tomo logo

$749,000

Beds
5
Baths
4.0
sq ft
2,276

204 3rd St, Panama City Beach, FL 32413

204 3rd St

Panama City Beach, FL 32413

  • 213 days on market
    • Price drop $36,000↓
Rare opportunity to own three separate income-producing beach homes on an oversized lot. Just a 2 minute walk from the private beach access, these homes convey fully-furnished with strong rental history. The homes combined to produce $83,000 in 2023 and $76,000 in 2024 YTD. These homes have been nicely-renovated & also offer many future rental bookings already in place Located 10 minutes from 30A & 10 minutes from Pier Park, this property provides an amazing location. The property is ideal for investors looking for the best ROI in this area and comes with proven numbers to back it up. Official rental projections are at over $76,000 for 2025. Inquire today to set up a private showing.

Details

Property type

Single Family Residence

Est. home value

$750,431

Lot size

Unknown

Price per sq ft

$330

Year built

1997

Monthly HOA fee

$41.67

Price History

11/19/2024
EmeraldCoast

EmeraldCoast #948117

Price change
$749,000
-4.59%
11/07/2024
EmeraldCoast

EmeraldCoast #948117

Price change
$785,000
+2.61%
10/09/2024
EmeraldCoast

EmeraldCoast #948117

Price change
$765,000
-2.55%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Surfside

High school: 

Arnold

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

$227,412
Asking price
$749,000
Closing costs (~8% of asking)
-$59,920
Est. remaining loan balance
-$461,668
Cash to seller
$227,412

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

Seller’s Loan History

Lender

Stg Mortgage Inc

Loan start date

December 2022

Original loan amount

$471,000

Est. remaining balance

$461,668

Interest rate

7.08%

Loan type

New Conventional, 30 year

Seller

Healey Realty 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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EmeraldCoast
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602 Lisbon Ave, Panama City Beach, FL 32413

Status: Active

Tomo last checked: 11/22/2024 at 10:55 PM

Listing updated: 11/19/2024 at 12:59 PM

Listed by: 30A Escapes Sales Team, The Dixon Team, 30A Homes Sales Phone #: (850) 517-0007

MLS: EmeraldCoast #948117

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