Welcome to this immaculately maintained 3-bedroom, 1-bathroom home, offering an exceptional investment opportunity. Currently, the property commands a minimum monthly rent of $1,500, making it a lucrative income-generating asset. This home has seen recent updates, including new paint that breathes new life into its interior. The bathroom now features an upgraded shower tile, enhancing both style and functionality. In 2021, significant investments were made in the property, with the replacement of the HVAC system, hot water heater, and roof, ensuring the home's longevity and efficiency. Beyond its investment potential, this property also presents an attractive option for someone seeking a primary residence. Situated on a quiet road, it offers a peaceful and serene setting, perfect for creating lasting memories.
With fresh paint enhancing its aesthetic appeal, this home is ready to welcome its next owner. It's not just a home; it's a block-made fortress designed to stand strong against whatever life throws at it. Whether you're looking for a promising investment or a comfortable place to call home, this property offers a versatile and appealing opportunity. Don't miss your chance to explore its potential and make it yours today.
Sold for $110,000
$110,000
702 Cactus Ave, Panama City, FL 32401
3beds
950sqft
Single Family Residence
Built in 1952
8,712 Square Feet Lot
$160,500 Zestimate®
$116/sqft
$1,407 Estimated rent
Home value
$160,500
$143,000 - $177,000
$1,407/mo
Zestimate® history
Owner options
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$1,407/mo
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$581/mo
Est. payment
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$581/mo
Est. payment
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List your homeWhat's special
Hvac systemBlock-made fortressNew paintFresh paintUpgraded shower tile
Zillow last checked:
Listing updated:
Listed by:
Nathan Lawrence 850-783-2302,
Keller Williams Success Realty
Bought with:
Matthew Bowles, SL3552024
World Impact Real Estate
Source: CPAR,MLS#: 748161
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom, Full Bath, Kitchen, Laundry, Living Room, Primary Bedroom
Primary bedroom
- Level: First
- Dimensions: 17.5 x 10
Bedroom
- Level: First
- Dimensions: 13 x 9.5
Bedroom
- Level: First
- Dimensions: 15.5 x 9.7
Other
- Level: First
- Dimensions: 7 x 5.1
Kitchen
- Level: First
- Dimensions: 10.1 x 8.2
Laundry
- Level: First
- Dimensions: 12.3 x 4.7
Living room
- Level: First
- Dimensions: 14.4 x 11.5
Cooling
- Central Air
Appliances
- Included: Electric Oven
Interior area
- Total structure area: 950
- Total interior livable area: 950 sqft
Property
Lot
- Size: 8,712 Square Feet
- Dimensions: 93.5 x 94.5 x 93.5 x 95
- Features: Paved
Details
- Parcel number: 16224000000
- Zoning description: Resid Single Family
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Block, Vinyl Siding
- Roof: Composition,Shingle
Condition
- Year built: 1952
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Available, Water Connected
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: [No Recorded Subdiv]
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $116/sqft
- Tax assessed value: $96,212
- Annual tax amount: $1,043
- Date on market: 10/20/2023
- Cumulative days on market: 8 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 11/6/2023 | Sold | $110,000-8.3%$116/sqft |
Source:  CPAR #748161 Report a problem | ||
| 10/30/2023 | Pending sale | $120,000$126/sqft |
Source: CPAR #748161 Report a problem | ||
| 10/20/2023 | Listed for sale | $120,000+585.7%$126/sqft |
Source: CPAR #748161 Report a problem | ||
| 10/26/2000 | Sold | $17,500$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,817 +55.2% | $96,212 +67.7% |
| 2023 | $1,171 +12.2% | $57,379 +10% |
| 2022 | $1,043 | $52,163 |
| 2021 | -- | -- |
| 2020 | $902 +31.3% | $42,390 -0.2% |
| 2019 | $687 | $42,491 -6.4% |
| 2018 | $687 -0.1% | $45,412 +1.2% |
| 2017 | $688 +2.2% | $44,882 -0.6% |
| 2016 | $673 -5.9% | $45,140 -0.5% |
| 2015 | $715 | $45,349 -2.3% |
| 2014 | $715 | $46,396 -0.6% |
| 2013 | -- | $46,654 -4.1% |
| 2012 | -- | $48,625 -11.7% |
| 2011 | -- | $55,056 -8.1% |
| 2010 | -- | $59,888 -0.5% |
| 2009 | -- | $60,189 -5.6% |
| 2008 | -- | $63,760 -31% |
| 2007 | -- | $92,404 +82.9% |
| 2006 | -- | $50,512 +32.5% |
| 2005 | -- | $38,115 +24.4% |
| 2004 | -- | $30,645 +10.2% |
| 2003 | -- | $27,814 +6.5% |
| 2002 | -- | $26,115 +6.4% |
| 2001 | -- | $24,549 +11.6% |
| 2000 | -- | $22,000 |
Find assessor info on the county website
Neighborhood: 32401
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Nearby schools
GreatSchools rating
- 5/10Merriam Cherry Street Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10Jinks Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Cherry Street
- Middle: Jinks
- High: Bay
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
- Panama City
- 32401
- 702 Cactus Ave
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