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$324,000

Beds
3
Baths
2.0
sq ft
1,855

305 N Palo Alto Ave, Panama City, FL 32401

305 N Palo Alto Ave

Panama City, FL 32401

  • 105 days on market
    • Price drop $10,000↓
Beautiful, recently renovated, brick home in the Cove. The beautiful 3 bedroom, 2 bathroom home is ready for its next owner! The home features a large family room with fireplace. The kitchen features newer counter tops, tile backsplash, stainless appliances, and much more. The home had new windows, doors, and flooring in 2022. The bedrooms are spacious and offer plenty of natural light. The bathrooms were redone in 2022 as well. The roof was replaced in 2019. Privacy fence around backyard.

Details

Property type

Single Family Residence

Est. home value

$314,940

Lot size

8,364 sq ft

Price per sq ft

$175

Year built

1964

Annual property taxes

$4,265

HOA

No

Price History

07/27/2024
CentralPanhandle

CentralPanhandle #758192

Price change
$324,000
-2.99%
07/17/2024
CentralPanhandle

CentralPanhandle #758192

Price change
$334,000
-2.91%
07/01/2024
CentralPanhandle

CentralPanhandle #758192

Price change
$344,000
-2.55%

Schools & Community

Elementary school: 

Cherry Street

Middle school: 

Jinks

High school: 

Bay

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

$99,107
Asking price
$324,000
Closing costs (~8% of asking)
-$25,920
Est. remaining loan balance
-$198,973
Cash to seller
$99,107

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

Seller’s Loan History

Lender

Renasant Bank

Loan start date

January 2022

Original loan amount

$210,800

Est. remaining balance

$198,973

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Shadler Adkinson and Hope Adkinson

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 10:30 AM

Listing updated: 07/27/2024 at 5:13 PM

Listed by: Matthew T Jones MBA, Coastal Heritage Real Estate LLC Phone #: (850) 249-0521

MLS: CentralPanhandle #758192

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