tomo logo

$1,035,000

Beds
3
Baths
3.5
sq ft
2,091

13300 Hibiscus St, Panama City Beach, FL 32407

13300 Hibiscus St

Panama City Beach, FL 32407

  • 38 days on market
An incredible opportunity to purchase your own piece of paradise. Watch the sunrise and sunset with dramatic Gulf Views from Level 2 and Level 3. Public Beach Access 48 is just across the street making this the perfect vacation rental income producing property. The property is being sold fully furnished so it can begin to produce rental income day 1.Boasting over 2000 sq.ft. spanning 3 levels, the property features two primary suites, one on Level 2 and the other on Level 3, both with En Suite bathrooms and amazing Gulf Views. Gulf facing balconies span Level 2 and Level 3, the perfect location to sip some fine wine and watch the sun vanish into the sea.The huge outdoor living space featuring a large kidney shaped pool with gas heater, booster winter rental, spacious pool deck with lounge chairs, umbrellas, picnic table, fire pit, grilling area and outdoor shower. This property is rental ready and features the required full fire/life safety system with alarms, sprinklers and pull stations, an estimated installation cost of over $30K. The Chef's kitchen features stainless appliances including a new refrigerator. Level 1, which opens to the outdoor living space, also features a Great Room, Dining Area and half bath. Level 2 includes a second Great Room, perfect for the kids. Level 3 features a Bunk Room with double bunks.

Details

Property type

Single Family Residence

Est. home value

$849,618

Lot size

5,706 sq ft

Price per sq ft

$495

Year built

2004

Annual property taxes

$5,063

HOA

No

Price History

07/31/2024
CentralPanhandle

CentralPanhandle #761864

Listed
$1,035,000
+59.48%
12/02/2020
CentralPanhandle

CentralPanhandle #701161

Sold
$649,000
+216.74%
07/29/2016
EmeraldCoast

EmeraldCoast #749208

Sold
$204,900

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Number of units in community: 

1

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

$506,926
Asking price
$1,035,000
Closing costs (~8% of asking)
-$82,800
Est. remaining loan balance
-$445,274
Cash to seller
$506,926

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

Seller’s Loan History

Lender

Broker Solutions Inc

Loan start date

November 2020

Original loan amount

$486,750

Est. remaining balance

$445,274

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Thomas Vooris and Laura Vooris

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: 10/05/2024 at 1:25 AM

Listing updated: 08/27/2024 at 2:49 PM

Listed by: Andrew S Phillips, Beachy Beach Real Estate Phone #: (850) 233-4351

MLS: CentralPanhandle #761864

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