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Address Not Disclosed - MLS#965132, Panama City, FL, 32401

$605,000

Home List Price

$7,184*

Closing Credit

6 Bedrooms
6 Full Baths
2,907 SqFt
$208/SqFt
House

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Address Not Disclosed$605,000

Buyer Closing Credits

$7,184*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1952
CoolingWall/Window Unit(s)
MLS #965132
Lot Size0.31 Acres
StatusActive

About This Home

Welcome to a Turnkey Investment Opportunity! This fully remodeled property at 116 Springfield Ave offers six detached single-family units, each featuring one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completely updated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rolls available. The updates include new (2021) 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, paint, and luxury vinyl plank flooring, as well as new kitchen cabinets and countertops. Each unit is individually metered for water and electricity, ensuring efficient management. Professionally managed by ERA Neubauer Property Management, this property is an excellent addition to any investment portfolio. As an added bonus, the adjacent cleared lot (Parcel ID 24228-005-000) with mixed-use zoning is also listed for sale at 65,000, (MLS 766435) providing an ideal opportunity for additional development or other creative uses. Schedule your private showing today with your preferred real estate professional!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1952
  • Stories: 1
  • Living Area: 2,907 SqFt

Listing Office:

  • Office Name: ERA Neubauer Commercial
  • Office Phone: (850) 230-3665
  • Listing Agent: Kaci A Hawes, Heather Neubauer

Interior Features

Interior Information:

  • Appliances: Cooktop, Refrigerator, Electric Oven
  • Interior: Renovated, Washer/Dryer Hookups

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Porch, Renovated

Lot Features

Lot Information:

  • Lot: Cleared, Corner Lot, See Remarks
  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Cooling: Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $605,000
  • Price Per SqFt: $208/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

This property vs Panama City

1 DAY ON ROCKET

-78 Days

$605,000

+$265.7K More

$208/SqFt

+$7 More

KEY TAKEAWAY

This property is $265.7K more than the Median Sold Price and $7/SqFt more 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: #965132

Listing Office:

  • Office Name: ERA Neubauer Commercial
  • Office Phone: (850) 230-3665
  • Listing Agent: Kaci A Hawes, Heather Neubauer

IDX 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: 12/22/2024, 6:21:07 PM 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

$3,087

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,880

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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-1043056
3
/10

  • Lucille Moore Elementary School

  • 1900 Michigan Ave

  • 1.27 miles

  • Public District Grades PK-5

school-card-donut-1043057
1
/10

  • St. Andrew School at Oakland Terrace

  • 2010 W 12th St

  • 2.19 miles

  • Public District Grades PK-5

school-card-donut-1043058
7
/10

  • Patronis Elementary School

  • 7400 Patronis Dr

  • 2.26 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,032. The most common annual income of people living in Panama City, FL is less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Bay County›Panama City›32401›Address Not Disclosed

This 2,907 square foot home, which was built in 1952, sits on a 0.31 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since December 22, 2024 and is currently priced at $605,000.

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. The median list price of listings available in November 2024 was $339,223, while the average time on the real estate market was 79 days.

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

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