tomo logo

$785,000

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

  • 137 days on market
    • Price drop $4,000↓
RARE OPPORTUNITY TO PURCHASE 3 SEPARATE BEACH HOMES ON 1 OVERSIZED 50x140 LOT! Just a 2 minute walk from the private beach access, these 3 homes are offered fully-furnished with strong rental history at $83,000 last year. All 3 homes have been gorgeously-renovated & convey with strong future rental bookings in place for 2024. Located just 10 minutes from 30A/Rosemary Beach & 10 minutes from Pier Park, 204 Third Street provides an unbeatable location. Official rental projections are at over $76,000 for 2024. All 3 homes can be rented out separately or as one large compound.

Details

Property type

Single Family Residence

Est. home value

$750,431

Lot size

Unknown

Price per sq ft

$345

Year built

1997

Monthly HOA fee

$41.67

Price History

08/28/2024
EmeraldCoast

EmeraldCoast #948117

Price change
$785,000
-0.51%
07/31/2024
EmeraldCoast

EmeraldCoast #948117

Price change
$789,000
-1.25%
07/03/2024
EmeraldCoast

EmeraldCoast #948117

Price change
$799,000
-2.44%

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

$259,242
Asking price
$785,000
Closing costs (~8% of asking)
-$62,800
Est. remaining loan balance
-$462,958
Cash to seller
$259,242

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

$462,958

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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144 Southfields Rd, Panama City Beach, FL 32413

Status: Active

Tomo last checked: 09/07/2024 at 12:55 PM

Listing updated: 09/04/2024 at 3:04 PM

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

MLS: EmeraldCoast #948117

EmeraldCoast logo

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$169,900|2 bd|2.0 ba|Manufactured

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