501 Palermo Rd, Panama City, FL, 32405

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501 Palermo Rd, Panama City$225,000

Buyer Closing Credits

$2,672^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeTownhouse

Year Built1983

HeatingCentral

CoolingCeiling Fan(s), Central Air

MLS #958315

Lot Size0.10 Acres

StatusActive

About 501 Palermo Rd

Welcome to this beautifully updated 3-bedroom, 2.5-bathroom home, perfect for those looking to settle into their first home. Step inside to discover large, inviting rooms with fresh paint and newer flooring throughout, creating a modern and welcoming atmosphere. The downstairs features durable and stylish tile flooring, while the upstairs boasts easy-to-maintain vinyl plank flooring. Out back, youll find a fenced yard. This home is move-in ready and offers a fantastic blend of comfort and style, making it the perfect place to start your next chapter!

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Property Details

Property Features

Property Information:

• Architectural Style: Townhome
• Year Built: 1983
• Stories: 2
• Living Area: 1,401 SqFt

Listing Office:

• Office Name: Briar Patch Realty LLC
• Office Email: kirkgaskin@yahoo.com
• Listing Agent: Amanda L Gaskin

Interior Features

Interior Information:

• Appliances: Dishwasher, Microwave, Refrigerator, Electric Oven
• Flooring Type: Tile, Vinyl
• Interior: Washer/Dryer Hookups

Bedroom and Bathroom Information:

• Partial Bathrooms: 1
• Full Bathrooms: 2
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Private Pool: No
• Exterior: Fenced Back Yard, Fenced Privacy, Patio Covered

Lot Features

Lot Information:

• Lot: Cleared, Level
• Lot Size: 0.10 Acres

Utilities

Utilities Information:

• Heating: Central
• Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

• Directions: From Publix in Lynn Haven, start out going south toward Hammock Square Dr. Turn left onto Hammock Square Dr. Turn right onto W 24th St. Take the 1st right onto Petty Dr. Turn right onto W 26th St. Tur

Price Information

Listing Price Info

Price Summary:

• List Price: $225,000
• Price Per SqFt: $161/SqFt

Tax Information:

• Annual Amount: $1,123
• Tax Year: 2020

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Housing Market Comparison

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

Panama City, FL

City

Med. Sold Price

$339.2K

Med. Price/SqFt

$201

Avg. Days On Market

79

# of Sold Homes

166

501 Palermo Rd vs Panama City

109 DAYS ON ROCKET

+30 Days

$225,000

-$114.2K Less

$161/SqFt

-$40 Less

KEY TAKEAWAY

This property is $114.2K less than the Median Sold Price and $40/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: #958315

Listing Office:

• Office Name: Briar Patch Realty LLC
• Office Email: kirkgaskin@yahoo.com
• Listing Agent: Amanda L Gaskin

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: 12/21/2024, 10:21:08 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
May 24, 2005	May 24, 2005Home Sold	$122,500
Mar 05, 2003	Mar 05, 2003Home Sold	$66,000
Apr 30, 2001	Apr 30, 2001Home Sold	$65,000
Feb 16, 2001	Feb 16, 2001Home Sold	$50,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,123	$57,977
2018	$920	$60,774
2017	$918	$61,225

History based on county public records data.

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**Disclosures

Rocket Homes›Florida›Bay County›Panama City›32405›501 Palermo Rd

This home is located at 501 Palermo Rd in Panama City, FL and zip code 32405 in the Venetian VIllas neighborhood. This 1,401 square foot home, which was built in 1983, sits on a 0.10 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $225,000.

Panama City, FL housing market in November 2024 saw over 13 listings sold above listed price, more than 33 sold at listed price and over 120 sold below. 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.