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$549,900

Beds
4
Baths
2.0
sq ft
2,292

5701 S Lagoon Dr, Panama City, FL 32408

5701 S Lagoon Dr

Panama City Beach, FL 32408

  • 124 days on market
    • Price drop $35,100↓
Welcome to your dream home! This charming 4 bedroom, 2 bathroom home is nestled in a quiet neighborhood on the beautiful Grand Lagoon and is just a short walk or golf cart ride to the beach. This prime location is zoned for short-term rentals. Featuring tile floors and an airy and open layout, this home also features a modern kitchen, spacious bedrooms and updated bathrooms. A two car garage and large utility area provides convenience and additional storage. Unwind in the hot tub in the spacious, fenced-in backyard which also features an air conditioned cabana that can be used for as a bedroom, office space or additional storage. The roomy backyard has room for a pool; plans can be provided. The backyard also offers fully upgraded electrical for the hot tub and cabana, and power is in place for a pool. This home is a sanctuary where you and your guests can create lasting memories!

Details

Property type

Single Family Residence

Est. home value

$558,634

Lot size

6,534 sq ft

Price per sq ft

$240

Year built

1983

HOA

No

Price History

06/27/2024
CentralPanhandle

CentralPanhandle #757347

Price change
$549,900
-6%
06/12/2024
CentralPanhandle

CentralPanhandle #757347

Price change
$585,000
-2.34%
05/20/2024
CentralPanhandle

CentralPanhandle #757347

Listed
$599,000
+15.41%

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

$97,489
Asking price
$549,900
Closing costs (~8% of asking)
-$43,992
Est. remaining loan balance
-$408,419
Cash to seller
$97,489

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

Seller’s Loan History

Lender

Homexpress Mortgage Corp

Loan start date

June 2022

Original loan amount

$416,000

Est. remaining balance

$408,419

Interest rate

5.1%

Loan type

New Conventional, 40 year

Seller

John Patrick Russell

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: 09/19/2024 at 6:05 PM

Listing updated: 06/27/2024 at 11:03 AM

Listed by: Clint Furney, Coldwell Banker Carroll Realty Phone #: (850) 249-8200

MLS: CentralPanhandle #757347

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