tomo logo

$799,000

Beds
4
Baths
3.0
sq ft
2,356

5826 Highway 2297, Panama City, FL 32404

5826 Highway 2297

Panama City, FL 32404

  • 422 days on market
    • Price drop $26,000↓
BAYFRONT/PRIVATE BOAT LAUNCH/GUEST HOUSE-Enjoy living directly on the bay for less than a million and No HOA! The home is currently a vacation rental with good numbers, but could be a primary residence or a second home. This gorgeous property with majestic southern live oak trees even comes with its' own boat launch, so you don't have to drive to launch your boat. 155 feet of waterfront directly on the bay and about 0.89 of an acre with sunrises and sunsets that will leave you breathless.The main house is 1852 sq. ft. with 3 bedrooms and 2 baths. The guest house is 504 sq. ft. with 2 loft bedrooms and 1 full bath. The main house has been totally updated with beamed ceilings, LVP and tile flooring throughout. The chef's kitchen has a gas stove, white cabinets, suede finished granite countertops, a down draft fan at the gas stove, Thermador double ovens, stainless steel appliances, a farm sink, and tons of cabinet.

Details

Property type

Single Family Residence

Est. home value

$882,183

Lot size

0.89 acres

Price per sq ft

$340

Year built

1970

Annual property taxes

$5,157

HOA

No

Price History

11/20/2024
CentralPanhandle

CentralPanhandle #748476

Price change
$799,000
-3.15%
10/22/2024
CentralPanhandle

CentralPanhandle #748476

Price change
$825,000
-2.94%
06/17/2024
CentralPanhandle

CentralPanhandle #748476

Listed
$850,000

Schools & Community

Elementary school: 

Callaway

Middle school: 

Rutherford Middle

High school: 

Rutherford

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

$147,018
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$588,062
Cash to seller
$147,018

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

May 2022

Original loan amount

$616,250

Est. remaining balance

$588,062

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Jesse P Houghton

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: 12/23/2024 at 5:45 AM

Listing updated: 11/20/2024 at 10:59 AM

Listed by: Shaunet S Nicholas, Lokation Phone #: (954) 545-5583

MLS: CentralPanhandle #748476

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