NOT LISTED FOR SALE

551 E 5th St Panama City, FL 32401

Downtown North Neighborhood

Estimated Value: $199,000 - $223,023

2 Beds
1 Bath
896 Sq Ft
$233/Sq Ft Est. Value

Last Sold March 29, 2023

Last sale price $218,000 $243 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,276/month

14 Days on Market

Highlights

  • Florida Architecture
  • No HOA
  • Living Room
  • Bonus Room
  • Covered Patio or Porch
  • Central Heating and Cooling System

About This Home

As of March 2023

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Fall in love with this unique Florida Cottage in the heart of Cove! Seller put so much attention into details to keep true charm while performing great maintenance! Most recent updates include: A/C, Hot Water Heater, and roof are 6 years old. All outdoor plumbing is replaced in December 2022. Newer windows and doors! Brand new in 2022 Hardie board siding all around +fresh paint. Exterior cameras! Functioning Irrigation system.Shed with metal roof with coordinating exterior and more! Do not hesitate to reach out with any questions at all!

Last Agent to Sell the Property

Ekaterina Tomlinson

Top Producers Real Estate Center Listed on: 02/09/2023

Last Buyer's Agent

Bill Shields

Think Real Estate

Think Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $733

Year Built

  • Built in 1944

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 74x140

Parking

  • 1 Car Garage

Home Design

  • Florida Architecture
  • Metal Roof

Interior Spaces

  • Living Room
  • Dining Room
  • Bonus Room
  • Utility Room
  • Electric Oven

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

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

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Sudduths 1St Add Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$733

Year Built

Built in 1944

Lot Details

10,019 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 1944
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.23
  • Lot Size: 74X140
  • Subdivision Name: Sudduths 1st Add
  • Architectural Style: Florida
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Electric Oven
  • Interior Amenities: Utility Room
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Dining Room Type: Bonus Room, Bedroom, Dining Room, Full Bath, Kitchen, Living Room, Utility Room

Exterior Features

  • Waterfront: No
  • Patio And Porch Features: Covered, Porch
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 1.0
  • Garage: Yes
  • Attached Garage: No

Utilities

  • Utilities: Cable Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

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

Schools

  • Middle Or Junior School: Jinks

Lot Info

  • Lot Size Sq Ft: 10019.0
  • Mobile Dim Units: Feet
  • Zoning Description: Resid Single Family

Multi Family

  • Number Of Units Furnished: Partially

Tax Info

  • Tax Annual Amount: 733.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Cherry Street
  • High School: Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2023
Closed on
Mar 29, 2023
Sold by
Wimett Jelena
Bought by
Gainer Kelsey Elizabeth
Seller's Agent
Ekaterina Tomlinson
Top Producers Real Estate Center
Buyer's Agent
Bill Shields
Think Real Estate
List Price
$218
Sold Price
$218,000
Premium/Discount to List
$217,782
99900%
Views
76
Current Estimated Value
$209,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,994
Avg. Annual Appreciation
-1.42%
Original Mortgage
$211,460
Outstanding Balance
$204,346
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$4,660

Purchase Details

Closed on
Jun 8, 2016
Sold by
Wimett John and Wimett Jelena
Bought by
Wimett Jelena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,800
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 24, 2004
Sold by
Hay Monty J
Bought by
Wimett John W and Wimett Jelena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,250
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gainer Kelsey Elizabeth $218,000 Florida Coastal Closing & Escr
Wimett Jelena $80,800 None Available
Wimett John W $115,000 Vision Title Of Panama City
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gainer Kelsey Elizabeth $211,460
Previous Owner Wimett Jelena $60,800
Previous Owner Wimett John W $109,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2023 03/29/23 Sold $218,000 +99900.0% $243 / Sq Ft
02/09/2023 02/09/23 For Sale $218 -- $0 / Sq Ft
Source: Central Panhandle Association of REALTORS®

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
2025 $2,415 $189,139 $31,899 $157,240
2024 $720 $185,199 $31,311 $153,888
2023 $720 $74,057 $0 $0
2022 $733 $64,399 $0 $0
2021 $727 $62,523 $0 $0
2020 $730 $61,660 $0 $0
2019 $494 $65,101 $20,947 $44,154
2018 $494 $68,920 $0 $0
2017 $458 $63,159 $0 $0
2016 $460 $61,860 $0 $0
2015 $473 $61,430 $0 $0
2014 $473 $61,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Ekaterina Tomlinson

    Top Producers Real Estate Center

  • Bill Shields

    Buyer's Agent in 2023

    Bill Shields

    Think Real Estate

    (850) 276-2640

    87 Total Sales

    Bill Shields
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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 737382

Central Panhandle Association of REALTORS®

APN: 20465-000-000

Florida Bay County Panama City 32401 Downtown North

551 E 5th St, Panama City, FL

Not Listed for Sale

Detached

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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