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$324,400

Beds
4
Baths
2.0
sq ft
1,632

5901 Magnolia Beach Rd, Panama City, FL 32408

5901 Magnolia Beach Rd

Panama City Beach, FL 32408

  • 222 days on market
    • Price drop $600↓
Motivated Seller - Bring offers. Living on Panama City Beach is a dream come true in this 4 bedroom with bonus room (that could be considered a 5th bedroom), 2 bath home close to Patronis Elementary, two grocery stores, St. Andrews State Park, lots of water activities along North Lagoon, and tons of restaurants. The home was remodeled in 2013 to convert a second living room area to add a 5th bedroom with a closet for the home owner, but is not reflected on the property appraiser. The covered porch with metal roof was added by the home owner in 2013. Other improvements include, whole house metal roof replacement in 2014, a backyard large storage building with loft on slab in 2013, water heater in 2018, complete air & heat unit in 2020, enlarged the circular driveway, enlarged the screened patio area, removed all carpet and added vinyl floor tiles in most rooms. The wood flooring needs to be replaced. There is a large slab on grade lofted storage shed built in the backyard for additional storage measures 12x16 ft.. This home is all brick on the exterior. The previous owner had completed some updates to the home making the effective year built 2002. There is a wood burning fireplace in the living room that the seller has never used. There are pet doors installed to allow pets to access the screened porch and one to the fully fenced backyard. A double gate allows the homeowner to access the backyard to store boats or camper if needed on a concrete pad.The large circular driveway allows for access to the home from Magnolia Beach Rd and Bruce. This home offers many options for families or could be a great rental option for multiple people to share space. The kitchen has granite counter tops and ceiling height cabinets. It is very spacious and open to the dining room which holds a very large dining table. The laundry room is located just off the single car garage. The master bathroom tub was updated to a walk in shower with handicap bar and seat. Panama City Beach has so much to offer and living close to Bay Point and many other great communities makes this home a valuable property to own. Come see today.

Details

Property type

Single Family Residence

Est. home value

$393,059

Lot size

8,538 sq ft

Price per sq ft

$199

Year built

1962

HOA

No

Price History

08/28/2024
CentralPanhandle

CentralPanhandle #752668

Price change
$324,400
-0.18%
08/01/2024
CentralPanhandle

CentralPanhandle #752668

Price change
$325,000
-7.14%
07/23/2024
CentralPanhandle

CentralPanhandle #752668

Price change
$350,000
-10.23%

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

$191,659
Asking price
$324,400
Closing costs (~8% of asking)
-$25,952
Est. remaining loan balance
-$106,789
Cash to seller
$191,659

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

Seller’s Loan History

Lender

Quicken Loans Llc

Loan start date

December 2020

Original loan amount

$116,600

Est. remaining balance

$106,789

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Nancy L Brannan

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: 09/21/2024 at 9:50 PM

Listing updated: 08/28/2024 at 12:19 PM

Listed by: Tammy E Snow, RC Real Estate Group Phone #: (850) 249-6100

MLS: CentralPanhandle #752668

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