NOT LISTED FOR SALE

5605 Sunset Ave Unit A and B Panama City Beach, FL 32408

Estimated Value: $409,000 - $453,000

4 Beds
2 Baths
1,450 Sq Ft
$296/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $390,000 $269 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,518/month

3 Days on Market

Highlights

  • No HOA
  • Porch
  • Patio
  • Patronis Elementary School Rated A-
  • Multiple cooling system units
  • Living Room

About This Home

As of October 2023

PENDINGThis duplex is perfectly located just three blocks from the beach and a short stroll to the lagoon with a public boat ramp. With a little TLC and furnishings, this property could be your income-producing gem. Investors, this one's for you!Key Features:Ideal location for short-term rentals.Potential rental income of $30k to $40k PER UNIT.Newer water heater and HVAC.Last roof permit issued in 2018.Don't miss out on fantastic opportunity.Fenced in back yard, photos to come.Please be aware that all measurements provided in this listing are approximate. It is the buyer's responsibility to conduct due diligence and verify these measurements to ensure they align with their specific needs and requirements.

Last Agent to Sell the Property

Maggie Fowler

Lifes A Beach Real Estate, LLC License #3549482 Listed on: 08/28/2023

Last Buyer's Agent

Tareva Ligas

Keller Williams Success Realty License #SL3519034

Keller Williams Success Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,467

Year Built

  • Built in 1983

Lot Details

  • 5,967 Sq Ft Lot
  • Lot Dimensions are 50x120

Parking

  • Additional Parking

Home Design

  • Duplex
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,450 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Porch

Schools

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

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • 2 Units
  • Baltimore Beach Subdivision

Listing and Financial Details

  • Legal Lot and Block 20 / o

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,467

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1983
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.14
  • Lot Size: 50x120
  • Road Surface Type: Paved
  • Subdivision Name: Baltimore Beach
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 1450.0
  • Dining Room Type: Bedroom, Full Bath, Living Room, Primary Bedroom
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Waterfront: No
  • Construction Type: Stucco
  • Patio And Porch Features: Open, Porch
  • Roof: Metal

Garage/Parking

  • Parking Features: Additional Parking, Gravel
  • Garage: No

Utilities

  • Utilities: Septic Available
  • Cooling: Central Air, Ceiling Fan(s), Multi Units, Separate Meters
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic Tank

Condo/Co-op/Association

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

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Size Sq Ft: 5967.0
  • Zoning Description: Resid Multi-Family

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Number Of Units In Community: 2

Tax Info

  • Tax Annual Amount: 1467.0
  • Tax Block: o
  • Tax Lot: 20
  • Tax Year: 2022

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2023
Closed on
Oct 6, 2023
Sold by
Soskin Jonathan Gordon
Bought by
Lau Tracy
Seller's Agent
Maggie Fowler
Lifes A Beach Real Estate, LLC
Buyer's Agent
Tareva Ligas
Keller Williams Success Realty
List Price
$415,000
Sold Price
$390,000
Premium/Discount to List
-$25,000
-6.02%
Views
20
Current Estimated Value
$428,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,786
Avg. Annual Appreciation
5.23%
Original Mortgage
$287,250
Outstanding Balance
$282,124
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$146,662
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
Lau Tracy $390,000 Mti Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lau Tracy $287,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2023 10/17/23 Sold $390,000 -6.0% $269 / Sq Ft
08/31/2023 08/31/23 Pending -- -- --
08/27/2023 08/27/23 For Sale $415,000 -- $286 / 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 $2,184 $329,093 $137,200 $191,893
2023 $2,184 $135,682 $130,683 $79,373
2022 $1,467 $123,347 $78,400 $44,947
2021 $1,404 $113,255 $0 $0
2020 $1,321 $107,789 $63,847 $43,942
2019 $1,224 $93,670 $51,842 $41,828
2018 $1,165 $83,771 $0 $0
2017 $1,040 $76,155 $0 $0
2016 $1,075 $77,502 $0 $0
2015 $1,116 $78,530 $0 $0
2014 $1,136 $80,097 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Maggie Fowler

    Lifes A Beach Real Estate, LLC

    (812) 698-0782

    5 in this area

    13 Total Sales

    Maggie Fowler
    Section Image
  • Tareva Ligas

    Buyer's Agent in 2023

    Tareva Ligas

    Keller Williams Success Realty

    (956) 274-1388

    4 in this area

    42 Total Sales

    Tareva Ligas
    Section Image
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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 745805

Central Panhandle Association of REALTORS®

APN: 31903-000-000

Florida Bay County Panama City Beach 32408

5605 Sunset Ave Unit A and B, Panama City Beach, FL

This home is located at 5605 Sunset Ave Unit A and B, Panama City Beach, FL 32408 since 28 August 2023 and is currently estimated at $428,786, approximately $295 per square foot. This property was built in 1983. 5605 Sunset Ave Unit A and B is a home located in Bay County with nearby schools including Patronis Elementary School, J.R. Arnold High School, and Surfside Middle 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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