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$299,000

Beds
3
Baths
2.0
sq ft
1,196

1616 Billings Ave, Panama City, FL 32401

1616 Billings Ave

Panama City, FL 32401

  • 183 days on market
    • Price drop $20,000↓
Beautiful 3bd/2ba top to bottom renovated home sits on a huge quarter acre corner lot with plenty of room for the addition of a pool or detached garage! The home sits just a block away from Panama City's Lake Huntington and St. Andrews Bay. With a short distance to the wonderful area of Historic St. Andrews, you have access to Panama City's endless varieties of entertainment and dining. Whether it's investing in short-term rental or long term rental opportunities or an affordable second home by the bay, this is a valuable turn-key property that won't last long!

Details

Property type

Single Family Residence

Est. home value

$259,890

Lot size

0.25 acres

Price per sq ft

$250

Year built

1943

Annual property taxes

$4,035

HOA

No

Price History

06/26/2024
CentralPanhandle

CentralPanhandle #757529

Price change
$299,000
-6.27%
06/15/2024
CentralPanhandle

CentralPanhandle #757529

Removed
$319,000
05/29/2024
CentralPanhandle

CentralPanhandle #757529

Price change
$319,000
-3.04%

Schools & Community

Elementary school: 

Lucille Moore

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

$10,822
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$264,258
Cash to seller
$10,822

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

Seller’s Loan History

Lender

Amcap Mortgage Ltd

Loan start date

November 2022

Original loan amount

$270,275

Est. remaining balance

$264,258

Interest rate

6.7%

Loan type

New Conventional, 30 year

Seller

Nancy Asmin Arriaga Hernandez and Peter Richard Vigil

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: 11/22/2024 at 2:25 PM

Listing updated: 09/26/2024 at 11:11 PM

Listed by: Celia Pardue, EXP Realty LLC Phone #: (888) 883-8509

MLS: CentralPanhandle #757529

CentralPanhandle logo

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