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$395,000

Beds
2
Baths
2.5
sq ft
1,158

5720 Beach Dr, Panama City, FL 32408

5720 Beach Dr

Panama City Beach, FL 32408

  • 154 days on market
    • Price drop $4,000↓
    • Open house Sep 21
This Beach Townhouse is located in the South Lagoon area, just blocks from the Gulf of Mexico. This is a great income producing property with no HOA and in flood zone X. This 2 bedroom 2 1/2 bath townhouse ready for you or visitors to enjoy all that Panama City Beach has to offer! From the master bedroom balcony you can enjoy view of the Gulf. The unit is fully furnished. The Roof was replaced in 2019 and new HVAC system and appliances in 2021. A small privacy fenced yard is maintenance free! Contact your favorite Realtor for times available to view the unit. All sizes are approximate, buyer to verify if important.

Details

Property type

Est. home value

$360,667

Lot size

3,000 sq ft

Price per sq ft

$342

Year built

2000

Annual property taxes

$2,272

HOA

No

Price History

07/25/2024
CentralPanhandle

CentralPanhandle #755903

Price change
$395,000
-1%
04/18/2024
CentralPanhandle

CentralPanhandle #755903

Listed
$399,000
+14%
04/14/2023
CentralPanhandle

CentralPanhandle #736464

Sold
$350,000
+113.81%

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

$6,621
Asking price
$395,000
Closing costs (~8% of asking)
-$31,600
Est. remaining loan balance
-$356,779
Cash to seller
$6,621

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

Seller’s Loan History

Lender

Centennial Bank

Loan start date

April 2023

Original loan amount

$362,600

Est. remaining balance

$356,779

Interest rate

6.5%

Loan type

VA, 30 year

Seller

Clay Jarred Walker and Barbara Walker

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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6211 S Lagoon Dr Unit A, Panama City, FL 32408

Status: Active

Tomo last checked: 09/19/2024 at 10:55 PM

Listing updated: 09/18/2024 at 7:09 PM

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

MLS: CentralPanhandle #755903

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