tomo logo

$3,750,000

Beds
5
Baths
4.5
sq ft
3,557

5 Johnstown Ln, Inlet Beach, FL 32461

5 Johnstown Ln

Inlet Beach, FL 32461

  • 197 days on market
    • Price drop $200,000↓
Seller offering $50,000 SELLER CONCESSION towards upgrades and improvements! ** Overlooking the St. Augustine Green in Rosemary Beach, this four-story attached home is a must-see! Enjoy panoramic views of the lush greenery and Rosemary Beach from every level, featuring balconies on the second, third, and fourth floors. Stepping inside to the first floor you will find two inviting guest suites, each designed for comfort with king beds and ample closet space. Conveniently located on the first floor is a wet bar complete with an ice-maker.Outside, off the first floor, awaits an expansive deck, perfect for family gatherings and outdoor entertaining. The allure continues with APPROVAL from the town architect for a PRIVATE POOL or CARRIAGE HOUSE to enhance the outdoor

Details

Property type

Townhouse

Est. home value

$4,062,258

Lot size

3,049 sq ft

Price per sq ft

$1,055

Year built

2007

Monthly HOA fee

$468.33

Price History

05/28/2024
EmeraldCoast

EmeraldCoast #947916

Price change
$3,750,000
-5.06%
04/21/2024
EmeraldCoast

EmeraldCoast #947916

Listed
$3,950,000
-0.63%
04/16/2024
EmeraldCoast

EmeraldCoast #931373

Removed
$3,975,000

Schools & Community

Elementary school: 

Dune Lakes

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

Pool, Tennis Court(s)

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

$1,200,353
Asking price
$3,750,000
Closing costs (~8% of asking)
-$300,000
Est. remaining loan balance
-$2,249,647
Cash to seller
$1,200,353

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

Seller’s Loan History

Lender

Michigan Mutual Inc

Loan start date

January 2022

Original loan amount

$2,388,000

Est. remaining balance

$2,249,647

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

James Winter

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?

Similar Homes Nearby

EmeraldCoast
$3,750,000
5 bd
|
5.5 ba
|
4,518 sq ft
|
House

76 Emerald Cove Ln S, Inlet Beach, FL 32461

EmeraldCoast
$3,745,000
5 bd
|
6.5 ba
|
5,292 sq ft
|
House

474 Cannonball Ln Unit Lot 7, Inlet Beach, FL 32461

Price drop
EmeraldCoast
$3,899,000
4 bd
|
4.5 ba
|
2,907 sq ft
|
House

59 W Water St, Inlet Beach, FL 32461

Status: Active

Tomo last checked: 11/04/2024 at 5:00 PM

Listing updated: 10/29/2024 at 10:46 PM

Listed by: Blankenship Group, Engel & Volkers 30A Beaches Phone #: (850) 213-2800

MLS: EmeraldCoast #947916

EmeraldCoast logo

Recently listed in Inlet Beach