1 year on rocket

1128 Mercedes Ave, Panama City, FL, 32401

$115,000

4.00 Acres
Land

Location

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Property Highlights

Home TypeResidential
WaterfrontWaterfront
ViewBayou
MLS #739499
Lot Size4.00 Acres
StatusActive

About 1128 Mercedes Ave

A developer's dream! According to an environmental study performed, this 4 acre property offers approximately 1.7 acres of wetlands with a little over 2 acres of uplands. Per Panama City's Planning and Zoning Dept., this property is zoned for Mixed Use-2 (MU-2). This property could be used for single family homes, multi-family homes, a community center, retail shops, and more. Convenient to downtown Panama City, Highway 231, Highway 77, and Panama City shopping centers.

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker Realty

Exterior Features

Exterior Information:

  • Waterfront: Waterfront
  • View: Bayou

Lot Features

Lot Information:

  • Lot: Other, See Remarks, Waterfront
  • Lot Size: 4.00 Acres

Other

Directions Information:

  • Directions: From US-231 N turn left on MLK Blvd/FL-77. Turn left onto E 11th St/County Hwy-28. Take the 2nd right onto E 12th St. Turn right onto N Palo Alto Ave. Take the 1st left onto E 12th St. Take the 1st left onto Mercedes Ave. 1128 MERCEDES AVE is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $115,000

Tax Information:

  • Annual Amount: $199
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$339.2K

Med. Price/SqFt

$201

Avg. Days On Market

79

# of Sold Homes

166

1128 Mercedes Ave vs Panama City

622 DAYS ON ROCKET

+543 Days

$115,000

-$224.2K Less

KEY TAKEAWAY

This property is $224.2K less 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: #739499

Listing Office:

  • Office Name: Coldwell Banker Realty

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: 12/23/2024, 7:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$199$118,000
2018 - $118,000
2017 - $152,367

History based on county public records data.

Payment Calculator

$641

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$411

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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.

Nearby Schools

school-card-donut-1155859
1
/10
  • Cedar Grove Elementary School

  • 2826 E 15th St

  • 1.42 miles

  • Public District Grades PK-5

school-card-donut-1155860
1
/10
  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 1.66 miles

  • Public District Grades PK-5

school-card-donut-1155861
6
/10
  • Palm Bay Elementary School

  • 1104 Balboa Ave

  • 1.76 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,500. Residents of Panama City, FL typically earn less than $35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1128 Mercedes Ave

What is the listing price of this property?

The listing price of 1128 Mercedes Ave property is $115,000.

What type of property is this?

The property 1128 Mercedes Ave is land located in Panama City, Florida, 32401.

Is this property for sale now?

Active Listing: 1128 Mercedes Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $199 (source: MLS/based on county public records data).

How much acreage is this property?

The property 1128 Mercedes Ave is 4.00 acres.
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Rocket HomesFloridaBay CountyPanama City324011128 Mercedes Ave

This home is located at 1128 Mercedes Ave in Panama City, FL and zip code 32401. This home sits on a 4.00 acre lot. It has been listed on Rocket Homes since April 10, 2023 and is currently priced at $115,000.

Panama City, FL housing market in November 2024 saw over 13 listings sold above listed price, more than 33 sold at listed price and over 120 sold below. Between October 2024 and November 2024, Panama City, FL real estate market has seen decrease in the number of listings by 3.9%. While the average time on the market in November 2024 was 79 days, the median list price was $339,223.

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

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