tomo logo

$397,900

Beds
5
Baths
2.5
sq ft
1,688

1000 W 12th St, Panama City, FL 32401

1000 W 12th St

Panama City, FL 32401

  • 2 days on market
OPEN HOUSE SUNDAY, APRIL 6, 12 - 3 PMRARE OPPORTUNITY for a main house + additional unit or ''mother-in-law suite'' in a TERRIFIC location! [PHOTOS OF SUITE COMING SOON.]Both units of this property have been short term rentals (2017 - 2022) and long term rentals (Dec 2022 - Dec 2024). The front house is completely furnished and ready to rent. The back house is unfurnished.Lots of possibilities here!--Live in one, rent out the other--Rent out both--Live in/rent out the main house and use the back unit as an officeMAIN HOUSE:--3 BR, 1.5 BA--Approx 1,250 sq ft--Newly painted (Nov 2024)--Brand new furniture (2025)MIL SUITE:--2 BR, 1 BA--Approx 450 sq ft--New tub and shower (2025)ADDITIONAL INFO:--Utilities are connected with thermostat in the main house. Back house has window units for temperature control.--Garage is shared and has two washers and two dryers--Both units have separate entrances and are only connected through the garage.--One-car garage provides great storage--Small fenced backyard behind back house--Storage shed in backyard conveysOwner is a licensed REALTOR.NO SELLER FINANCING/CREATIVE DEALS.

Details

Property type

Single Family Residence

Est. home value

$291,725

Lot size

0.26 acres

Price per sq ft

$236

Year built

1955

Annual property taxes

$3,395

HOA

No

Price History

04/06/2025
CentralPanhandle

CentralPanhandle #771530

Listed
$397,900
+144.11%
02/03/2017
CentralPanhandle

CentralPanhandle #650926

Sold
$163,000
+106.33%
08/25/2016
CentralPanhandle

CentralPanhandle #648353

Sold
$79,000
+31.67%

Schools & Community

Elementary school: 

Northside

Middle school: 

Jinks

High school: 

Bay

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bancorpsouth Bank

Loan start date

December 2021

Original loan amount

$178,500

Est. remaining balance

Not provided

Interest rate

2.98%

Loan type

Amount keyed is an Aggregate amount

Seller

Jan Mitchell Johnson

Lender

Summit Bank Na

Loan start date

February 2017

Original loan amount

$130,400

Est. remaining balance

Not provided

Interest rate

4.16%

Loan type

Commercial, 30 year

Seller

Jan K Johnson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/08/2025 at 3:35 PM

Listing updated: 04/06/2025 at 4:00 PM

Listed by: January Johnson, EXP Realty LLC Phone #: (888) 883-8509

MLS: CentralPanhandle #771530

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