INVESTOR OPPORTUNITY!!! Land development investment opportunity in one of the fastest growing locations in the Panhandle! SELLER WILL CONSIDER OWNER FINANCING!!! Explore the potential of 8 acres of land in one of the fastest growing areas of the Panhandle. As per Panhandle Engineering study, the property could accommodate 15 homes which makes this an outstanding investment opportunity!There is a 3-bedroom house, barn, and pasture, on the property considered to be of no value. However, the true value lies in the land itself and its strategic location. Given the expected growth in West Bay and its surroundings, this property offers an appealing investment prospect, especially for developers. With the current zoning allowing for R-1 and R-2 use, there is significant building potential just a quick 20-minute drive to the Airport, 30 minutes to the Beaches, and roughly 15 minutes to Panama City. This is an opportunity not to be missed!
Property Details
Property Features
Listing Office:
Office Name: Chipola Realty, Chipley Office
Lot Features
Lot Information:
Lot Size: 8.00 Acres
Other
Directions Information:
Directions: Traveling N on Hwy 77 from Lynn Haven, Turn left on Liberty Ave, Turn right on 1st Avenue. Continue on to turn right on Madison Avenue (the right turn onto Madison does not have a street sign, only a Dead End sign but ''Madison Ave'' sign will be shown on left hand turn) Turn right on Madison Ave, property will be at the end of Madison Ave on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $195,000
Tax Information:
Annual Amount: $2,969
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Southport, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,041
Per Month
Principal & Interest
$974
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$651
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Southport Elementary School
1835 Bridge St
Distance between this listing and this school0.71 miles
Public District Grades PK-5
4
/10
Lynn Haven Elementary School
301 W 9th St
Distance between this listing and this school3.36 miles
Public District Grades PK-5
4
/10
Deer Point Elementary School
4800 Highway 2321
Distance between this listing and this school4.34 miles
Public District Grades KG-5
Nearby Schools
4
/10
Mowat Middle School
1903 W Highway 390
Distance between this listing and this school4.50 miles
Public District Grades 6-8
8
/10
North Bay Haven Charter Academy Middle School
1 Buccaneer Dr
Distance between this listing and this school5.23 miles
Public Charter Grades 6-8
7
/10
Bay Haven Charter Middle School
2501 Hawks Landing Blvd
Distance between this listing and this school5.71 miles
Public Charter Grades 6-8
Nearby Schools
9
/10
North Bay Haven Career Academy
1 Buccaneer Dr
Distance between this listing and this school5.23 miles
Public Charter Grades 9-12
5
/10
A Crawford Mosley High School
501 Mosley Dr
Distance between this listing and this school5.77 miles
Public District Grades 9-12
6
/10
Deane Bozeman School
13410 Highway 77
Distance between this listing and this school7.31 miles
The neighbors living near this home have an average income of $36,980. Most Southport, FL residents have annual incomes less than $35k. Typical family type 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 7909 Madison Ave
What is the listing price of this property?
The listing price of 7909 Madison Ave property is $195,000.
What type of property is this?
The property 7909 Madison Ave is land located in Southport, Florida, 32409.
Is this property for sale now?
Active Listing: 7909 Madison Ave 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 2020 is $2,969 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 12, 2005 for $300,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 7909 Madison Ave in Southport, FL and zip code 32409. This home sits on a 8.00 acre lot. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $195,000.
In October 2024, from all listings sold in Southport, FL there were more than 1 sold above asking price, over 16 sold below and more than 4 were sold right at the asked price. The number of listings in Southport, FL decreased by 9.5% between September 2024 and October 2024. Listings spent 81 days on the market in October 2024, and had a median list price of $435,124 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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.
Hunting
Hunting
NASCAR
Pro Wrestling
Wal-Mart
Dollar General
Academy Sports & Outdoors
Hardee's
Jimmy Johns
Applebees
Ram
GMC
Chevrolet
Classic Country
New Country