Single Family for Sale: 127 Murray Avenue, Panama, IL 62077

4 beds
1 full, 1 half baths
1,562 sqft
$199,900
$199,900
127 Murray Avenue, Panama, IL 62077
4 beds
1 full, 1 half baths
1,562 sqft
$199,900
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Price:
$199,900

Type Single Family
Style 1 Story
Beds 4
Baths 1 full, 1 half baths
Total Living Area 1,562 sqft
Square Footage 1,562 sqft
Garage Spaces 2
Lot Size 6.40 acres
Year Built 1977
Taxes Paid $2,667

City Panama
County Montgomery
School District HILLSBORO DIST 3
Subdivision Not in a Subdivision

MLS 26000674
Status Active Under Contract
DOM 27 days
Charming and beautifully updated ranch home situated on a peaceful, wooded 6.40 acre +/- setting that is ideal for nature hikes and ATV riding. This adorable property offers 4 bedrooms, a full bath, and a convenient half bath located in the primary bedroom with the potential to be easily converted into a second full bath. The bright kitchen features a dining combination, making it perfect for everyday living and entertaining. The living room is enhanced with surround sound, creating a comfortable space for relaxing or hosting guests. Numerous updates throughout the home provide a truly move-in-ready feel, including a mini-split system added to the primary bedroom in fall 2025 for added comfort. Exterior amenities include a storage shed and a spacious 24x28 detached garage with concrete flooring, electric heat, and wall unit air conditioning. Enjoy summer days in the 52 foot above-ground pool installed in 2024. The home is serviced by public water, public sewer, and natural gas. Offering space, comfort, and functionality, this property is ready for its next owner.

Room Features

Basement Description Crawl Space

Lot & Building Features

Architecture Ranch, Traditional
Construction Vinyl Siding
Cooling Electric, Central Air
Heating Natural Gas, Forced Air
Interior Decor Kitchen/Dining Room Combo, Eat-in Kitchen
Parking Description Detached, Garage Door Opener, Garage
Sewer Public Sewer
Tax Year 2024
Taxes Paid $2,667
Water Public

Community and Schools

Elementary School HILLSBORO DIST 3
Junior High School HILLSBORO DIST 3
Senior High School Hillsboro Community High Schoo

Price History of 127 Murray Avenue, Panama, IL

Date Name Price Difference
01/10/2026 Listing Price $199,900 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Comparable Properties Sold Near By

Low
$205,000
$146 / sqft
Average
$205,000
$146 / sqft
High
$205,000
$146 / sqft

Address City Zip Beds Baths Price Sq. Ft. $/SQFT Sold Date
This Listing Panama 62077 4 2.0 $199,900 1,562 $128 N/A
501 N Main Street Sorento 62806 3 2.0 $205,000 1,404 $146 04/01/2025

Map of 127 Murray Avenue, Panama, IL

Location Map Street View
Photo of Mission Control
Office
1006 Main St., Suite G
Imperial, MO 63052
Listed by MCR Realty Professionals, Inc, Stephanie Noyes
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20%
1.3341670835418%
6.75%
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Monthly Taxes
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Browse By Area

127 Murray Avenue (MLS #26000674) is a 1 story single family home located in Panama, IL. This single family home is 1,562 sqft and on a lot of 278,784 sqft (or 6.40 acres) with 4 bedrooms and 2 baths. This property was listed on 01/10/2026 and has been priced for sale at $199,900.

The 3 bedroom single family home at 501 N Main Street in Sorento is nearby and sold for $205,000 on 04/01/2025.

Nearby zip codes are 62049, 62086 and 62091. This property neighbors other cities such as Hillsboro, Sorento and Walshville.

Maris

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: MCR Realty Professionals, Inc

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