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$158,000

Beds
2
Baths
2.0
sq ft
860

5001 Grande Dr Unit 423, Pensacola, FL 32504

5001 Grande Dr Unit 423

Pensacola, FL 32504

  • 35 days on market
Come see this Nice 2 bedroom, 2 bath Townhome in a lovely 2 story solid brick building, with a 1 Car Garage. Unique opportunity for an investor or homebuyer to buy a nice unit at a good price. . It needs a little work, so show it some love, to complete the package and you have a great investment in a stable, well managed and maintained condo complex in central Pensacola area! There are outside stairs leading up to enter the unit, stairs to access the loft bedroom & bath, and an inside staircase leading downward to access the 1 Car Garage. Selling the unit in AS IS condition, the Seller will pay the HOA’s special assessment at closing totaling $13,400, which will add value to entire complex containing 108 units. The Special Assessment covers windows, outside stairs, and new inside staircases to garage. HOA dues of $7,500 per year cover more than you may think.... they cover things like the roof and building insurance, trash, pest control (termites only), internet with modem, etc. Villas on the Square is a well groomed and established neighborhood, mere minutes from Airport, area Hospitals, shopping centers, downtown, and more. These units are literally behind the Cordova Mall back parking lot with privacy fence and near the Pensacola International Airport. Most of these units are owner occupied. Nice Common Picnic Areas, as well as a Pool and Community Room for all to access. Call today for easy show.

Details

Property type

Condominium

Est. home value

$203,022

Lot size

6.0436 acres

Price per sq ft

$184

Year built

1984

Monthly HOA fee

$625

Price History

03/06/2025
Pensacola

Pensacola #660215

Listed
$158,000

Schools & Community

Neighborhood: 

Woodland Heights

Elementary school: 

Cordova Park

Middle school: 

Ferry Pass

High school: 

Washington

Community features: 

Pool

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

$79,405
Asking price
$158,000
Closing costs (~8% of asking)
-$12,640
Est. remaining loan balance
-$65,955
Cash to seller
$79,405

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 National Bank

Loan start date

January 2006

Original loan amount

$113,172

Est. remaining balance

$65,955

Interest rate

6.32%

Loan type

FHA, 30 year

Seller

Jesse Cohen

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?

Status: Active

Tomo last checked: 04/10/2025 at 6:05 PM

Listing updated: 03/27/2025 at 11:40 AM

Listed by: Michael Shorey, PERDIDO SAND REALTY, INC. Phone #: (850) 492-2000

MLS: Pensacola #660215

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