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$3,650,000

Beds
5
Baths
6.5
sq ft
3,469

183 Magnolia St, Santa Rosa Beach, FL 32459

183 Magnolia St

Santa Rosa Beach, FL 32459

  • 224 days on market
    • Price drop $200,000↓
NEW PRICE ALIGNED WITH RECENT APPRAISAL!!!! Nestled in the heart of Grayton Beach, this recently renovated cottage and oversized guest house, just down the street from the beach, exudes a coastal charm and flow making it a great family retreat. Upon entering the home, you're greeted with open concept living room complete with an eye catching mural. Enjoy family meals prepared in a bright kitchen space complete with gas range and breakfast bar connected to dining space that easily flows to additional dining in a private screened patio. To complete the first level you'll also find laundry with adjoining half bath and a hallway leading you to the first floor master bedroom with on suite bathroom offering both walk in shower and bathtub.

Details

Property type

Single Family Residence

Est. home value

$2,954,484

Lot size

5,227 sq ft

Price per sq ft

$1,053

Year built

2002

Price History

03/26/2024
EmeraldCoast

EmeraldCoast #941913

Price change
$3,650,000
-5.19%
02/09/2024
EmeraldCoast

EmeraldCoast #941913

Listed
$3,850,000
+91.49%
03/12/2021
EmeraldCoast

EmeraldCoast #807576

Sold
$2,010,525

Schools & Community

Elementary school: 

Dune Lakes

Middle school: 

Emerald Coast

High school: 

South Walton

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

$2,086,532
Asking price
$3,650,000
Closing costs (~8% of asking)
-$292,000
Est. remaining loan balance
-$1,271,468
Cash to seller
$2,086,532

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

Seller’s Loan History

Lender

Regions Bank

Loan start date

March 2021

Original loan amount

$1,407,350

Est. remaining balance

$1,271,468

Interest rate

2.77%

Loan type

New Conventional, 26 year

Seller

B&C Investments 1998 Llc

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: 09/20/2024 at 5:20 AM

Listing updated: 09/06/2024 at 9:45 AM

Listed by: Leslie A Miller, Leslie A Miller, Leslie A Miller, Scenic Sotheby's International Realty Phone #: (850) 231-6052

MLS: EmeraldCoast #941913

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Recently listed in Santa Rosa Beach