tomo logo

$270,000

Beds
3
Baths
2.0
sq ft
1,254

124 Rowe Ave, Panama City, FL 32401

124 Rowe Ave

Panama City, FL 32401

  • 99 days on market
***INVESTOR OPPORTUNITY***This home had is currently on lease for a year at $1800 per month. Come off lease 6/30/2025. Great return on investment with the option at the end of the first year to continue or make changes. Step into a timeless retreat with this classic beauty nestled in the historic Cove neighborhood. Golf cart friendly area or walk a couple blocks to Cherry Street Elementary, this is an amazing neighborhood. Boasting 3 bedrooms and 2 bathrooms, this residence sits on nearly a quarter of an acre, offering an abundance of space and privacy. Enjoy the tranquility of mature trees shading the property, creating a serene ambiance and a picturesque backdrop for outdoor living. With ample parking available both in the front and accessible from the alley out back, convenience is at the forefront of this property's charm. Inside, discover a blend of historic charm and modern comfort, with nice touches and original wood floors throughout. The layout seamlessly connects the living spaces, creating an inviting atmosphere for relaxation and entertainment. Retreat to one of the three spacious bedrooms, each offering ample natural light and cozy comfort for restful nights. The two bathrooms feature classic fixtures providing convenience and style for everyday living. Step outside to the expansive outdoor space, where the possibilities are endless. Whether you're hosting gatherings or simply enjoying a quiet moment in nature, this property offers the perfect backdrop for your lifestyle.

Details

Property type

Single Family Residence

Est. home value

$269,447

Lot size

0.24 acres

Price per sq ft

$216

Year built

1950

Annual property taxes

$1,379

HOA

No

Price History

06/11/2024
CentralPanhandle

CentralPanhandle #758478

Listed
$270,000
+56.98%
08/31/2020
CentralPanhandle

CentralPanhandle #698393

Sold
$172,000
+26.94%
02/17/2017
CentralPanhandle

CentralPanhandle #649017

Sold
$135,500

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

$87,869
Asking price
$270,000
Closing costs (~8% of asking)
-$21,600
Est. remaining loan balance
-$160,531
Cash to seller
$87,869

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

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

August 2020

Original loan amount

$175,956

Est. remaining balance

$160,531

Interest rate

2.98%

Loan type

VA, 30 year

Seller

Kyle Swords

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: 09/18/2024 at 9:05 PM

Listing updated: 09/03/2024 at 12:49 PM

Listed by: Richard Miller, Beachy Beach Real Estate Phone #: (850) 233-4351

MLS: CentralPanhandle #758478

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