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703 Michael Dr

Panama City, FL 32404

3 bd 2 ba 1,821 sqft Built 1992 Lot 6,098 sqft single_family
Most recent sale
$240,000
Nov 29, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 31, 2025 Sold $285,000 CPARMLS
Nov 29, 2022 Sold $240,000 CPARMLS
Jul 11, 2019 Sold $180,000 CPARMLS
Jun 1, 1997 Sold $87,000 Public Record
Aug 1, 1994 Sold $78,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2023 $184,761 $24,735 $209,496 $2,283
2022 $154,729 $1,490
2021 $128,547 $21,675 $150,222 $1,475
2020 $131,708 $21,267 $152,975 $1,527
2019 $60,527 $19,176 $79,703 $545
2018 $79,437 $19,176 $98,613 $774
2017 $84,584 $18,921 $103,505 $868
2016 $85,684 $18,870 $104,554 $904
2015 $86,784 $18,870 $105,654 $954
2014 $107,264 $975
2013 $108,365 $919
2012 $107,287 $913
2011 $104,162 $893
2010 $102,623 $895
2009 $99,925 $875
2008 $99,825 $809
2007 $96,917 $896

Property facts

Year built
1992
Property type
single_family
Stories
Beds
3
Baths
2
Living area
1,821 sqft
Lot size
6,098 sqft
ZIP code
32404
City
Panama City
Street
Michael Dr
Coordinates
30.13478, -85.57640

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,440
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 703 Michael Dr last sell?
703 Michael Dr most recently sold on Nov 29, 2022 for $240,000.
What is the current tax assessment for 703 Michael Dr?
The most recent total assessment for 703 Michael Dr (year 2023) is $209,496 with $2,283 in property tax.
How does 703 Michael Dr's assessment compare to its last sale price?
The current assessment is 12.7% below the last sale price of $240,000.
When was 703 Michael Dr built?
703 Michael Dr was built in 1992.
How does 703 Michael Dr compare to others on Michael Dr?
We track 8 other properties on Michael Dr. Browse the list under "Other properties on Michael Dr" to compare beds, baths, and sale history.
What are the property facts for 703 Michael Dr?
703 Michael Dr is a 3 bed, 2 bath, 1,821 sqft, 6,098 sqft lot single_family.
Is 703 Michael Dr a flip candidate?
No — 703 Michael Dr does not appear in our flips dataset.
Is 703 Michael Dr a tax-appeal candidate?
No — 703 Michael Dr is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-0.5%
Implied 1-yr
-2.1%
2026 Q3
$282.7K
2026 Q4
$281.1K
ZIP 32404 — Median Price History + Forecast

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