This is a great investment residential duplex in east Panama City.This is a CBS block building with stucco finish and it has a metal roof installed in 2019. It is a two unit multifamily with 2 bedrooms and a single bath in each unit. The units are all ceramic tile with the exception of the bedrooms which have vinyl plank flooring. Spacious closets are in both units. Each unit has a spacious laundry room and the appliances include refrigerators, ranges, microwaves, washer and dryers. Additionally each unit is on separate utilities. The property is in nice condition and the owner reports of no known repairs are currently necessary.It has long time residents that are on month to month rentals. The building sits on over an acre of property measuring 150X300. There is a huge 24X32 barn on the rear of the property with plenty of room for storage. This is nice investment property with good cash flow potential. Although this is a duplex property it could easily be remodeled into a single family residence on a large property at a great price. Please call to show and allow a minimum of 24 hours notice to show.
Sold for $250,000
$250,000
1005 Georgia Ave, Panama City, FL 32404
4beds
1,624sqft
Duplex, Multi Family
Built in 1958
-- sqft lot
$263,700 Zestimate®
$154/sqft
$1,395 Estimated rent
Home value
$263,700
$245,000 - $282,000
$1,395/mo
Zestimate® history
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$1,713/mo
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Vinyl plank flooringMetal roof installedCeramic tileSpacious laundry roomSpacious closetsStucco finish
Zillow last checked:
Listing updated:
Listed by:
Bob L Douglas 850-596-4714,
True Coastal Realty PLLC,
Kim Douglas 850-258-3919,
True Coastal Realty PLLC
Bought with:
Danny Burnett
Keller Williams Success Realty
Source: CPAR,MLS#: 751612
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Bedroom, Kitchen, Laundry, Living Room
Bedroom
- Level: First
- Dimensions: 12 x 10
Bedroom
- Level: First
- Dimensions: 10 x 10
Bedroom
- Level: First
- Dimensions: 12 x 10
Bedroom
- Level: First
- Dimensions: 10 x 10
Kitchen
- Level: First
- Dimensions: 11 x 7
Kitchen
- Level: First
- Dimensions: 11 x 7
Laundry
- Level: First
- Dimensions: 8 x 7
Laundry
- Level: First
- Dimensions: 8 x 7
Living room
- Level: First
- Dimensions: 15 x 12
Living room
- Level: Second
- Dimensions: 15 x 12
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Separate Meters
Appliances
- Included: Electric Oven, Electric Range, Electric Water Heater
Interior area
- Total structure area: 1,624
- Total interior livable area: 1,624 sqft
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio, Covered, Porch
- Exterior features: Patio
Lot
- Size: 7,405 Square Feet
- Dimensions: 50 x 150
- Features: Paved
Details
- Parcel number: 07361000000
- On leased land: Yes
- Zoning description: City, Resid Multi-Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Block, Stucco
- Foundation: Slab
- Roof: Metal,Other
Condition
- Year built: 1958
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: East Bay Park 2nd Add
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $154/sqft
- Tax assessed value: $112,158
- Annual tax amount: $1,486
- Date on market: 1/20/2024
- Cumulative days on market: 5 days
Price history
| Date | Event | Price |
|---|---|---|
| 3/11/2024 | Sold | $250,000+4.6%$154/sqft |
Source:  CPAR #751612 Report a problem | ||
| 1/25/2024 | Pending sale | $239,000$147/sqft |
Source: CPAR #751612 Report a problem | ||
| 1/20/2024 | Listed for sale | $239,000$147/sqft |
Source: CPAR #751612 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,512 +1.7% | $108,936 +10% |
| 2023 | $1,486 +27.8% | $99,033 +10% |
| 2022 | $1,163 | $90,030 |
| 2021 | -- | -- |
| 2020 | $1,090 +0.1% | $81,420 |
| 2019 | $1,088 | $81,420 +0.2% |
| 2018 | $1,088 +4.8% | $81,249 |
| 2017 | $1,039 -3.6% | $81,249 +0.8% |
| 2016 | $1,078 -3.7% | $80,565 +1.1% |
| 2015 | $1,119 | $79,650 -0.4% |
| 2014 | $1,119 | $79,992 +0.9% |
| 2013 | -- | $79,308 -3.5% |
| 2012 | -- | $82,215 |
| 2011 | -- | $82,215 -7.2% |
| 2010 | -- | $88,587 +0.7% |
| 2009 | -- | $87,939 -9.2% |
| 2008 | -- | $96,878 -24.2% |
| 2007 | -- | $127,784 +12.1% |
| 2006 | -- | $113,952 +120.7% |
| 2005 | -- | $51,640 +54.6% |
| 2004 | -- | $33,406 |
| 2003 | -- | $33,406 +6.8% |
| 2002 | -- | $31,274 +0.7% |
| 2001 | -- | $31,058 -1.6% |
| 2000 | -- | $31,550 |
Find assessor info on the county website
Neighborhood: 32404
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Nearby schools
GreatSchools rating
- 4/10Parker Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10Rutherford High SchoolGrades: 6-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Parker
- Middle: Rutherford Middle
- High: Rutherford
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Bay County
- Callaway
- 32404
- 1005 Georgia Ave
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