7101 Cherry St Panama City, FL 32404
Estimated payment $1,346/month
Highlights
- 0.59 Acre Lot
- Corner Lot
- No HOA
About This Home
Investor Alert! Dual-Opportunity Property on a Huge Lot in Callaway! Are you looking to break into investment real estate or expand your portfolio? This property offers multiple income opportunities in one deal! Located at 7101 Cherry Street, this oversized lot once hosted two separate homes now presenting the perfect chance to revitalize the existing house with a little TLC for rental income and explore the potential to build an additional home for maximum use and profit. Situated on busy Cherry Street in Callaway, this location puts you close to schools, shopping, restaurants, and major conveniences, making it ideal for tenants and homeowners alike. Whether you're an experienced investor or a first-time buyer ready to build wealth, this property delivers the space, location, and opportunity to make it happen. Act fast. Opportunities like this don't last long!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,030
Year Built
- Built in 1949
Lot Details
- 0.59 Acre Lot
- Lot Dimensions are 135x190
- Corner Lot
Parking
- Carport
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Callaway Elementary School
- Rutherford Middle School
- Rutherford High School
Community Details
- No Home Owners Association
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,228 | $75,076 | $45,501 | $29,575 |
| 2023 | $1,228 | $88,238 | $41,890 | $46,720 |
| 2022 | $1,042 | $80,216 | $0 | $0 |
| 2021 | $967 | $72,924 | $32,501 | $40,423 |
| 2020 | $933 | $69,729 | $32,501 | $37,228 |
| 2019 | $572 | $42,762 | $32,501 | $10,261 |
| 2018 | $872 | $68,229 | $0 | $0 |
| 2017 | $894 | $67,387 | $0 | $0 |
| 2016 | $916 | $67,268 | $0 | $0 |
| 2015 | $947 | $67,437 | $0 | $0 |
| 2014 | $952 | $67,880 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/09/2025 11/09/25 | For Sale | $239,500 | -- | $299 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | $47,500 | None Available |
Source: Central Panhandle Association of REALTORS®
MLS Number: 781433
APN: 06496-000-000
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