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$499,999

Beds
5
Baths
3.0
sq ft
2,986

5217 Melissa Dr, Panama City, FL 32404

5217 Melissa Dr

Panama City, FL 32404

  • 8 days on market
    • Price drop $15,001↓
This desirable home has so much to offer PLUS *$10K in Closing Costs for Buyer**!! Let's start with 5 bedrooms, 3 full bathrooms, an office, 2 living rooms (one has a built in wet bar for entertaining!) and a beautiful kitchen and dining room. They have updated the bathrooms- they are beautiful! The floors have also been replaced with luxury vinyl plank throughout much of the home. On top of that, there is an amazing saltwater gunite concrete in-ground pool with a brand new lanai, a gazebo and a pool house for storage. They have a double gate for access to the back yard and a large turn around driveway. Did you notice the manatee mailbox? So neat! They have a New Hot Tub that is included, very nice! Covered back patio, lovely entry to the front of the home as well with a beautiful giant palm tree. This house has the Florida feel for sure! It also includes a security system with monitor and 2- 30amp plugs (they had an electric car and RV plugged in). The roof is 2019, Water Heater (with Wifi) and HVAC 2021, pool guy comes on Tuesdays and they had the house professional cleaned and move in ready! Did I mention the appliances in the kitchen are new? Did you see the LED lights under the cabinets? Transferrable home warranty? You need to go check out this house!!! Schedule your showing today!!

Details

Property type

Single Family Residence

Est. home value

$411,308

Lot size

0.36 acres

Price per sq ft

$168

Year built

1993

HOA

No

Price History

02/14/2025
CentralPanhandle

CentralPanhandle #768818

Price change
$499,999
-2.91%
02/14/2025
CentralPanhandle

CentralPanhandle #768818

Listed
$515,000
+28.75%
04/19/2023
CentralPanhandle

CentralPanhandle #737167

Sold
$400,000
+19.76%

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

$87,782
Asking price
$499,999
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$372,217
Cash to seller
$87,782

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

April 2023

Original loan amount

$380,000

Est. remaining balance

$372,217

Interest rate

6.65%

Loan type

New Conventional, 30 year

Seller

Arcola J Law and James E Law

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: 02/22/2025 at 6:30 PM

Listing updated: 02/19/2025 at 9:29 AM

Listed by: Misty L Curtis, Coldwell Banker Carroll Realty Phone #: (850) 872-8200

MLS: CentralPanhandle #768818

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