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305 Mandalay Dr, Pensacola, FL, 32507

$225,000

Home List Price

$2,672*

Closing Credit

4 Bedrooms
2 Full Baths
2,492 SqFt
$90/SqFt
House

Location

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305 Mandalay Dr, Pensacola$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Parking2 Car Garage, Detached, Front Entrance
Garage2 spaces
Year Built1947
HeatingNatural Gas, Wall/Window Unit(s)
CoolingCentral Air, Wall/Window Unit(s), Ceiling Fan(s), Whole House Fan
MLS #640401
Lot Size0.34 Acres
StatusActive

About 305 Mandalay Dr

REDUCED $25,000. This Lakewood property is a great opportunity, especially with the recent $25,000 reduction. It has been through probate and is now ready for new ownership. The home features well-maintained essentials like a new roof, windows, HVAC, and a home generator. While the interior and exterior are primed for a complete makeover, the property boasts a spacious corner lot that is fully fenced. Additionally, theres a two-story detached garage, which includes a two-bedroom, one-bath apartment above it—ideal for rental income or accommodating extended family and guests. This offers plenty of possibilities for investors or those considering a rehab loan.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1947
  • Stories: 1
  • Living Area: 2,492 SqFt

Listing Office:

  • Office Name: Phoenix Realty NWFL, LLC
  • Office Phone: (850) 741-4938
  • Listing Agent: Bob Briscoe

Interior Features

Interior Information:

  • Appliances: Gas Water Heater, Dishwasher, Refrigerator
  • Flooring Type: Hardwood, Vinyl, Carpet
  • Interior: Storage, Baseboards, Bookcases, Ceiling Fan(s), High Speed Internet, In-Law Floorplan

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Parking: 2 Car Garage, Detached, Front Entrance

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Wall/Window Unit(s)
  • Cooling: Central Air, Wall/Window Unit(s), Ceiling Fan(s), Whole House Fan

Other

Directions Information:

  • Directions: From Barrancas Ave, Turn north on Lakewood, right on Lakewood again, turns into Mandalay Dr, house on left of corner of Hermey and Mandalay Dr.

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $90/SqFt

Tax Information:

  • Annual Amount: $748
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Pensacola, FL.

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Pensacola, FL

City

Med. Sold Price

$286.5K

Med. Price/SqFt

$177

Avg. Days On Market

62

# of Sold Homes

314

305 Mandalay Dr vs Pensacola

110 DAYS ON ROCKET

+48 Days

$225,000

-$61.5K Less

$90/SqFt

-$88 Less

KEY TAKEAWAY

This property is $61.5K less than the Median Sold Price and $88/SqFt less than other homes in Pensacola, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Pensacola MLS
  • MLS Number: #640401

Listing Office:

  • Office Name: Phoenix Realty NWFL, LLC
  • Office Phone: (850) 741-4938
  • Listing Agent: Bob Briscoe

Copyright © 2024 by the Multiple Listing Service of the Pensacola Association of REALTORS® This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the Pensacola Association of REALTORS®. Florida recognizes single and transaction agency relationships. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 4:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$748$75,643
2019$743$73,943
2018$749$72,565

History based on county public records data.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-827974
1
/10

  • Warrington Elementary School

  • 220 N Navy Blvd

  • 1.19 miles

  • Public District Grades PK-5

school-card-donut-827975
1
/10

  • Global Learning Academy

  • 100 N P St

  • 1.45 miles

  • Public District Grades PK-5

school-card-donut-827976
3
/10

  • West Pensacola Elementary School

  • 801 N 49th Ave

  • 1.95 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,528. Most Pensacola, FL residents have annual incomes less than $35k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 305 Mandalay Dr

What is the listing price of this property?

The listing price of 305 Mandalay Dr property is $225,000.

What type of property is this?

The property 305 Mandalay Dr is a house located in Pensacola, Florida, 32507.

Is this property for sale now?

Active Listing: 305 Mandalay Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $748 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 305 Mandalay Dr has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 305 Mandalay Dr is 2,492 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 305 Mandalay Dr is 1947.

Rocket Homes›Florida›Escambia County›Pensacola›32507›305 Mandalay Dr

This home is located at 305 Mandalay Dr in Pensacola, FL and zip code 32507 in the Warrington neighborhood. This 2,492 square foot home, which was built in 1947, sits on a 0.34 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 30, 2024 and is currently priced at $225,000.

In October 2024 more than 36 listings in Pensacola, FL were sold above the asking price. During the same period more than 85 listings were sold at asking price, while more than 163 were sold below. The inventory of homes for sale in Pensacola, FL between September 2024 and October 2024 increased by 4.3%. While the average time on the market in October 2024 was 62 days, the median list price was $286,592.

From Rocket Homes Real Estate and based on county public records data.

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