533 Palermo Rd is a 1,447 square foot townhouse on a 3,985 square foot lot with 3 bedrooms and 3 bathrooms. - it last sold on March 12, 2014 for $70,000. Based on Redfin's Panama City data, we estimate the home's value is $169,288.
TownhomeProperty Type
1980Year Built
3,985 sq ftLot Size
$117Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$169,288
$99K since sold in March 2014$12K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 22.1% lower than the average sale price ($217K) of 5 comparable homes.
EXCELLENT OPPORTUNITY * * low listing $ * * This property is eligible for HomePath Renovation financing where qualified owner occupants can get in with as little as 3% down and investors 10% down. Centrally located spacious 3 bedroom unit with large living and dining area, half bath downstairs, covered patio, and good sized master bedroom. Perfect for the first time home buyer or investor. Don't miss out on this great deal. Age, Square Footage, and room sizes approx, if important please verify.
CPARMLS #353804
Mar 22, 2007
Sold
$120,000
$83/sq ft
Jul 2, 2006
Listed
$124,900
$86/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,975 (+6.6%)
2024
$1,852 (+4.0%)
2023
$1,781 (+13.4%)
2022
$1,571 (+14.4%)
2021
$1,373 (+24.7%)
2020
$1,101 (+229.7%)
$11,887 + $42,351
$54,238
2019
$334 (−36.6%)
$11,887 + $33,774
$45,661
2018
$527 (−0.7%)
$10,967 + $63,209
$74,176
2017
$530 (−2.7%)
$10,848 + $63,689
$74,537
2016
$545 (−4.6%)
$10,801 + $64,168
$74,969
2015
$571 (−51.8%)
$10,640 + $64,647
$75,287
2014
$1,184
Tax history for 533 Palermo Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,975 (+6.6%)
2024
$1,852 (+4.0%)
2023
$1,781 (+13.4%)
2022
$1,571 (+14.4%)
2021
$1,373 (+24.7%)
2020
$1,101 (+229.7%)
$11,887 + $42,351
$54,238
2019
$334 (−36.6%)
$11,887 + $33,774
$45,661
2018
$527 (−0.7%)
$10,967 + $63,209
$74,176
2017
$530 (−2.7%)
$10,848 + $63,689
$74,537
2016
$545 (−4.6%)
$10,801 + $64,168
$74,969
2015
$571 (−51.8%)
$10,640 + $64,647
$75,287
2014
$1,184
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
MU-3
Mixed Use-3 District
The purpose of this zoning district is to provide areas for high-density residential development, in combination with high intensity non-residential such as professional offices, educational, and commercial uses.
Permitted uses
Include but are not limited to:
Day care facility
Laundromat
General retail
Retail-Grocery
Restaurant
Housing-Group
Housing-Single unit
Housing-Multiple units
Bed & breakfast
Office
Property details
Interior
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Forced Air
Exterior
Exterior Information
Building Construction Quality: Average
Exterior Wall: Prefab Panel
Building Type: Townhouse
Property Information
Living Sq. Ft: 1,447
Adjusted Gross Sq. Ft: 1,489
Ground Floor Sq. Ft: 726
Building Sq. Ft: 1,623
# of Units: 1
# of Stories: 2
Legal Description: 17 3S 14W -10.21B- COM SW COR SEC TH E 1829.20' FOR POB TH N 139.89' E 27' S 139.89' W 27' TO POB AKA U-1C ORB 3591 P 2051
Lot Information
# of Buildings: 1
Land Sq. Ft: 3,985
Acres: 0.0915
Zoning Code: MU 3
State Use Description: SINGLE FAMILY
Financial
Assessor Information
Assessment Year: 2025
Tax Area: PANAMA CITY
Public facts
Beds: 3
Baths: 3.0
Sq. Ft.: 1,447
Stories: 2.0
Lot Size: 3,985 square feet
Style: Townhouse
Year Built: 1980
Year Renovated: 1980
County: Bay County
APN: 11677027000
Home facts updated by county records on Sep 14, 2026
Around this home
Schools
Northside Elementary School
Public PreK-5 • Assigned • 2.4mi
4/10
Mowat Middle School
Public 6-8 • Assigned • 1.0mi
5/10
A. Crawford Mosley High School
Public 9-12 • Assigned • 1.6mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
10/10 Heat Factor
7 days above 104° expected this year, 22 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Panama City, FL • 32405
Average low and high temperatures (°F)
61
42
68
51
73
56
79
62
82
70
88
76
90
78
88
76
87
73
81
63
75
57
66
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.6 hours in
June and 5.6 hours in December, placing it above the
U.S. average for solar exposure.
9.6 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$161,000 – $195,000
Sell confidently with a local market expert in Panama City. 3 minutes to get started.