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$700,000

Beds
3
Baths
1.0
sq ft
1,040

316 El Reposo Pl, Panama City Beach, FL 32413

316 El Reposo Pl

Panama City Beach, FL 32413

  • 20 days on market
Discover an outstanding opportunity with this beachside bungalow, ideally located in Laguna Beach's desirable west end. Just steps from the sand, this charming 2-bedroom, 1-bathroom home is set on an oversized 0.22-acre lot--three times the usual size--offering the rare option to build two additional homes on-site for expanded investment potential.The home welcomes you with a cozy screened-in porch, leading to well-maintained interiors that include sleek vinyl flooring, a spacious master bedroom, and an open-concept kitchen and dining area. Enjoy thoughtful features like the enclosed outdoor shower and a large workshop on a concrete slab in the backyard.Positioned close to local gems like Thomas Donut & Snack Shop and Carousel Supermarket, the property offers all the advantages of beachside living. Additionally, this listing is available alongside an adjacent property on Coronado Place, creating the option to secure a larger footprint for development. Embrace the chance to maximize your investment in one of Panama City Beach's hottest markets. Schedule a viewing today to explore the full potential of this beachside gem!

Details

Property type

Single Family Residence

Est. home value

$809,582

Lot size

9,583 sq ft

Price per sq ft

$674

Year built

1961

Annual property taxes

$738

HOA

No

Price History

10/28/2024
CentralPanhandle

CentralPanhandle #764400

Listed
$700,000

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

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

Genworth Financial Home Equity Access

Loan start date

February 2011

Original loan amount

$199,500

Est. remaining balance

Not provided

Interest rate

4.83%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 76 year

Seller

Henry Roberts and Armenta E Roberts

Lender

Amsouth Bank

Loan start date

October 2003

Original loan amount

$100,000

Est. remaining balance

$0

Interest rate

5.46%

Loan type

Not Provided, 15 year

Seller

Henry T Roberts and Armenta E Roberts

Lender

Amsouth Bank

Loan start date

October 2001

Original loan amount

$60,000

Est. remaining balance

$0

Interest rate

6.47%

Loan type

Not Provided, 15 year

Seller

Henry Roberts and Armenta E Roberts

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: 11/19/2024 at 6:30 AM

Listing updated: 10/29/2024 at 2:40 PM

Listed by: Josh T Gettings, LPT Realty LLC Phone #: (877) 366-2213

MLS: CentralPanhandle #764400

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