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$581,500

Beds
4
Baths
3.0
sq ft
2,695

503 Parkwood Dr, Panama City, FL 32405

503 Parkwood Dr

Panama City, FL 32405

  • 94 days on market
    • Price drop $11,000↓
This tropical oasis, located in the heart of Panama City, offers a serene escape. Boasting 8-foot privacy fence. Recently renovated to feature a more open floor plan and enhanced with handicap accessibility, this Caribbean-style retreat features lush landscaping. Enjoy the magnificent 33x17 L-shaped pool, which has been recently refinished and fitted with a new filter, surrounded by a variety of palm trees. The property offers extensive paver and tile patio areas perfect for relaxation, including a fully outfitted tiki hut with ample electrical outlets, sinks, an outdoor shower, and a half bathroom. Additionally, there are two decorative paved sitting areas, a jetted hot tub, an outdoor fireplace, and a separate sitting area with a garden. There's also plenty of yard space for pets or children. The metal roof was replaced in 2019.Inside, the home showcases tall ceilings, a cathedral ceiling in the living room, tile flooring through out. The kitchen, was completely renovated with new cabinets and kitchen island. The Florida room, featuring custom marble flooring, connects seamlessly to the pool, tiki hut, and backyard. The bedrooms are generously sized. Additionally, there is extra storage and a workshop area accessible from the paved side yard or through barn-style doors from the patio, providing ample space for a golf cart, lawn mowers, bicycles, and tools. The driveway accommodates an RV, boat, and several cars with ease. The home also features a sprinkler system, an extra-wide gutter system, and newer pool equipment with a waterfall and sitting area.

Details

Property type

Single Family Residence

Est. home value

$472,653

Lot size

0.31 acres

Price per sq ft

$216

Year built

1994

Annual property taxes

$6,651

HOA

No

Price History

10/07/2024
CentralPanhandle

CentralPanhandle #760864

Price change
$581,500
-1.86%
08/31/2024
CentralPanhandle

CentralPanhandle #760864

Price change
$592,500
-1.25%
08/02/2024
CentralPanhandle

CentralPanhandle #760864

Listed
$600,000
+42.86%

Schools & Community

Elementary school: 

Hiland Park

Middle school: 

Jinks

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

$237,585
Asking price
$581,500
Closing costs (~8% of asking)
-$46,520
Est. remaining loan balance
-$297,395
Cash to seller
$237,585

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

Seller’s Loan History

Lender

Fbt Mortgage Llc

Loan start date

July 2021

Original loan amount

$320,000

Est. remaining balance

$297,395

Interest rate

2.96%

Loan type

New Conventional, 30 year

Seller

Sandra Baldridge

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: 11/05/2024 at 8:35 AM

Listing updated: 10/07/2024 at 4:39 PM

Listed by: Dien and Andrew Group, Think Real Estate Phone #: (850) 270-4200

MLS: CentralPanhandle #760864

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