829 Clarence Ln, Panama City

Usage

Single Family

Address:

829 Clarence Ln
Panama City
FL 32404

Property Size:1,787 sq ft
Acreage:0.34
Year Built:1975
Property Class:B4
Lat, Long: 30.132, -85.572

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

Google Street View  of 829 Clarence Ln, Panama City, FL 32404
Welcome to Visulate

Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

Contact us if you want to buy or sell real estate in Panama City:

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Estimated Value: 829 Clarence Ln

Market Data

In 2013 class A single family properties in Panama City sold for $87.24 to 909.53 per sq ft with a median price per sq ft of $101.52. Class B properties sold for $40.34 to 87.23 per sq ft with a median of $66.79 and class C properties sold for $10.05 to 40.33 per sq ft with a median of $33.84.

Market Valuation

829 Clarence Ln appears to be a B Class property. Suggested value: $118,541

HighMedianLow
Value154,818 118,541 71,597

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $59,286. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 829 Clarence Ln:

  • The Household Income estimate assumes the tenant has a total household income of $69,485 and spends 30% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $1,737
Household Income - Renters $1,158
Market Rents $998
Price/Ft $1,348

Expense Estimates:

  • Census data records show 17% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 829 Clarence Ln. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent998
Annual Rent per Sq Ft7.00
Gross Annual Rent11,978
Vacancies and Bad Debt22%
Vacancies and Bad Debt Amount2,635
Maintenance929
HOA, Utilities and CAM0
Property Taxes1,557
Insurance1,509
Management Fees1,198
NOI4,150
Cap Rate7
Estimated Value59,286
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Bay County, Florida

Bay County is in North West Florida. The main cities in Bay County are Panama City (population 36,484), Lynn Haven (population 18,493) and Panama City Beach (population 12,018)

[Property Apprasier] [Tax Record]
Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $61,094. The bottom 10% of the population earn less than $20,331 per year. The top 10% earn more than $140,465 per year. The top 1% earn more than $459,925 per year. Most renters earn between $30,156 (20th percentile) and $56,424 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $938. Most renters earn between $2,513 and $4,702 per month. They typically spend 30% of their monthly income on rent. Most rents fall in the $673 (20th percentile) to $1,247 (80th percentile) range. The residential vacancy rate is 17%.

Links

  1. 829 Clarence Ln, Panama City, FL on Zillow
  2. Recent Sales near 829 Clarence Ln, Panama City, FL on Realtor.com
  3. 829 Clarence Ln, Panama City, FL on Google Maps
  4. 829 Clarence Ln Walkscore
  5. Panama City, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies at this Address

  1. Principal Address for Bdm Locistics, LLC
  2. Mailing Address for Bdm Locistics, LLC

Companies near this Address

  1. Bdm Locistics, LLC (829 Clarence Ln)
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.