11 months on rocket

601 Cypress Ave, Panama City, FL, 32401

$425,000

Home List Price

$5,047*

Closing Credit

3 Bedrooms
2 Full Baths
1,500 SqFt
$283/SqFt
House

Location

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601 Cypress Ave, Panama City$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Gravel, Converted Garage
Year Built2020
HeatingCentral
CoolingCentral Air, Ceiling Fan(s)
WaterfrontDock, Boat Slip, Bayou, Boat Ramp, Boat Lift, Dock Access, Seawall, Waterfront
ViewBayou
MLS #749713
Lot Size0.58 Acres
StatusActive

About 601 Cypress Ave

Unique, Rustic, Cowboy Fisherman Design. Watson Bayou waterfront home on over 1/2 acre with boathouse, split dock & boat lift. Home built in 2020 with crawl space Cinder Block foundation, hardiboard sheet exterior, metal roof, solar panels & bahama style hurricane shutters. Floorplan allows master bedroom & bath/laundry to be separated from living room, kitchen and 2 bedrooms with Jack and Jill bathroom between them. All furnishings convey with the house. Solar panels will be paid off so you will own them free and clear. 2 lots almost .6 acres NO flood insurance required as per FEMA map X Flood Zone high and dry. Ascension Hospital is right across Watson Bayou and can be seen from the backyard. The covered back porch and its view are sure to make every morning delightful. ALL new home built only 3 years ago, then the garage was extended and enclosed to make a great game room furnished with Pool table. The interior walls of the Game Room are covered with Sycamore from a fallen tree in the yard from Hurricane Michael. This lumber was milled on site from that tree and proudly adorns the walls. ALL furnishings STAY. Property is ideal for and was used for Airbnb. Great location for water adventures on Watson Bayou and St Andrews Bay and the Gulf of Mexico...all accessible from your backyard. NO Boat included in this sale. All information is true and accurate to the best of our knowledge. Please verify for accuracy.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 2020
  • Living Area: 1,500 SqFt

Listing Office:

  • Office Name: Realty Check Real Estate Services

Interior Features

Interior Information:

  • Interior: Beamed Ceilings

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Dock, Boat Slip, Bayou, Boat Ramp, Boat Lift, Dock Access, Seawall, Waterfront
  • View: Bayou
  • Exterior: Storage, Storm/Security Shutters

Parking Information:

  • Parking: Driveway, Gravel, Converted Garage

Lot Features

Lot Information:

  • Lot: Waterfront
  • Lot Size: 0.58 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From Hwy 77, aka MLK Blvd aka Cove Blvd., head South to Bus Hwy 98, turn left, cross Watson Bayou bridge and take a left onto Bay Ave. then take your second left onto E 6th St and you will be headed into the driveway and southern most part of this property. Turn right then immediately left toward this blue bungalow home on Watson Bayou

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $283/SqFt

Tax Information:

  • Annual Amount: $1,505
  • Tax Year: 2020
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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

$339.4K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

194

601 Cypress Ave vs Panama City

358 DAYS ON ROCKET

+281 Days

$425,000

+$85.5K More

$283/SqFt

+$81 More

KEY TAKEAWAY

This property is $85.5K more than the Median Sold Price and $81/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: #749713

Listing Office:

  • Office Name: Realty Check Real Estate Services

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: 11/22/2024, 7:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,505$83,075
2018$1,257$83,075
2017$1,245$83,075

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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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-549912
1
/10

  • Merriam Cherry Street Elementary School

  • 1125 Cherry St

  • 0.82 miles

  • Public District Grades PK-5

school-card-donut-549913
1
/10

  • Cedar Grove Elementary School

  • 2826 E 15th St

  • 1.68 miles

  • Public District Grades PK-5

school-card-donut-549914
6
/10

  • Palm Bay Elementary School

  • 1104 Balboa Ave

  • 2.03 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 $36,921. The majority of Panama City, FL residents have income less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 601 Cypress Ave

What is the listing price of this property?

The listing price of 601 Cypress Ave property is $425,000.

What type of property is this?

The property 601 Cypress Ave is a house located in Panama City, Florida, 32401.

Is this property for sale now?

Active Listing: 601 Cypress Ave 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 $1,505 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 601 Cypress Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 601 Cypress Ave is 1,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 601 Cypress Ave is 2020.

Rocket Homes›Florida›Bay County›Panama City›32401›601 Cypress Ave

This home is located at 601 Cypress Ave in Panama City, FL and zip code 32401 in the Old Orchard neighborhood. This 1,500 square foot home, which was built in 2020, sits on a 0.58 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 29, 2023 and is currently priced at $425,000.

Over 16 listings were sold over their listed price in October 2024 in Panama City, FL. In the same period over 138 listings were sold below the listed price and 40 listings were sold for the listed price. Between September 2024 and October 2024, Panama City, FL real estate market has seen decrease in the number of listings by 1.7%. Listings spent 77 days on the market in October 2024, and had a median list price of $339,477 during the same period.

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

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