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$369,000

Beds
3
Baths
2.0
sq ft
2,120

606 E 5th St, Panama City, FL 32401

606 E 5th St

Panama City, FL 32401

  • <1 day on market
Welcome to this charming 3-bedroom, 2-bath home in the highly sought-after community of The Cove. With 2,120 square feet of living space, this home offers a spacious main living area, original hardwood floors in dry areas, and a versatile bonus room that can serve as a second living space, office, or playroom.Situated on a large corner lot, the property features a generous yard and a 364 sq. ft. cottage with electricity, perfect for a guest suite, home office, or creative space. Storage is plentiful throughout the home, and the inviting front porch is ideal for seasonal decor.Conveniently located near shopping, restaurants, a marina, historic downtown, a hospital, and a fire station, this home combines charm, space, and an unbeatable location. Don't miss this incredible opportunity in The Cove!Chandelier in master and all curtains do not convey.

Details

Property type

Single Family Residence

Est. home value

$340,747

Lot size

0.32 acres

Price per sq ft

$175

Year built

1943

Annual property taxes

$4,849

HOA

No

Price History

03/18/2025
CentralPanhandle

CentralPanhandle #770558

Listed
$369,000
+17.14%
05/13/2022
CentralPanhandle

CentralPanhandle #719141

Sold
$315,000
+67.55%
08/09/2016
CentralPanhandle

CentralPanhandle #647719

Sold
$188,000
+14.01%

Schools & Community

Elementary school: 

Cherry Street

Middle school: 

Jinks

High school: 

Bay

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

$39,694
Asking price
$369,000
Closing costs (~8% of asking)
-$29,520
Est. remaining loan balance
-$299,786
Cash to seller
$39,694

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

Seller’s Loan History

Lender

Usaa Fsb

Loan start date

May 2022

Original loan amount

$315,000

Est. remaining balance

$299,786

Interest rate

4.42%

Loan type

VA, 30 year

Seller

John Kelly and Jessica Kelly

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?

Status: Active

Tomo last checked: 03/19/2025 at 12:25 AM

Listing updated: 03/18/2025 at 2:29 PM

Listed by: Michelle D Stewart, RE/MAX Freedom Phone #: (850) 806-2288

MLS: CentralPanhandle #770558

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