NOT LISTED FOR SALE

7242 Bay Crest Rd Unit Lot 2 Panama City, FL 32409

Estimated Value: $357,000 - $645,000

3 Beds
2 Baths
1,838 Sq Ft
$281/Sq Ft Est. Value

About This Home

This home is located at 7242 Bay Crest Rd Unit Lot 2, Panama City, FL 32409 and is currently estimated at $515,955, approximately $280 per square foot. 7242 Bay Crest Rd Unit Lot 2 is a home located in Bay County with nearby schools including Southport Elementary School, Deane Bozeman School, and Hunter Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2025
Sold by
Polk Gregory A and Polk Teresa M
Bought by
Terra Nuevo Llc
Current Estimated Value
$515,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$144,896
Interest Rate
6.85%
Mortgage Type
Construction
Estimated Equity
$371,059

Purchase Details

Closed on
Jun 3, 2014
Sold by
Seay Jack and Seay Davalyn J
Bought by
Polk Gregory A and Polk Teresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 23, 2013
Sold by
Seay Jack and Johnson Ronnie Edwin
Bought by
Seay Jack and Seay Davalyn J

Purchase Details

Closed on
Feb 20, 2006
Sold by
Johnson Lisa
Bought by
Johnson Ronnie

Purchase Details

Closed on
Aug 2, 2004
Sold by
Barfield Douglas J
Bought by
Seay Jack and Johnson Ronnie Edwin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Terra Nuevo Llc $625,000 Cornerstone Title Agency
Terra Nuevo Llc $625,000 Cornerstone Title Agency
Polk Gregory A $375,000 First American Title Ins Co
Seay Jack -- None Available
Johnson Ronnie -- Attorney
Seay Jack $325,000 Lawyers Title Agency Of Nort
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terra Nuevo Llc $500,000
Closed Terra Nuevo Llc $500,000
Previous Owner Polk Gregory A $345,000
Previous Owner Seay Jack $292,500
Source: Public Records

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 $3,454 $328,637 -- --
2023 $3,454 $311,689 $225,016 $86,673
2022 $3,110 $303,988 $225,016 $78,972
2021 $3,156 $299,678 $0 $0
2020 $3,139 $295,540 $225,016 $70,524
2019 $3,142 $296,187 $225,016 $71,171
2018 $3,439 $316,645 $0 $0
2017 $3,511 $317,292 $0 $0
2016 $3,581 $315,169 $0 $0
2015 $3,677 $312,978 $0 $0
2014 $4,544 $342,267 $0 $0
Source: Public Records

Map

Florida Bay County Panama City 32409

7242 Bay Crest Rd Unit Lot 2, Panama City, FL

This home is located at 7242 Bay Crest Rd Unit Lot 2, Panama City, FL 32409 and is currently estimated at $515,955, approximately $280 per square foot. 7242 Bay Crest Rd Unit Lot 2 is a home located in Bay County with nearby schools including Southport Elementary School, Deane Bozeman School, and Hunter Academy.

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.

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