tomo logo

$400,000

Beds
2
Baths
2.0
sq ft
1,008

5324 Hilltop Ave, Panama City, FL 32408

5324 Hilltop Ave

Panama City Beach, FL 32408

  • Pending
This quaint beach cottage was recently filmed and is in a recent episode of Beachfront Bargain Hunt Renovation on Magnolia Network! You can make this updated 2 bedroom, 2 bath beach home yours for personal use or for an income producing property. Great location on Panama City Beach, just blocks from Beach Access #7 and near the popular Schooners Restaurant. St. Andrews State Park is nearby as well. The neighborhood is golf cart friendly, with NO HOA, and flood zone X with no flood insurance required. There are so many things to love about this home! The open floor plan includes an updated kitchen, large living room and dining area with low maintenance ceramic tile flooring throughout the house. The master bedroom has an ensuite and a large walk in closet. The back yard has a privacy fence making it a perfect place to relax in your gazebo. There is a one car garage and also a sprinkler system. The side yard is large enough to hold a boat and there are boat launches located nearby. Extra blown in insulation was added in the attic approximately 2 years ago making the home more energy efficient. Furnishings convey, only personal items will be removed. This is the perfect home to enjoy personally, or use as a short term or long term rental. Don't miss out on this opportunity to own on Panama City Beach! Call your favorite Realtor today to view this home. All sizes are approximate, buyer to verify if important.

Details

Property type

Single Family Residence

Est. home value

$385,492

Lot size

6,375 sq ft

Price per sq ft

$397

Year built

1985

Annual property taxes

$3,399

HOA

No

Price History

09/14/2024
CentralPanhandle

CentralPanhandle #761412

Pending
$400,000
08/16/2024
CentralPanhandle

CentralPanhandle #761412

Listed
$400,000
05/29/2024
CentralPanhandle

CentralPanhandle #753209

Removed
$399,990

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

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

$90,870
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$277,130
Cash to seller
$90,870

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

Seller’s Loan History

Lender

Rocket Mortgage Llc

Loan start date

March 2022

Original loan amount

$290,848

Est. remaining balance

$277,130

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Mark Kenneth Loveland and Brooke Lynn Loveland

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: Pending/Under Contract

Tomo last checked: 09/16/2024 at 1:10 PM

Listing updated: 09/13/2024 at 10:19 PM

Listed by: Cindy J Hamre, Coastal Choice Realty LLC Phone #: (850) 215-4160

MLS: CentralPanhandle #761412

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