tomo logo

$347,000

Beds
5
Baths
3.5
sq ft
2,989

2638 State Ave, Panama City, FL 32405

2638 State Ave

Panama City, FL 32405

  • 10 days on market
AMAZING INVESTMENT OPPORTUNITY! Seize the chance to own this remarkable two-story, 5-bedroom, 4-bathroom home on a generous half-acre lot, perfect for investors and families alike. This property is not just a residence; it's a golden opportunity with significant potential for value appreciation after renovations. Located in the desirable Panama City area, this spacious home features a large living room with high ceilings and a stunning stone fireplace, creating an inviting atmosphere for gatherings. The two-story layout provides ample room for comfort and functionality, making it ideal for large families or those looking to create rental income. With its generous outdoor space, this property offers endless possibilities for enhancement and landscaping, further increasing its market value. Don't miss out on this chance to invest in a property that combines spacious living with great investment potential. This home is poised to be a smart addition to any real estate portfolio!

Details

Property type

Single Family Residence

Est. home value

$346,405

Lot size

0.46 acres

Price per sq ft

$117

Year built

1980

Annual property taxes

$3,693

HOA

No

Price History

10/28/2024
CentralPanhandle

CentralPanhandle #764357

Listed
$347,000
+57.37%
05/25/2018
CentralPanhandle

CentralPanhandle #669828

Sold
$220,500

Schools & Community

Elementary school: 

Northside

Middle school: 

Jinks

High school: 

Bay

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Department Of Housing & Urban Dev

Loan start date

September 2023

Original loan amount

$30,682

Est. remaining balance

$30,523

Interest rate

6.96%

Loan type

FHA, 40 year

Seller

Christina Horne and Caleb Horne

Lender

Department Of Housing & Urban Dev

Loan start date

December 2021

Original loan amount

$31,736

Est. remaining balance

$29,848

Interest rate

3.14%

Loan type

FHA, 30 year

Seller

Christina Horne and Caleb Horne

Lender

Plaza Home Mortgage Inc

Loan start date

May 2018

Original loan amount

$214,262

Est. remaining balance

$188,525

Interest rate

4.44%

Loan type

FHA, 30 year

Seller

Caleb Horne and Christina Horne

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 2:15 PM

Listing updated: 10/28/2024 at 11:59 PM

Listed by: Moe Mossa, Savvy Avenue LLC Phone #: (888) 490-1268

MLS: CentralPanhandle #764357

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