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$395,000

Beds
1
Baths
1.0
sq ft
725

10513 Front Beach Rd Unit 1002, Panama City Beach, FL 32407

10513 Front Beach Rd Unit 1002

Panama City Beach, FL 32407

  • 314 days on market
    • Price drop $20,000↓
Priced well below appraised value, this 1 bedroom condo at Long Beach Towers is waiting for dreams to become reality. With the gorgeous backdrop of the emerald waters of the Gulf of Mexico plus a gated + secure resort style beachfront condominium situated near plenty of retail + restaurants right in the highly sought after Panama City Beach area. Long Beach offers an array of amenities, including 1400 linear feet of exclusive beach frontage, three pools (including a tropical lagoon-style pool surrounded by lush landscaping), three whirlpools, a fitness center, a poolside bar/grill, self-serve grills, beach services, and beach chair services. The condo has a rental history exceeding $32k, with substantial potential for increased earnings through thoughtful renovation. Seize the opportunity to own a piece of paradise in this sought-after community.

Details

Property type

Condominium

Est. home value

$464,815

Lot size

Unknown

Price per sq ft

$545

Year built

1996

Annual property taxes

$3,334

Monthly HOA fee

$1,062.78

Price History

06/20/2024
CentralPanhandle

CentralPanhandle #749123

Listed
$395,000
06/20/2024
CentralPanhandle

CentralPanhandle #749123

Removed
$395,000
02/13/2024
CentralPanhandle

CentralPanhandle #749123

Price change
$395,000
-4.82%

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Fitness Center

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

$166,314
Asking price
$395,000
Closing costs (~8% of asking)
-$31,600
Est. remaining loan balance
-$197,086
Cash to seller
$166,314

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

Seller’s Loan History

Lender

Franklin Bank & Trust Co

Loan start date

August 2019

Original loan amount

$228,000

Est. remaining balance

$197,086

Interest rate

3.73%

Loan type

New Conventional, 25 year

Seller

Jessie Keith Clinard and The Jessie Keith Clinard Revocable Trust

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: 09/20/2024 at 2:30 AM

Listing updated: 07/30/2024 at 6:43 PM

Listed by: Michael Tomlin, Coldwell Banker Realty Phone #: (850) 650-4563

MLS: CentralPanhandle #749123

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