602 Fernwood Street, Panama City Beach, FL 32407 (MLS# 710675)

Homestead: No

HOA Fee: No

New Buyer Fee: No

Last Taxes: 2918

Last Tax Year: 2020

Brokerage Interest: No Interest

As Is: No

List Price/SqFt: 215.87

Status: Sold

List Date: 2021-04-23

List Price: $895,000

Current Price: $685,000

Sub Area: 0320 - Beach - Middle Central

Community/Resort: None

Waterfront: No

Elementary School: Hutchison Beach

Middle School: Surfside

High School: Arnold

Directions: Travel west on Hutchinson Blvd (aka Middle Beach Rd), once you pass Beach Elementary School, look for Fernwood St and turn left, property will be on the right

Area: 03 - Bay County - Beach

Street #: 602

Street Name: Fernwood

Street Suffix: Street

State: FL

Zip Code: 32407

County: Bay

Subdivision: Daugette Add-Bahm Bch

Parcel ID: 34270-000-000

Legal Description: DAUGETTE ADDITION LOT 18 BLK B ORB 1779 P 1778

Design: N/A

Apx SqFt(Htd/Cooled): 4146

Construction Status: Construction Complete

SqFt Source: Prop App Site

# of Stories in Building: 2

# of Units in Bldg: 4

Lot Dimensions: 60x108

Garage Y/N: No

Sub-Type: Multi Family

Bedrooms: 8

Full Baths: 8

Total Baths: 8

Year Built: 1999

Remarks: CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. Short-term rentals allowed for this Multi- Family property! Less than 2 blocks from Bahama Beach, this building has four units, each with 2BR/2BA, the upstairs units have balconies and the downstairs units have patios. The seller says currently nets $91,000 a year could be 40-50% more if you do short-term. The seller pays sewer, water and trash while the tenants pay electric and cable. Not only is this property close to the Gulf of Mexico, it's also walking distance to several restaurants, a park, a school and more! Fantastic investment opportunity! All info is approx and must be verified by Buyers if important.

Sold Price/SqFt: 165.22

Under Contract Date: 2021-05-28

Sold Date: 2021-08-12

Sold Price: $685,000

Dishwasher: 1

Microwave: 1

Oven - Electric: 1

Range - Electric: 1

Refrigerator: 1

Self Cleaning Oven: 1

Floor - Tile: 1

Brick: 1

Balcony: 1

Patio Covered: 1

Cash: 1

Conventional: 1

FHA: 1

VA: 1

Unfurnished: 1

First: 1

Second: 1

First: 1

Second: 1

Near Beach Access: 1

Within 1/2 Mile to Water: 1

Paved Road: 1

Parking Lot: 1

Resid Multi-Family: 1

Beach: 1

Picnic Area: 1

Playground: 1

Other - See Remarks: 1

Bedroom: 1

Kitchen: 1

Living Room: 1

Primary Bedroom: 1

TV Cable: 1

Electricity - Connected: 1

Garbage: 1

Public Sewer - Connected: 1

Water Connected: 1

First: 1

Second: 1

Heat Pump: 1

Multi Units: 1

Two: 1