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$414,585Estimated home value

Beds
3
Baths
2.0
sq ft
1,832

5803 Magnolia Beach Rd, Panama City, FL 32408

5803 Magnolia Beach Rd

Panama City Beach, FL 32408

  • Sold On 3/20/2023
    • Price drop $29,901↓
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS Charming Beach Home in move-in condition, within 2 miles of St. Andrew State Park and within walking distance to many of our famous restaurants, shopping, and area attractions. This centrally located home, located on the less congested east end, has so much to offer with so many quant touches. The front of the home features a fenced-in courtyard, where you can enjoy your morning coffee . As you walk through the front door you can feel the amount of space this home has. The living room is to the immediate right, with the dining room straight ahead, with direct access to the covered porch. The kitchen has been **Enter on

Details

Property type

Single Family Residence

Est. home value

$414,585

Lot size

8,400 sq ft

Price per sq ft

$192

Year built

1966

Annual property taxes

$3,060

HOA

No

Price History

03/02/2025
CentralPanhandle

CentralPanhandle #765855

Removed
$375,000
02/13/2025
CentralPanhandle

CentralPanhandle #765855

Price change
$375,000
-3.85%
01/02/2025
CentralPanhandle

CentralPanhandle #765855

Price change
$390,000
-2.5%

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

$19,233
Asking price
$349,999
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$302,766
Cash to seller
$19,233

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

$302,766

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: Off Market

Tomo last checked: 04/02/2025 at 5:40 AM

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

Listed by: Cynthia Chavira, Own It Real Estate LLC Phone #: (850) 867-0506

MLS: CentralPanhandle #733030

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