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$450,000

Beds
3
Baths
2.0
sq ft
1,674

7109 Melissa Elaine Dr, Panama City Beach, FL 32407

7109 Melissa Elaine Dr

Panama City Beach, FL 32407

  • 70 days on market
    • Price drop $15,000↓
POOL HOME less than 4 miles to public beach access and less than 3 miles to public boat ramp. Vaulted living room with fireplace and master suite overlooks the pool and backyard. Fenced backyard with great green space for everyone to enjoy! Over $75k in updates (roof, HVAC, fence, gutters, pool cage, pool filter pump, appliances, shower, and more!). Endless hot showers with your Tankless Water heater. Less than 4 miles to Wonderworks, Ripley's, ZooWorld, and more! There is no shortage of things to do in Panama City Beach and what a great home to enjoy living in paradise! Seller will consider flooring allowance with reasonable offers.

Details

Property type

Single Family Residence

Est. home value

$429,313

Lot size

7,841 sq ft

Price per sq ft

$269

Year built

2004

Monthly HOA fee

$18.75

Price History

08/14/2024
CentralPanhandle

CentralPanhandle #760294

Price change
$450,000
-3.23%
08/05/2024
CentralPanhandle

CentralPanhandle #760294

Price change
$465,000
+33.24%
08/05/2024
CentralPanhandle

CentralPanhandle #760294

Price change
$349,000
-24.95%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

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

-$2,064
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$416,064
Cash to seller
-$2,064

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

July 2022

Original loan amount

$430,000

Est. remaining balance

$416,064

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Sally Wangari Kabugwa and Thomas Mclaughlin

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: 10/05/2024 at 3:25 AM

Listing updated: 09/26/2024 at 11:11 PM

Listed by: Kira T Asinas, EXP Realty LLC Phone #: (888) 883-8509

MLS: CentralPanhandle #760294

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