Sold for $45,000

$45,000

1329 Russ Lake Dr, Panama City, FL 32404

2beds

528sqft

Single Family Residence

Built in 1963

5,662 Square Feet Lot

$-- Zestimate^®

$85/sqft

$1,070 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,070/mo

Zestimate^® history

Owner options

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$1,070/mo

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$1,070/mo

Rent Zestimate^®

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$238/mo

Est. payment

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$238/mo

Est. payment

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What's special

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Investor Alert! This home is perfect candidate for a rental, located only minutes to Tyndall Air Force Base, Walmart, Callaway, and easy access to Highway 98 and Hwy 231. No HOA, no flood insurance required, and a 2019 roof, it has a great head start. Some electric and plumbing updates exist but it will need some TLC to be rent ready. No current survey, but lot is very narrow to the house. See Pictures from Property Appraiser Website. Schedule your showing ASAP, it will not last long at this price!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Rooms

Room types: Bedroom, Family Room, Kitchen, Living Room

Bedroom

Level: First
Dimensions: 10.5 x 11.5

Bedroom

Level: First
Dimensions: 10 x 10.5

Family room

Level: First
Dimensions: 10.5 x 14

Kitchen

Level: First
Dimensions: 7 x 10.5

Living room

Level: First
Dimensions: 10 x 12

Cooling

Window Unit(s)

Interior area

Total structure area: 528
Total interior livable area: 528 sqft

Property

Features

Patio & porch: Covered, Porch

Lot

Size: 5,662 Square Feet
Dimensions: 30.0 ft x 200.0 ft

Details

Parcel number: 15118000000
Zoning description: Resid Single Family
Special conditions: Listed As-Is

Construction

Type & style

Home type: SingleFamily
Architectural style: Florida
Property subtype: Single Family Residence

Materials

Asbestos, Wood Frame
Roof: Shingle

Condition

New construction: No
Year built: 1963

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Features: Short Term Rental Allowed
Subdivision: Springfield Farms

HOA

Has HOA: No

Location

Region: Panama City

Financial & listing details

Price per square foot: $85/sqft
Tax assessed value: $25,931
Annual tax amount: $40
Date on market: 8/7/2026
Cumulative days on market: 3 days

Price history

Date	Event	Price
8/24/2026	Sold	$45,000-18.2%$85/sqft
Source: CPAR #793700 Report a problem
8/10/2026	Pending sale	$55,000$104/sqft
Source: CPAR #793700 Report a problem
8/7/2026	Listed for sale	$55,000+83.3%$104/sqft
Source: CPAR #793700 Report a problem
5/19/2026	Sold	$30,000$57/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$40	$20,212 +3%
2023	$40	$19,623 +3%
2022	$40	$19,051
2021	--	--
2020	$40	$16,958 +0.2%
2019	$40	$16,916 -5.3%
2018	$40	$17,871 +0.6%
2017	$40	$17,764 -0.5%
2016	$40 -85.4%	$17,852 +0.4%
2015	$274	$17,776 -0.7%
2014	$274	$17,896 -0.1%
2013	--	$17,916 +65%
2012	--	$10,856 +6.1%
2011	--	$10,233 +1.5%
2010	--	$10,082 +2.7%
2009	--	$9,816 +0.1%
2008	--	$9,806 +3%
2007	--	$9,520 +2.5%
2006	--	$9,288 +3%
2005	--	$9,017 +3%
2004	--	$8,754 +1.9%
2003	--	$8,591 +2.4%
2002	--	$8,390 +1.6%
2001	--	$8,258 -13.7%
2000	--	$9,571