tomo logo

$375,000

Beds
3
Baths
2.0
sq ft
1,420

340 N Macarthur Ave, Panama City, FL 32401

340 N Macarthur Ave

Panama City, FL 32401

  • Pending
    • Price drop $10,000↓
Charming 1942 Coastal Cottage in The Cove - A Modern Coastal Retreat.Step into this beautifully remodeled Florida Cottage, where vintage charm meets modern sophistication. Located in the highly desirable Cove neighborhood, this home has been meticulously updated with designer selected details and finishes making it a true masterpiece. The 3 bedroom split floorplan offers privacy for the primary suite. The luxurious primary suite features a spa like bathroom and convenient laundry access. The guest bathroom highlights the original cast iron tub, freshly reglazed to preserve its historic charm. The office/bonus room includes a glass entry door perfect for a home office or creative space. The original hardwood floors have been lovingly refinished showcasing their timeless beauty. All new interior doors are adorned with 1940's era replica bronze and glass handles adding a touch of period charm. Every detail of the remodel has been professionally designed ensuring a cohesive aesthetic throughout. A spacious kitchen, living and dining area is designed for entertaining or relaxing. New windows enhance the natural light and offer energy efficiency as does the new HVAC system. Durable James Hardie siding tops off the polished exterior. Step outside and fall in love with the backyard oasis featuring a huge, floating deck that transitions to a brick paver patio, ideal for outdoor dining, lounging, or entertaining. Surrounded by mature palms, and updated landscaping, you will relish the tropical vibes this yard offers. Convenient access to one of The Cove's unique alleyways offers additional accessibility. Ideally located just a short walk or golf cart ride to Downtown Panama City, where you'll enjoy upscale dining, a waterfront boutique hotel, bespoke bars, unique shopping experiences and year-round festivals. Enjoy bayside living without the hustle and bustle of tourists. This home is perfect as a full time residence, a vacation getaway or a fantastic investment opportunity. Call your favorite agent today and don't miss this opportunity to own this exquisite piece of Florida living. Photos coming soon *

Details

Property type

Single Family Residence

Est. home value

$226,149

Lot size

0.24 acres

Price per sq ft

$265

Year built

1942

Annual property taxes

$2,297

HOA

No

Price History

03/29/2025
CentralPanhandle

CentralPanhandle #767643

Pending
$375,000
03/07/2025
CentralPanhandle

CentralPanhandle #767643

Price change
$375,000
-2.6%
02/16/2025
CentralPanhandle

CentralPanhandle #767643

Price change
$385,000
-2.53%

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

$257,289
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$87,711
Cash to seller
$257,289

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

Seller’s Loan History

Lender

Tanya M Jones

Loan start date

July 2018

Original loan amount

$135,850

Est. remaining balance

$87,711

Interest rate

5%

Loan type

Not Provided, 15 year

Seller

Renita S Taylor

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: Pending/Under Contract

Tomo last checked: 03/31/2025 at 8:40 PM

Listing updated: 03/29/2025 at 8:10 PM

Listed by: STEPHANIE K Craven, Counts Real Estate Group Phone #: (850) 248-3615

MLS: CentralPanhandle #767643

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