Remarkable Investment Opportunity. Almost 1/2 acre of beautiful land in the heart of St. Andrews with multi-family income producing residential rental units. This corner lot is on the South side of 16th St & Drummond Ave. near St. Andrews Bay. This property has 3 seperate buildings, including 2 single family homes and a dulplex homes....All currently occupied Do Not Disturb. All information is true to the best of our ability and should be verified for accuracy
Sold for $125,000
$125,000
3900 W 16th St, Panama City, FL 32401
6beds
4,404sqft
MultiFamily
Built in 1940
-- sqft lot
$324,700 Zestimate®
$28/sqft
$1,615 Estimated rent
Home value
$324,700
$227,000 - $442,000
$1,615/mo
Zestimate® history
Owner options
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$1,615/mo
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$1,615/mo
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$661/mo
Est. payment
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$661/mo
Est. payment
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Forced air
Cooling
- Other
Features
- Flooring: Hardwood
Interior area
- Total interior livable area: 4,404 sqft
Property
Parking
- Total spaces: 7
- Parking features: Garage
Features
- Exterior features: Shingle
Lot
- Size: 0.4 Acres
- Features: Corner
Details
- Parcel number: 28429000000
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- Year built: 1940
Utilities & green energy
- Utilities for property: All Utilities
Community & HOA
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $28/sqft
- Tax assessed value: $120,515
- Annual tax amount: $1,805
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2025 | Sold | $125,000+15.8%$28/sqft |
Source: Public Record Report a problem | ||
| 2/6/2018 | Sold | $107,900-27.6%$25/sqft |
Source:  CPAR #662032 Report a problem | ||
| 1/20/2018 | Pending sale | $149,000$34/sqft |
Source: Realty Check Real Estate Services #662032 Report a problem | ||
| 1/17/2018 | Price change | $149,000-54%$34/sqft |
Source: Realty Check Real Estate Services #662032 Report a problem | ||
| 1/14/2018 | Price change | $323,900-10.9%$74/sqft |
Source: Realty Check Real Estate Services #662032 Report a problem | ||
| 12/21/2017 | Listed for sale | $363,500-15.6%$83/sqft |
Source: Realty Check Real Estate Services #662032 Report a problem | ||
| 8/26/2017 | Listing removed | $430,500$98/sqft |
Source: Realty Check Real Estate Services #662032 Report a problem | ||
| 8/15/2017 | Listed for sale | $430,500$98/sqft |
Source: Realty Check Real Estate Services #662032 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,805 +8.4% | $82,672 +10% |
| 2023 | $1,664 +14.8% | $75,156 +10% |
| 2022 | $1,450 | $68,324 |
| 2021 | -- | -- |
| 2020 | $1,066 +24% | $54,430 +2.4% |
| 2019 | $859 | $53,162 -50.8% |
| 2018 | $859 -47.5% | $108,153 +5.8% |
| 2017 | $1,638 +6.9% | $102,197 +2.5% |
| 2016 | $1,532 -1.9% | $99,663 +0.6% |
| 2015 | $1,562 | $99,029 +0.8% |
| 2014 | $1,562 | $98,269 |
| 2013 | -- | $98,269 -8.3% |
| 2012 | -- | $107,140 -6.1% |
| 2011 | -- | $114,109 +0.9% |
| 2010 | -- | $113,096 -30.9% |
| 2008 | -- | $163,658 +265.2% |
| 2007 | -- | $44,818 +2.5% |
| 2006 | -- | $43,725 +8.5% |
| 2005 | -- | $40,284 +3% |
| 2004 | -- | $39,111 +1.9% |
| 2003 | -- | $38,382 +2.4% |
| 2002 | -- | $37,482 +1.6% |
| 2001 | -- | $36,892 +1.1% |
| 2000 | -- | $36,478 |
Find assessor info on the county website
Neighborhood: 32401
Nearby homes
- $212,8001 bd1 ba-- sqft3912 W 16th St, Panama City, FL 32401Off Market
- $181,8003 bd1 ba1.1k sqft1613 Drummond Ave, Panama City, FL 32401Off Market
- $212,8001 bd1 ba-- sqft3910 W 16th St, Panama City, FL 32401Off Market
- $699,6009 bd5 ba2.3k sqft3920 W 16th St, Panama City, FL 32401Off Market
- $246,5002 bd2 ba1.1k sqft1615 Drummond Ave, Panama City, FL 32401Off Market
- $351,6003 bd2 ba2.4k sqft1604 Isabella Ave, Panama City, FL 32401Off Market
- $507,1003 bd3 ba2.3k sqft1602 Drummond Ave, Panama City, FL 32401Off Market
- $337,2005 bd3 ba2.9k sqft1604 Drummond Ave, Panama City, FL 32401Off Market
Nearby schools
GreatSchools rating
- 4/10Lucille Moore Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 2/10Jinks Middle SchoolGrades: 6-8Distance: 2.6 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 3.1 mi
Schools provided by the listing agent
- Elementary: Oakland Terrace
- Middle: Jinks
- High: Bay
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$324,700
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+$6,494
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$331,194
- Florida
- Bay County
- Panama City
- 32401
- 3900 W 16th St
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