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$1,225,000

Beds
4
Baths
2.5
sq ft
2,830

431 E Zaragoza St Unit B, Pensacola, FL 32502

431 E Zaragoza St Unit B

Pensacola, FL 32502

  • 48 days on market
This Contemporary Loft is built with Concrete Block. It is updated and has gas cooking. It is zoned HC1. That means, " Live here Work here". It is sided with cedar lap to blend into the Seville Historic District. It is a fabulous downtown custom artzy loft or hidden retreat/home/studio on the tony East Zaragoza St. It was once a YOGA Studio and also a Sandwich/Salad Restaurant called DABOs. It is a studio home right now. The home is exceptionally close to the Port, Downtown and the IHMC. The large 4 or five sleeping room loft has private bedrooms and media space. It has a spacious open floor plan on the first level and features a magnificent patio and court yard. There are 2 additional up high outside decks with water views. The property is Turn Key. There is an easement from the Bayfront Pkwy allowing entry and parking for a small car and free on street parking is available too on E Zaragoza St and S. Florida Blanca. It would make a great co-work office for students and scientist. The property is walkable to all downtown night life, restaurants, the YMCA and nestle in the tony Seville Square Historic District Neighborhood allowing adaptive uses. The property would make a great addition to any downtown teams or academia members that may be involved in the robotic inventions, developments and those home basing at the Port of Pensacola. It is a perfect retreat and hide a way. It is offered as a long term rental as well at $4900.00 a month

Details

Property type

Single Family Residence

Est. home value

$1,142,049

Lot size

4,007.52 sq ft

Price per sq ft

$433

Year built

1983

HOA

No

Price History

09/26/2024
Pensacola

Pensacola #652999

Listed
$1,225,000
09/20/2024
Pensacola

Pensacola #642182

Removed
$1,225,000
03/20/2024
Pensacola

Pensacola #642182

Listed
$1,225,000

Schools & Community

Neighborhood: 

Baymarc

Elementary school: 

Global Learning Academy

Middle school: 

Workman

High school: 

Pensacola

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

$643,864
Asking price
$1,225,000
Closing costs (~8% of asking)
-$98,000
Est. remaining loan balance
-$483,136
Cash to seller
$643,864

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

Seller’s Loan History

Lender

Whitney Bank

Loan start date

July 2022

Original loan amount

$500,000

Est. remaining balance

$483,136

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Maureen W Howard and Rustin R Howard

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: 11/14/2024 at 11:05 AM

Listing updated: 09/27/2024 at 1:23 AM

Listed by: Kathleen Tanner, TANNER REALTY OF NW FL Phone #: (850) 435-9007

MLS: Pensacola #652999

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