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$375,000

Beds
3
Baths
2.0
sq ft
1,622

400 Otto Ln, Panama City, FL 32408

400 Otto Ln

Panama City, FL 32408

  • 7 days on market
This home has been freshly painted inside and out! Screened in porch and a fenced yard. This home is central to the Navy Base, shopping, beaches, restaurants, and more! Amazing location in a sought-after neighborhood with no HOA.All measurements are approximate- measure to confirm.

Details

Property type

Single Family Residence

Est. home value

$379,745

Lot size

0.24 acres

Price per sq ft

$232

Year built

1989

Annual property taxes

$1,685

HOA

No

Price History

09/27/2024
CentralPanhandle

CentralPanhandle #763167

Listed
$375,000
+87.5%
04/07/2016
CentralPanhandle

CentralPanhandle #628242

Sold
$200,000

Schools & Community

Neighborhood: 

Upper 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

$127,335
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$217,665
Cash to seller
$127,335

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

Seller’s Loan History

Lender

Loanpal Llc

Loan start date

April 2021

Original loan amount

$235,000

Est. remaining balance

$217,665

Interest rate

3.02%

Loan type

VA, 30 year

Seller

Alex S Surry and Brittany S Surry

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: 10/05/2024 at 12:20 AM

Listing updated: 10/01/2024 at 1:15 PM

Listed by: Brittni Shisler-Smith, Beachy Beach Real Estate Phone #: (850) 233-4351

MLS: CentralPanhandle #763167

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