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$465,689

Beds
3
Baths
2.0
sq ft
1,336

623 16th St, Panama City Beach, FL 32413

623 16th St

Panama City Beach, FL 32413

  • 35 days on market
    • Price drop $10,000↓
Situated in the tranquil neighborhood of Laguna Beach, this updated and renovated 3-bedroom, 2-bathroom home offers a perfect blend of comfort and style. Located just 0.3 miles from the beach and a short drive to 30A hotspots, this property is a coastal gem. Set on over half an acre of land with NO HOA restrictions, this home features a brand new modern kitchen with new appliances, shiplap walls, black granite countertops, and custom cabinets. The roof is less than 4 years old, and the backyard boasts a sprinkler system for easy maintenance. A Brand New Cooling and Heating split system with a Carrier smart home thermostat was installed in March 2024 for added comfort. The spacious living area flows seamlessly into the dining and kitchen space, creating an inviting atmosphere for gatherings. Luxury vinyl plank flooring runs throughout the home, which has been freshly painted inside and out. The primary bedroom includes a large ensuite bathroom, while the second bedroom offers generous space and closets. The Bedrooms all have Brand New Doors. The detached garage provides additional storage and parking space, while the newly added laundry room with a full-size washer and dryer offers convenience. Custom barn doors lead to the roomy third bedroom with a large custom-built closet. Outside, the expansive backyard is fully fenced with a 6-foot fence and features a vibrant custom PCB wall mural on the screened-in back patio. Entertain guests with the new above-ground pool, outdoor gathering spot, and custom-built one-hole putt-putt course that lights up at night with glow-in-the-dark golf balls and putters. Cozy up around the custom-built stone fire pit on chilly evenings and enjoy quality time with loved ones. The 1 car garage is cooled/heated and features painted walls and an epoxy floor. The property also includes Blink security cameras and doorbell for added security.Hot water Heater is 2 1/2 years old with an expansion tank Ample covered and open parking space is available to accommodate RVs, trailers, boats, and jet skis. Don't miss the opportunity to make this Laguna Beach oasis your own, where modern amenities, outdoor entertainment, and beachside living converge seamlessly.

Details

Property type

Est. home value

$471,348

Lot size

0.59 acres

Price per sq ft

$349

Year built

1985

Annual property taxes

$2,983

HOA

No

Price History

10/23/2024
CentralPanhandle

CentralPanhandle #763841

Price change
$465,689
-2.1%
10/15/2024
CentralPanhandle

CentralPanhandle #763841

Listed
$475,689
+1.23%
07/11/2024
CentralPanhandle

CentralPanhandle #756288

Removed
$469,900

Schools & Community

Elementary school: 

West Bay

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

$106,998
Asking price
$465,689
Closing costs (~8% of asking)
-$37,255
Est. remaining loan balance
-$321,436
Cash to seller
$106,998

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

Seller’s Loan History

Lender

Midwest Community Bank

Loan start date

April 2022

Original loan amount

$337,500

Est. remaining balance

$321,436

Interest rate

3.92%

Loan type

New Conventional, 30 year

Seller

John F Nelson Jr and Jerri L Nelson

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: 11/19/2024 at 3:35 PM

Listing updated: 11/11/2024 at 9:10 PM

Listed by: Cara J Garcia, Gulf Life Real Estate Inc Phone #: (850) 699-1996

MLS: CentralPanhandle #763841

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