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$349,000   Price Analysis
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1416 N Gray Ave
Panama City, FL 32401
3 bed 2 bath 2,080 SqFt ($167/SqFt)
0.44 acre lot. Built 1958
Listed 2024-05-14, Taxes $253
Ⓧ USDA Ineligible
due to location

near Panama City

THREE BUILDINGS FOR THE PRICE OF ONE.

Explore the potential of this expansive property featuring two parcels and three versatile buildings! The primary residence boasts three bedrooms and two baths, offering ample space and comfort. Step into the foyer leading to a sprawling living room, complete with an exterior exit to the backyard. Ascend the wide staircase to discover a open master bedroom with a cozy sitting area, walk-in closet and ensuite bath. The formal dining room and well-appointed kitchen, featuring a breakfast bar, island and plenty of cabinets, await to cater to your culinary needs . Additionally, there are two sizable bedrooms, a full bath and a convenient laundry room with rear access complete the main home.Adjacent to the main residence lies a second building currently utilized as a hair salon, equipped with a half bath and a utility room with a refrigerator , full-sized washer and dryer and storage.

Both parcels are zned R2, with the possibility of continuing salon operations, subject to Bay County Planning Department regulations.Consider the myriad of options available: reside in the main house while managing the salon, occupy the house and lease out the salon space or transform the salon into a separate rental unit with minimal modifications. The flexible layout of the primary residence presents further opportunities for division, potentially creating two rental units with the addition of a kitchenette and laundry facilities.Completing this enticing package is a 35x11 workshop with power adjacent to the salon, offering unlimited possibilities for creative endeavors. Unleash your imagination, leverage your skills and tailor this exceptional property to suit your vision and requirements.


Presented by Michelle Ginn at
Neubauer Real Estate, Lynn Haven.
Listing Agent Photo

Property MLS #757097 from CPARMLS

Bedrooms: 3
Primary Bedroom Dimensions: 21 x 15
Primary Bedroom Level: Second
Primary Bedroom Features: Sitting area and walk-in closet

Total Bathrooms: 2
Full Bathrooms: 2

BreakfastBar
KitchenIsland
EntranceFoyer
Workshop

Dryer
Dishwasher
ElectricRange
ElectricWaterHeater
Microwave
Refrigerator
WarmingDrawer
Washer
Laundry Features: WasherHookup, DryerHookup

Workshop: 35 x 11 x First
Laundry: 9 x 8
Laundry Level: First
Foyer: 11 x 10
Foyer Level: Other
Bedroom: 14 x 12
Bedroom Level: First
Bedroom: 15 x 12
Bedroom Level: First
Living Room Dimensions: 31 x 15
Studio Dimensions: 29 x 20
Living Room Level: First
Studio Level: First
Living Room Features: Spacious LR with exterior exit
Studio Features: Currently Hair Salon

Cooling Features: CentralAir, CeilingFans, WindowUnits
Heating Features: Central, Electric
Heating: Yes

Dining Room Dimensions: 15 x 11
Dining Room Level: First
Kitchen Dimensions: 19 x 11
Kitchen Level: First

Other Structures: Outbuilding, Workshop
Road Surface Type: Paved

Covered Spaces: 1
Other Parking: Driveway Spaces:10.00
Parking Features: AdditionalParking, Carport, Driveway, Paved

Lot Size Acres: 0.4399908
Lot Size Dimensions: 190x100
Lot Size Square Feet: 19166

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

Cedar Grove Elementary School is a public elementary school located approximately 0.3 miles away.
directions icon Map directions

Bay High School is a public high school located approximately 2 miles away.
directions icon Map directions

Mowat Middle School is a public middle school located approximately 4.2 miles away.
directions icon Map directions

Beacon Preparatory Academy is a private elementary and middle school located approximately 1.2 miles away.
directions icon Map directions

Calculated Total Monthly Association Fees: 0

Community Features: ShortTermRentalAllowed

Annual Tax Amount: 919
Source Listing Status: Active
County: Bay
Directions: East on 15th Street, right on N. Gray Ave. (a block before East Ave.), house on left
Tax Year: 2023
Source Property Type: Residential
MLS Area Minor: 0202 - Bay - Central SE
Source Neighborhood: No Named Subdivision
Parcel Number: 15824-000-000
Postal City: Panama City
Subdivision: No Named Subdivision
Zoning Description: County
Property Subtype: Detached
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$76,497
$253
2021$unknown + $unknown
$74,269
$256
2020$unknown + $unknown
$58,984
$170
2019$47,231 + $15,800
$63,031
$194
2018$unknown + $unknown
$72,699
$259
2017$unknown + $unknown
$71,204
$258
2016$unknown + $unknown
$69,739
$254
2015$unknown + $unknown
$69,254
$268
2014$unknown + $unknown
$68,704
$267
2013$unknown + $unknown
$67,689
$255
2012$unknown + $unknown
$79,480
$578
2011$unknown + $unknown
$77,541
$577
2010$unknown + $unknown
$80,462
$629
2009$unknown + $unknown
$79,757
$439
2008$unknown + $unknown
$80,664
$417
2007$unknown + $unknown
$103,693
$941

Price Changed 2024-06-11
$349,000
CPARMLS
Listed 2024-05-14
$395,000
CPARMLS

Total Square Feet Living: 2080
Year Built: 1958
Construction Materials: Stucco
Entry Level: 1
Foundation Details: Slab
Living Area Source: Appraiser
Property Age: 66
Roof: Shingle
House Style: Traditional
Architectural Style: Traditional

ElectricityConnected
SewerConnected
WaterConnected
Click Thumbnail Images To View Full Size
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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.