tomo logo

$489,000

Beds
3
Baths
2.5
sq ft
2,306

7501 Coleridge Rd, Panama City, FL 32404

7501 Coleridge Rd

Panama City, FL 32404

  • 49 days on market
Welcome to this serene and unique Bay county home nestled in a quiet neighborhood across the street from Callaway Bayou. The home is centrally located and is a short drive to Tyndall, within 15 Minutes, and within 25 Minutes to the beaches and the airport. This Energy Efficient residence, which includes $40K worth in Solar Panels, boasts approximately 2300 square feet of living space, on .44 acres, providing ample room for comfort and relaxation. The property also includes an additional, Over 1,000 SqFt insulated and AC cooled detached workshop which is 24x50 x10. This could also be a great space to store your boat or RV. The home and workshop are equipped with Solar panels, which provide very low energy usage. Solar panels will convey at Closing with No Additional Cost to Buyer. The main house features three bedrooms and two full bathrooms as well as a 1/2 bath off of the spacious kitchen. The home was totally renovated and updated with Granite countertops and LVT flooring in the kitchen, and has ceramic tile in the bathrooms and living area. This home also has plenty of space for entertaining family and guests with it's open floor plan and high ceilings in the living area, that flows well from the kitchen into the living and dining room areas. It also features a 10x40 climate controlled Bonus sunroom, which was added in 2019. This house also has plenty of storage and a nice pantry, and a large spacious utility room and an attached 2 car garage. Built originally in 1985, it underwent a complete makeover after Hurricane Michael in 2018. New construction in 2019 includes, New Roof, PEX plumbing, New Wiring, New Lighting, New duct work and New HVAC. The water heater was also replaced in 2021. The house attic was sprayed with foam insulation and has easy access pull down ladder. It has public water through the City of Callaway, and a new septic tank/drain field put in May 2018. All appliances are New and were installed in 2019.

Details

Property type

Single Family Residence

Est. home value

$494,534

Lot size

0.44 acres

Price per sq ft

$213

Year built

1985

Annual property taxes

$1,418

HOA

No

Price History

08/01/2024
CentralPanhandle

CentralPanhandle #760772

Listed
$489,000
+1.9%
06/26/2024
CentralPanhandle

CentralPanhandle #748044

Removed
$479,900
04/13/2024
CentralPanhandle

CentralPanhandle #748044

Price change
$479,900
-4%

Schools & Community

Elementary school: 

Callaway

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

$370,915
Asking price
$489,000
Closing costs (~8% of asking)
-$39,120
Est. remaining loan balance
-$78,965
Cash to seller
$370,915

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

October 2021

Original loan amount

$89,000

Est. remaining balance

$78,965

Interest rate

2.86%

Loan type

New Conventional, 20 year

Seller

Jerald A Chambliss and Karen Ann Chambliss

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?

Similar Homes Nearby

Price drop
CentralPanhandle
$560,900
3 bd
|
2.5 ba
|
2,421 sq ft
|
House

7734 Shadow Bay Dr, Panama City, FL 32404

CentralPanhandle
$435,000
3 bd
|
2 ba
|
2,638 sq ft
|
House

4014 Par Dr, Panama City, FL 32404

Price drop
CentralPanhandle
$534,900
3 bd
|
2 ba
|
2,234 sq ft
|
House

7732 Shadow Bay Dr, Panama City, FL 32404

Status: Active

Tomo last checked: 09/20/2024 at 2:30 AM

Listing updated: 08/01/2024 at 1:43 PM

Listed by: Kenneth Comeaux, LPT Realty LLC Phone #: (877) 366-2213

MLS: CentralPanhandle #760772

CentralPanhandle logo

Recently listed in Panama City