tomo logo

$280,000

Beds
3
Baths
1.0
sq ft
1,247

111 N Cove Ave, Panama City, FL 32401

111 N Cove Ave

Panama City, FL 32401

  • <1 day on market
Charming 3 bedroom home in the Historic ''Old Bunker Cove'' Area. This home has been well loved with an abundance of vegetation including Crate Myrtles, Japanese Camelia , Azaleas, Jasmine, and Gardenia to mention a few. Truly a gardeners dream with rose, blueberry, raspberry bushes and lemon grass on a large .241 acre lot. Beautiful hardwood floors, renovated bathroom, updated kitchen and new range (2024), newer roof (2019), 1 car garage, large fenced backyard (2020), workshop (12x24). Conveniently located along walking/biking paths to the park, harbor, and schools. Short drive to downtown Panama City with coffee shops, shopping and restaurants. All ages, sizes and measurements approximate; buyer to verify if important.

Details

Property type

Single Family Residence

Est. home value

$258,654

Lot size

0.24 acres

Price per sq ft

$225

Year built

1950

Annual property taxes

$1,691

HOA

No

Price History

01/07/2025
CentralPanhandle

CentralPanhandle #766912

Listed
$280,000
+100%
03/24/2017
CentralPanhandle

CentralPanhandle #654900

Sold
$140,000

Schools & Community

Elementary school: 

Cherry Street

Middle school: 

Jinks

High school: 

Bay

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

$65,793
Asking price
$280,000
Closing costs (~8% of asking)
-$22,400
Est. remaining loan balance
-$191,807
Cash to seller
$65,793

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

Seller’s Loan History

Lender

Amerisave Mortgage Corp

Loan start date

February 2022

Original loan amount

$204,000

Est. remaining balance

$191,807

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Drew D Mankin and Brandy Mankin

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: 01/08/2025 at 5:05 PM

Listing updated: 01/08/2025 at 12:40 PM

Listed by: Renee Ryan, Engel & Volkers 30A Beaches Phone #: (850) 213-2800

MLS: CentralPanhandle #766912

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