tomo logo

$197,500

Beds
3
Baths
2.0
sq ft
1,296

5114 Lance St, Panama City, FL 32404

5114 Lance St

Panama City, FL 32404

  • 26 days on market
Parker area of Bay County. 6 mi to main gate of Tyndall AFB. Great investment opportunity! VA ASSUMABLE LOAN at 3,125 %, balance approximately $110,000, payment currently $790 Mo. includes taxes/insurance. Please contact your agent with questions. Property is .6 of acre with plenty of room to add another home in back. We do have a survey. Confirm with Parker Planning and Zoning for accuracy. Covered carport with room for 2 spaces. There is also a concrete parking pad to right of home with room for 2 cars. Metal roof installed in 2018. Home has been well kept. Tenant has been renting for 3 years at $1,600/mo. Would like to stay if possible. Call Listing Agent to make appointment ... 24 hours notice for showing.

Details

Property type

Manufactured Home

Type

Double Wide

Est. home value

$161,839

Lot size

0.56 acres

Price per sq ft

$153

Year built

2005

Annual property taxes

$1,510

HOA

No

Price History

10/22/2024
CentralPanhandle

CentralPanhandle #764303

Listed
$197,500
+64.58%
05/19/2021
CentralPanhandle

CentralPanhandle #709218

Sold
$120,000
+33.33%
07/27/2018
CentralPanhandle

CentralPanhandle #669302

Sold
$90,000

Schools & Community

Elementary school: 

Parker

Middle school: 

Rutherford Middle

High school: 

Rutherford

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

$70,557
Asking price
$197,500
Closing costs (~8% of asking)
-$15,800
Est. remaining loan balance
-$111,143
Cash to seller
$70,557

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

Seller’s Loan History

Lender

The Mortgage Firm Inc

Loan start date

May 2021

Original loan amount

$120,000

Est. remaining balance

$111,143

Interest rate

3.18%

Loan type

VA, 30 year

Seller

David Michaels

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: 11/22/2024 at 7:15 PM

Listing updated: 11/08/2024 at 12:49 PM

Listed by: Barbara J Stevens, Premier Properties of Bay Co Phone #: (850) 819-5291

MLS: CentralPanhandle #764303

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