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$189,900

Beds
3
Baths
1.0
sq ft
1,400

5220 Cherry St, Panama City, FL 32404

5220 Cherry St

Panama City, FL 32404

  • 206 days on market
    • Price drop $10,000↓
Large home on a huge corner lot - just under 1/2 acre! Zoned ''mixed use'' so it is a great location for an office/business or an investment opportunity to build a duplex or fourplex on the lot. Great, convenient location to Tyndall Air Force Base and Mexico Beach.Currently, the home is a 3-bedroom 1 bath home. Functional kitchen, inside laundry room, living room and a large family room with fireplace. Large carport! New roof - 2019, but still has some damage from Hurricane Michael. Capitalize on this great deal! (all sizes approximate and taken from public records, buyer to verify any details buyer deems important).

Details

Property type

Single Family Residence

Est. home value

$213,506

Property condition

Under Construction

Lot size

0.42 acres

Price per sq ft

$136

Year built

1959

HOA

No

Price History

11/06/2024
CentralPanhandle

CentralPanhandle #755817

Listed
$189,900
10/07/2024
CentralPanhandle

CentralPanhandle #755817

Pending
$189,900
07/31/2024
CentralPanhandle

CentralPanhandle #755817

Price change
$189,900
-5%

Schools & Community

Elementary school: 

Parker

Middle school: 

Rutherford Middle

High school: 

Rutherford

Number of units in community: 

1

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

$137,345
Asking price
$189,900
Closing costs (~8% of asking)
-$15,192
Est. remaining loan balance
-$37,363
Cash to seller
$137,345

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

Seller’s Loan History

Lender

Peoples First Community Bank

Loan start date

April 2004

Original loan amount

$74,340

Est. remaining balance

$37,363

Interest rate

5.58%

Loan type

VA, 30 year

Seller

Marco E Streekmann

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: 11/09/2024 at 11:30 AM

Listing updated: 11/06/2024 at 6:29 PM

Listed by: Jessica J Albritton, Beachy Beach Real Estate Phone #: (850) 532-6262

MLS: CentralPanhandle #755817

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