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$590,000

Beds
2
Baths
2.0
sq ft
1,183

10519 Front Beach Rd Unit 1201A, Panama City Beach, FL 32407

10519 Front Beach Rd Unit 1201A

Panama City Beach, FL 32407

  • 104 days on market
    • Price drop $40,000↓
Welcome to your dream investment opportunity a 2Bed/2Bath beachfront condo unit with newly upgraded floors and a track record of excellent rental income. Located in the heart of coastal paradise, this property offers the perfect blend of luxury and seaside living. Step inside to discover a spacious and sunlit living area, adorned with brand-new hardwood floors that glisten in the natural light. The open-concept layout seamlessly connects the living, dining and kitchen areas creating an inviting space for relaxation and entertainment This condo unit offers the ultimate beachfront lifestyle with direct access to the sandy shores just steps from your door. Additional amenities include a swimming pool, fitness center and covered parking for your convenience. Seize the chance to own a beachfront haven with newly upgraded floors and a proven record of rental success. This is your opportunity to combine luxurious living with a smart investment!

Details

Property type

Condominium

Est. home value

$612,403

Lot size

Unknown

Price per sq ft

$499

Year built

2004

Annual property taxes

$5,433

Monthly HOA fee

$633.33

Price History

06/22/2024
CentralPanhandle

CentralPanhandle #754697

Price change
$590,000
-6.35%
03/23/2024
CentralPanhandle

CentralPanhandle #754697

Listed
$630,000
+80.77%
11/22/2019
CentralPanhandle

CentralPanhandle #689030

Sold
$348,500
+48.3%

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, 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

$257,887
Asking price
$590,000
Closing costs (~8% of asking)
-$47,200
Est. remaining loan balance
-$284,913
Cash to seller
$257,887

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

Seller’s Loan History

Lender

Fbt Mortgage Llc

Loan start date

November 2019

Original loan amount

$313,650

Est. remaining balance

$284,913

Interest rate

3.65%

Loan type

New Conventional, 30 year

Seller

Gurudutta Mohanty and Mahesh Kumar Vallamsetty

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: 07/06/2024 at 1:15 AM

Listing updated: 06/22/2024 at 1:48 AM

Listed by: Shakhodat Talipova, Engel & Volkers 30A Beaches Phone #: (850) 213-2800

MLS: CentralPanhandle #754697

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