single Family

Rental Info

  • Furnished: Unfurnished

MLS Schools

  • Elementary School: Tommy Smith
  • High School: Rutherford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2022
Closed on
Aug 18, 2022
Sold by
Dr Horton Inc
Bought by
Harrell Royal and Harrell Mary Clare
Seller's Agent
Emily Natalio
DR Horton Realty of Emerald Coast, LLC
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$439,650
Sold Price
$436,725
Premium/Discount to List
-$2,925
-0.67%
Current Estimated Value
$504,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,978
Avg. Annual Appreciation
4.20%
Original Mortgage
$436,725
Outstanding Balance
$418,654
Interest Rate
5.51%
Mortgage Type
VA
Estimated Equity
$76,825
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
Harrell Royal $436,725 Dhi Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harrell Royal $436,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2022 11/17/22 Off Market $436,725 -- --
08/18/2022 08/18/22 Sold $436,725 -1.8% $105 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
03/31/2022 03/31/22 Price Changed $444,650 +1.1% $107 / Sq Ft
03/10/2022 03/10/22 For Sale $439,650 -- $106 / 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 $4,799 $416,896 $65,847 $351,049
2023 $4,799 $380,015 $57,260 $322,755
2022 $421 $36,473 $36,473 $0
2021 $251 $21,077 $21,077 $0
Source: Public Records

Agents Affiliated with this Home

  • Emily Natalio

    Seller's Agent in 2022

    Emily Natalio

    DR Horton Realty of Emerald Coast, LLC

    (850) 660-1738

    1,035 Total Sales

    Emily Natalio
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member

    NON-MEMBER OFFICE

See All Agents

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 723437

Central Panhandle Association of REALTORS®

APN: 05658-450-350

Florida Bay County Panama City 32404

5507 Mars Hill Ln Unit Lot 35, Panama City, FL

This home is located at 5507 Mars Hill Ln Unit Lot 35, Panama City, FL 32404 since 10 March 2022 and is currently estimated at $504,703, approximately $121 per square foot. This property was built in 2022. 5507 Mars Hill Ln Unit Lot 35 is a home located in Bay County with nearby schools including Tommy Smith Elementary School, Merritt Brown Middle School, and Rutherford 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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