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$375,000   Price Analysis
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405 E 4th St
Panama City, FL 32401
4 bed 4 bath 2,080 SqFt ($180/SqFt)
0.72 acre lot. Built 1946
Listed 2023-11-09, Taxes $1,972
Ⓧ USDA Ineligible
due to location

near Panama City

'CURRENTLY UNDER CONTRACT

* No Longer For Sale *
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SELLER ACCEPTING BACKUP OFFERS' Spectacular WATERFRONT property nestled along Massalina Bayou offers effortless access to deep waters for fishing and memorable days at Shell Island! This fantastic opportunity includes the adjacent vacant corner lot at 403 E 4th St, which is ready for development. You'll have a generous 168.8 feet of combined water frontage, makin g it a waterfront dream.Located steps from the charming attractions of historic downtown Panama City, this quadriplex features one-bedroom, one-bathroom units with long-term tenants in place.

While it requires some tender loving care, there's immense potential waiting to be unlocked.The property boasts a brand-new roof installed in July 2020, ensuring solid protection. However, some interior updates are needed due to water damage incurred prior to the roof replacement. With its prime location and incredible possibilities, this proprty is an exciting prospect for savvy investors.


Presented by Nathan Lawrence - Lawrence & Associates Keller Williams at
KELLER WILLIAMS SUCCESS REALTY.
Listing Agent Photo

Property MLS #749082 from CPARMLS

Bedrooms: 4

Total Bathrooms: 4
Full Bathrooms: 4

ElectricWaterHeater

Cooling Features: WindowUnits

Fence
Other Structures: Workshop
Road Frontage Type: CityStreet
Road Surface Type: Paved

Bayou
GulfAccess
DeededAccess
Waterfront

Lot Description: CornerLot, Level, Waterfront
Lot Size Acres: 0.7219927
Lot Size Dimensions: 255 x 165 x 260 x 170
Lot Size Square Feet: 31450

Parking Features: Driveway

View: Bay

Elementary School: Cherry Street
High School: Bay
Middle School: Jinks

Merriam Cherry Street Elementary School is a public elementary school located approximately 0.9 miles away.
directions icon Map directions

Bay High School is a public high school located approximately 1 miles away.
directions icon Map directions

Jinks Middle School is a public middle school located approximately 1.2 miles away.
directions icon Map directions

Panama City Marine Institute is a private middle and high school located approximately 0.4 miles away.
directions icon Map directions

Calculated Total Monthly Association Fees: 0

Community Features: ShortTermRentalAllowed, Waterfront

Annual Tax Amount: 1972
Source Listing Status: Closed
County: Bay
Directions: From Hathaway Bridge, Follow US-98 W to Frankford Ave, Turn right onto Frankford Ave, Continue on US-98 BUS E/W Beach Dr , Turn Right on Magnolia Ave, Turn Left on E 4th St and cross over bridge/Massalina Bayou. The destination is on your left.
Tax Year: 2022
Source Property Type: Residential
MLS Area Minor: 0203 - Bay - Central SW
Source Neighborhood: No Named Subdivision
Parcel Number: 20456-000-000
Postal City: Panama City
Subdivision: No Named Subdivision
Zoning Description: Resid Single Family
Property Subtype: Quadruplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$57,992
$1,972
2021$unknown + $unknown
$52,720
$1,735
2020$unknown + $unknown
$47,927
$1,571
2019$6,697 + $36,873
$43,570
$704
2018$20,901 + $36,873
$57,774
$874
2017$20,901 + $36,873
$57,774
$865
2016$20,901 + $36,873
$57,774
$885
2015$20,901 + $36,873
$57,774
$911
2014$unknown + $unknown
$57,774
$903
2013$unknown + $unknown
$59,406
$859
2012$unknown + $unknown
$77,129
$1,123
2011$unknown + $unknown
$97,715
$1,443
2010$unknown + $unknown
$111,179
$1,674
2009$unknown + $unknown
$166,259
$2,547
2008$unknown + $unknown
$172,379
$2,492
2007$unknown + $unknown
$196,859
$2,799

Listing removed 2024-06-01
$0
CPARMLS
Listed 2024-05-10
$375,000
CPARMLS
Sold 2024-03-15
$365,000
CPARMLS
Listed 2023-11-09
$375,000
CPARMLS
Listing removed 2021-09-14
$0
CPARMLS
Listing removed 2021-06-24
$0
NWFlorida
Listed 2021-04-22
$375,000
NWFlorida
Listed 2020-07-21
$375,000
CPARMLS
Sold 1989-12-01
$113,000
Public Record

Total Square Feet Living: 2080
Year Built: 1946
Living Area Source: Appraiser
Property Age: 78
Roof: Composition, Shingle

Sewer: PublicSewer
ElectricityAvailable
SewerAvailable
WaterAvailable
Water Source: Public

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.