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222 Sherman Ave N, Panama City, FL, 32401

1beds
1baths
546sqft
$135,000
$247price/sqft
$1,036/moest. monthly cost
$41,440/yrincome needed

About This Home

Don't miss this adorable 1 bedroom, 1 bathroom 1922 cottage that has been used as a short term rental, but could also be a great home as well. It comes fully furnished with everything needed to rent it. You'll enjoy the leather couches with recliners built in, smart tv, updated lighting, kitchen with cook top, refrigerator, table top microwave, coffee maker and toaster oven. The eat in kitchen also comes with a pub top table and 4 stools. There is a full size platform bed in the bedroom along with a small closet and barn doors that lead to the bathroom. It has a single vanity and tub/shower. Shower total height is less than 6' so please make note of that. In the laundry room there is a combination washer/dryer that comes with the home. The front porch is perfect for a table and chairs and there is a single paver driveway for parking. There is no backyard, the lot ends at the back steps, but there is yard on either side of the home if needed for pets. The metal roof was installed in 2023. The water heater and a/c are approximately 8 years old. The airbnb rentals bring in approximately $15K annually. The neighborhood is updated and location is close to downtown. All measurements are approximate. This home is being sold As Is and for Cash only. There are exceptions on the title insurance due to a lapse in a portion of the deed and also the survey showing a legal description that is lacking a portion of the property. Look at the attached survey and call for an explanation. Make your appointment to see this cute house today!

Getting Around

45
WalkingCar-Dependent
19
TransitMinimal Transit
38
BikeSomewhat Bikeable

Schools

2/10
Jinks Middle SchoolGrades 6-82.4 mi
4/10
Bay High SchoolGrades 9-122.1 mi

Construction

Condition

  • Year built: 1922

Materials

  • Foundation: Pillar/Post/Pier
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Craftsman
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Washer/Dryer Stacked,Electric Cooktop,Electric Water Heater
  • Laundry features: Stacked

Bedroom

  • Level: First
  • Dimensions: 9.5 x 12

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Luxury Vinyl Plank

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 546
  • Total interior livable area: 546 sqft

Kitchen

  • Level: First
  • Dimensions: 11 x 12

Laundry

  • Level: First
  • Dimensions: 5.5 x 5

Living Room

  • Level: First
  • Dimensions: 14 x 12

Other

  • Level: First
  • Dimensions: 5.5 x 6

Property

Details

  • Parcel number: 22874000000
  • Zoning description: Resid Single Family
  • Special condition: Listed As-Is

Features

  • Patio & porch: Open,Porch

Lot

  • Lot size: 3,049 sqft
  • Features: Paved
  • Lot size dimensions: 44 x 75

Parking

  • Parking features: Paved

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Tornado
Tsunami

FEMA Declared Disasters in Bay County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $682$8,184
Home Insurance *$91$1,092
Property Taxes $66$792
Electricity $197$2,366
Total$1,036$12,432
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,520/yr
40% on housing$31,080/yr
45% on housing$27,626/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 13.3%
13.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.0%
6.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$247This listing

vs Other Active Listings

Avg $/sqft

ZIP 32401$142
Bay County$242

vs Homes Sold Last Month

Median $/sqft

ZIP 32401$201
Bay County$205

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-12-06Price change$135,000
2025-01-30Listed for sale$150,000
2024-09-30Listing removed$150,000
2024-05-10Listed for sale$150,000
2024-04-07Contingent$150,000
2023-12-11Listed for sale$150,000
2023-07-17Listing removed--
2023-05-04Pending sale$159,000
2023-05-03Listed for sale$159,000

For Sale by Agent

AgentChristine Lance
BrokerageKeller Williams Success Realty

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