1505 Cherry St, Panama City, FL, 32401

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1505 Cherry St, Panama City$299,000

Buyer Closing Credits

$3,551^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Year Built1950

HeatingCentral

CoolingCentral Air

MLS #755500

Lot Size0.20 Acres

StatusActive

About 1505 Cherry St

This Cove bungalow has an expansive patio and backyard where you can enjoy the peace and quiet of the backyard and and listen to the birds sing. It boasts beautiful original pine floors, new HVAC in 2021, new water heater in 2022, new roof in 2019, updated electrical 2022, new appliances in 2022, and many more updates. It also has an 8x10 metal shed for storage. This home is just minutes away from the local military base, making it an excellent choice for military personnel looking for a convenient and comfortable place to call home. You'll have quick access to shopping, dining, schools, and parks, making it easy to enjoy all that Panama City has to offer. Don't miss this incredible opportunity!

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Property Details

Property Features

Property Information:

• Architectural Style: Bungalow
• Year Built: 1950
• Living Area: 2,004 SqFt

Listing Office:

• Office Name: Coastal Palms Real Estate

Interior Features

Interior Information:

• Appliances: Electric Water Heater, Microwave, Refrigerator
• Flooring Type: Hardwood

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Exterior: Balcony, Deck, Fence

Lot Features

Lot Information:

• Lot Size: 0.20 Acres

Utilities

Utilities Information:

• Heating: Central
• 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: Head South on Cove Blvd, turn Left on Cherry St, house is on Left just past alley.

Price Information

Listing Price Info

Price Summary:

• List Price: $299,000
• Price Per SqFt: $149/SqFt

Tax Information:

• Annual Amount: $2,052
• Tax Year: 2020

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Housing Market Comparison

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

Panama City, FL

City

Med. Sold Price

$347.1K

Med. Price/SqFt

$204

Avg. Days On Market

82

# of Sold Homes

196

1505 Cherry St vs Panama City

17 DAYS ON ROCKET

-65 Days

$299,000

-$48.1K Less

$149/SqFt

-$55 Less

KEY TAKEAWAY

This property is $48.1K less than the Median Sold Price and $55/SqFt less 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: #755500

Listing Office:

• Office Name: Coastal Palms Real Estate

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: 4/29/2024, 7:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Aug 11, 1997	Aug 11, 1997Home Sold	$106,500

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$2,052	$110,551
2018	$1,757	$116,048
2017	$1,810	$120,773

History based on county public records data.

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**Disclosures

Rocket Homes›Florida›Bay County›Panama City›32401›1505 Cherry St

This home is located at 1505 Cherry St in Panama City, FL and zip code 32401 in the Cove Terrace neighborhood. This 2,004 square foot home, which was built in 1950, sits on a 0.20 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $299,000.

In March 2024, from all listings sold in Panama City, FL there were more than 13 sold above asking price, over 120 sold below and more than 63 were sold right at the asked price. The number of listings in Panama City, FL increased by 3.2% between February 2024 and March 2024. The median list price of listings available in March 2024 was $347,126, while the average time on the real estate market was 82 days.

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