tomo logo

$385,000

Beds
5
Baths
2.5
sq ft
2,764

7115 Shimano Way, Panama City, FL 32404

7115 Shimano Way

Panama City, FL 32404

  • 168 days on market
    • Price drop $4,000↓
VERY MOTIVATED SELLERS!!!! Welcome to this updated 5-bedroom, 2.5-bathroom home located in a cul-de-sac just minutes from local beaches, grocery stores, and Tyndall Air Force Base. The first-floor master suite offers convenience and privacy, featuring an en suite bathroom with a relaxing soaker tub, double vanity, and ample space. Upstairs, you'll find four additional bedrooms, a full bathroom, and a large bonus living room - perfect additional living space. The open-concept main living area boasts brand new luxury vinyl plank (LVP) flooring, while plush new carpet adds comfort to all bedrooms. Step outside to enjoy the fully fenced backyard, offering plenty of space for outdoor activities.This home is perfect for those seeking comfort, convenience, and modern updates in a fantastic location.

Details

Property type

Single Family Residence

Est. home value

$344,753

Lot size

6,098 sq ft

Price per sq ft

$140

Year built

2019

Annual property taxes

$3,268

Monthly HOA fee

$70

Price History

02/12/2025
CentralPanhandle

CentralPanhandle #762399

Price change
$385,000
-1.03%
01/24/2025
CentralPanhandle

CentralPanhandle #762399

Price change
$389,000
-1.02%
12/13/2024
CentralPanhandle

CentralPanhandle #762399

Price change
$393,000
-0.51%

Schools & Community

Elementary school: 

Tommy Smith

Middle school: 

Merritt Brown

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

$5,864
Asking price
$385,000
Closing costs (~8% of asking)
-$30,800
Est. remaining loan balance
-$348,336
Cash to seller
$5,864

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

July 2022

Original loan amount

$362,496

Est. remaining balance

$348,336

Interest rate

5.09%

Loan type

VA, 30 year

Seller

Michael Lamont Corum and Audrey Marie Corum

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: 02/23/2025 at 1:20 AM

Listing updated: 02/12/2025 at 8:50 PM

Listed by: Heather A Cole, Keller Williams Realty Emerald Coast Phone #: (850) 654-2900

MLS: CentralPanhandle #762399

CentralPanhandle logo

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