Home For Sale In Panama City, Florida

house for sale

Listed: 03/11/24

2708 East 4th Street, Millville, Panama City, FL 32401, USA

3 Bed:

2 Bath:

1,031 Sq Ft Living Area:

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Price

$ 88,000

Price: Lower

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About This House

This house is completely gutted as the photos may show, but what's more important is the$15, 000engineer plan the seller paid for with MK Weber Engineering LLC. The new plan shows a 3bed/2bath floor plan with additional square footage which changes the ARV of the house. This coupled with the house being on a large corner lot makes it a great investment!!!! This is a great opportunity for any seasoned investor to take on. The seller got an estimate of 75k to repair which is about $75 a square foot. The house and be resold anywhere$210-$225a square which is an affordable price point for a lot of future buyers in this demographic.

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Houses for sale in Panama City

Original listing

Panama City Housing & Living

Average sale prices for houses

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
Apr 2024	$316,255 (0%)
Mar 2024	$316,255 (0%)
Feb 2024	$316,255 (0%)
Jan 2024	$316,255 (+7.8%)
Dec 2023	$293,437 (+13.5%)
Nov 2023	$258,573 (-22.7%)

In April 2024, the asking price for 3 bed houses for sale in/near Panama City, United States averaged $316,255, staying on the same level compared to the previous month.

Median price trends for properties for sale in Panama City, United States as of April 2024.

Household Income

Median household income: $40,114

Number of households: 14,898

The average household income in Panama City, FL grew from $38,397 to $40,114 in the past year. This data is an estimate based upon 14,898 households in Panama City, FL.
The chart below presents how household income is distributed in Panama City, FL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: <$800

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Panama City, FL compared to median property taxes around the country. The prevalent amount of property taxes in Panama City, FL equals <$800 , which is less than the national average.