WATER FRONT ON THE BAYOU! This property is currently zoned Industrial. Zoning could be changed. Take a look at the beautiful views this property has! This property offers a great opportunity for future development! The dimensions for this property contain two parcels of land, 100 & 200 Sherman Ave. They are being sold together. As always, dimensions are approximate. Please verify if deemed important.
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Realty Emerald
Exterior Features
Exterior Information:
Waterfront: Bayou
View: Bayou
Lot Features
Lot Information:
Lot: Corner Lot
Lot Size: 1.97 Acres
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 East on HWY 98. Turn right on to Sherman Ave. Property is at the end of the road on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $1,600,000
Tax Information:
Annual Amount: $687
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.
$8,053
Per Month
Principal & Interest
$7,986
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
$4,863
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
1
/10
Merriam Cherry Street Elementary School
1125 Cherry St
Distance between this listing and this school0.71 miles
Public District Grades PK-5
Middle School
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school2.38 miles
Public District Grades 6-8
High School
3
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school1.99 miles
Public District Grades 9-12
Assigned Schools
1
/10
Merriam Cherry Street Elementary School
1125 Cherry St
Distance between this listing and this school0.71 miles
Public District Grades PK-5
Nearby Schools
2
/10
Oscar Patterson Elementary Magnet
1025 Redwood Ave
Distance between this listing and this school1.08 miles
Public Magnet Grades PK-5
1
/10
Springfield Elementary School
520 School Ave
Distance between this listing and this school1.25 miles
Public District Grades PK-5
Assigned Schools
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school2.38 miles
Public District Grades 6-8
Nearby Schools
3
/10
Everitt Middle School
608 School Ave
Distance between this listing and this school1.29 miles
Public District Grades 6-8
7
/10
North Bay Haven Charter Academy Middle School
1104 Balboa Ave
Distance between this listing and this school2.71 miles
Public Charter Grades 6-8
Assigned Schools
3
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school1.99 miles
Public District Grades 9-12
Nearby Schools
2
/10
Rutherford High School
1000 School Ave
Distance between this listing and this school1.56 miles
Public District Grades 9-12
9
/10
North Bay Haven Career Academy
1104 Balboa Ave
Distance between this listing and this school2.71 miles
The neighbors living near this home have an average income of $43,379. Most Panama City, FL residents have annual incomes between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 200 Sherman Ave
What is the listing price of this property?
The listing price of 200 Sherman Ave property is $1,600,000.
What type of property is this?
The property 200 Sherman Ave is land located in Panama City, Florida, 32401.
Is this property for sale now?
Active Listing: 200 Sherman 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 200 Sherman Ave are: Merriam Cherry Street Elementary School: GreatSchools Rating 1/10Jinks 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 $687 (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 200 Sherman Ave in Panama City, FL and zip code 32401 in the Old Mill Addition neighborhood. This home sits on a 1.97 acre lot. It has been listed on Rocket Homes since February 27, 2023 and is currently priced at $1,600,000.
In March 2024 more than 13 listings in Panama City, FL were sold above the asking price. During the same period more than 63 listings were sold at asking price, while more than 120 were sold below. The number of homes for sale in Panama City, FL increased by 3.2% between February 2024 and March 2024. Listings spent 82 days on the market in March 2024, and had a median list price of $347,126 during the same period.
From Rocket Homes Real Estate and based on county public records data.