tomo logo

$295,000

Beds
3
Baths
2.0
sq ft
1,498

8504 N Lagoon Dr, Panama City, FL 32408

8504 N Lagoon Dr

Panama City, FL 32408

  • 108 days on market
Short Term Rentals ALLOWED! Nestled in the heart of Panama City Beach, this charming property is an ideal investment or primary residence. With NO HOA fees and sold furnished, this 3 bedroom 2 bath unit is turn-key! It features a privacy fenced backyard that is complimented by an expansive NEW deck for entertaining. Both the primary bedroom and living room can access the backyard via sliding glass doors. New LVP throughout and a new HVAC were also recently added. Public Beach Access points are a short drive away, approximately 1 mile from your doorstep. PCB offers many attractions and this property is conveniently located for an easy commute. Two parking places are provided in from of unit but there is additional parking along the common drive next to N. Lagoon. If measurements deemed important, please verify.

Details

Property type

Est. home value

$317,995

Lot size

Unknown

Price per sq ft

$197

Year built

1984

Annual property taxes

$2,791

HOA

No

Price History

08/06/2024
CentralPanhandle

CentralPanhandle #760972

Listed
$295,000
+13.03%
06/13/2022
CentralPanhandle

CentralPanhandle #725967

Sold
$261,000
+59.15%
01/15/2020
CentralPanhandle

CentralPanhandle #691438

Sold
$164,000

Schools & Community

Neighborhood: 

Upper Grand Lagoon

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

$83,483
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$187,917
Cash to seller
$83,483

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

June 2022

Original loan amount

$195,000

Est. remaining balance

$187,917

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Kexin Li

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: 11/22/2024 at 11:05 PM

Listing updated: 10/21/2024 at 4:30 PM

Listed by: Tina Lamonica, Think Real Estate Phone #: (850) 270-4200

MLS: CentralPanhandle #760972

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