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$542,500

Beds
3
Baths
2.0
sq ft
1,256

21612 Marlin Ave, Panama City Beach, FL 32413

21612 Marlin Ave

Panama City Beach, FL 32413

  • 175 days on market
    • Price drop $7,000↓
MOTIVATED SELLER!! Have you dreamed of living near the sugary white sand beach where you can stroll down to watch magnificent sunsets? Located in Riviera Beach on the West end of PCB is this delightful coastal home where SHORT TERM RENTALS ARE ALLOWED! Rental Projections $61K-$80K. Use this property as an investment, your own vacation home, or residence. This golf cart friendly neighborhood allows short term rentals yet has NO HOA. Meander to the beach in less than 10 minutes as Public Beach Access Points 87 & 88 are less than a mile away. Roof was replaced in 2022, HVAC 2023, and new dishwasher. The covered back patio overlooks the privacy fenced back yard. Sellers had planned to install a 12 x 26 pool which allows plenty of room for installation.

Details

Property type

Single Family Residence

Est. home value

$635,371

Lot size

5,227 sq ft

Price per sq ft

$432

Year built

2000

Annual property taxes

$5,607

HOA

No

Price History

10/18/2024
CentralPanhandle

CentralPanhandle #757929

Price change
$542,500
-1.27%
09/30/2024
CentralPanhandle

CentralPanhandle #757929

Price change
$549,500
-6.86%
09/23/2024
CentralPanhandle

CentralPanhandle #757929

Price change
$590,000
-3.52%

Schools & Community

Elementary school: 

West Bay

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

$166,585
Asking price
$542,500
Closing costs (~8% of asking)
-$43,400
Est. remaining loan balance
-$332,515
Cash to seller
$166,585

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

Seller’s Loan History

Lender

Angel Oak Mortgage Solutions Llc

Loan start date

July 2022

Original loan amount

$344,250

Est. remaining balance

$332,515

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Charles Onofua

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: 11/23/2024 at 2:35 AM

Listing updated: 11/12/2024 at 5:19 PM

Listed by: Tina Lamonica, Think Real Estate Phone #: (850) 270-4200

MLS: CentralPanhandle #757929

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