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
Latitude:30.132
Longitude:-85.572

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

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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Please quote reference number: 1712622 in your email

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Bay County, Florida

Bay County is part of the Northwest Florida region. The largest industries by employment for Bay County are educational, health and social services; retail trade, and arts, entertainment, recreation, accommodation and food services. Bay County's white sand beaches and clear blue waters attract many visitors year round.

Top private sector employers in Bay County are Bay Medical center, Wal-Mart, Eastern Ship Building, Gulf Coast Medical Center, and Smurfit- Stone Container Corporation. Major public sector employers are Tyndall Air Force Base, Naval Support, Bay District schools, Gulf Coast State College, City of Panama City, Bay County Board, and Bay County Sheriff. Cities and towns in Bay County include Callaway, Lynn Haven, Mexico Beach, Panama City (county seat), Panama City Beach, Parker, and Springfield. ..more

[Property Apprasier] [Tax Record]
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Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

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. Panama City, FL Property Values on Trulia
  5. Demographic Data for Zipcode 32404 from City-Data.com
  6. Panama City Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 32404 Zipcode

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)

Bay County Real Estate - Panama City

Panama City is the largest city between Tallahassee and Pensacola and should be distinguished from Panama City Beach, which is an entirely different city. Panama City is a working class, industrial city with a power plant and a paper manufacturer acting as the major employers. Panama City is also home to Tyndall Air Force Base and a US Naval Base. The city acts as a popular fishing and boating location for residents, given its close proximity to the Gulf, but attracts fewer tourists than neighboring areas.

Panama City is in North West Florida. It's population as recorded in the 2010 Census was 36,484. Panama City .

The median age for residents of Panama City is 39.7. Around 27.8% of Panama City households include school aged children and 27.9% of households include individuals aged 65 years or over. Census records indicate 71.6% of the Panama City population are White, 21.9% are Black or African American, .5% American Indian, 1.6% Asian and 2.8% are Two or more Races.

There are 17,438 housing units in Panama City. 2,646 (15.1%) of these were reported as vacant in the 2010 Census. There are 8,233 residential rental units in Panama City. 6,909 of them were occupied in 2010 providing a residential rental vacancy rate of 15.8%.

Panama City links:

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%.

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.

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.