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305 Petrel St, Panama City Beach, FL 32413

$359,900
: 3
BD
: 2
BA
: 1,292
SqFt

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List Price: $359,900
Status: ACTIVE
Days on Market: 1
MLS#: 1014452
Subtype: Residential
Style: Beach House
Year Built: 1985
Bedrooms: 3
Bathrooms: 2
Full Baths: 2
Living Area: 1,292
Subdivision: Bid-A-Wee
Neighborhood: Beach - Middle Central
MLS Area Major: Bay County

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Property Description

Flip opportunity Bid-a-wee. No short term rentals. Flooring, paint, landscaping, new HVAC, and possibly a new roof is all you need to get this live-in ready, probably less than $30,000 in remodeling costs. Kitchen has already been remodeled. List price on this property is $359,900 or $278.56 per square foot. Average list price in Bidawee for non-short term rentals is $473.65 per square foot. Average sale price in Bidawee, 12 month historical, non-short term rental is $349.62 per square foot. After Repair Value (ARV) - $349.62 x 1292 square feet = $451,709. There is $91,809.04 in margin before repairs. Do not use the property appraiser site purchase price as a baseline value for making your offer. This was a split family trust and the actual purchase price was significantly higher. Enjoy peaceful living in this 3-bedroom, 2-bath home featuring 1,292 square feet and no HOA. Located in the Bid-A-Wee/Seaclusion area, homeowners have access to five private gates and walkways. Just two miles from Pier Park, Topgolf, Dolly Parton's Pirates Adventure, and restaurants, this quiet location offers convenience while making a wonderful primary residence or second home. Weekly rentals are prohibited by Panama City Beach ordinance, not by Bid-A-Wee.

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Additional Information

Taxes: $3,416
Property Description: Beach House
Zoning: Resid Single Family
Flooring: Laminate
Appliances: Dishwasher, Refrigerator
Heating: Central
Air Conditioning: Central Air, Ceiling Fan(s)
Stories: 1
Roof: Composition
Elementary School: Hutchinson Beach
Middle School: Surfside
High School: Arnold