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$240,000

Beds
3
Baths
2.0
sq ft
1,148

5245 Collins Dr, Panama City, FL 32404

5245 Collins Dr

Panama City, FL 32404

  • <1 day on market
This well-maintained home is located just 5 miles from Tyndall Air Force Base, only an 8-minute drive away. It features a 576 sq ft workshop with electricity, offering ample space for projects or extra storage. The large, fenced backyard is perfect for outdoor activities, complete with an inground sprinkler system and a deck. Inside, you'll find a newer stove, refrigerator, fresh paint, and new carpet. The roof was replaced in 2019, and the home is equipped with hurricane shutters for added protection. Situated in Flood Zone X, flood insurance is not required. This property offers an ideal opportunity for both homebuyers and investors alike! All information is approximate and should be verified by buyers if important.

Details

Property type

Single Family Residence

Est. home value

$202,160

Lot size

9,583 sq ft

Price per sq ft

$210

Year built

1973

Annual property taxes

$1,764

HOA

No

Price History

04/02/2025
CentralPanhandle

CentralPanhandle #771337

Listed
$240,000
+25.33%
12/08/2022
CentralPanhandle

CentralPanhandle #733728

Sold
$191,500

Schools & Community

Elementary school: 

Tyndall

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

$80,645
Asking price
$240,000
Closing costs (~8% of asking)
-$19,200
Est. remaining loan balance
-$140,155
Cash to seller
$80,645

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

Seller’s Loan History

Lender

Change Lending Llc

Loan start date

December 2022

Original loan amount

$143,625

Est. remaining balance

$140,155

Interest rate

6.94%

Loan type

New Conventional, 30 year

Seller

Dennis Nail

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: 04/03/2025 at 11:35 AM

Listing updated: 04/02/2025 at 2:50 PM

Listed by: Rebecca L Mackey, RE/MAX Freedom Phone #: (850) 806-2288

MLS: CentralPanhandle #771337

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