CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. GREAT investment opportunity on a double lot in central Panama City! Two-bedroom, one bath home with a Florida Room. The double lot offers many possibilities! Water and power in the backyard presumably for recreational vehicles. Additionally, the shed has power! Parking is not a problem and plenty of room for work vehicle and boat.
Roof was replaced March of 2023 and the front porch was added at that time. AC Replaced in 2020. Imagine the potential! Current use is Residential and is Listed as GCOM in Bay County. Don't miss out, call today!
Sold for $123,000
$123,000
2221 E 16th St, Panama City, FL 32405
2beds
878sqft
Single Family Residence
Built in 1959
0.3 Acres Lot
$122,200 Zestimate®
$140/sqft
$1,385 Estimated rent
Home value
$122,200
$109,000 - $137,000
$1,385/mo
Zestimate® history
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$650/mo
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List your homeWhat's special
Florida roomShed has powerDouble lot
Zillow last checked:
Listing updated:
Listed by:
Mary Sowell 850-832-9496,
Keller Williams Success Realty
Bought with:
Michelle Rydeski, SL3389739
Robert Slack, LLC
Source: CPAR,MLS#: 762941
Originating MLS: Central Panhandle Association of REALTORS
Originating MLS: Central Panhandle Association of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Bedroom, Full Bath, Florida Room, Kitchen, Living Room, Porch
Bedroom
- Dimensions: 9.1 x 12.5
Bedroom
- Dimensions: 10.8 x 11.7
Florida room
- Dimensions: 7.9 x 22
Other
- Dimensions: 6.1 x 5
Kitchen
- Dimensions: 8.11 x 8.9
Living room
- Dimensions: 10.7 x 13.2
Porch
- Dimensions: 7.8 x 30.6
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Gas Range, Gas Water Heater
Interior area
- Total structure area: 878
- Total interior livable area: 878 sqft
Property
Parking
- Total spaces: 1
- Parking features: Additional Parking
- Covered spaces: 1
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Porch
- Pool features: Other, See Remarks
- Fencing: Chain Link,Partial,Privacy
Lot
- Size: 0.3 Acres
- Dimensions: 95 x 135
- Features: Paved
Details
- Additional structures: Shed(s)
- Parcel number: 14782005000
- Zoning description: Commercial
- Special conditions: Listed As-Is
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Utilities for property: Electricity Available
Community & HOA
Community
- Features: Short Term Rental Allowed
- Subdivision: St And Bay Dev Co
HOA
- Has HOA: No
Location
- Region: Panama City
Financial & listing details
- Price per square foot: $140/sqft
- Tax assessed value: $53,223
- Annual tax amount: $72
- Date on market: 9/20/2024
- Cumulative days on market: 136 days
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2025 | Sold | $123,000-5.4%$140/sqft |
Source:  CPAR #762941 Report a problem | ||
| 2/3/2025 | Contingent | $130,000$148/sqft |
Source: CPAR #762941 Report a problem | ||
| 1/22/2025 | Price change | $130,000-7.1%$148/sqft |
Source: CPAR #762941 Report a problem | ||
| 9/20/2024 | Listed for sale | $140,000$159/sqft |
Source: CPAR #762941 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $78 +7.9% | $39,590 +3.9% |
| 2023 | $72 +8.8% | $38,099 +3% |
| 2022 | $66 | $36,989 |
| 2021 | -- | -- |
| 2020 | $62 -15.9% | $35,416 -5.4% |
| 2019 | $74 | $37,424 +1.9% |
| 2018 | $74 +2.9% | $36,726 +2.1% |
| 2017 | $72 +3.2% | $35,971 +2.1% |
| 2016 | $70 +0.9% | $35,231 +0.7% |
| 2015 | $69 | $34,986 +0.8% |
| 2014 | $69 | $34,708 +1.5% |
| 2013 | -- | $34,195 -1.3% |
| 2012 | -- | $34,632 +6.1% |
| 2011 | -- | $32,644 +1.5% |
| 2010 | -- | $32,162 +2.7% |
| 2009 | -- | $31,316 +0.1% |
| 2008 | -- | $31,285 +3% |
| 2007 | -- | $30,374 +2.5% |
| 2006 | -- | $29,633 +3% |
| 2005 | -- | $28,770 +3% |
| 2004 | -- | $27,932 +10.2% |
| 2003 | -- | $25,350 +2.4% |
| 2002 | -- | $24,756 +1.6% |
| 2001 | -- | $24,366 +1.1% |
| 2000 | -- | $24,094 |
Find assessor info on the county website
Neighborhood: Cedar Grove
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Nearby schools
GreatSchools rating
- 4/10Cedar Grove Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 5/10Mowat Middle SchoolGrades: 6-8Distance: 3.8 mi
- 4/10Bay High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Cedar Grove
- Middle: Mowat
- High: Bay
Source: CPAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Florida
- Bay County
- Panama City
- 32405
- Cedar Grove
- 2221 E 16th St
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