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$400,000

Beds
3
Baths
2.0
sq ft
1,881

5803 Magnolia Beach Rd, Panama City, FL 32408

5803 Magnolia Beach Rd

Panama City, FL 32408

  • 16 days on market
This Is the one!! Conveniently close to the naval base and St. Andrew's State Park, this property offers both convenience and serenity. Enjoy the coastal lifestyle with easy access to shopping and dining options. Plus, take advantage of the opportunity for short-term rentals. Recent upgrades include new HVAC, water heater, LVP flooring, Interior and exterior paint, ceiling fans, fully upgraded kitchen with new appliances, garage doors, roof was replaced in 2018 and much more ensuring comfort and efficiency for years to come. An EXTRA LARGE flex living space with fireplace could easily be turned into a fourth bedroom. The artificial Turf makes this house a breeze to maintain. Everything has been done to this house making this the best deal on the beach and it wont last long! Schedule your showing today.

Details

Property type

Single Family Residence

Est. home value

$414,585

Lot size

8,538 sq ft

Price per sq ft

$213

Year built

1966

Annual property taxes

$3,717

HOA

No

Price History

12/04/2024
CentralPanhandle

CentralPanhandle #765855

Listed
$400,000
-2.2%
10/11/2024
CentralPanhandle

CentralPanhandle #756608

Removed
$409,000
07/20/2024
CentralPanhandle

CentralPanhandle #756608

Price change
$409,000
-2.39%

Schools & Community

Neighborhood: 

Upper 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

$64,215
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$303,785
Cash to seller
$64,215

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

Seller’s Loan History

Lender

Family First Funding Llc

Loan start date

March 2023

Original loan amount

$310,500

Est. remaining balance

$303,785

Interest rate

6.09%

Loan type

New Conventional, 30 year

Seller

Mikhail Kochetov and Kristina Ivanova

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: 12/22/2024 at 3:40 PM

Listing updated: 12/06/2024 at 12:00 PM

Listed by: Kelly L Killick, EXP Realty LLC Phone #: (888) 883-8509

MLS: CentralPanhandle #765855

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