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$506,652Estimated home value

Beds
3
Baths
2.0
sq ft
1,305

3922 Ocean View Dr, Panama City, FL 32408

3922 Ocean View Dr

Panama City Beach, FL 32408

  • Sold On 10/7/2021
CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS - Established Short Term Rental ''The Iris'' is offered fully furnished and turnkey, it can easily accommodate 8-10 guests. This 3-bed/2-bath home with 1-car garage has tile throughout, a fully equipped kitchen, laundry, PLUS a maintenance free front and backyard. Just a few blocks from Public Beach Access #16 and Rick Seltzer Park. No HOA. Flood Zone X. New roof installed in FEBRUARY 2021. Revenue from May-JUL was $37k PLUS $8,391 just in AUG. Annual gross short term rental income projections are $70k+. Property is on septic but there's a new sewer line ready to tap in.

Details

Property type

Single Family Residence

Est. home value

$506,652

Lot size

4,966 sq ft

Price per sq ft

$322

Year built

1999

Annual property taxes

$1,986

HOA

No

Price History

12/21/2024
CentralPanhandle

CentralPanhandle #759354

Removed
$519,990
09/11/2024
CentralPanhandle

CentralPanhandle #759354

Price change
$519,990
-0.95%
07/01/2024
CentralPanhandle

CentralPanhandle #759354

Listed
$525,000
+19.32%

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

$58,976
Asking price
$420,000
Closing costs (~8% of asking)
-$33,600
Est. remaining loan balance
-$327,424
Cash to seller
$58,976

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

Seller’s Loan History

Lender

Primelending

Loan start date

October 2021

Original loan amount

$352,000

Est. remaining balance

$327,424

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Matthew Cyr and Marie Cyr

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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6310 Pinetree Ave, Panama City, FL 32408

Status: Off Market

Tomo last checked: 12/23/2024 at 7:50 AM

Listing updated: 09/22/2024 at 11:30 PM

Listed by: Alice de La Penha, Coldwell Banker Realty Phone #: (850) 234-6696

MLS: CentralPanhandle #716358

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