505 Cactus Ave, Panama City, FL 32401

2 beds1 bath736 sqft Edit

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Sold: $25,000
Sold on 10/24/13
Zestimate®: $58,279
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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Foreclosure!!!! This attractive Florida Cottage is ready for the handyman or investor. A gem in the rough and only steps to the bay. This property is eligible under the Freddie Mac First Look Initiative through 08/28/2013. During the first 15 days a home is listed for sale in the MLS, only offers from owner-occupants, public entities or their designated partners will be considered. Offers from investors may be submitted, but they will not be considered until after the initial 15 days of the listing. Seller will offer an allowance up to $500 to owner-occupant buyers towards the buyer's purchase of a home warranty of their choice. IN ADDITION to normal Buyer closing costs, Buyer pays Doc Stamps on the Deed, closing fee of $250 and electronic recording fee of $27.50. If asking for closing cost assistance the maximum they will consider is 3% of the purchase price for owner occupants with financing. Investor sales are not eligible for buyer closing cost assistance. Closing cost assistance cannot go towards transfer fees, doc stamps on the deed, doc stamps on the note, HOA transfer fees. Cash offer must have proof of funds letter from bank or offer will not be submitted. EMD must be wired and wire instructions will be provide when property is under contract. Freddie Mac does not complete mold or problem drywall remediation or provide any type of clearance or certification to the buyer.  More Less 

Facts

  • Lot: 5,401 sqft
  • Single Family
  • Built in 1940
  • Views: 628 all time views
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Oct 2013 for $25,000
  • Last sale price/sqft: $34

Features

  • Porch

      Appliances Included

      • Dishwasher
      • Range / Oven
      • Refrigerator

      Construction

      • Construction quality:
        6.0
        Provided by the county assessor, this grade is based on a scale that varies by market. For more information, or to update the grade, contact the county assessor's office.
      • Exterior material: Vinyl
      • Roof type: Other
      • Stories: 1
      • Structure type: Other
      • Unit count: 1

      Other

      • Floor size: 736 sqft
      • Last remodel year: 1985
      • Lot depth: 120
      • Lot width: 45
      • Parcel #: 22186000000
      • Zillow Home ID: 42775544

      Zestimate Details

      Zestimate
      A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

      The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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      $58,279
      +$2,231 Last 30 days
      $45K
      $70K
      Zestimate range
      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $752/mo
      +$7 Last 30 days
      $677
      $895
      Zestimate range
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      $XXX,XXX
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      Popularity on Zillow

      If this home is listed on Zillow, it will reach the largest real estate network on the web.*
      628 all-time views
      of this home (chart)
      163 forecasted views of this home
      in the first 7 days after listing for sale
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      Comparable Homes

      Homes like this sold for $36-80K.

      $30K
      $90K

      Mortgages

      Home Expenses

      Internet, phone and TV
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      Neighborhood

      Market guide

      Zillow predicts 32401 home values will fall 1.2% next year, compared to a 0.7% decrease for Panama City as a whole. Among 32401 homes, this home is valued 26% less than the midpoint (median) home, and is valued 50% less per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In 32401, the number of foreclosures waiting to be sold is 8.6% less than in Panama City, and 21% higher than the national average. This lower local number could help 32401 home values rise more quickly than other regions in Panama City.

      Learn more about forecast calculations or 32401 home values.
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        Nearby Schools in Panama City

        GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

        Data by GreatSchools.org