Panama IL Real Estate & Homes for Sale

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Beds:
3
Baths:
2.00
Sq.Ft.:
1,500
Status:
Active
MLS#:
26058927
Type:
Single Family
Subdivision:
Not In A Subdivision
Lot size:
3.35 Acres
Year built:
2003
A broker reciprocity listing Courtesy: MCR Realty Professionals, Inc 217-532-2525
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ADDITIONAL INFORMATION

A little acreage, a pond, AND a garage you have to see! This well maintained 3 bedroom, 2 bath ranch sits on 3.35+/- acres across four parcels and offers plenty of space both inside and out. The open concept kitchen, dining, and living area creates an easy, welcoming flow, with a kitchen island providing additional prep space and seating. A built in desk in the laundry room adds a convenient spot for paperwork, homework, or everyday organization. The home also features 6-inch walls and blown in insulation in the attic. Outside, enjoy the covered front porch, covered side deck, fenced front yard, and a pond located just off the side of the home. Two additional storage sheds provide even more space for lawn equipment, tools, and outdoor gear. One of the highlights is the impressive 25x41 attached garage with 14ft ceilings - ideal for extra storage, a workshop, larger vehicles, or hobbies. The garage features two generously sized overhead doors with one measuring 12x12 and the other 10x9. The garage sits lower than the main living area, and a chair lift is already in place for easier access between the two. The home has been well cared for with newer interior paint, a roof replaced in 2025, furnace replaced within the last five years, water heater within the last three years, and newer refrigerator and dishwasher. The wooden deck was also covered in fall 2025. With acreage, a pond, an oversized attached garage, and a well-maintained ranch all in one property, this one has a lot to offer!

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Andrea D. Conner, License 71221, Xome Inc., License 68390, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067

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Panama Real Estate

Panama is located in Illinois. Panama, Illinois has a population of 246. Panama is less family-centric than the surrounding county with 14.93% of the households containing married families with children. The county average for households married with children is 24.79%.

The median household income in Panama, Illinois is $56,875. The median household income for the surrounding county is $59,309 compared to the national median of $69,021. The median age of people living in Panama is 54.3 years.

Panama Weather

The average high temperature in July is 87.7 degrees, with an average low temperature in January of 20.4 degrees. The average rainfall is approximately 41.4 inches per year, with 13.2 inches of snow per year.

Panama Map

Panama Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    2
    30-day change

Panama Schools and Demographics

Education near Panama, IL

City County
High School Graduates 83.92 87.85
College Degree - 2 year 7.04 9.08
College Degree - 4 year 8.54 17.86
Graduate Degree 4.52 5.74
Expenditures per Student 15,957 15,957
Students per Teacher 13 13

Elementary Schools near Panama, IL

Grades Students P/T Ratio ZIP
Beckemeyer Elementary School PK - 05 662 18.5 62049
Coffeen Elementary School PK - 05 253 16.7 62017
Sorento Elementary School PK - 08 171 12.2 62086

Middle Schools near Panama, IL

Grades Students P/T Ratio ZIP
Hillsboro Junior High School 06 - 08 429 18.8 62049
New Douglas Mid-Elementary School 03 - 04 66 16.5 62074

High Schools near Panama, IL

Grades Students P/T Ratio ZIP
Hillsboro High School 09 - 12 462 14.4 62049

Demographics near Panama, IL

City County
Neighborhood Type Small Town
Population 246 28,482
Population Density 660 41
Median Age 54.3 42.8
People per Household 2.2 2.3
Median Household Income 56,875 59,309
Average Income per Capita 27,961 28,449

Real estate near Panama