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$399,999

Beds
3
Baths
2.0
sq ft
2,256

500 Timber Ridge Dr, Pensacola, FL 32534

500 Timber Ridge Dr

Pensacola, FL 32534

  • Pending
Beautiful home with room for both RV and boat! This charming and stately home welcomes you in with its wide foyer, the lovely living room, and the formal dining room. The rich wood look floors, the crown molding, and natural light creates an inviting place to sit, read and enjoy meals with family and friends. The ample sized kitchen recently updated with new appliances, boasts quartz countertops, under cabinet lighting, and a breakfast nook. Through a door off the kitchen is a pantry and the laundry room. Continuing through the kitchen to the right is the large family room with an impressive space for large gatherings, picturesque mantel piece over a wood burning fire place, and a separate bonus room that is perfect for a study or guest room. A second entrance into the family room circles back to the foyer and to a hallway leading to the bedrooms. The primary bedroom is peaceful and roomy. Its ensuite bathroom includes a vanity, brand new shower with subway tiles, and a walk in closet. One of the two additional bedrooms brightens with character from the lovely brick of the fireplace. From the family room, another door leads to a screened in porch overlooking the tree lined back yard. A small building converted into a chicken coop is ready for some chickens or can be used as a storage shed. At the very end of the driveway there is room for an RV. Across from the two car garage is a carport perfect for a boat or other vehicles. The mature trees and foliage backdrop this cul-de-sac brick home!

Details

Property type

Single Family Residence

Est. home value

$371,179

Lot size

1.12 acres

Price per sq ft

$178

Year built

1981

HOA

No

Price History

07/08/2024
Pensacola

Pensacola #648517

Pending
$399,999
07/05/2024
Pensacola

Pensacola #648517

Listed
$399,999
+66.67%
10/04/2019
Pensacola

Pensacola #559413

Sold
$240,000
+42.94%

Schools & Community

Elementary school: 

Lipscomb

Middle school: 

Ransom

High school: 

Tate

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

$163,690
Asking price
$399,999
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$204,309
Cash to seller
$163,690

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

Seller’s Loan History

Lender

Everett Financial Inc

Loan start date

October 2019

Original loan amount

$226,000

Est. remaining balance

$204,309

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

David Balzer and Laura Balzer

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: Pending/Under Contract

Tomo last checked: 07/09/2024 at 9:55 PM

Listing updated: 07/08/2024 at 2:55 PM

Listed by: Genevieve Fortner, Levin Rinke Realty Phone #: (850) 916-5050

MLS: Pensacola #648517

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