A developer's dream! According to an environmental study performed, this 4 acre property offers approximately 1.7 acres of wetlands with a little over 2 acres of uplands. Per Panama City's Planning and Zoning Dept., this property is zoned for Mixed Use-2 (MU-2). This property could be used for single family homes, multi-family homes, a community center, retail shops, and more. Convenient to downtown Panama City, Highway 231, Highway 77, and Panama City shopping centers.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Realty
Exterior Features
Exterior Information:
View: Bayou
Lot Features
Lot Information:
Lot: Other, See Remarks
Lot Size: 4.00 Acres
School Info
Assigned Schools Information:
Bay High School, Public District Grades 9-12
Mowat Middle School, Public District Grades 6-8
Oscar Patterson Elementary Magnet, Public Magnet Grades PK-5
Other
Directions Information:
Directions: From US-231 N turn left on MLK Blvd/FL-77. Turn left onto E 11th St/County Hwy-28. Take the 2nd right onto E 12th St. Turn right onto N Palo Alto Ave. Take the 1st left onto E 12th St. Take the 1st left onto Mercedes Ave. 1128 MERCEDES AVE is on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $133,000
Tax Information:
Annual Amount: $199
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Panama City, FL.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$731
Per Month
Principal & Interest
$664
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$465
Powered By
Advertisement
NMLS#3030
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
2
/10
Oscar Patterson Elementary Magnet
1025 Redwood Ave
Distance between this listing and this school0.50 miles
Public Magnet Grades PK-5
Middle School
4
/10
Mowat Middle School
1903 W Highway 390
Distance between this listing and this school3.99 miles
Public District Grades 6-8
High School
3
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school0.88 miles
Public District Grades 9-12
Assigned Schools
2
/10
Oscar Patterson Elementary Magnet
1025 Redwood Ave
Distance between this listing and this school0.50 miles
Public Magnet Grades PK-5
Nearby Schools
1
/10
Cedar Grove Elementary School
2826 E 15th St
Distance between this listing and this school1.43 miles
Public District Grades PK-5
1
/10
Merriam Cherry Street Elementary School
1125 Cherry St
Distance between this listing and this school1.63 miles
Public District Grades PK-5
Assigned Schools
4
/10
Mowat Middle School
1903 W Highway 390
Distance between this listing and this school3.99 miles
Public District Grades 6-8
Nearby Schools
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school1.37 miles
Public District Grades 6-8
7
/10
North Bay Haven Charter Academy Middle School
1104 Balboa Ave
Distance between this listing and this school1.76 miles
Public Charter Grades 6-8
Assigned Schools
3
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school0.88 miles
Public District Grades 9-12
Nearby Schools
9
/10
North Bay Haven Career Academy
1104 Balboa Ave
Distance between this listing and this school1.76 miles
Public Charter Grades 9-12
6
/10
Bay Virtual Franchise
1311 Balboa Ave
Distance between this listing and this school1.83 miles
The neighbors living near this home have an average income of $17,500. The majority of Panama City, FL residents have income less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1128 Mercedes Ave
What is the listing price of this property?
The listing price of 1128 Mercedes Ave property is $133,000.
What type of property is this?
The property 1128 Mercedes Ave is land located in Panama City, Florida, 32401.
Is this property for sale now?
Active Listing: 1128 Mercedes Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1128 Mercedes Ave are: Oscar Patterson Elementary Magnet: GreatSchools Rating 2/10Mowat Middle School: GreatSchools Rating 4/10Bay 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 $199 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1128 Mercedes Ave in Panama City, FL and zip code 32401. This home sits on a 4.00 acre lot. It has been listed on Rocket Homes since April 10, 2023 and is currently priced at $133,000.
In April 2024, from all listings sold in Panama City, FL there were more than 30 sold above asking price, over 130 sold below and more than 51 were sold right at the asked price. The number of listings in Panama City, FL increased by 4.7% between March 2024 and April 2024. In April 2024 median list price was $347,653 and the average listing age was 61 days.
From Rocket Homes Real Estate and based on county public records data.