tomo logo

$225,000

Beds
3
Baths
2.5
sq ft
1,401

501 Palermo Rd, Panama City, FL 32405

501 Palermo Rd

Panama City, FL 32405

  • 115 days on market
    • Price drop $5,000↓
Welcome to this beautifully updated 3-bedroom, 2.5-bathroom home, perfect for those looking to settle into their first home. Step inside to discover large, inviting rooms with fresh paint and newer flooring throughout, creating a modern and welcoming atmosphere. The downstairs features durable and stylish tile flooring, while the upstairs boasts easy-to-maintain vinyl plank flooring. Out back, you'll find a fenced yard. This home is move-in ready and offers a fantastic blend of comfort and style, making it the perfect place to start your next chapter!

Details

Property type

Townhouse

Est. home value

$205,769

Lot size

4,356 sq ft

Price per sq ft

$161

Year built

1983

Price History

12/17/2024
EmeraldCoast

EmeraldCoast #958315

Price change
$225,000
-2.17%
08/30/2024
EmeraldCoast

EmeraldCoast #958315

Listed
$230,000
+33.33%
09/11/2023
CentralPanhandle

CentralPanhandle #744094

Sold
$172,500

Schools & Community

Elementary school: 

Northside

Middle school: 

Mowat

High school: 

Mosley

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

$157,503
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$49,497
Cash to seller
$157,503

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

Seller’s Loan History

Lender

Ditech Financial Llc

Loan start date

April 2016

Original loan amount

$75,790

Est. remaining balance

$49,497

Interest rate

3.62%

Loan type

New Conventional, 20 year

Seller

Albert Whaley and Lynette J Whaley

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: 12/23/2024 at 8:00 AM

Listing updated: 12/18/2024 at 11:44 PM

Listed by: Amanda L Gaskin, Amanda L Gaskin, Amanda L Gaskin, Briar Patch Realty LLC Phone #: (850) 902-4464

MLS: EmeraldCoast #958315

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