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
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.
$641
Per Month
Principal & Interest
$574
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
$411
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Cedar Grove Elementary School
2826 E 15th St
Distance between this listing and this school1.42 miles
Public District Grades PK-5
1
/10
Merriam Cherry Street Elementary School
1125 Cherry St
Distance between this listing and this school1.66 miles
Public District Grades PK-5
6
/10
Palm Bay Elementary School
1104 Balboa Ave
Distance between this listing and this school1.76 miles
Public Charter Grades KG-5
Nearby Schools
4
/10
Jinks Middle School
600 W 11th St
Distance between this listing and this school1.37 miles
Public District Grades 6-8
7
/10
Bay Haven Charter Middle School
2501 Hawks Landing Blvd
Distance between this listing and this school3.15 miles
Public Charter Grades 6-8
10
/10
University Academy Sabl Inc
1980 Discovery Loop
Distance between this listing and this school3.38 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
Rosenwald High School
924 Bay Ave
Distance between this listing and this school0.44 miles
Public District Grades 6-12
4
/10
Bay High School
1200 Harrison Ave
Distance between this listing and this school0.83 miles
Public District Grades 9-12
5
/10
Palm Bay Preparatory Academy 6-12
1104 Balboa Ave
Distance between this listing and this school1.75 miles
The neighbors living near this home have an average income of $17,500. Typical income of Panama City, FL residents is less than $35k annually. 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 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).
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, AI voice, 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 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.
While more than 16 listings in Panama City, FL in October 2024 were sold above asking price, there were more than 40 listings sold at asking price, and more than 138 were sold below. The inventory of homes for sale in Panama City, FL between September 2024 and October 2024 decreased by 1.7%. The median list price of listings available in October 2024 was $339,477, while the average time on the real estate market was 77 days.
From Rocket Homes Real Estate and based on county public records data.
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.
UFC
UFC
NHRA Drag Racing
Figure Skating
Family Dollar
Big Lots
Burlington
Burger King
Golden Corral
Church's Chicken
Buick
Kia
Cadillac
Urban Contemporary
Adult Standards
Jazz