7 months on rocket

359 Mercedes Ave Unit A & B, Panama City, FL, 32401

$350,000

Home List Price

$4,156*

Closing Credit

4 Bedrooms
4 Full Baths
2,146 SqFt
$163/SqFt
Multi

Location

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359 Mercedes Ave Unit A & B, Panama City$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingAdditional Parking, Alley Access, Covered, Driveway, Electric Vehicle Charging Station(s)
Year Built1990
HeatingCentral, Electric, Fireplace(s)
CoolingCentral Air, Electric, Multi Unit(s)
ViewBayou
MLS #756377
Lot Size0.17 Acres
StatusActive

About 359 Mercedes Ave Unit A & B

Welcome to 359 Mercedes Ave!!Seller is offering a $10,000 concession at closing.This stunning Next Gen home features 4 bedrooms and 4 bathrooms across 2,146 square feet of beautifully designed living space. The main area boasts 3 bedrooms and 3 bathrooms with breathtaking water views of Watson Bayou, creating a serene coastal atmosphere. Adjacent to the main residence is an attached apartment or Mother-in-Law suite, complete with 1 bedroom, 1 bathroom, a kitchen, laundry facilities, a closet, and its own private entrance, parking, and yard space--perfect for extended family or rental income.Nestled in a highly desirable area, you'll enjoy being just 2 minutes from Ascension Sacred Heart Hospital, a quick 5-minute drive to Downtown Panama City, and less than 10 minutes to the shopping districts. Plus, the beautiful beaches of Panama City Beach are only 20 minutes away, offering endless opportunities for sun and fun. Additionally, Tyndall Air Force Base is just a short drive away, making this an ideal location for military families.Don't miss out on this exceptional home in a prime location with endless potential. Schedule your viewing today and make 359 Mercedes Ave your new address!

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1990
  • Living Area: 2,146 SqFt

Listing Office:

  • Office Name: Century 21 BE3

Interior Features

Interior Information:

  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Interior: Fireplace, High Ceilings

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Bayou
  • Exterior: Storm/Security Shutters

Parking Information:

  • Parking: Additional Parking, Alley Access, Covered, Driveway, Electric Vehicle Charging Station(s)

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric, Fireplace(s)
  • Cooling: Central Air, Electric, Multi Unit(s)

Other

Directions Information:

  • Directions: from US HWY 98 turn Right on E Fourth Street and drive 100 yards. Turn Left onto Mercedes Ave and drive 1/8 of a mile. The Listing will be on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $163/SqFt
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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

359 Mercedes Ave Unit A & B vs Panama City

234 DAYS ON ROCKET

+155 Days

$350,000

+$10.7K More

$163/SqFt

-$38 Less

KEY TAKEAWAY

This property is $10.7K more than the Median Sold Price and $38/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: #756377

Listing Office:

  • Office Name: Century 21 BE3

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

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

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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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-664693
1
/10

  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 0.55 miles

  • Public District Grades PK-5

school-card-donut-664694
1
/10

  • Cedar Grove Elementary School

  • 2826 E 15th St

  • 1.98 miles

  • Public District Grades PK-5

school-card-donut-664695
6
/10

  • Palm Bay Elementary School

  • 1104 Balboa Ave

  • 1.98 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,803. Most Panama City, FL residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Bay County›Panama City›32401›359 Mercedes Ave Unit A & B

This home is located at 359 Mercedes Ave Unit A & B in Panama City, FL and zip code 32401 in the Bunkers Cove neighborhood. This 2,146 square foot home, which was built in 1990, sits on a 0.17 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 30, 2024 and is currently priced at $350,000.

In November 2024, from all listings sold in Panama City, FL there were more than 13 sold above asking price, over 120 sold below and more than 33 were sold right at the asked price. The number of homes for sale in Panama City, FL decreased by 3.9% between October 2024 and November 2024. In November 2024 median list price was $339,223 and the average listing age was 79 days.

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

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