tomo logo

$220,000

Beds
2
Baths
2.0
sq ft
968

1 Pine Ridge Trce, Destin, FL 32541

1 Pine Ridge Trce

Destin, FL 32541

  • 4 days on market
This HUD REO presents a great opportunity live in the heart of Destin and not break the bank. This 2 bed 2 full bath single story Townhouse was built in 1984, and is an end unit with a large yard that is not typical for most Townhomes. Home has tiled floors, vaulted ceilings, and tiled showers. Much of the unit was updated at some time in the past and with just a little bit of work can shine. A definite must see if looking to be in the heart of Destin. This home is FHA insurable with escrow (IE).

Details

Property type

Townhouse

Est. home value

$258,551

Lot size

3,049 sq ft

Price per sq ft

$228

Year built

1984

Price History

10/11/2024
EmeraldCoast

EmeraldCoast #960888

Listed
$220,000
-18.49%
10/05/2022
EmeraldCoast

EmeraldCoast #901242

Sold
$269,900

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Fort Walton Beach

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

-$50,775
Asking price
$220,000
Closing costs (~8% of asking)
-$17,600
Est. remaining loan balance
-$253,175
Cash to seller
-$50,775

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

October 2022

Original loan amount

$260,892

Est. remaining balance

$253,175

Interest rate

5.13%

Loan type

FHA, 30 year

Seller

Carter L Phillips

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?

Status: Active

Tomo last checked: 10/15/2024 at 1:15 PM

Listing updated: 10/11/2024 at 9:26 AM

Listed by: Cosmo M Spellings, Cosmo Spellings, Cosmo Spellings, Cosmo Spellings, Cosmo Spellings, Assurance Realty of NWFL LLC Phone #: (850) 306-3989

MLS: EmeraldCoast #960888

EmeraldCoast logo

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