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$134,000

Beds
3
Baths
2.0
sq ft
1,319

6407 Lance St, Panama City, FL 32404

6407 Lance St

Panama City, FL 32404

  • Pending
    • Price drop $1,000↓
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS - closing date in MLS in not accurate and will depend on the Mortgage holder response to contract.***HIGHEST AND BEST DUE BY SUNDAY MARCH 2ND AT 5PM Investment opportunity for those looking for a project with potential. Severely damaged by Hurricane Michael in 2018, the home has been partially gutted and requires extensive repairs. The property is being sold AS-IS, Where-Is, with no repairs, cleanup, or debris removal to be provided by the seller.By entering the property, buyers and agents agree to hold harmless the seller and listing brokerage.Despite its current condition, this home is in a desirable location, just minutes from Tyndall Air Force Base, shopping, and restaurants in Callaway. Previously, the home featured three bedrooms, two baths, and a bonus room, offering additional space for an office, media room, or family area. A Florida room with wall-to-wall windows provided ample natural light, and an alleyway behind the home allowed convenient backyard access for boat or camper storage. A public boat ramp is located just one mile away, adding to the property's appeal for water enthusiasts.This WILL BE a short sale and will require lender approval. CASH ONLY.

Details

Property type

Single Family Residence

Est. home value

$227,264

Lot size

8,973 sq ft

Price per sq ft

$102

Year built

1981

Annual property taxes

$1,794

HOA

No

Price History

03/14/2025
CentralPanhandle

CentralPanhandle #769313

Pending
$134,000
02/28/2025
CentralPanhandle

CentralPanhandle #769313

Price change
$134,000
-0.74%
02/24/2025
CentralPanhandle

CentralPanhandle #769313

Listed
$135,000
+8%

Schools & Community

Elementary school: 

Parker

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

$15,055
Asking price
$134,000
Closing costs (~8% of asking)
-$10,720
Est. remaining loan balance
-$108,225
Cash to seller
$15,055

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

September 2017

Original loan amount

$127,686

Est. remaining balance

$108,225

Interest rate

3.93%

Loan type

VA, 30 year

Seller

Bradlee C Shoemake

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: Pending/Under Contract

Tomo last checked: 04/02/2025 at 5:50 AM

Listing updated: 03/14/2025 at 2:40 PM

Listed by: Alice de La Penha, Coldwell Banker Realty Phone #: (850) 234-6696

MLS: CentralPanhandle #769313

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