3 months on rocket

141 Cheri Ln, Panama City, FL, 32404

$599,000

Home List Price

$7,113*

Closing Credit

9 Bedrooms
5 Full Baths, 3 Partial
4,280 SqFt
$140/SqFt
Townhouse

Location

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141 Cheri Ln, Panama City$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Year Built1984
HeatingCentral
CoolingCentral Air
MLS #955951
Lot Size0.26 Acres
StatusActive

About 141 Cheri Ln

This impressive two-story quadplex in Panama City presents a prime investment opportunity. Fully rented and generating $4,950 monthly, this eight-bedroom, nine-bathroom property spans more than 4,280 square feet of heated and cooled space. With a new roof, newer water heaters and updated interiors and exteriors, this property offers both stability and modern amenities. Comprising three two-bedroom, 1.5-bath units (972 square feet each) and one spacious three-bedroom, two-bath unit (1,364 square feet), this property is designed to attract and retain tenants. Each unit features updated flooring, refreshed kitchens and new paint throughout. The exterior has been similarly revitalized, ensuring excellent curb appeal. Ideal for investors and military personnel, this property is located in a great area, offering easy access to local amenities and services. With a new HVAC system and updated fixtures, this quadplex is fully equipped to continue generating reliable rental income.

Property Details

Property Features

Property Information:

  • Architectural Style: Fourplex
  • Year Built: 1984
  • Stories: 2
  • Living Area: 4,280 SqFt

Listing Office:

  • Office Name: Scenic Sothebys International Realty
  • Office Email: will@scenicsir.com
  • Listing Agent: Whitney E Cooley

Interior Features

Interior Information:

  • Flooring Type: Tile
  • Interior: Newly Painted, Renovated

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 5
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot: Cleared, Dead End Street, Interior Lot, Level
  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Panama City Mall, Turn left onto N Cove Blvd/Martin Luther King Jr Blvd. Turn left onto US-98 BUS E. Turn left onto Cheri Ln. The property is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
  • Price Per SqFt: $140/SqFt

Tax Information:

  • Annual Amount: $895
  • 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

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

141 Cheri Ln vs Panama City

109 DAYS ON ROCKET

+32 Days

$599,000

+$259.5K More

$140/SqFt

-$62 Less

KEY TAKEAWAY

This property is $259.5K more than the Median Sold Price and $62/SqFt less than other homes in Panama City, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Emerald Coast Association of REALTORS®
  • MLS Number: #955951

Listing Office:

  • Office Name: Scenic Sothebys International Realty
  • Office Email: will@scenicsir.com
  • Listing Agent: Whitney E Cooley

IDX Information Deemed Reliable but not guaranteed. The information being provided is 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. All listings are provided courtesy of the Emerald Coast Association of Realtors, Copyright 2024. 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: 11/19/2024, 8:20:54 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

Nov 13, 2012Home Sold
$65,000

Tax History

YEARPROP. TAXASSESSMENT
2020$895$84,155
2018$1,355$125,563
2017$1,397$126,830

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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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-930956
3
/10

  • Parker Elementary School

  • 640 S Highway 22 A

  • 0.31 miles

  • Public District Grades PK-5

school-card-donut-930957
3
/10

  • Callaway Elementary School

  • 7115 E Highway 22

  • 2.23 miles

  • Public District Grades KG-5

school-card-donut-930958
1
/10

  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 3.05 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,500. Most Panama City, FL residents have annual incomes less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 141 Cheri Ln

What is the listing price of this property?

The listing price of 141 Cheri Ln property is $599,000.

What type of property is this?

The property 141 Cheri Ln is a townhouse located in Panama City, Florida, 32404.

Is this property for sale now?

Active Listing: 141 Cheri Ln 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 $895 (source: MLS/based on county public records data).

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

The last sale was on November 13, 2012 for $65,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 141 Cheri Ln has 9 bedrooms and 5 full and 3 half bathrooms.

What is the square footage of this property?

The property 141 Cheri Ln is 4,280 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 141 Cheri Ln is 1984.

Rocket Homes›Florida›Bay County›Panama City›32404›141 Cheri Ln

This home is located at 141 Cheri Ln in Panama City, FL and zip code 32404. This 4,280 square foot home, which was built in 1984, sits on a 0.26 acre lot. Features: 9 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since August 01, 2024 and is currently priced at $599,000.

In October 2024, from all listings sold in Panama City, FL there were more than 16 sold above asking price, over 138 sold below and more than 40 were sold right at the asked price. Between September 2024 and October 2024, Panama City, FL real estate market has seen decrease in the number of listings by 1.7%. In October 2024 median list price was $339,477 and the average listing age was 77 days.

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

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