tomo logo

$215,000

Beds
4
Baths
2.0
sq ft
1,792

81 Monarch Ln, Pensacola, FL 32503

81 Monarch Ln

Pensacola, FL 32503

  • Pending
    • Price drop $15,000↓
Check out this 1961 all-brick ranch-style home, priced below market value and with a lot of opportunity. Featuring original hardwood floors, this 3-bedroom, 2-bathroom property offers a lot of charm and practical updates. The layout includes a bonus room that could easily serve as a fourth bedroom, home office, or playroom, as well as a spacious flex room at the back, perfect for a game room or Florida room. Major updates have already been completed, including a roof (2019), HVAC system (2019), water heater (2021), and updated windows. Set on a large 0.27-acre lot, the property also includes a storage building and plenty of outdoor space to enjoy. Located in a great neighborhood, this home is close to schools and hospitals, making it ideal for families or anyone seeking convenience. With mostly cosmetic updates needed, this house offers a fantastic opportunity to add your personal style and truly make it your own. Don’t miss your chance to own this solid, well-maintained home in a sought-after location.

Details

Property type

Single Family Residence

Est. home value

$217,249

Lot size

Unknown

Price per sq ft

$120

Year built

1961

HOA

No

Price History

12/21/2024
Pensacola

Pensacola #655771

Pending
$215,000
12/07/2024
Pensacola

Pensacola #655771

Price change
$215,000
-6.52%
11/30/2024
Pensacola

Pensacola #655771

Listed
$230,000
+31.43%

Schools & Community

Elementary school: 

Holm

Middle school: 

Ferry Pass

High school: 

Washington

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

$192,451
Asking price
$215,000
Closing costs (~8% of asking)
-$17,200
Est. remaining loan balance
-$5,349
Cash to seller
$192,451

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

January 2024

Original loan amount

$5,407

Est. remaining balance

$5,349

Interest rate

6.95%

Loan type

FHA, 27 year

Seller

Tracy Jones and Shricker Nared

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
Pensacola
$230,000
4 bd
|
1.5 ba
|
1,725 sq ft
|
House

921 Twinbrook Ave, Pensacola, FL 32505

Pensacola
$239,000
4 bd
|
2 ba
|
1,485 sq ft
|
House

7705 Herrington Dr, Pensacola, FL 32534

Price drop
Pensacola
$229,000
4 bd
|
2 ba
|
1,278 sq ft
|
House

4513 Versailles Dr, Pensacola, FL 32505

Status: Pending/Under Contract

Tomo last checked: 12/22/2024 at 10:20 PM

Listing updated: 12/21/2024 at 2:00 PM

Listed by: Sean Killingsworth, EXP Realty, LLC Phone #: (888) 883-8509

MLS: Pensacola #655771

Pensacola logo

Recently listed in Pensacola

$335,000|4 bd|3.0 ba|House
$300,000|3 bd|2.0 ba|House
$345,000|3 bd|2.0 ba|House
$499,900|4 bd|3.0 ba|House
$299,000|3 bd|2.0 ba|House
$160,000|3 bd|2.0 ba|House
$299,500|3 bd|2.0 ba|House
$160,000|3 bd|1.5 ba|House
$729,000|4 bd|4.0 ba|Townhouse