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Backup Offers

1606 Cherry St, Panama City, FL, 32401

$215,000

Home List Price

$2,553*

Closing Credit

2 Bedrooms
1 Full Bath
1,278 SqFt
$168/SqFt
House

Location

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1606 Cherry St, Panama City$215,000

Buyer Closing Credits

$2,553*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingBoat, Driveway, No Garage, RV Access/Parking
Year Built1948
HeatingWood Stove
CoolingWall Unit(s)
MLS #764743
Lot Size0.28 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1606 Cherry St

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Step into a piece of history with this charming 1948 cottage-style home in the heart of The Cove, bursting with original character! From the moment you walk in, you'll love the cozy foyer with a wood burning stove leading to a spacious living room and dining area, complete with beautiful hardwood floors and a classic feel. The kitchen is a welcoming space, and just down the hall, you'll find two comfortable bedrooms that feel right at home. One of the highlights of this cottage is the den--ideal for gatherings or as the ultimate man cave! It boasts a custom-built oak bar with a sink, just waiting to host your next get-together.Outside, the fully fenced, expansive backyard has everything you need and more! A 20x12 workshop with power, a newer 18x12 shed for extra storage, and a separate 10x8 laundry room with its own water heater make for a convenient, flexible spaces. A 30-amp prewired hookup and dump station make this backyard RV-ready. Washer and dryer convey with the sale. You'll love the location as it's close to downtown Panama City and all its restaurants and shopping! If you're looking for charm, character, and plenty of extras, this cottage is the one!

Property Details

Property Features

Property Information:

  • Architectural Style: Florida
  • Year Built: 1948
  • Living Area: 1,278 SqFt

Listing Office:

  • Office Name: Keller Williams Success Realty

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Range, Gas Water Heater, Refrigerator, Washer

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Boat, Driveway, No Garage, RV Access/Parking

Lot Features

Lot Information:

  • Lot: Cleared
  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Wood Stove
  • Cooling: Wall Unit(s)

Other

Directions Information:

  • Directions: Traveling south on Cove Blvd make a left on Cherry Street. Go past the school and the house will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $215,000
  • Price Per SqFt: $168/SqFt

Tax Information:

  • Annual Amount: $568
  • 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

1606 Cherry St vs Panama City

13 DAYS ON ROCKET

-64 Days

$215,000

-$124.4K Less

$168/SqFt

-$34 Less

KEY TAKEAWAY

This property is $124.4K less than the Median Sold Price and $34/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: #764743

Listing Office:

  • Office Name: Keller Williams Success 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: 11/19/2024, 9:20:51 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

May 04, 2006Home Sold
$169,900

Tax History

YEARPROP. TAXASSESSMENT
2020$568$55,844
2018$439$72,347
2017$433$71,041

History based on county public records data.

Payment Calculator

$1,141

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$711

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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.

Nearby Schools

school-card-donut-1009373
1
/10

  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 0.38 miles

  • Public District Grades PK-5

school-card-donut-1009374
1
/10

  • Cedar Grove Elementary School

  • 2826 E 15th St

  • 2.21 miles

  • Public District Grades PK-5

school-card-donut-1009375
3
/10

  • Parker Elementary School

  • 640 S Highway 22 A

  • 2.43 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 $78,385. The majority of Panama City, FL residents have income between $35k-100k annually. Most families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1606 Cherry St

What is the listing price of this property?

The listing price of 1606 Cherry St property is $215,000.

What type of property is this?

The property 1606 Cherry St is a house located in Panama City, Florida, 32401.

Is this property for sale now?

Accepting Backup Offers: 1606 Cherry St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $568 (source: MLS/based on county public records data).

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

The last sale was on May 4, 2006 for $169,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1606 Cherry St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1606 Cherry St is 1,278 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1606 Cherry St is 1948.

Rocket Homes›Florida›Bay County›Panama City›32401›1606 Cherry St

This home is located at 1606 Cherry St in Panama City, FL and zip code 32401 in the Cove Terrace neighborhood. This 1,278 square foot home, which was built in 1948, sits on a 0.28 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $215,000.

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. 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.

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