1 month on rocket

Sale Pending

2324 E 16th Ct, Panama City, FL, 32405

$219,000

Home List Price

$2,601*

Closing Credit

3 Bedrooms
3 Full Baths
1,320 SqFt
$166/SqFt
Multi
Schools Nearby

Location

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2324 E 16th Ct, Panama City$219,000

Buyer Closing Credits

$2,601*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1960
MLS #754970
StatusSale Pending
(Pending)

About 2324 E 16th Ct

TRIPLEX - GREAT RETURN ON INVESTMENT FOR AN INVESTOR THAT WANTS TO LIVE IN ONE AND RENT OUT TWO, OR RENT OUT ALL THREE FOR POSITIVE CASH FLOW.Seller is repositioning assets to purchase another property - so take advantage of this awesome opportunity offered at a VERY LOW PRICE. Upgrades to property have been made in the past couple of years.Each unit receives government supported (automatic) rent per month. First unit rent is $1,050 per month. Second unit rent is $1,000 per month. Third unit was receiving $1,100 per month but was just vacated so that showings are easy (each of the units are identical so you know what you are buying). Total gross monthly income is $3,150. Another government backed lease can be executed on third unit after closing with new buyer.Well-maintained triplex located in the heart of Panama City.The triplex is situation on a quarter acre lot.Roof is approximately 10 years old.Each unit has a window heating/air conditioning unit.Total heated/cooled square footage is 1,320 square feet.Each unit is approximately 440 square feet, one bedroom / one bathroom with living area and dine-in kitchen.Tenant is responsible for all maintenance and lawn upkeep.

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Living Area: 1,320 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Emerald

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

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: Travel East 15th Street eastbound until you reach Sherman Avenue. Turn left on Sherman Avenue and travel north.Pass East 16th Street.Turn right onto East 16th Court.2324 East 16th Court.

Price Information

Listing Price Info

Price Summary:

  • List Price: $219,000
  • Price Per SqFt: $166/SqFt

Tax Information:

  • Annual Amount: $597
  • 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

$347.6K

Med. Price/SqFt

$204

Avg. Days On Market

61

# of Sold Homes

211

2324 E 16th Ct vs Panama City

32 DAYS ON ROCKET

-29 Days

$219,000

-$128.6K Less

$166/SqFt

-$39 Less

KEY TAKEAWAY

This property is $128.6K less than the Median Sold Price and $39/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: #754970

Listing Office:

  • Office Name: Keller Williams Realty Emerald

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: 5/5/2024, 4:15:35 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 07, 2004Home Sold
$45,000
Apr 12, 2004Home Sold
$28,000
Jan 07, 2002Home Sold
$27,500

Tax History

YEARPROP. TAXASSESSMENT
2020$597$46,344
2018$604$46,344
2017$614$46,344

History based on county public records data.

Payment Calculator

$1,161

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$723

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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-6326568
2
/10

  • Oscar Patterson Elementary Magnet

  • 1025 Redwood Ave

  • 0.82 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-6326569
4
/10

  • Mowat Middle School

  • 1903 W Highway 390

  • 3.79 miles

  • Public District Grades 6-8

High School

school-card-donut-6326570
3
/10

  • Bay High School

  • 1200 Harrison Ave

  • 1.75 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 $36,071. Residents of Panama City, FL typically earn less than $35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Bay County›Panama City›32405›2324 E 16th Ct

This home is located at 2324 E 16th Ct in Panama City, FL and zip code 32405 in the Saint Andrews Bay neighborhood. This 1,320 square foot home was built in 1960. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $219,000.

While more than 30 listings in Panama City, FL in April 2024 were sold above asking price, there were more than 51 listings sold at asking price, and more than 130 were sold below. The number of homes for sale in Panama City, FL increased by 4.7% between March 2024 and April 2024. Listings spent 61 days on the market in April 2024, and had a median list price of $347,653 during the same period.

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

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