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$360,667Estimated home value

Beds
2
Baths
2.5
sq ft
1,158

5720 Beach Dr, Panama City, FL 32408

5720 Beach Dr

Panama City Beach, FL 32408

  • Sold On 4/15/2023
CURRENTLY UNDER CONTRACT. SELLER WILL CONSIDER ALL BACK UP OFFERS. Great opportunity to own a beautiful townhome as a primary, second home or investment and just two blocks to the beach! Located at the quiet east end of Thomas Dr. and South Lagoon area near the marinas and restaurants! The owner has taken exceptional care of this property and presently on the Airbnb rental program grossing over $37,000 in 2022 and comes fully furnished and turn key ready. No HOA to worry about either.The roof was replaced in 2019 and new AC system and all appliances replaced in 2021. Both bedrooms upstairs have their own bathroom and master bedroom has a view of the gulf from the balcony. Beautifully landscaped backyard is maintenance free and has a privacy fence.

Details

Property type

Townhouse

Est. home value

$360,667

Lot size

3,049 sq ft

Price per sq ft

$324

Year built

2000

Annual property taxes

$1,676

HOA

No

Price History

12/21/2024
CentralPanhandle

CentralPanhandle #755903

Removed
$395,000
07/25/2024
CentralPanhandle

CentralPanhandle #755903

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

CentralPanhandle #755903

Listed
$399,000
+14%

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

-$10,696
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$355,696
Cash to seller
-$10,696

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

$355,696

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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Status: Off Market

Tomo last checked: 12/23/2024 at 2:00 AM

Listing updated: 09/24/2024 at 11:21 PM

Listed by: Merrie D Allen, Coldwell Banker Carroll Realty Phone #: (850) 249-8200

MLS: CentralPanhandle #736464

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