2 months on rocket

503 Parkwood Dr, Panama City, FL, 32405

$581,500

Home List Price

$6,905*

Closing Credit

4 Bedrooms
3 Full Baths
2,695 SqFt
$216/SqFt
House

Location

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503 Parkwood Dr, Panama City$581,500

Buyer Closing Credits

$6,905*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Converted Garage
Year Built1994
HeatingElectric, Fireplace(s)
CoolingCentral Air, Electric
FireplaceGas, Outside
Private PoolYes
MLS #760864
Lot Size0.31 Acres
StatusActive

About 503 Parkwood Dr

This tropical oasis, located in the heart of Panama City, offers a serene escape. Boasting 8-foot privacy fence. Recently renovated to feature a more open floor plan and enhanced with handicap accessibility, this Caribbean-style retreat features lush landscaping. Enjoy the magnificent 33x17 L-shaped pool, which has been recently refinished and fitted with a new filter, surrounded by a variety of palm trees. The property offers extensive paver and tile patio areas perfect for relaxation, including a fully outfitted tiki hut with ample electrical outlets, sinks, an outdoor shower, and a half bathroom. Additionally, there are two decorative paved sitting areas, a jetted hot tub, an outdoor fireplace, and a separate sitting area with a garden. There's also plenty of yard space for pets or children. The metal roof was replaced in 2019.Inside, the home showcases tall ceilings, a cathedral ceiling in the living room, tile flooring through out. The kitchen, was completely renovated with new cabinets and kitchen island. The Florida room, featuring custom marble flooring, connects seamlessly to the pool, tiki hut, and backyard. The bedrooms are generously sized. Additionally, there is extra storage and a workshop area accessible from the paved side yard or through barn-style doors from the patio, providing ample space for a golf cart, lawn mowers, bicycles, and tools. The driveway accommodates an RV, boat, and several cars with ease. The home also features a sprinkler system, an extra-wide gutter system, and newer pool equipment with a waterfall and sitting area.

Property Details

Property Features

Property Information:

  • Year Built: 1994
  • Living Area: 2,695 SqFt

Listing Office:

  • Office Name: Think Real Estate

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
  • Interior: Fireplace, Kitchen Island
  • Fireplace: Gas, Outside

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Built-in Barbecue, Deck, Fire Pit, Handicap Accessible, Sprinkler/Irrigation, Outdoor Kitchen, Outdoor Shower

Parking Information:

  • Parking: Driveway, Converted Garage

Lot Features

Lot Information:

  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From 23rd street, North at Harrison ave, Right on Timber ln, right onto Parkwood Drive, home will be on your left

Price Information

Listing Price Info

Price Summary:

  • List Price: $581,500
  • Price Per SqFt: $216/SqFt

Tax Information:

  • Annual Amount: $3,411
  • Tax Year: 2020
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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

503 Parkwood Dr vs Panama City

79 DAYS ON ROCKET

+2 Days

$581,500

+$242K More

$216/SqFt

+$14 More

KEY TAKEAWAY

This property is $242K more than the Median Sold Price and $14/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: #760864

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: 11/19/2024, 8:20:51 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

Aug 02, 2021Home Sold
$420,000
Sep 19, 2003Home Sold
$216,000
May 30, 2000Home Sold
$186,000
Dec 18, 1998Home Sold
$182,500

Tax History

YEARPROP. TAXASSESSMENT
2020$3,411$227,831
2018$2,858$228,644
2017$2,829$228,198

History based on county public records data.

Payment Calculator

$2,970

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,810

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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-997287
4
/10
  • Northside Elementary School

  • 2001 Northside Dr

  • 1.51 miles

  • Public District Grades PK-5

school-card-donut-997288
3
/10
  • Hiland Park Elementary School

  • 2507 E Baldwin Rd

  • 1.65 miles

  • Public District Grades KG-5

school-card-donut-997289
6
/10
  • Palm Bay Elementary School

  • 1104 Balboa Ave

  • 2.08 miles

  • Public Charter Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,744. The most common annual income of people living in Panama City, FL is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 503 Parkwood Dr

What is the listing price of this property?

The listing price of 503 Parkwood Dr property is $581,500.

What type of property is this?

The property 503 Parkwood Dr is a house located in Panama City, Florida, 32405.

Is this property for sale now?

Active Listing: 503 Parkwood Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,411 (source: MLS/based on county public records data).

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

The last sale was on August 2, 2021 for $420,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 503 Parkwood Dr has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 503 Parkwood Dr is 2,695 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 503 Parkwood Dr is 1994.

Rocket HomesFloridaBay CountyPanama City32405503 Parkwood Dr

This home is located at 503 Parkwood Dr in Panama City, FL and zip code 32405 in the The Woods neighborhood. This 2,695 square foot home, which was built in 1994, sits on a 0.31 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 31, 2024 and is currently priced at $581,500.

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 number of homes for sale in Panama City, FL decreased by 1.7% between September 2024 and October 2024. In October 2024 median list price was $339,477 and the average listing age was 77 days.

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

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