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Backup Offers

103 N Cove Ave, Panama City, FL, 32401

$255,000

Home List Price

$3,028*

Closing Credit

3 Bedrooms
1 Full Bath
1,164 SqFt
$219/SqFt
House
Schools Nearby

Location

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103 N Cove Ave, Panama City$255,000

Buyer Closing Credits

$3,028*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Carport, Driveway, Garage
Attached Garage1 space
Year Built1951
HeatingCentral, Electric
CoolingCentral Air
MLS #754450
Lot Size0.21 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 103 N Cove Ave

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Welcome to this timeless corner lot home in the heart of one of Panama City's oldest and most historic neighborhoods, the Cove. This lovingly maintained residence, built in 1951, offers three bedrooms, one bathroom, two bonus areas, a single-car garage, carport, PLUS a 546 sq foot detached workshop waiting for you to use your imagination for its use!As you walk through the front door, you are greeted by an 11x24 grand entryway suitable for a large mudroom, a sitting room, kids' playroom, home office, or whatever you desire. To the left, you'll discover a warm and inviting living space with original hardwood floors. The adjacent dining area provides a lovely space to enjoy meals.The kitchen is compact yet functional and offers a bonus space (use for Breakfast Nook, Pantry, Sitting Area, Craft Space, etc.) As you walk down the hallway, you will see the three bedrooms that are decently sized and all feature original hardwood flooring. The bathroom offers a lot of charm and has a bathtub/shower combo.The attached garage is suitable for one car or can be used as extra storage space and houses the laundry area. The detached workshop with power is ready for all your DIY projects or put the finishing touches on it to make it your own Man Cave or She Shed, or with plumbing, it could become a mother-in-law suite or rental-producing unit with its private entry.Out the back door, as you step onto the XL 600 sqft patio area, you enter your private retreat. The spacious yard offers endless possibilities for outdoor enjoyment, and a bonus-the side yard is fenced off separately.Located in one of the most desirable historic neighborhoods, this home is in close proximity to shopping, Ascension Sacred Heart Hospital, and all that Panama City has to offer. Don't miss out on this rare opportunity to own a piece of history with modern conveniences.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1951
  • Living Area: 1,164 SqFt

Listing Office:

  • Office Name: Coastal Choice Realty LLC

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Range Hood, Washer
  • Flooring Type: Hardwood, Tile, Vinyl
  • Interior: Recessed Lighting, Entrance Foyer, Workshop

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Fence, Porch

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Attached, Carport, Driveway, Garage

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Bay High School, Public District Grades 9-12
  • Jinks Middle School, Public District Grades 6-8
  • Merriam Cherry Street Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Corner of N. Cove Blvd and highway 98 turn South onto N Cove Blvd. Turn Left onto Cherry St, Left on Cove AVENUE (which is the next street past Cove Lane), House on Corner of N Cove Ave and Cherry St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $255,000
  • Price Per SqFt: $219/SqFt

Tax Information:

  • Annual Amount: $1,413
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Panama City, FL.

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Panama City, FL

City

Med. Sold Price

$347.1K

Med. Price/SqFt

$204

Avg. Days On Market

82

# of Sold Homes

196

103 N Cove Ave vs Panama City

40 DAYS ON ROCKET

-42 Days

$255,000

-$92.1K Less

$219/SqFt

+$15 More

KEY TAKEAWAY

This property is $92.1K less than the Median Sold Price and $15/SqFt more than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #754450

Listing Office:

  • Office Name: Coastal Choice Realty LLC

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Properties subject to prior sale, change, withdrawal or rental. Copyright© 2024 Central Panhandle Association of REALTORS.© All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 6:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 01, 2015Home Sold
$130,000
Jun 26, 2014Home Sold
$100,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,413$110,527
2018$1,140$115,193
2017$1,136$115,217

History based on county public records data.

Payment Calculator

$1,340

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$831

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1995460
1
/10

  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 0.51 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1995461
4
/10

  • Jinks Middle School

  • 600 W 11th St

  • 2.46 miles

  • Public District Grades 6-8

High School

school-card-donut-1995462
3
/10

  • Bay High School

  • 1200 Harrison Ave

  • 2.12 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,083. The most common annual income of people living in Panama City, FL is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 103 N Cove Ave

What is the listing price of this property?

The listing price of 103 N Cove Ave property is $255,000.

What type of property is this?

The property 103 N Cove Ave is a house located in Panama City, Florida, 32401.

Is this property for sale now?

Accepting Backup Offers: 103 N Cove Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 103 N Cove Ave are:
Merriam Cherry Street Elementary School: GreatSchools Rating 1/10
Jinks Middle School: GreatSchools Rating 4/10
Bay High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,413 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 1, 2015 for $130,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 103 N Cove Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 103 N Cove Ave is 1,164 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 103 N Cove Ave is 1951.

Rocket Homes›Florida›Bay County›Panama City›32401›103 N Cove Ave

This home is located at 103 N Cove Ave in Panama City, FL and zip code 32401 in the Cove Terrace neighborhood. This 1,164 square foot home, which was built in 1951, sits on a 0.21 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 19, 2024 and is currently priced at $255,000.

Panama City, FL housing market in March 2024 saw over 13 listings sold above listed price, more than 63 sold at listed price and over 120 sold below. In March 2024 in Panama City, FL there were 3.2% more homes for sale than in February 2024. In March 2024 median list price was $347,126 and the average listing age was 82 days.

From Rocket Homes Real Estate and based on county public records data.

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