$1,380,600
SOLD DEC 31, 2024

2228 E 17th St Panama City, FL 32405

15 Beds
13 Baths
7,120 Sq Ft
0.96 Acres

Recently Sold

$194 Per Sq Ft

14% Below List Price

181 Days on Market

Highlights

  • 0.96 Acre Lot
  • Central Air
  • 1-Story Property
  • Living Room

About This Home

As of December 2024

Don't miss out on this exceptional investment opportunity to own a portfolio of five duplexes and a triplex, totaling 13 individual units. Nestled on almost an acre of land, these single-story properties enjoy a coveted location near Tyndall Air Force Base and downtown Panama City. Each unit provides convenience with two designated parking spaces and central HVAC system. Inside, tenants will appreciate the sleek, practical design featuring luxury vinyl plank flooring and up-to-date appliances, ensuring a comfortable and budget-friendly living experience. The duplexes feature one-bedroom, one-bathroom layouts, while the spacious green duplex offers two-bedroom units, ideal for families or those desiring extra space. Meanwhile, the triplex features three one-bedroom, one-bathroom units. This property is managed by a rental management company. Providing affordable housing options within a vibrant community, this investment opportunity promises a stable income and long-term potential for investors. All units are currently under annual leases.

Last Agent to Sell the Property

Taylor Moorman

Scenic Sotheby's International Realty License #3570743 Listed on: 05/10/2024

Scenic Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,091

Year Built

  • Built in 2020

Lot Details

  • 0.96 Acre Lot

Home Design

  • Duplex

Interior Spaces

  • 7,120 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 13 Full Bathrooms

Schools

  • Cedar Grove Elementary School
  • Mowat Middle School
  • Bay High School

Utilities

  • Central Air
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 14740-040-000, 020-010, 020-000, 022-000, 021-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,091

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Sub Type: Attached Single Unit
  • Prop. Type: Residential
  • Lot Size Acres: 0.96
  • Subdivision Name: No Named Subdivision
  • Directions: From Hwy 98 and Sherman, head North on Sherman, turn left at 17th Street. (5) Duplexes and (1) Triplex on the left just behind the commercial lot on the corner of Sherman & 17th Street.
  • Architectural Style: Duplex
  • Carport Y N: No
  • New Construction: No
  • Building Stories: 1
  • Year Built: 2020
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 13
  • Total Bedrooms: 15

Exterior Features

  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric, Public Sewer, Public Water

Schools

  • Elementary School: Cedar Grove
  • High School: Bay
  • Middle Or Junior School: Mowat

Lot Info

  • Lot Size Sq Ft: 41817.6
  • Parcel #: 14740-040-000, 020-010, 020-000, 022-000, 021-000
  • Zoning: Resid Multi-Family
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Dec 20, 2024
Sold by
Phan Enterprises Llc
Bought by
Edmond Bo Daniel
Seller's Agent
Taylor Moorman
Scenic Sotheby's International Realty
List Price
$1,600,000
Sold Price
$1,380,600
Premium/Discount to List
-$219,400
-13.71%
Views
50
Current Estimated Value
$973,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$407,207
Avg. Annual Appreciation
-40.19%
Original Mortgage
$341,920
Outstanding Balance
$339,836
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$633,557

Purchase Details

Closed on
Oct 11, 2022
Sold by
Cooper Regina
Bought by
Phan Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$952,500
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2020
Sold by
Ameris Bank
Bought by
Cooper Regina

Purchase Details

Closed on
Sep 20, 2019
Sold by
Hpip Llc
Bought by
Ameris Bank

Purchase Details

Closed on
May 15, 2006
Sold by
Smith David F
Bought by
Hpip Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,200
Interest Rate
6.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2002
Sold by
Walters Leonard E and Walters Virginia C
Bought by
Walters Leonard E and Walters Virginia C

Purchase Details

Closed on
Sep 12, 2002
Sold by
Robinson Steven R and Robinson Fay L
Bought by
Robinson Steven R and Robinson Fay L

Purchase Details

Closed on
Sep 29, 2000
Sold by
Berry Wallace C and Berry Wanda
Bought by
Walters Leonard E and Walters Virginia C
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $427,400 Clear Title
Warranty Deed $1,270,000 --
Special Warranty Deed $80,000 Attorney
Special Warranty Deed $102,185 Attorney
Warranty Deed $669,000 Attorney
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Warranty Deed $350,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $341,920 New Conventional
Previous Owner $952,500 New Conventional
Previous Owner $535,200 Commercial
Previous Owner $156,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2024 12/31/24 Sold $1,380,600 -8.0% $194 / Sq Ft
11/07/2024 11/07/24 Pending -- -- --
07/16/2024 07/16/24 Price Changed $1,500,000 -6.3% $211 / Sq Ft
05/10/2024 05/10/24 For Sale $1,600,000 -- $225 / Sq Ft
Source: Emerald Coast Association of REALTORS®

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 $4,091 $315,093 $29,988 $285,105
2023 $4,091 $313,917 $28,812 $285,105
2022 $2,595 $210,917 $20,972 $189,945
2021 $2,231 $187,582 $19,600 $167,982
2020 $236 $19,600 $19,600 $0
2019 $235 $19,600 $19,600 $0
2018 $1,455 $106,426 $0 $0
2017 $1,508 $108,745 $0 $0
2016 $1,575 $111,064 $0 $0
2015 $1,646 $112,803 $0 $0
2014 $1,667 $114,544 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Taylor Moorman

    Seller's Agent in 2024

    Taylor Moorman

    Scenic Sotheby's International Realty

    (414) 852-4209

    1 in this area

    29 Total Sales

    Taylor Moorman
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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 949535

Emerald Coast Association of REALTORS®

APN: 14740-040-000

Florida Bay County Panama City 32405

2228 E 17th St, Panama City, FL

This home is located at 2228 E 17th St, Panama City, FL 32405 and is currently priced at $1,380,600, approximately $193 per square foot. This property was built in 2020. 2228 E 17th St is a home located in Bay County with nearby schools including Cedar Grove Elementary School, Mowat Middle School, and Bay High School.

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.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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