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$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

  • 45 days on market
**Discover Your Dream Home in the Cove! **Welcome to this charming two-story home nestled in the highly coveted Cove area of Panama City! This **3-bedroom, 2.5-bathroom** gem is a unique opportunity that won't last long on the market!🌟 **Key Features:**- **Abundant Natural Light:** Step inside to be greeted by a sunlit open living space that exudes warmth and comfort.- **Spacious Living Room:** Perfect for family gatherings or cozy evenings, this inviting area is where memories are made.- **Functional Kitchen:** Modern appliances, ample counter space, and generous cabinetry make this kitchen a chef's delight.- **Master Retreat:** The upstairs master bedroom is your personal oasis, offering peace and tranquility.- **Versatile Space:** Two additional bedrooms, ideal for family, guests, or a home office, plus a second full bathroom for convenience.- **Outdoor Oasis:** Enjoy a large, shaded front yard with a majestic oak tree, perfect for relaxation and entertaining year-round.**Prime Location:** Situated in a quiet neighborhood, you're just minutes away from the bay, breathtaking sunsets, and a variety of local shops, schools, and dining options. **Why This Home?** With its perfect blend of charm, functionality, and location, this property is a rare find in Panama City. Don't miss out on this incredible opportunity!📅 **Schedule Your Showing Today!** Act fast--homes like this in the Cove are in high demand and won't stay on the market long!*Note: The chandelier over the dining table does not convey with the sale of the home.*Seize the chance to make this delightful property your new 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

$193,966
Asking price
$395,000
Closing costs (~8% of asking)
-$31,600
Est. remaining loan balance
-$169,434
Cash to seller
$193,966

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

$169,434

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: 03/31/2025 at 8:25 PM

Listing updated: 03/31/2025 at 10:50 AM

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

MLS: CentralPanhandle #768196

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