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$309,500

Beds
3
Baths
2.0
sq ft
1,366

5010 Merritt Brown Way, Panama City, FL 32404

5010 Merritt Brown Way

Panama City, FL 32404

  • 82 days on market
    • Price drop $500↓
This is a great 3 bedroom/ 2 bath home sitting on a third of an acre lot located in the Cherokee Heights neighborhood. This home features a wood burning fireplace, spacious screened in patio, LVP floors, two car garage with a sectioned off area that can be used an additional work space, stylish crown molding, and an Extra Large master bedroom with 8x8 walk in closet. The master bedroom is also complimented by a master bath with a separate shower, and a jetted tub shower combo. The living area has a great flow into the kitchen and dining area. The exterior of the home is brick with vinyl accents accompanied by a HUGE backyard that has privacy fenced all the way around. This home is NOT located inside of an HOA so the yard is definitely wide enough to fit a large boat or RV along the side. This home is currently occupied so please reach out to the agent to schedule a showing. Motivated seller open to consider all reasonable offers! Let us make this your next Home!

Details

Property type

Single Family Residence

Est. home value

$298,160

Lot size

0.31 acres

Price per sq ft

$227

Year built

2004

Annual property taxes

$2,767

HOA

No

Price History

09/05/2024
CentralPanhandle

CentralPanhandle #759305

Price change
$309,500
-0.16%
08/19/2024
CentralPanhandle

CentralPanhandle #759305

Price change
$310,000
-3.13%
06/28/2024
CentralPanhandle

CentralPanhandle #759305

Listed
$320,000
+60.8%

Schools & Community

Neighborhood: 

Cedar Grove

Elementary school: 

Tommy Smith

Middle school: 

Merritt Brown

High school: 

Bay

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

$99,328
Asking price
$309,500
Closing costs (~8% of asking)
-$24,760
Est. remaining loan balance
-$185,412
Cash to seller
$99,328

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

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

July 2020

Original loan amount

$203,577

Est. remaining balance

$185,412

Interest rate

3.15%

Loan type

VA, 30 year

Seller

Nicholas A Neely Iii

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: 09/19/2024 at 1:10 PM

Listing updated: 09/05/2024 at 5:09 PM

Listed by: Lou Denis, Full Sail Realty of NWFL Phone #: (850) 348-1673

MLS: CentralPanhandle #759305

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