tomo logo

$429,000

Beds
1
Baths
1.0
sq ft
725

10515 Front Beach Rd Unit 102, Panama City Beach, FL 32407

10515 Front Beach Rd Unit 102

Panama City Beach, FL 32407

  • 313 days on market
    • Price drop $21,000↓
Generating nearly $50k in rental revenue throughout 2022, this 1-bedroom condo within Long Beach Towers presents a lucrative opportunity for your investment aspirations as well as a second home or primary residence. Positioned against the breathtaking backdrop of the emerald Gulf of Mexico, this secure and gated resort-style beachfront property is ideally located in the highly coveted Panama City Beach area, surrounded by a plethora of retail and dining options. Long Beach boasts an array of amenities, including 1400 linear feet of exclusive beachfront, three pools (including a tropical lagoon-style pool embraced by lush landscaping), three whirlpools, a well-equipped fitness center, a poolside bar/grill, convenient self-serve grills, beach services, and beach chair amenities. Seize the chance to turn your investment dreams into reality with this exceptional property.

Details

Property type

Condominium

Est. home value

$465,877

Lot size

Unknown

Price per sq ft

$592

Year built

1998

Annual property taxes

$3,334

Monthly HOA fee

$1,047.14

Price History

08/08/2024
CentralPanhandle

CentralPanhandle #749163

Listed
$429,000
07/30/2024
CentralPanhandle

CentralPanhandle #749163

Pending
$429,000
06/20/2024
CentralPanhandle

CentralPanhandle #749163

Listed
$429,000

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Fitness Center, Gated

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

$197,594
Asking price
$429,000
Closing costs (~8% of asking)
-$34,320
Est. remaining loan balance
-$197,086
Cash to seller
$197,594

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?

Similar Homes Nearby

Price drop
CentralPanhandle
$395,000
1 bd
|
1 ba
|
725 sq ft
|
Condo

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

Price drop
CentralPanhandle
$460,000
1 bd
|
1 ba
|
725 sq ft
|
Condo

10509 Front Beach Rd Unit 1105, Panama City Beach, FL 32407

Price drop
CentralPanhandle
$385,000
1 bd
|
1 ba
|
725 sq ft
|
Condo

10509 Front Beach Rd Unit 605, Panama City Beach, FL 32407

Status: Active

Tomo last checked: 09/20/2024 at 4:30 AM

Listing updated: 08/08/2024 at 4:13 PM

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

MLS: CentralPanhandle #749163

CentralPanhandle logo