tomo logo

$270,000

Beds
4
Baths
2.0
sq ft
1,590

4623 E 3rd St, Panama City, FL 32404

4623 E 3rd St

Panama City, FL 32404

  • 24 days on market
Discover the Potential! Nestled on a spacious 1/2-acre lot, this 4-bedroom, 2-bathroom home offers the charm of original hardwood floors, abundant natural light, and updated recessed lighting. While the property is in need of TLC, it holds immense potential to become the serene escape you've been dreaming of.The kitchen, equipped with Quartz countertops and stainless steel appliances, overlooks a cozy living room. The master bedroom boasts an ensuite bathroom and walk-in closet accessed through sliding wood farm doors, with a bathroom featuring a floor-to-ceiling tiled shower. The expansive outdoor space invites creativity, whether for gatherings, gardening, or simply unwinding.Updates in 2022 include a new roof, windows, kitchen, and bathrooms. However, the home is priced to reflect its current condition and will require short sale approval through the current mortgage company.This is your opportunity to transform a home with great bones into a space uniquely your own!

Details

Property type

Single Family Residence

Est. home value

$227,368

Lot size

0.47 acres

Price per sq ft

$170

Year built

1951

Annual property taxes

$3,345

HOA

No

Price History

11/27/2024
CentralPanhandle

CentralPanhandle #765619

Listed
$270,000
-16.92%
11/05/2024
CentralPanhandle

CentralPanhandle #756701

Removed
$325,000
05/06/2024
CentralPanhandle

CentralPanhandle #756701

Listed
$325,000
+14.64%

Schools & Community

Elementary school: 

Parker

Middle school: 

Rutherford Middle

High school: 

Rutherford

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

-$30,718
Asking price
$270,000
Closing costs (~8% of asking)
-$21,600
Est. remaining loan balance
-$279,118
Cash to seller
-$30,718

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

June 2022

Original loan amount

$290,020

Est. remaining balance

$279,118

Interest rate

5.11%

Loan type

VA, 30 year

Seller

Sarah Louise Martin and Cody Jason Martin

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: 12/22/2024 at 2:45 PM

Listing updated: 11/27/2024 at 5:19 PM

Listed by: The Beninateam, Beachy Beach Real Estate Phone #: (850) 532-6262

MLS: CentralPanhandle #765619

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