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7585 Shadow Lake Drive

7585 Shadow Lake Drive, Panama City Beach, FL 32407
Sold Aug 17, 2023
$350,000
$262,500 by Jmac Lending, Inc.
Mortgage Due Sep 01, 2053
Sold Nov 05, 2021
$305,900
$236,000 by First Savings Bank
Mortgage Due Nov 01, 2051
7585 Shadow Lake Drive has been categorized by the local assessors in Panama City Beach, FL as a residential type of property. The building on the property was first built in 2021 and is 3 years old. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 7585 Shadow Lake Drive has 1,496 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 2,613 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 240 sqft. Residents will have the luxury of enjoying both a unknown and a unknown. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a cathedral style roof made of materials that we aren't sure of. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 7585 Shadow Lake Drive sold most recently in Aug 11, 2023 for a total of $350,000. If you work out the math, that's approximately a cost of $201.61 per sqft. Before that, the property was also sold for $305,900 in Oct 22, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,266 in taxes each year. 7585 Shadow Lake Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $258,037. If we break it down further, the land itself was valued at $19,308. Improvements to the property, however, were assessed at a total of $238,729. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Roof Shape Type: Cathedral
  • Roof Cover Type: Other
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 240
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,613
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,736
  • Gross Building Area: 1,736
  • Building Area: 1,496
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,496
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HATHAWAY TOWNHOMES
  • Land Acres: 0.06
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HATHAWAY TOWNHOMES PH II LOT 96 ORB 4721 P 1242

Ownership

  • Current Owner : WALLACE ARQUETIA E
  • Previous Owner : SMITH JEFFREY D
  • Owner Before Previous Owner: FRANCO FRANK JOSEPH
  • Owner Before Previous Owner 2: FRANCO DAWN JEANINE
  • Ownership Rights Codes: Married Woman as her sole & separate property

Neighborhood

  • School District Name: Bay County School District
  • Census Tract: 002710

Geography

  • Assessors Map Reference: MAP 57D
  • Subdivision Phase Number: 2
  • Parcel: 27905-100-060
  • Lot: 96
  • Meridian: SEC 32 TWN 03S RNG 15W
  • Municipality: FIRE BEACH MOSQUITO
  • Latitude: 30.1901
  • Longitude: -85.7667

    Address

  • Full Address: 7585 Shadow Lake Dr
  • Address - House Number: 7585
  • Address - Street Name: Shadow Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Panama City Beach
  • Carrier Code: R036
  • 4-Digit Zip Code: 0291
  • Zip Code: 32407

Valuation

    Tax

  • Total Area: 1,648
  • Tax Year: 2023
  • Tax Amount: $3,266
  • Tax Rate Code Area: 056

    Appraisal Valuation

  • Standard Deviation: 0.2355
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 67
  • Final Value: 363,948
  • High Value: 449,685
  • Low Value: 278,211

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $262,500
  • First Open Lien Mortgage Lender: JMAC LENDING, INC.
  • First Open Lien Mortgage Recording Date: Aug 17, 2023
  • First Open Lien Mortgage Loan Amount: $262,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2053

    Market Valuation

  • Market Total Value: $258,037
  • Market Land Value: $19,308
  • Market Improvement Value: $238,729

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,037
  • Assessed Land Value: $19,308
  • Assessed Improvements Value: $238,729

    Sales

  • Current Sale Contract Date: Aug 11, 2023
  • Current Sale Recording Date: Aug 17, 2023
  • Current Sale Transaction ID: 11911778985
  • Current Sale Price: $350,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 52276
  • Previous Sale Recording Date: Nov 05, 2021
  • Previous Sale Contract Date: Oct 22, 2021
  • Previous Sale Amount: $305,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JMAC LENDING, INC.
  • First Mortgage Transaction Date: Aug 17, 2023
  • First Mortgage Loan Amount: $262,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Sep 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: FIRST SAVINGS BANK
  • Previous Mortgage Transaction Date: Nov 05, 2021
  • Previous Mortgage Loan Amount: $236,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2051

About Bay



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Frequently Asked Questions

What neighborhood is 7585 Shadow Lake Drive located in?
The 7585 Shadow Lake Drive is a located in the neighborhood of Panama City Beaches in Bay, Panama City Beach.
What is the average sales price for listings in 7585 Shadow Lake Drive?
The average sales price for units in 7585 Shadow Lake Drive is $0 currently.

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