tomo logo

$775,000

Beds
4
Baths
3.0
sq ft
2,141

333 Massalina Dr, Panama City, FL 32401

333 Massalina Dr

Panama City, FL 32401

  • 12 days on market
Welcome to 333 Massalina drive. This is a VERY rare opportunity to own a Historic home in the Cove on Massalina Bayou for well under $1 Million. It was built in 1936 by the Knowles family. One of the first big commercial fishing families in Panama City. It was kept in the family and passed down from generation to generation until it was sold for the first time in its existence in 2021. In 2021 it was taken down to the studs and thoughtfully renovated, Preserving Its old Florida charm mixed with modern high-end finishes and amenities. Fixed on a high .29-acre waterfront lot with 50 feet of waterfrontage and a dock. You can hop on your boat and do some fishing in the gulf or hang out at shell island in less than 10 minutes. Upon entering the home, you are greeted with the original hardwood flooring throughout, and 14-foot vaulted ceiling in the main room. This home features a custom kitchen with Calcutta quartz countertops, soft close cabinets, gas range, with a pot filler, and stainless, fridge and dishwasher. this home also features a large primary suite, with a custom walk-in closet, and luxurious on suite bathroom finished with a double vanity, and a wet room style walk-in shower and claw foot tub. The most unique feature of this house sits in the back yard. A very charming 1 bed, 1 bath 621 sqft cottage. The cottage was also gut renovated in 2021 as well and has its own private access via the Alley way that runs behind the property and is on separate utilities as well. Perfect for a mother-in-law suite or supplemental income. Currently it is rented out long term to a wonderful tenant for $1200 per month. The back yard also features a 1 car garage. Do not miss this very rare opportunity to own a home in one of the most sought-after neighborhoods, on some of the most desirable waterfront in Panama City.

Details

Property type

Single Family Residence

Est. home value

$362,647

Lot size

0.29 acres

Price per sq ft

$362

Year built

1936

Annual property taxes

$4,939

HOA

No

Price History

12/07/2024
CentralPanhandle

CentralPanhandle #765975

Listed
$775,000
+181.82%
07/30/2021
CentralPanhandle

CentralPanhandle #714920

Sold
$275,000

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

$325,416
Asking price
$775,000
Closing costs (~8% of asking)
-$62,000
Est. remaining loan balance
-$387,584
Cash to seller
$325,416

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

Seller’s Loan History

Lender

Broker Solutions Inc

Loan start date

August 2022

Original loan amount

$400,000

Est. remaining balance

$387,584

Interest rate

5.78%

Loan type

New Conventional, 30 year

Seller

Michael Christie and Allison Christie

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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326 Massalina Dr, Panama City, FL 32401

Status: Active

Tomo last checked: 12/22/2024 at 4:25 AM

Listing updated: 12/21/2024 at 6:10 PM

Listed by: Michael Christie, Think Real Estate Phone #: (850) 270-4200

MLS: CentralPanhandle #765975

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