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$295,000

Beds
3
Baths
2.5
sq ft
1,432

113 White Cap Way, Panama City Beach, FL 32407

113 White Cap Way

Panama City Beach, FL 32407

  • Pending
CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACK UP OFFERS. Location is key! Welcome to Palm Cove on Panama City Beach where you'll enjoy this 3 Bed, 2.5 Bath townhome located less than 1 mile from the sandy white beaches, great restaurants, shopping and entertainment for the entire family. This community is gated and offers 2 community pools, a playground and incredible green space. Palm Cove also allows for short term rentals. Similar townhomes in the community have produced over $55,000 in annual rental income making this a solid investment for short term rentals. As you step through the front door, you're greeted with vaulted ceilings and a great room flooded with natural light. This spacious area offers a dining room between the kitchen and living area and a convenient powder room for guests on the main level. The kitchen offers a galley style and is open to the dining room with ample countertop space. A favorite feature of this home is the large walk-in pantry just off the kitchen! The primary suite is on the main level of this townhome and also offers access to your own private patio. Enjoy the green space behind the townhome or for additional privacy, an HOA approved fence may be installed. The primary bath features a shower and tub combination with a large closet. Just up the stairs, you'll find 2 guest bedrooms and a shared guest bath. These two guest bedrooms are large and spacious with ample closet space. For those who desire to work from home or want flex space for a fitness room/craft room - these room are perfect for your flexibility! Live your best life at the beach in the center of town! Walk to breakfast or coffee each morning, enjoy bowling and an arcade around the corner or take a stroll to watch the best sunsets that Florida has to offer each evening. THIS is the location and at only $295,000, this is the perfect opportunity to own an affordable townhome on the beach. Ideal for a full-time residence or make it your own lucrative short term rental investment property!

Details

Property type

Duplex

Est. home value

$326,158

Lot size

Unknown

Price per sq ft

$207

Year built

2006

Annual property taxes

$1,739

Monthly HOA fee

$165.67

Price History

12/11/2024
CentralPanhandle

CentralPanhandle #765949

Pending
$295,000
12/07/2024
CentralPanhandle

CentralPanhandle #765949

Listed
$295,000
+56.5%
08/09/2019
CentralPanhandle

CentralPanhandle #684717

Sold
$188,500

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Playground, Curbs

Number of units in community: 

2

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

$108,528
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$162,872
Cash to seller
$108,528

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

Seller’s Loan History

Lender

Capital City Bank

Loan start date

August 2019

Original loan amount

$182,000

Est. remaining balance

$162,872

Interest rate

3.84%

Loan type

New Conventional, 30 year

Seller

April Dawn Weathers

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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Townhouse

109 Angel Falls Ln, Panama City Beach, FL 32407

Status: Pending/Under Contract

Tomo last checked: 12/26/2024 at 9:40 AM

Listing updated: 12/11/2024 at 6:49 PM

Listed by: Sostheim Group, Corcoran Reverie Phone #: (850) 231-5030

MLS: CentralPanhandle #765949

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