5 months on rocket

524 Powell Ave, Panama City, FL, 32401

$281,122

Home List Price

$3,338*

Closing Credit

5 Bedrooms
2 Full Baths, 2 Partial
2,831 SqFt
$99/SqFt
Multi

Location

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524 Powell Ave, Panama City$281,122

Buyer Closing Credits

$3,338*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDriveway
Year Built1945
HeatingCentral
CoolingCentral Air, Window Unit(s)
MLS #759463
StatusActive

About 524 Powell Ave

Sitting on a little over a 1/2 acre, this solid block constructed home boasts 5 bedrooms and 2 full baths and 2 half baths. Unit B has 3 bedrooms and 1 full and 1 half bath. The attached Unit A has its own full-size kitchen and living room, 2 bedrooms, 1 full and 1 half baths. Both living spaces have washer and dryer hook-up in place. Notable features of this property include concrete block construction, a well system, a detached 12x20 shed needing repair, an underground fallout shelter and plenty of storage. The fenced yard provides plenty of room for boat or camper storage. The home needs repairs and TLC. Unit B has central heat and air. Unit A has 2 working window a/c units, but no heat source. The Seller has a transferable termite bond and survey. This could be a great rental investment property or ideal for someone needing separate living spaces for parents. All measurements are approximate, please verify if important.

Property Details

Property Features

Property Information:

  • Year Built: 1945
  • Living Area: 2,831 SqFt

Listing Office:

  • Office Name: Bay Homes Real Estate, Inc

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Interior: Storage

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Parking Information:

  • Parking: Driveway

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Window Unit(s)

Other

Directions Information:

  • Directions: From Jenks Ave, head west on US-98 for 2.8 miles. Turn right onto School Ave and continue for 1.2 miles. Make a sharp right onto Powell Ave. Property located on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $281,122
  • Price Per SqFt: $99/SqFt

Tax Information:

  • Annual Amount: $1,353
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$339.2K

Med. Price/SqFt

$201

Avg. Days On Market

79

# of Sold Homes

166

524 Powell Ave vs Panama City

172 DAYS ON ROCKET

+93 Days

$281,122

-$58.1K Less

$99/SqFt

-$102 Less

KEY TAKEAWAY

This property is $58.1K less than the Median Sold Price and $102/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: #759463

Listing Office:

  • Office Name: Bay Homes Real Estate, Inc

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: 12/22/2024, 5:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,353$85,394
2018$594$64,447
2017$592$63,121

History based on county public records data.

Payment Calculator

$1,471

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$909

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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-892845
1
/10
  • Cedar Grove Elementary School

  • 2826 E 15th St

  • 1.16 miles

  • Public District Grades PK-5

school-card-donut-892846
3
/10
  • Parker Elementary School

  • 640 S Highway 22 A

  • 1.83 miles

  • Public District Grades PK-5

school-card-donut-892847
1
/10
  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 1.85 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,995. The most common annual income of people living in Panama City, FL is between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas


Rocket HomesFloridaBay CountyPanama City32401524 Powell Ave

This home is located at 524 Powell Ave in Panama City, FL and zip code 32401. This 2,831 square foot home was built in 1945. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 03, 2024 and is currently priced at $281,122.

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. The number of listings in Panama City, FL decreased by 3.9% between October 2024 and November 2024. While the average time on the market in November 2024 was 79 days, the median list price was $339,223.

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

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