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$895,000

Beds
4
Baths
4.0
sq ft
1,637

10611 Front Beach Rd Unit 1403, Panama City Beach, FL 32407

10611 Front Beach Rd Unit 1403

Panama City Beach, FL 32407

  • 563 days on market
    • Price drop $20,000↓
ALL NEW PAINTED WALLS AND CECILINGS, CASH FLOW, Ocean Ritz, this fully furnished 4-bedroom 4 full bathroom condo is the rental machine you have been waiting for. It includes two Gulf Front master bedrooms that have direct access to the oversized balcony and two additional that include their own separate bathrooms. The kitchen is fully equipped and has stainless appliances, beautiful backsplash and shiplap. The spacious floorplan sleeps 12 and has ample seating and dining space for all guests. Ocean Ritz is a low density building in the heart of Panama City Beach. It has a PARKING SPACE (39) located directly under the building.

Details

Property type

Condominium

Est. home value

$862,706

Lot size

Unknown

Price per sq ft

$547

Year built

2006

Annual property taxes

$5,794.6

Monthly HOA fee

$1,075

Price History

12/02/2024
CentralPanhandle

CentralPanhandle #742553

Listed
$895,000
10/08/2024
CentralPanhandle

CentralPanhandle #742553

Removed
$895,000
03/23/2024
CentralPanhandle

CentralPanhandle #742553

Price change
$895,000
-2.19%

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Fitness Center, Park

Number of units in community: 

63

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

$552,286
Asking price
$895,000
Closing costs (~8% of asking)
-$71,600
Est. remaining loan balance
-$271,114
Cash to seller
$552,286

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

Seller’s Loan History

Lender

Better Mortgage Corporation

Loan start date

April 2021

Original loan amount

$344,529

Est. remaining balance

$271,114

Interest rate

2.34%

Loan type

New Conventional, 15 year

Seller

Ara J Hanissian Sr and Gina R Hanissian

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: 12/24/2024 at 8:20 AM

Listing updated: 12/06/2024 at 5:10 PM

Listed by: Mike Rylee, Beach Time Realty, Inc Phone #: (850) 381-3156

MLS: CentralPanhandle #742553

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