tomo logo

$699,000

Beds
2
Baths
2.0
sq ft
1,326

10515 Front Beach Rd Unit 1104, Panama City Beach, FL 32407

10515 Front Beach Rd Unit 1104

Panama City Beach, FL 32407

  • 326 days on market
    • Price drop $26,000↓
Earning over $57,000 in rental income throughout 2022, this 2-bedroom condominium in Long Beach Towers offers a lucrative opportunity for investors, potential second homeowners, or those seeking a primary residence. Nestled against the stunning backdrop of the emerald Gulf of Mexico, this secure and gated resort-style beachfront property is strategically situated in the highly sought-after Panama City Beach area, surrounded by numerous retail and dining options. Long Beach presents a wealth of amenities, including 1400 linear feet of exclusive beachfront, three pools (including a tropical lagoon-style pool embraced by lush landscaping), three whirlpools, a fully-equipped fitness center, a poolside bar/grill, convenient self-serve grills, beach services, and beach chair amenities. Don't miss the opportunity to transform your investment aspirations into reality with this exceptional property.

Details

Property type

Condominium

Est. home value

$682,955

Lot size

Unknown

Price per sq ft

$528

Year built

1998

Annual property taxes

$5,035

Monthly HOA fee

$1,848.36

Price History

06/20/2024
CentralPanhandle

CentralPanhandle #749201

Listed
$699,000
06/20/2024
CentralPanhandle

CentralPanhandle #749201

Removed
$699,000
02/13/2024
CentralPanhandle

CentralPanhandle #749201

Price change
$699,000
-3.59%

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

$366,786
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$276,294
Cash to seller
$366,786

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

March 2019

Original loan amount

$320,000

Est. remaining balance

$276,294

Interest rate

4.41%

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
$715,000
2 bd
|
2 ba
|
1,326 sq ft
|
Condo

10509 Front Beach Rd Unit 103, Panama City Beach, FL 32407

CentralPanhandle
$654,900
2 bd
|
2 ba
|
1,183 sq ft
|
Condo

10519 Front Beach Rd Unit 501A, Panama City Beach, FL 32407

Price drop
CentralPanhandle
$599,000
2 bd
|
2 ba
|
1,183 sq ft
|
Condo

10519 Front Beach Rd Unit 2201A, Panama City Beach, FL 32407

Status: Active

Tomo last checked: 10/05/2024 at 3:20 AM

Listing updated: 09/28/2024 at 6:59 PM

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

MLS: CentralPanhandle #749201

CentralPanhandle logo