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359 Mercedes Ave Unit A & B, Panama City, FL, 32401

$425,000

Home List Price

$5,047*

Closing Credit

4 Bedrooms
4 Full Baths
2,146 SqFt
$198/SqFt
Multi
Schools Nearby

Location

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359 Mercedes Ave Unit A & B, Panama City$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingAdditional Parking, Alley Access, Covered, Driveway, Electric Vehicle Charging Station(s)
Year Built1990
HeatingCentral, Electric, Fireplace(s)
CoolingCentral Air, Electric, Multi Unit(s)
ViewBayou
MLS #756377
Lot Size0.17 Acres
StatusActive

About 359 Mercedes Ave Unit A & B

Discover the perfect investment opportunity located in The Cove at 359 Mercedes Ave, Panama City, FL 32401. This multi-family gem features a total of 4 bedrooms and 4 bathrooms spread across 2,146 square feet of living space. This home is perfect for the savvy investor to live on one side and rent the other side.The main house offers 3 bedrooms and 3 bathrooms, showcasing stunning water views of Watson Bayou for a serene coastal ambiance. Adjacent to the main residence is an attached apartment or Mother-in-Law suite, complete with 1 bedroom, 1 bathroom, a kitchen, laundry facilities, a closet, and separate access, along with its own parking and yard space.Located in a highly desirable area, this property boasts proximity to key amenities, including Ascension Sacred Heart Hospital just 2 minutes away, Downtown Panama City a mere 5-minute drive, and the shopping districts of Panama City reachable in less than 10 minutes. Plus, Panama City Beach is a quick 20-minute drive for endless beachside enjoyment.Don't miss out on this exceptional opportunity to invest in a prime location with endless potential. Seize the moment and schedule your viewing today before it's gone!

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1990
  • Living Area: 2,146 SqFt

Listing Office:

  • Office Name: Century 21 BE3

Interior Features

Interior Information:

  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Interior: Fireplace

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Bayou
  • Exterior: Storm/Security Shutters

Parking Information:

  • Parking: Additional Parking, Alley Access, Covered, Driveway, Electric Vehicle Charging Station(s)

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Fireplace(s)
  • Cooling: Central Air, Electric, Multi Unit(s)

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 US HWY 98 turn Right on E Fourth Street and drive 100 yards. Turn Left onto Mercedes Ave and drive 1/8 of a mile. The Listing will be on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $198/SqFt
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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

$348.8K

Med. Price/SqFt

$204

Avg. Days On Market

58

# of Sold Homes

236

359 Mercedes Ave Unit A & B vs Panama City

32 DAYS ON ROCKET

-26 Days

$425,000

+$76.2K More

$198/SqFt

-$7 Less

KEY TAKEAWAY

This property is $76.2K more than the Median Sold Price and $7/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: #756377

Listing Office:

  • Office Name: Century 21 BE3

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: 6/2/2024, 3:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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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-6968993
1
/10

  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 0.52 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6968994
4
/10

  • Jinks Middle School

  • 600 W 11th St

  • 1.68 miles

  • Public District Grades 6-8

High School

school-card-donut-6968995
4
/10

  • Bay High School

  • 1200 Harrison Ave

  • 1.33 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 $45,803. The majority of Panama City, FL residents have income between $35k-100k annually. Most 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

Rocket Homes›Florida›Bay County›Panama City›32401›359 Mercedes Ave Unit A & B

This home is located at 359 Mercedes Ave Unit A & B in Panama City, FL and zip code 32401 in the Bunkers Cove neighborhood. This 2,146 square foot home, which was built in 1990, sits on a 0.17 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 30, 2024 and is currently priced at $425,000.

In May 2024 more than 26 listings in Panama City, FL were sold above the asking price. During the same period more than 72 listings were sold at asking price, while more than 138 were sold below. The number of listings in Panama City, FL increased by 6.3% between April 2024 and May 2024. The median list price of listings available in May 2024 was $348,800, while the average time on the real estate market was 58 days.

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

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