tomo logo

$385,000

Beds
5
Baths
3.0
sq ft
2,574

5497 Merlin Way, Milton, FL 32583

5497 Merlin Way

Milton, FL 32583

  • 5 days on market
The price is right for this 2 story, 5 bedroom, 3 full baths home on the largest lot in the subdivision. Enter the spacious foyer into the kitchen and living area with luxury vinyl plank flooring in the living areas and carpets in the bedrooms. The kitchen has granite countertops, stainless steel appliances, an island, a pantry, a dining area and exits to the rear of the home onto the deck. There is 1 bedroom and 1 bathroom on the first floor and 4 bedrooms, 2 bathrooms and an additional living area upstairs. The spacious master suite has a beautiful walk-in closet off of the bathroom with a double vanity, and large shower. The solar panels (paid in full) have reduced the energy costs by 50%! There is a Smart Home System Technology Package and fabric hurricane window protection panels. There is a storage/utility shed in the expansive, fully fenced back yard.

Details

Property type

Single Family Residence

Est. home value

$380,796

Lot size

Unknown

Price per sq ft

$150

Year built

2021

Monthly HOA fee

$35.67

Price History

01/17/2025
Pensacola

Pensacola #657730

Listed
$385,000
+1.32%
07/21/2023
Pensacola

Pensacola #625923

Sold
$380,000
+11.8%
06/30/2021
Pensacola

Pensacola #587842

Sold
$339,900

Schools & Community

Elementary school: 

Bennett C Russell

Middle school: 

Avalon

High school: 

Milton

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

$55,106
Asking price
$385,000
Closing costs (~8% of asking)
-$30,800
Est. remaining loan balance
-$299,094
Cash to seller
$55,106

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

July 2023

Original loan amount

$304,000

Est. remaining balance

$299,094

Interest rate

6.79%

Loan type

New Conventional, 30 year

Seller

Nicholas Vanderpyle and Shannon Vanderpyle

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: 01/22/2025 at 1:10 PM

Listing updated: 01/17/2025 at 8:40 PM

Listed by: James Gilbert, KELLER WILLIAMS REALTY GULF COAST Phone #: (850) 471-5000

MLS: Pensacola #657730

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