tomo logo

$365,000

Beds
3
Baths
2.0
sq ft
2,106

511 Palomar Dr, Pensacola, FL 32507

511 Palomar Dr

Pensacola, FL 32507

  • Pending
WATER VIEW FROM THE FRONT STEPS OF THIS COASTAL COTTAGE LOCATED ACROSS FROM DAVENPORT BAYOU. This 1940's home is loaded with the quality and charm of a bygone era. Hardwood floors, original solid doors with glass knobs and hardware, wide decorative baseboards and moldings, tongue and groove wood paneling. Light grey painted walls and white painted woodwork consistent throughout. Wood Burning Fireplace with antique sconces. Kitchen and baths have been updated over the years. The ample sized eat in kitchen with peninsula and butler's pantry offers a gas burner Jenn Air Downdraft Range, updated cabinets with glass door fronts, solid surface countertops with double sink, stainless steel appliances and pantry. Laundry off of the kitchen includes the washer and dryer. Laundry/mudroom also serves as the side entry off of the driveway and patio for easy access when unloading groceries and outdoor entertaining. 2021 ROOF!!! Newer windows with hurricane protection! 3 Bedrooms, 2 Baths, PLUS office/study totaling 2106 square feet. Paver patio and private partially fences back yard. Large, detached workshop on slab in back yard with spray foam insulation and electrical updates that could be finished for separate guest house or potential rental income. Quiet dead-end street with a neighborhood park with playground and waterfront access. Great proximity to NAS, shopping and downtown. Clear WDO report in 2022. Electrical and plumbing updates believed to have been done around 2010 and 2019. Tankless gas hot water heater around 2010 and HVAC 2013. This home is in great condition and ready for its new owner. Schedule a showing to view this Coastal Cottage today!

Details

Property type

Single Family Residence

Est. home value

$358,302

Lot size

8,354.808 sq ft

Price per sq ft

$174

Year built

1940

HOA

No

Price History

10/28/2024
Pensacola

Pensacola #651670

Pending
$365,000
09/02/2024
Pensacola

Pensacola #651670

Listed
$365,000
+10.61%
02/11/2022
Pensacola

Pensacola #600319

Sold
$330,000
+39.83%

Schools & Community

Elementary school: 

Warrington Elementary

Middle school: 

Warrington

High school: 

Pensacola

Community features: 

Fishing, Playground

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

$56,511
Asking price
$365,000
Closing costs (~8% of asking)
-$29,200
Est. remaining loan balance
-$279,289
Cash to seller
$56,511

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

February 2022

Original loan amount

$297,000

Est. remaining balance

$279,289

Interest rate

3.05%

Loan type

New Conventional, 29 year

Seller

Russ Dickerson and Linda Murray

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?

Similar Homes Nearby

Price drop
Pensacola
$324,900
3 bd
|
2 ba
|
1,827 sq ft
|
House

507 Polk Ave, Pensacola, FL 32507

Pensacola
$390,000
3 bd
|
2 ba
|
1,795 sq ft
|
House

303 Chattman St, Pensacola, FL 32507

Pensacola
$360,000
3 bd
|
2 ba
|
2,090 sq ft
|
House

318 N 57th Ave, Pensacola, FL 32506

Status: Pending/Under Contract

Tomo last checked: 11/08/2024 at 5:20 AM

Listing updated: 10/28/2024 at 10:10 PM

Listed by: Chris Reid, Emerald Coast Realty Pros Phone #: (850) 437-5618

MLS: Pensacola #651670

Pensacola logo

Recently listed in Pensacola

$425,000|4 bd|2.0 ba|House
$300,000|3 bd|2.0 ba|House
$317,000|2 bd|1.0 ba|House
$499,000|3 bd|2.0 ba|House
$249,950|3 bd|2.5 ba|Townhouse
$249,950|3 bd|2.5 ba|Townhouse
$290,000|3 bd|2.0 ba|House
$180,000|3 bd|2.5 ba|Townhouse
$435,000|3 bd|2.0 ba|Townhouse
$289,000|3 bd|2.0 ba|House