Bay County property record for 2637 E 40th Ct, Panama City, FL 32405
| Property Type | Single Family Home |
|---|---|
| Details | 3 bd · 2 ba · 1,754 sqft · built 1975 |
| Lot Size | 0.335 acres (14,636 sqft) |
| Owner | 2 Owner Names on Record |
| Last Sale | $85,900 (Jun 1996) |
| Tax Bill | $1,192 (2025) |
| Deeds & Mortgages | Jul 2018 Reverse Mortgage Jul 2018 Mortgage |
| Flood Zone | Zone X (minimal risk) |
| APN | 11542-070-000 |
| Primary APN | 11542-070-000 |
|---|
| Bedrooms | 3 Beds |
|---|---|
| Full Baths | 2 Baths |
| Stories | 1 Story |
| Building Area | 1,754 sqft Heated Area |
| Gross Area | 2,266 sqft |
| 1st Floor Area | 1,754 sqft |
| Interior Walls | Wallboard/Drywall |
| Fireplaces | 1 Fireplace |
| Fireplace | Fireplace |
| Year Built | Built 1975 |
|---|---|
| Effective Year Built | Effective 1980 |
| Exterior Material | Brick |
| Roof Type | Gable/Hip |
| Roof Material | Shingle |
| Lot Area | 14,636 sqft (0.335 acres) |
| Lot Dimensions | 141 ft deep x 104 ft wide |
| Garage Type | Detached |
| Porch | Porch |
| Porch Area | 112 sqft |
| Fence | Fence |
| Cooling System | Central |
|---|---|
| Heating System | Forced Air |
| Street Address | 2637 E 40TH CT |
|---|---|
| City | PANAMA CITY |
| State | FL |
| Zip | 32405-6626 |
| Property Category | Residential |
| Property Type | Residential > Single Family > Home |
| Local Zoning Code | BC15 |
| Legal Description | 15 3S 14W -10.12- 103A ST AND BAY DEV CO PLAT BEG 861.8' N & 29.6' W OF SE |
| Legal Range | 14W |
| Legal Township | 03S |
| Legal Section | 15 |
| Legal Subdivision | ST AND BAY DEV CO |
| Jurisdiction | BAY FL |
| Township / Civil Division | PANAMA CITY |
| Census Block Group | 2 |
| Census Block | 2067 |
| Census Tract | 1301 |
Source: Bay County records, as of January 23, 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | 2 Owner Names on Record |
|---|---|
| Mailing Address | 2637 E 40TH CT, PANAMA CITY, FL 32405-6626 |
| Occupancy | Owner Occupied |
| Date | Document |
|---|---|
| Jul 17, 2018 | Deed of Trust, Mortgage · Reverse Mortgage ONE REVERSE MORTGAGE LLC |
| Jul 12, 2018 | Deed of Trust, Mortgage · FHA Mortgage HUD-HOUSING/URBAN DEV |
| Deed Names | 2 Names on Deed |
|---|---|
| Last Sale | Jun 28, 1996 · Amount on Record |
| Deed Sale | Jun 28, 1996 · Amount on Record |
| Deed Document Number | 0001644192 |
| Deed Book / Page | 1644 / 192 |
| Last Transfer Date | Jul 2, 1996 |
| Transfer Doc | 0016440192 |
| Record Updated | Jun 8, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | BAY FL |
| Property Address | 2637 E 40TH CT, PANAMA CITY, FL 32405-6626 |
| Transaction Type | Mortgage |
| Record Updated | Feb 7, 2021 |
| Title Company | TITLE SOURCE INC |
| Name | Verified Name |
|---|
| Document Number | 0040281223 |
|---|---|
| Date | Jul 17, 2018 |
| Book Page | 4028/1223 |
| Instrument | 2018042298 |
| Name | ONE REVERSE MORTGAGE LLC |
|---|---|
| Type | Reverse Mortgage Lender |
| Address | SAN DIEGO, CA 92121 |
| Type | Reverse Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 885 Months |
| Due | Apr 13, 2092 |
| Rate Type | Adjustable Rate |
|---|---|
| Rate | 5.77% |
| Type Change Date | Aug 1, 2019 |
| Change Frequency | Annually |
| Min Rate At Change | 2% |
| Index | 1-Year LIBOR |
| Max Rate | 5% |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | BAY FL |
| Property Address | 2637 E 40TH CT, PANAMA CITY, FL 32405-6626 |
| Document Number | 0040281237 |
| Instrument Date | Jul 12, 2018 |
| Transaction Type | Mortgage |
| Record Updated | Dec 12, 2018 |
| Title Company | OTHER |
| Name | Verified Name |
|---|---|
| Relationship | Husband and Wife |
| Address | 2637 E 40TH CT PANAMA CITY FL 324056626, PANAMA CITY, FL 32405-6626 |
| Document Number | 0040281237 |
|---|---|
| Date | Jul 17, 2018 |
| Book Page | 004028/001237 |
| Instrument | 42299 |
| Name | HUD-HOUSING/URBAN DEV |
|---|---|
| Address | WASHINGTON, DC 20410 |
| Type | FHA Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 888 Months |
| Due | Jul 16, 2092 |
| Rate Type | Adjustable Rate |
|---|---|
| Rate | 5.77% |
Source: Bay County assessment roll, as of July 1, 2025
| Type | Name |
|---|---|
| State | Florida |
| County | Bay County |
| Unified School District | Bay County School District (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $1,192.00 (+2.94%) Homeowner's exemption | $136,016 (+5.99%) | $172,385 (+17.6%) Land $57,381 Building $115,004 |
| 2023 | $1,158.00 (+11.56%) Homeowner's exemption | $128,333 (+3%) | $146,592 (+9.81%) Land $37,404 Building $109,188 |
| 2022 | $1,038.00 Homeowner's exemption | $124,595 | $133,490 Land $34,143 Building $99,347 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
Source: FEMA National Flood Hazard Layer, effective September 16, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Nearest Special Flood Hazard Area | Zone A, within 500 ft |
| Flood Insurance Requirement | Not required lenders may require it |
| Flood Insurance Cost | Premium on Record median of 325 policies |
| Community Rating System | Class 7 (15% premium discount) |
| Nearby Flood Policies | 325 in force |
| Nearby Flood Claims | 60 (1998–2021) |
| Claims Outside the SFHA | 27 of 60 |
| Most Recent Claim | Aug 2021 · Tropical Storm Fred |
| Claims by Event |
|
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Low lower than 94% of the US · lower than 94% of Florida |
|---|---|
| Wildfire Likelihood | 0.04% annual chance |
| Exposure | None beyond ember reach |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: EPA Safe Drinking Water Information System, as of September 2026
| Water System | LYNN HAVEN, CITY OF WATER SYSTEM serves 23,380 people · EPA ID FL1030435 |
|---|---|
| Water Source | Purchased surface water from BAY COUNTY WATER SYSTEM |
| Last State Inspection | Nov 2024 |
| Lead | 4 ppb (2023) action level 15 ppb |
| Water Quality | None last 10 years |
|---|---|
| Treatment and Procedure | None last 10 years |
| Monitoring and Reporting | 1 last 3 years |
Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.
Source: FCC Broadband Data Collection, based on 281 locations within half a mile, as of December 31, 2025
| Provider | Max Down / Up (Mbps) |
|---|---|
| AT&T Fiber | 5,000 / 5,000 |
| Xfinity Cable | 2,000 / 250 |
| WOW Internet, Cable & Phone Cable | 1,200 / 50 |
| Verizon Fixed Wireless | 300 / 20 |
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