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$639,000

Beds
2
Baths
3.0
sq ft
1,368

3909 Ray St, Panama City, FL 32408

3909 Ray St

Panama City Beach, FL 32408

  • <1 day on market
Discover this must-see 2-bedroom, 3-bathroom home with a detached heated and cooled 608SQ FT ADU on the east end of Panama City Beach! Perfectly situated for a primary residence, vacation home, or short-term rental, this property is just a short walk from the beach, as well as local restaurants and shops.The recently renovated kitchen features stylish shaker cabinets, quartz countertops, and stainless-steel appliances. Upstairs, you'll find two bedrooms and two full bathrooms, along with an additional flexible space that can serve as a second living area, office, or game room.Relax on the spacious wraparound balcony and patio, or unwind in the hot tub after a long day. The backyard ADU provides extra living or sleeping space--ideal for guests, a mother-in-law suite, or rental income. With the ADU renovation complete, this home comes fully furnished, making it a fantastic opportunity for anyone looking to start or expand their short-term rental portfolio!

Details

Property type

Single Family Residence

Est. home value

$611,765

Lot size

7,710 sq ft

Price per sq ft

$468

Year built

1983

HOA

No

Price History

09/20/2024
CentralPanhandle

CentralPanhandle #762934

Listed
$639,000
+56.54%
02/28/2023
CentralPanhandle

CentralPanhandle #735110

Sold
$408,200
+147.54%
07/29/2014
CentralPanhandle

CentralPanhandle #615219

Sold
$164,900

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

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

$163,041
Asking price
$639,000
Closing costs (~8% of asking)
-$51,120
Est. remaining loan balance
-$424,839
Cash to seller
$163,041

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

Seller’s Loan History

Lender

American Heritage Lending Inc

Loan start date

February 2024

Original loan amount

$427,500

Est. remaining balance

$424,839

Interest rate

6.67%

Loan type

New Conventional, 30 year

Seller

Panama Ray Llc

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: 09/20/2024 at 1:40 PM

Listing updated: 09/20/2024 at 11:29 AM

Listed by: Jennifer A LaChance, High Tide Realty Phone #: (573) 701-1671

MLS: CentralPanhandle #762934

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