Panama IL Real Estate & Homes for Sale

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Beds:
2
Baths:
1.00
Sq.Ft.:
1,800
Status:
Active
MLS#:
24064626
Type:
Single Family
Subdivision:
Not In A Subdivision
Lot size:
81.04 Acres
A broker reciprocity listing Courtesy: Montgomery County Realty, Inc. 532-2525
View additional info

ADDITIONAL INFORMATION

Hunter’s Paradise on 81.04 Acres offering the perfect blend of woods, pasture, and tillable ground—ideal for hunting, recreation, or farming! The property includes three parcels: 22.48 acres in Montgomery County (20-23-300-008) and 58.56 acres in Bond County (09-01-27-202-001 & 09-01-26-101-001). Approximately 10 acres are tillable, 40 acres are lush pasture, and the remaining acres are heavily wooded in mature virgin timber, this land has never been logged, providing both a scenic retreat and potential income from timber harvesting making this a dream location for hunters and outdoor enthusiasts. The property features a 2 bedroom home with a walk-out basement, a one car tuck-under garage, and an oversized 24x36 detached garage. Utilities include city water, private septic (pumped in 2023), and natural gas. Currently, the tillable land and pasture are leased to a local farmer, offering additional income potential. Don’t miss this incredible opportunity!!!

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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

    $25,000
    10%
    change since last quarter
  • # 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