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5118 Lake Dr, Panama City, FL, 32404

$229,597

Home List Price

$2,726*

Closing Credit

3 Bedrooms
1 Full Bath
1,140 SqFt
$201/SqFt
House

Location

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5118 Lake Dr, Panama City$229,597

Buyer Closing Credits

$2,726*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1974
HeatingCentral
CoolingCentral Air
MLS #764686
Lot Size0.51 Acres
StatusActive

About 5118 Lake Dr

Welcome to 5118 Lake Dr, Panama City, FL! This beautifully renovated home sits on a spacious half-acre lot, offering ample outdoor space for gardening, entertaining, or relaxing. Inside, enjoy modern upgrades like brand new quartz countertops that add elegance and durability to the kitchen. The property has been fully updated with new wiring and a brand new AC system, ensuring comfort and energy efficiency. The bathroom features a stylish, fully tiled shower for a spa-like experience. This move-in-ready gem combines fresh updates with a generous lot--perfect for those seeking space and style in a prime location!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1974
  • Living Area: 1,140 SqFt

Listing Office:

  • Office Name: EXP Realty LLC

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.51 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Start by getting on US-231 S (if coming from the north) or US-98 E (if approaching from the west).Take US-98 E / E 15th St to reach the area near Lake Dr.Head south on Transmitter Rd and then take a turn toward Lake Dr

Price Information

Listing Price Info

Price Summary:

  • List Price: $229,597
  • Price Per SqFt: $201/SqFt

Tax Information:

  • Annual Amount: $312
  • Tax Year: 2018
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

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Panama City, FL

City

Med. Sold Price

$339.2K

Med. Price/SqFt

$201

Avg. Days On Market

79

# of Sold Homes

166

5118 Lake Dr vs Panama City

45 DAYS ON ROCKET

-34 Days

$229,597

-$109.6K Less

$201/SqFt

-$0 Less

KEY TAKEAWAY

This property is $109.6K less than the Median Sold Price and $0/SqFt less than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #764686

Listing Office:

  • Office Name: EXP Realty LLC

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 4:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020 - $23,751
2018$312$56,957
2017$316$56,343

History based on county public records data.

Payment Calculator

$1,213

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$755

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-874089
3
/10

  • Parker Elementary School

  • 640 S Highway 22 A

  • 0.20 miles

  • Public District Grades PK-5

school-card-donut-874090
3
/10

  • Callaway Elementary School

  • 7115 E Highway 22

  • 2.16 miles

  • Public District Grades KG-5

school-card-donut-874091
1
/10

  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 2.99 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,500. The most common annual income of people living in Panama City, FL is less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5118 Lake Dr

What is the listing price of this property?

The listing price of 5118 Lake Dr property is $229,597.

What type of property is this?

The property 5118 Lake Dr is a house located in Panama City, Florida, 32404.

Is this property for sale now?

Active Listing: 5118 Lake Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2018 is $312 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5118 Lake Dr has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5118 Lake Dr is 1,140 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5118 Lake Dr is 1974.

Rocket Homes›Florida›Bay County›Panama City›32404›5118 Lake Dr

This home is located at 5118 Lake Dr in Panama City, FL and zip code 32404. This 1,140 square foot home, which was built in 1974, sits on a 0.51 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $229,597.

While more than 13 listings in Panama City, FL in November 2024 were sold above asking price, there were more than 33 listings sold at asking price, and more than 120 were sold below. Between October 2024 and November 2024, Panama City, FL real estate market has seen decrease in the number of listings by 3.9%. In November 2024 median list price was $339,223 and the average listing age was 79 days.

From Rocket Homes Real Estate and based on county public records data.

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