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$350,000

Beds
2
Baths
2.0
sq ft
1,348

101 E Gulf Blvd, Panama City Beach, FL 32413

101 E Gulf Blvd

Panama City Beach, FL 32413

  • <1 day on market
Welcome to the serene and charming neighborhood of Open Sands! This 2-bedroom, 2-bath home presents a rare opportunity for those looking to unlock its true potential. While some updating and renovation may be needed, this ''diamond in the rough'' is just waiting for your personal touch to transform it into a dream beach retreat or an investment gem.A spacious Florida Room opens to a large, privacy-fenced backyard, perfect for entertaining or simply relaxing. The backyard also features a storage shed for added convenience. This home has everything you need to create the ultimate beach getaway or rental property.Located just a short golf cart ride from Panama City Beach Access #51, you'll enjoy endless sunny days, beautiful sunsets, and all the recreational, dining, and shopping attractions that make this area a top destination.Priced for renovation and sold AS IS under a Residential Contract Only - this is your chance to create something special in the perfect location!Seller's personal belongings and furniture do not convey.

Details

Property type

Single Family Residence

Est. home value

$372,658

Lot size

8,494 sq ft

Price per sq ft

$260

Year built

1987

Annual property taxes

$3,211

HOA

No

Price History

10/11/2024
CentralPanhandle

CentralPanhandle #763723

Listed
$350,000

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Negotiation Insights

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

Seller could get up to

$266,889
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$55,111
Cash to seller
$266,889

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

February 2004

Original loan amount

$108,000

Est. remaining balance

$55,111

Interest rate

5.81%

Loan type

Not Provided, 30 year

Seller

Stephen W Faust

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: 10/12/2024 at 11:25 AM

Listing updated: 10/11/2024 at 1:56 PM

Listed by: The Hughes Group, Counts Real Estate Group Phone #: (850) 248-3615

MLS: CentralPanhandle #763723

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