tomo logo

$395,000

Beds
3
Baths
2.5
sq ft
1,860

112 S Palo Alto Ave, Panama City, FL 32401

112 S Palo Alto Ave

Panama City, FL 32401

  • 8 days on market
Welcome to this charming two-story home in the sought-after Cove area of Panama City! This 3-bedroom, 2.5-bathroom gem offers a perfect blend of comfort, style, and natural beauty. As you step inside, you're greeted by an abundance of natural light that fills the open living spaces, creating a warm and inviting atmosphere throughout. The spacious living room is perfect for family gatherings or quiet evenings, while the separate dining area offers a cozy setting for meals. The kitchen features modern appliances, ample counter space, and plenty of cabinetry for storage, making it a functional and efficient space for everyday cooking. Upstairs, the generously sized master bedroom offers a peaceful retrea. Two additional bedrooms provide plenty of space for family, guests, or a home office. A second full bathroom serves the additional bedrooms, while the convenient half-bath on the main level ensures comfort for guests. The home's exterior is equally impressive, with a large, shaded front yard perfect for outdoor relaxation or entertaining. The towering oak tree offers a serene canopy of shade, providing a tranquil space to enjoy the outdoors year-round. Located in a prime, quiet neighborhood in the Cove, you'll be just minutes from the bay and the amazing sunsets, local shops, schools, and dining options. With a perfect balance of charm, location, and functionality, this home is truly a rare find in Panama City! Schedule a showing today and make this delightful property your new home! **Chandelier over dining table does Not convey with sale of the home. **

Details

Property type

Single Family Residence

Est. home value

$368,696

Lot size

7,318 sq ft

Price per sq ft

$213

Year built

1989

HOA

No

Price History

02/01/2025
CentralPanhandle

CentralPanhandle #768196

Listed
$395,000
+36.21%
06/28/2021
CentralPanhandle

CentralPanhandle #710691

Sold
$290,000

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

$191,765
Asking price
$395,000
Closing costs (~8% of asking)
-$31,600
Est. remaining loan balance
-$171,635
Cash to seller
$191,765

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

Seller’s Loan History

Lender

Tyndall Fcu

Loan start date

June 2021

Original loan amount

$217,000

Est. remaining balance

$171,635

Interest rate

2.26%

Loan type

New Conventional, 15 year

Seller

Matthew Scott Smith and Shannon Stotler

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?

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Status: Active

Tomo last checked: 02/22/2025 at 6:05 PM

Listing updated: 02/17/2025 at 1:10 PM

Listed by: Cory D Brown, Think Real Estate Phone #: (850) 270-4200

MLS: CentralPanhandle #768196

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