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$375,000

Beds
2
Baths
2.5
sq ft
1,280

7229 S Lagoon Dr, Panama City, FL 32408

7229 S Lagoon Dr

Panama City, FL 32408

  • 106 days on market
    • Price drop $10,000↓
Come see this amazing ''turn key'' townhouse, featuring 2 bedrooms, 2.5 bath located on one of the quietest sections on South Lagoon Drive. Across the street from the Lagoon and 3 blocks to the Gulf of Mexico. Rick Seltzer Park is just a few minutes walk or take a bike or golf cart and your flip flops to get to the sunshine! Two levels, with two bedrooms on the first floor and the living area, kitchen, dining, family room on the second floor. Also, on the second floor there's a large covered balcony for relaxing and entertaining. The first floor has a covered porch and privacy fenced backyard. No home owners association and minutes from many restaurants and entertaining. Ideal for primary residence or a vacation income property with a projected rental income of $40,000 a year! Come visit today!

Details

Property type

Townhouse

Est. home value

$410,134

Lot size

Unknown

Price per sq ft

$293

Year built

1983

HOA

No

Price History

10/16/2024
CentralPanhandle

CentralPanhandle #762349

Price change
$375,000
-2.6%
09/24/2024
CentralPanhandle

CentralPanhandle #762349

Price change
$385,000
-3.51%
09/06/2024
CentralPanhandle

CentralPanhandle #762349

Listed
$399,000
+14.66%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

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

$56,639
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$288,361
Cash to seller
$56,639

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 Bank Centre

Loan start date

August 2021

Original loan amount

$310,500

Est. remaining balance

$288,361

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Clint Olsen

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: 12/22/2024 at 10:40 AM

Listing updated: 10/16/2024 at 12:07 PM

Listed by: Clint Furney, Coldwell Banker Carroll Realty Phone #: (850) 249-8200

MLS: CentralPanhandle #762349

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