tomo logo

$360,000

Beds
4
Baths
2.0
sq ft
1,705

307 N Palo Alto Ave, Panama City, FL 32401

307 N Palo Alto Ave

Panama City, FL 32401

  • 2 days on market
This historic home blends classic charm and contemporary comfort. The hardwood floors give warmth throughout, and the updates give a new spin on the homes character. Buyers can have peace of mind knowing the electrical, plumbing, A/C, and windows were recently renovated, and the block construction and metal roof add to the quality of the structure. The kitchen is beautiful with quality finishes and a large island ideal for food prep and casual meals. The open dining area provides a perfect space for gatherings. This is a split floor plan, and the primary suite includes an en suite with a double vanity and tile shower. The additional bedrooms are comfortable in size and both bathrooms have been updated. Sizeable lots are hard to find these days, but this large, fenced yard is perfect for privacy and outdoor activities. The Cove is a historic neighborhood that is valued by locals and appreciated by those lucky enough to experience the stories it has to share. This property has an effective year of 2021 and is a must-see for those who appreciate both the past and present!

Details

Property type

Single Family Residence

Est. home value

$315,855

Lot size

9,235 sq ft

Price per sq ft

$212

Year built

1941

Annual property taxes

$3,720

HOA

No

Price History

12/19/2024
CentralPanhandle

CentralPanhandle #766382

Listed
$360,000
+12.5%
01/12/2023
CentralPanhandle

CentralPanhandle #728854

Sold
$320,000
+300%
05/04/2021
CentralPanhandle

CentralPanhandle #709097

Sold
$80,000

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

$33,813
Asking price
$360,000
Closing costs (~8% of asking)
-$28,800
Est. remaining loan balance
-$297,387
Cash to seller
$33,813

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

January 2023

Original loan amount

$304,000

Est. remaining balance

$297,387

Interest rate

6.58%

Loan type

New Conventional, 30 year

Seller

Stephen B Baggett and Amberlee Baggett

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?

Status: Active

Tomo last checked: 12/21/2024 at 10:50 PM

Listing updated: 12/20/2024 at 5:10 PM

Listed by: Ariane Johnson, Think Real Estate Phone #: (850) 270-4200

MLS: CentralPanhandle #766382

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