$140,000
SOLD OCT 3, 2025

5220 Cherry St Panama City, FL 32404

3 Beds
1 Bath
1,400 Sq Ft
18,295 Sq Ft Lot

Recently Sold

$100 Per Sq Ft

18% Below List Price

93 Days on Market

Highlights

  • No HOA
  • Fireplace
  • Living Room
  • Breakfast Area or Nook
  • Patio
  • Laundry Room

About This Home

As of October 2025

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS
Large Versatile Corner Lot! This property truly stands out with its mixed-use zoning, offering a wealth of possibilities. You could easily continue using it as a spacious residence or transform it into a strategic office space; it's also suitable for further development. Whether you envision establishing a home-based business, a small commercial venture, or even redeveloping the area, this property aligns perfectly with the thriving growth of the surrounding community. At its core, you have a sizable 3-bedroom, 1-bathroom home with practical features such as a functional kitchen with breakfast area, an inside laundry room, a welcoming and generous size family room complete with a cozy fireplace and an added man-cave that creates a versatile space for entertainment or perhaps even a dedicated workspace or hobby area. Outside, the property is amplified by an expansive corner lot—just under half an acre—at your disposal, boasting a generous carport providing ample space for multiple vehicles; it speaks versatility. While the roof was replaced in 2019, please note there is still some remaining damage from Hurricane Michael. Capitalize on this great deal and explore the myriad possibilities this unique property offers! (all sizes approximate and taken from public records, buyer to verify any details buyer deems important).

Last Agent to Sell the Property

Jessica Albritton

Beachy Beach Real Estate License #0706690 Listed on: 06/09/2025

Beachy Beach Real Estate

Last Buyer's Agent

Jessica Albritton

Mustang Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,617

Year Built

  • Built in 1959

Lot Details

  • 18,200 Sq Ft Lot
  • Lot Dimensions are 130x140

Parking

  • 2 Covered Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Electric Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Parker Elementary School
  • Rutherford Middle School
  • Rutherford High School

Additional Features

  • Patio
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,617

Year Built

Built in 1959

Lot Details

0.42 Acres

Listing Details

  • Property Type: Residential
  • Year Built: 1959
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.42
  • Lot Size: 130x140
  • Subdivision Name: No Named Subdivision
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Dining Room Type: Bedroom, Dining Room, Family Room, Kitchen, Living Room
  • Stories: 1

Exterior Features

  • Pool Features: Other, See Remarks
  • Fencing: Partial
  • Construction Type: Brick
  • Exterior Features: Patio
  • Patio And Porch Features: Patio

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage: No
  • Attached Garage: No

Utilities

  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Rutherford Middle

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 18200.0
  • Mobile Dim Units: Feet

Multi Family

  • Number Of Units Total: 1
  • Number Of Units Furnished: None

Tax Info

  • Tax Annual Amount: 1617.0
  • Tax Year: 2024

MLS Schools

  • Elementary School: Parker
  • High School: Rutherford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2025
Closed on
Oct 3, 2025
Sold by
Streekmann Corina
Bought by
Bay Homes And Land Inc
Seller's Agent
Jessica Albritton
Beachy Beach Real Estate
Buyer's Agent
Jessica Albritton
Mustang Realty
List Price
$169,900
Sold Price
$140,000
Premium/Discount to List
-$29,900
-17.6%
Views
238
Current Estimated Value
$148,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,755
Avg. Annual Appreciation
34.74%

Purchase Details

Closed on
Apr 5, 2004
Sold by
Emanuel Dennis Bruce and Pierce Donna L
Bought by
Streekmann Marco E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,340
Interest Rate
5.55%
Mortgage Type
VA
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $140,000 Cornerstone Title
Warranty Deed $88,400 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $74,340 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2025 10/03/25 Sold $140,000 -12.4% $100 / Sq Ft
09/10/2025 09/10/25 Pending -- -- --
08/26/2025 08/26/25 Price Changed $159,900 -5.9% $114 / Sq Ft
06/09/2025 06/09/25 For Sale $169,900 -- $121 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,617 $124,106 $45,227 $78,879
2024 $1,529 $115,754 $41,405 $74,349
2023 $1,529 $108,098 $33,124 $74,974
2022 $491 $89,771 $0 $0
2021 $350 $73,971 $0 $0
2020 $350 $72,950 $25,480 $47,470
2019 $352 $73,441 $25,480 $47,961
2018 $511 $88,143 $0 $0
2017 $526 $88,380 $0 $0
2016 $547 $88,880 $0 $0
2015 $594 $90,705 $0 $0
2014 $613 $92,459 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 774579

Central Panhandle Association of REALTORS®

APN: 24966-000-000

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