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$235,000

Beds
3
Baths
2.0
sq ft
1,622

1704 Drake Ave, Panama City, FL 32405

1704 Drake Ave

Panama City, FL 32405

  • 133 days on market
    • Price drop $14,000↓
This home is conveniently located close to everything, ride your bike to Saint Andrews or Gulf Coast Community College. This block constructed home is well laid out with a large living room and a formal dinning area that could be used as a home office or a second seating area. The kitchen has plenty of work space and loads of storage with ample cabinetry and a large butcher block center island. The captain's table has plenty of seating room and could be remodeled to offer many modern kitchen styles. This home has a newer roof, newer water heater and updated wiring. This home sits on a very high and dry lot with a huge back yard and an oversized screened in porch. The lot is perfect for a Pool, Camper and Boat parking.

Details

Property type

Single Family Residence

Est. home value

$257,131

Lot size

0.34 acres

Price per sq ft

$145

Year built

1961

Annual property taxes

$3,149

HOA

No

Price History

09/25/2024
CentralPanhandle

CentralPanhandle #759257

Price change
$235,000
-5.62%
09/03/2024
CentralPanhandle

CentralPanhandle #759257

Price change
$249,000
-3.86%
08/14/2024
CentralPanhandle

CentralPanhandle #759257

Price change
$259,000
-7.17%

Schools & Community

Elementary school: 

Lucille Moore

Middle school: 

Jinks

High school: 

Bay

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

$67,334
Asking price
$235,000
Closing costs (~8% of asking)
-$18,800
Est. remaining loan balance
-$148,866
Cash to seller
$67,334

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

Seller’s Loan History

Lender

Evolve Bank & Trust

Loan start date

July 2021

Original loan amount

$160,200

Est. remaining balance

$148,866

Interest rate

2.95%

Loan type

New Conventional, 30 year

Seller

Blaine Milton Jacobs and Calda Jacobs

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: 11/08/2024 at 4:10 PM

Listing updated: 10/10/2024 at 6:27 PM

Listed by: Mike Rylee, Beach Time Realty, Inc Phone #: (850) 381-3156

MLS: CentralPanhandle #759257

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