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$161,839Estimated home value

Beds
3
Baths
2.0
sq ft
1,296

5114 Lance St, Panama City, FL 32404

5114 Lance St

Panama City, FL 32404

  • Sold On 5/19/2021
    • Price drop $3,500↓
CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS. NOW ACCEPTING VA FINANCING!! Close to Tyndall Air Force Base-6 miles from main gate. Don't miss your opportunity for affordable living with plenty of space for your toys with more than 1/2 an acre of ground. Two storage sheds. Open concept and spacious living. There is a covered carport area for two cars, plus a concrete parking pad to the right of the home. Home has a metal roof, installed in 2018. Generous closet space, including a walk in closet. Comes with push lawnmower, weed eater and other lawn items. Measurements are close, but please verify if you need exact.

Details

Property type

Manufactured Home

Type

Double Wide

Est. home value

$161,839

Lot size

0.51 acres

Price per sq ft

$90

Year built

2005

Annual property taxes

$522

HOA

No

Price History

03/01/2025
CentralPanhandle

CentralPanhandle #764303

Removed
$179,000
11/27/2024
CentralPanhandle

CentralPanhandle #764303

Price change
$179,000
-9.37%
10/22/2024
CentralPanhandle

CentralPanhandle #764303

Listed
$197,500
+64.58%

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

-$3,527
Asking price
$116,000
Closing costs (~8% of asking)
-$9,280
Est. remaining loan balance
-$110,247
Cash to seller
-$3,527

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

$110,247

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: Off Market

Tomo last checked: 03/31/2025 at 8:50 PM

Listing updated: 09/22/2024 at 11:20 PM

Listed by: Andrea D Owens, LoKation Real Estate Phone #: (850) 502-4862

MLS: CentralPanhandle #709218

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