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6724 Cherry Street, Panama City, FL 32404
$349,000
6724 Cherry Street, Panama City, FL 32404View this property at 6724 Cherry Street, Panama City, FL 32404
6724 Cherry StreetPanama CityFL32404
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Property Description
DEVELOPMENT ORDER in place for 20 townhomes on this phenomenal corner lot on a hard right turn with 478' road frontage in the heart of Callway near the rapidly expanding Tyndall Air Force Base.Location: in the heart of Callaway near a rapidly expanding military base with millions of dollars in roadways, infrastructure and sidewalk expansion on Cherry St. in process. The influx of new airmen due to the base's redevelopment with the largest government grant in history means there will be high demand for new residential housing in the area.Corner Lot: Having a corner lot at a lighted intersection with significant road frontage (478 feet) is excellent for visibility and accessibility. This can enhance the appeal of the townhomes to potential buyers or renters.Flood Zone ''X'' signifies minimal risk of flooding which will assist with insurance costs. Seller willing to build - Extensive experience in market on comparable fix and flip or similar projects with a successful build to hold portfolio, the builder owners are willing to expedite this project for the right buyer. Engineering plans and job estimate available upon request.Timeline: With the land already cleared and ready to go, and an estimated completion time of 9 months to 1 year for the entire project, this represents a relatively quick turnaround for a development of this scale.
Full Property Details
Full Property Details for 6724 Cherry St
General
- Price: $349,000
- Taxes: $1,459 (2023)
- Status: Active
- Type: Land Residential
- MLS ID: 754950
- Updated: 3/29/2024
- Added to Site: 30 day(s) ago
Location
- County: Bay
- Subdivision: Callaway
- Driving Directions: From the intersection of Jenks and Hwy 98 go East on Hwy 98 for approx. 6 miles. Turn left onto Cherry Street, go East .98 miles. The property is on the right.
School Information
- Elementary School: Callaway
- Middle School: Everitt
- High School: Rutherford
Community
- Community Name: 02 - Bay County - Central
Lot Features
- Lot Size (Acres): 1.18
- Lot Size (Sq. Ft.): 51,401
- Lot Dimensions: 318 x 150 x 318 x 159
- Frontage: City Street
Financial Considerations
- Tax Amount: $1,459
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Legal Description: CALLAWAY PLAT 132B1 LOTS 1 THRU 8 INC BLK 26 PT VACATED ALLEY ORB 905 P1538 ORB 446 P 1827
- Property ID: 06829-000-000
Listed by Anchor Realty Florida
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Schools
Schools serving 6724 Cherry St
School District:Bay District Schools
Rating | Name | Grades | Distance |
---|---|---|---|
7115 E Highway 22, Panama City, FL 32404 | PK-5 | 0.7 mi | |
Everitt Middle School
608 School Ave, Panama City, FL 32401 | 6-8 | 2.6 mi | |
1000 School Ave, Panama City, FL 32401 | 9-12 | 2.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6724 Cherry St
Date
Details
Price
Change
Source
3/29/2024
Listed
$349,000
114.77%
MLS
8/09/2021
Sold
$162,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 6724 Cherry St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$1,459
66%
$117,675
74%
2021
$881
1%
$67,500
—
2022
$872
8%
$67,500
25%
2019
$804
12%
$54,203
-3%
2018
$716
-15%
$56,052
-11%
2017
$839
-3%
$63,267
—
2016
$864
-13%
$63,489
-10%
2015
$993
3%
$70,714
3%
2014
$967
-21%
$68,921
-28%
2013
$1,224
—
$95,233
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 6724 Cherry St
6724 Cherry Street, Panama City, FL 32404 (MLS# 754950) is a Land Residential property with a lot size of 1.18 acres. 6724 Cherry Street is currently listed for $349,000 and was received on March 29, 2024. Want to learn more about 6724 Cherry Street? Do you have questions about finding other Land Residential real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.