7 months on rocket

Sale Pending

2228 E 17th St, Panama City, FL, 32405

$1,500,000

Home List Price

$10,000*

Closing Credit

15 Bedrooms
13 Full Baths
7,120 SqFt
$211/SqFt
Multi

Location

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2228 E 17th St, Panama City$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway
Year Built2020
CoolingCentral Air, Electric
MLS #756905
Lot Size0.96 Acres
StatusSale Pending
(Pending)

About 2228 E 17th St

Don't miss out on this exceptional investment opportunity to own a portfolio of five duplexes and a triplex, totaling 13 individual units. Nestled on almost an acre of land, these single-story properties enjoy a coveted location near Tyndall Air Force Base and downtown Panama City. Each unit provides convenience with two designated parking spaces and central HVAC system. Inside, tenants will appreciate the sleek, practical design featuring luxury vinyl plank flooring and up-to-date appliances, ensuring a comfortable and budget-friendly living experience. The duplexes feature one-bedroom, one-bathroom layouts, while the spacious green duplex offers two-bedroom units, ideal for families or those desiring extra space. Meanwhile, the triplex features three one-bedroom, one-bathroom units. This property is managed by a rental management company. Providing affordable housing options within a vibrant community, this investment opportunity promises a stable income and long-term potential for investors. All units are currently under annual leases.

Property Details

Property Features

Property Information:

  • Year Built: 2020
  • Living Area: 7,120 SqFt

Listing Office:

  • Office Name: Scenic Sotheby's International Realty

Interior Features

Interior Information:

  • Appliances: Electric Cooktop, Electric Oven, Electric Water Heater, Refrigerator

Bedroom and Bathroom Information:

  • Full Bathrooms: 13
  • Total Bedroom Count: 15

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.96 Acres

Utilities

Utilities Information:

  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: From Hwy 98 and Sherman, head North on Sherman, turn left at 17th Street. (5) Duplexes and (1) Triplex on the left just behind the commercial lot on the corner of Sherman & 17th Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $211/SqFt

Tax Information:

  • Annual Amount: $236
  • 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

$339.2K

Med. Price/SqFt

$201

Avg. Days On Market

79

# of Sold Homes

166

2228 E 17th St vs Panama City

224 DAYS ON ROCKET

+145 Days

$1,500,000

+$1.1M More

$211/SqFt

+$10 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $10/SqFt more 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: #756905

Listing Office:

  • Office Name: Scenic Sotheby's International 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: 12/21/2024, 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

Listing History

Feb 04, 2020Home Sold
$80,000

Tax History

YEARPROP. TAXASSESSMENT
2020$236$19,600
2018$1,455$106,426
2017$1,508$108,745

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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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-664579
1
/10

  • Cedar Grove Elementary School

  • 2826 E 15th St

  • 0.76 miles

  • Public District Grades PK-5

school-card-donut-664580
3
/10

  • Hiland Park Elementary School

  • 2507 E Baldwin Rd

  • 1.76 miles

  • Public District Grades KG-5

school-card-donut-664581
1
/10

  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 2.25 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 $36,071. The majority of Panama City, FL residents have income less than $35k annually. Most families are 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

Rocket Homes›Florida›Bay County›Panama City›32405›2228 E 17th St

This home is located at 2228 E 17th St in Panama City, FL and zip code 32405 in the Saint Andrews Bay neighborhood. This 7,120 square foot home, which was built in 2020, sits on a 0.96 acre lot. Features: 15 bedrooms, 13 bathrooms. It has been listed on Rocket Homes since May 10, 2024 and is currently priced at $1,500,000.

Over 13 listings were sold over their listed price in November 2024 in Panama City, FL. In the same period over 120 listings were sold below the listed price and 33 listings were sold for the listed price. In November 2024 in Panama City, FL there were 3.9% less homes for sale than in October 2024. Listings spent 79 days on the market in November 2024, and had a median list price of $339,223 during the same period.

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

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