NOT LISTED FOR SALE

6118 Loquat Ave Unit A & B Panama City, FL 32408

Estimated Value: $377,000 - $447,000

4 Beds
2 Baths
1,624 Sq Ft
$250/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $371,000 $228 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,386/month

55 Days on Market

Highlights

  • No HOA
  • Covered Patio or Porch
  • Living Room
  • J.R. Arnold High School Rated A-
  • Multiple cooling system units
  • Outdoor Storage

About This Home

As of September 2023

'CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS' Each side is a 2-bedroom 1 bath with unit B having fenced back yard, laundry room just off the kitchen. Unit A has a screen porch and unit B has a covered back porch. Seller has rented long term for 16 years including Water and Trash pickup, water included because of 1 water meter, seller recently connected to public sewer 2023 ($15,000). Unit A has had some recent updates with the screen porch, vinyl laminate flooring throughout, backsplash in kitchen area and both units have newer sliding doors. (2021) Complete exterior of building painted in 2021, new roof 2019. These can be rented short term. Previous owner of the Adjacent duplex rented for $1200 per week, Possible gross income at least $40,000.

Last Agent to Sell the Property

Donna Stokes

Top Producers Real Estate Ctr License #BK595010 Listed on: 06/16/2023

Last Buyer's Agent

John Chao

Xcellence Realty License #3033131

Xcellence Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,448

Year Built

  • Built in 1991

Lot Details

  • Lot Dimensions are 85 x 115
  • Fenced

Parking

  • Driveway

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • HardiePlank Type

Interior Spaces

  • 1,624 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Storm Doors
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

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

Utilities

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

Community Details

  • No Home Owners Association
  • 2 Units
  • Treasure Cove Subdivision

Listing and Financial Details

  • Legal Lot and Block 9 / 13

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,448

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1991
  • Property Sub Type: Duplex
  • Lot Size: 85 x 115
  • Road Surface Type: Paved
  • Subdivision Name: Treasure Cove
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Interior Amenities: Pantry
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Living Area: 1624.0
  • Dining Room Type: Bedroom, Full Bath, Kitchen, Laundry, Living Room, Primary Bedroom
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Fencing: Fenced
  • Waterfront: No
  • Construction Type: Frame, HardiPlank Type, Wood Siding
  • Exterior Features: Porch, Storage
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Porch, Screened
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Driveway
  • Garage: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Trash Collection, Water Connected
  • Cooling: Central Air, Ceiling Fan(s), Electric, Multi Units
  • Heating: Central
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

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

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Zoning Description: Resid Multi-Family,Resid Single Family

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Number Of Units In Community: 2

Tax Info

  • Tax Annual Amount: 2448.0
  • Tax Block: 13
  • Tax Lot: 9
  • Tax Year: 2022

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Sep 8, 2023
Sold by
Stokes Donna and Stokes Tim
Bought by
Rodriguez Richard Steven and Rodriguez Maria L
Seller's Agent
Donna Stokes
Top Producers Real Estate Ctr
Buyer's Agent
John Chao
Xcellence Realty
List Price
$429,900
Sold Price
$371,000
Premium/Discount to List
-$58,900
-13.7%
Views
41
Current Estimated Value
$406,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,807
Avg. Annual Appreciation
4.40%
Original Mortgage
$315,350
Outstanding Balance
$308,712
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$98,095
Source: Public Records

Range of Values:

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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
Rodriguez Richard Steven $371,000 Mti Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Richard Steven $315,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2023 09/08/23 Sold $371,000 -4.6% $228 / Sq Ft
08/03/2023 08/03/23 Price Changed $389,000 -2.7% $240 / Sq Ft
06/27/2023 06/27/23 Price Changed $399,900 -7.0% $246 / Sq Ft
06/12/2023 06/12/23 For Sale $429,900 -- $265 / 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 $2,968 $309,356 $90,100 $219,256
2023 $2,968 $171,821 $86,135 $220,541
2022 $2,448 $156,201 $0 $0
2021 $1,768 $142,001 $0 $0
2020 $1,610 $129,092 $53,429 $75,663
2019 $1,639 $126,522 $49,374 $77,148
2018 $1,598 $119,684 $0 $0
2017 $1,451 $108,804 $0 $0
2016 $1,499 $110,568 $0 $0
2015 $1,591 $114,493 $0 $0
2014 $1,616 $116,546 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Donna Stokes

    Seller's Agent in 2023

    Donna Stokes

    Top Producers Real Estate Ctr

    (850) 258-7752

    15 in this area

    92 Total Sales

    Donna Stokes
    Section Image

  • J

    Buyer's Agent in 2023

    John Chao

    Xcellence Realty

    (305) 595-7355

    3 in this area

    4 Total Sales

    John Chao
    Section Image

  • J

    Buyer's Agent in 2023

    Juan Chao

    Xcellence Realty Inc

See All Agents

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 742648

Central Panhandle Association of REALTORS®

APN: 31072-001-000

Florida Bay County Panama City 32408

6118 Loquat Ave Unit A & B, Panama City, FL

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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