tomo logo

$240,000

Beds
3
Baths
2.0
sq ft
2,270

523 Lakewood Rd, Pensacola, FL 32507

523 Lakewood Rd

Pensacola, FL 32507

  • 4 days on market
Large home with abundant square footage and great for entertaining. Wonderful location close to downtown, the Navy Base and the water. The Roof is NEW in 2024. The large foyer provides a nice welcome for your guests or can be considered part of the living room. Owners can use the room off the carport for entrance through a great Mudroom, or that would make a great Hobby/Kid Room. The Living room has real wood paneling, a cathedral ceiling with beams, and opens up onto a sunken den which is over 500sf with Terrazzo flooring that has been redone. There is also a large patio area with a completely fenced in yard and a nice 20x20 workshop/shed out back. This home is on a lot that is over 1/4 acre and is down the street from a public park and boat ramp on Bayou Chico. It does need updating and some work, but what a wonderful home to customize your way , or it will be a great Rental Investment for your portfolio. The home is sold as-is.

Details

Property type

Single Family Residence

Est. home value

$196,848

Lot size

0.28 acres

Price per sq ft

$106

Year built

1949

HOA

No

Price History

03/26/2025
Pensacola

Pensacola #661426

Listed
$240,000
+108.7%
09/28/2018
Pensacola

Pensacola #538250

Sold
$115,000

Schools & Community

Elementary school: 

Warrington Elementary

Middle school: 

Warrington

High school: 

Pensacola

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

$148,581
Asking price
$240,000
Closing costs (~8% of asking)
-$19,200
Est. remaining loan balance
-$72,219
Cash to seller
$148,581

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

Seller’s Loan History

Lender

Cu Members Mortgage

Loan start date

September 2018

Original loan amount

$112,917

Est. remaining balance

$72,219

Interest rate

4.05%

Loan type

FHA, 15 year

Seller

Melissa Purvis

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?

Status: Active

Tomo last checked: 03/30/2025 at 7:35 PM

Listing updated: 03/27/2025 at 11:36 AM

Listed by: Rita Mackie, HOARD PROPERTIES, LLC Phone #: (850) 380-5858

MLS: Pensacola #661426

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