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Backup Offers

347 N Cove, Panama City, FL, 32401

$450,000

Home List Price

$5,344*

Closing Credit

4 Bedrooms
4 Full Baths
2,796 SqFt
$161/SqFt
Multi

Location

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347 N Cove, Panama City$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingAdditional Parking, Attached, Driveway, Garage, Garage Door Opener
Attached Garage1 space
Year Built1987
HeatingCentral, Fireplace(s)
CoolingCentral Air
MLS #765335
Lot Size0.20 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 347 N Cove

This beautifully updated split-level home offers modern comforts and versatile living spaces, making it an ideal choice for multi-generational living or as an income-generating rental property. The main level features a bright and airy kitchen, completely renovated with brand-new stainless steel appliances, sleek countertops, and plenty of cabinet space. From the kitchen, step out onto the screened deck, perfect for relaxing or entertaining. The spacious living area includes a cozy fireplace and two generous bedrooms, each with ample closet and storage space. Both upstairs bathrooms have been fully updated with stylish new cabinets, countertops, and walk-in glass door showers with custom tilework.The fully finished basement is a true gem, offering an entirely separate living space. With its own kitchen, two additional bedrooms, and two baths, this area is perfect for a mother-in-law suite, guest quarters, or an independent rental unit. The layout allows for full privacy between levels, with the option to lock off each floor for separate tenants. While the home is not separately metered, it comes equipped with two A/C units and two water heaters for added convenience and efficiency--making it an attractive option for long-term renters or short-term stays.Situated in a well-established, friendly neighborhood, this property offers both a peaceful living environment and proximity to local amenities, schools, and parks. Whether you're looking for extra space for family or guests, or seeking a solid rental investment in a desirable area, this home is a perfect fit. Additional highlights include a new driveway, sprinkler system, and freshly painted exterior.

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1987
  • Living Area: 2,796 SqFt

Listing Office:

  • Office Name: Think Real Estate

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator
  • Interior: Recessed Lighting

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Balcony, Sprinkler/Irrigation

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: Yes
  • Parking: Additional Parking, Attached, Driveway, Garage, Garage Door Opener

Lot Features

Lot Information:

  • Lot: Corner Lot, Landscaped
  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Central, Fireplace(s)
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From the intersection of US Bus Hwy 98 and N Cove Blvd, travel south approximately 0.2 miles to the intersection of N Cove Blvd and E 3rd Ct. The residence will be in at the NW corner of this inersection.

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $161/SqFt
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Housing Market Comparison

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

Med. Sold Price

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

347 N Cove vs Panama City

3 DAYS ON ROCKET

-74 Days

$450,000

+$110.5K More

$161/SqFt

-$41 Less

KEY TAKEAWAY

This property is $110.5K more than the Median Sold Price and $41/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: #765335

Listing Office:

  • Office Name: Think Real Estate

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: 11/24/2024, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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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-1242733
1
/10
  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 0.60 miles

  • Public District Grades PK-5

school-card-donut-1242734
6
/10
  • Palm Bay Elementary School

  • 1104 Balboa Ave

  • 1.77 miles

  • Public Charter Grades KG-5

school-card-donut-1242735
1
/10
  • Cedar Grove Elementary School

  • 2826 E 15th St

  • 2.20 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,803. Typical income of Panama City, FL residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesFloridaBay CountyPanama City32401347 N Cove

This home is located at 347 N Cove in Panama City, FL and zip code 32401 in the Bunkers Cove neighborhood. This 2,796 square foot home, which was built in 1987, sits on a 0.20 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $450,000.

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%. While the average time on the market in October 2024 was 77 days, the median list price was $339,477.

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

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