28 days on rocket

6724 Cherry St, Panama City, FL, 32404

$349,000

1.18 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeResidential
MLS #754950
Lot Size1.18 Acres
StatusActive

About 6724 Cherry St

DEVELOPMENT ORDER in place for 20 townhomes on this phenomenal corner lot on a hard right turn with 478' road frontage in the heart of Callway near the rapidly expanding Tyndall Air Force Base.Location: in the heart of Callaway near a rapidly expanding military base with millions of dollars in roadways, infrastructure and sidewalk expansion on Cherry St. in process. The influx of new airmen due to the base's redevelopment with the largest government grant in history means there will be high demand for new residential housing in the area.Corner Lot: Having a corner lot at a lighted intersection with significant road frontage (478 feet) is excellent for visibility and accessibility. This can enhance the appeal of the townhomes to potential buyers or renters.Flood Zone ''X'' signifies minimal risk of flooding which will assist with insurance costs. Seller willing to build - Extensive experience in market on comparable fix and flip or similar projects with a successful build to hold portfolio, the builder owners are willing to expedite this project for the right buyer. Engineering plans and job estimate available upon request.Timeline: With the land already cleared and ready to go, and an estimated completion time of 9 months to 1 year for the entire project, this represents a relatively quick turnaround for a development of this scale.

Property Details

Property Features

Listing Office:

  • Office Name: Anchor Realty Florida

Lot Features

Lot Information:

  • Lot Size: 1.18 Acres

School Info

Assigned Schools Information:

  • Rutherford High School, Public District Grades 9-12
  • Everitt Middle School, Public District Grades 6-8
  • Callaway Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From the intersection of Jenks and Hwy 98 go East on Hwy 98 for approx. 6 miles. Turn left onto Cherry Street, go East .98 miles. The property is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $349,000
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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

6724 Cherry St vs Panama City

28 DAYS ON ROCKET

-30 Days

$349,000

+$200 More

KEY TAKEAWAY

This property is $200 more than the Median Sold Price in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BCAR
  • MLS Number: #754950

Listing Office:

  • Office Name: Anchor Realty Florida

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, 12:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 12, 2021Home Sold
$162,500
Aug 12, 2021Home Sold
$162,500
Dec 27, 2017Home Sold
$45,100

History based on county public records data.

Payment Calculator

$1,809

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,113

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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

school-card-donut-6815382
3
/10

  • Callaway Elementary School

  • 7115 E Highway 22

  • 0.61 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6815383
3
/10

  • Everitt Middle School

  • 608 School Ave

  • 2.61 miles

  • Public District Grades 6-8

High School

school-card-donut-6815384
2
/10

  • Rutherford High School

  • 1000 School Ave

  • 2.80 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 $48,400. Most Panama City, FL residents have annual incomes between $35k-100k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 6724 Cherry St

What is the listing price of this property?

The listing price of 6724 Cherry St property is $349,000.

What type of property is this?

The property 6724 Cherry St is land located in Panama City, Florida, 32404.

Is this property for sale now?

Active Listing: 6724 Cherry St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 6724 Cherry St are:
Callaway Elementary School: GreatSchools Rating 3/10
Everitt Middle School: GreatSchools Rating 3/10
Rutherford High School: GreatSchools Rating 2/10

When was this property sold last time and for how much?

The last sale was on August 12, 2021 for $162,500. (source: MLS/tax record).

How much acreage is this property?

The property 6724 Cherry St is 1.18 acres.
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Rocket Homes›Florida›Bay County›Panama City›32404›6724 Cherry St

This home is located at 6724 Cherry St in Panama City, FL and zip code 32404. This home sits on a 1.18 acre lot. It has been listed on Rocket Homes since May 04, 2024 and is currently priced at $349,000.

Over 26 listings were sold over their listed price in May 2024 in Panama City, FL. In the same period over 138 listings were sold below the listed price and 72 listings were sold for the listed price. In May 2024 in Panama City, FL there were 6.3% more homes for sale than in April 2024. Listings spent 58 days on the market in May 2024, and had a median list price of $348,800 during the same period.

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

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