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2638 State Ave, Panama City, FL 32405
2638 State Ave, Panama City, FL 32405
$299,990 - Single Family
2989 sq ft 4 Bedrooms 2.5 Bathrooms 1 Garage 1980 Year Built

Additional Details

  • Important Details: --> VACANT AT CLOSING! --> Assessed at $246k! --> Flood zone X!
  • Features: Rare deal in Panama City! This 4 bedroom, 2.5 bathroom home features 2,989 sqft of living space with an attached 1-car garage. Very clean, updated property that sits on a .46-acre lot. Conveniently located nearby Hwy 98 and Hwy 231 and a short drive to Tyndall AFB or St Andrews State Park!
  • Potential ARV: $375,000 - $415,000
  • Rehab Description: Slap and list! Deep clean and apply fresh interior paint. Spot repair/replace some trim/fixtures. Replace garage door. Roof and central HVAC replaced in 2018. Kitchen appliances replaced in 2018. Electrical and plumbing in great shape. Finish up with landscaping to boost curb appeal! Optionally, update the kitchen, bathrooms, and flooring to increase value and set the market.
  • Estimated Rehab: $10,000 - $30,000
  • Comparable Rent: $2800
  • Ideal Investment Strategy: Rental/Resale
  • Construction: Frame
  • Comp 1: 2712 Pembroke Dr, Panama City, FL 32405 3/2.5, 2942 sqft SOLD $390k in AUGUST 2023 (1988 build, updated)
  • Comp 2: 2710 State Ave, Panama City, FL 32405 3/3, 2296 sqft CONTINGENT $375K (1973 build, partially updated, 693 sqft smaller)
  • Comp 3: 300 Cascade St, Panama City, FL 32405 4/3, 2503 sqft SOLD $416K in MARCH 2023 (1983 build, updated, 486 sqft smaller)
  • Comp 4: 103 Wood Trl, Panama City, FL 32405 3/2.5, 2557 sqft SOLD $420k in APRIL 2023 (2001 build, partially updated, 3-car garage)
Property Location