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$375,000

Beds
1
Baths
1.0
sq ft
648

107 Surf Song Ln Unit B3, Miramar Beach, FL 32550

107 Surf Song Ln Unit B3

Miramar Beach, FL 32550

  • 94 days on market
    • Price drop $24,000↓
Nestled on a tranquil dead-end street, this stunning condo is your perfect beach retreat. Located just a mile from Destin and a block from the popular Pompano Joe's, it offers both convenience and charm. Proven to be a lucrative investment, this condo generates over $32k in rental income annually, making it not only a beautiful place to live but also a smart financial choice.The condo features low monthly HOA fees at just $450, and the association is healthy and well-managed. Recent upgrades include a full renovation in 2018 and a brand new AC unit installed in 2024. The interior is beautifully decorated with stylish and contemporary decor that will make you feel right at home.Part of the exclusive Surf Song Condos, this unit enjoys access to a swimming pool shared by only 16 units, ensuring a peaceful and private experience. With short-term rentals allowed, you have the flexibility to maximize your investment. Don't miss this opportunity to own a piece of paradise in a prime location, call to schedule your showing today!

Details

Property type

Condominium

Est. home value

$291,854

Lot size

Unknown

Price per sq ft

$579

Year built

1984

Annual property taxes

$1,362

Monthly HOA fee

$450

Price History

10/10/2024
CentralPanhandle

CentralPanhandle #760917

Price change
$375,000
-6.02%
08/05/2024
CentralPanhandle

CentralPanhandle #760917

Listed
$399,000
+256.25%
07/27/2018
EmeraldCoast

EmeraldCoast #801497

Sold
$112,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Park

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

$275,469
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$69,531
Cash to seller
$275,469

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

July 2018

Original loan amount

$78,400

Est. remaining balance

$69,531

Interest rate

4.54%

Loan type

New Conventional, 30 year

Seller

Jamie O Tanner and William Joseph Miles

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: 11/08/2024 at 7:20 AM

Listing updated: 10/10/2024 at 6:26 PM

Listed by: Lisa Forehand, Beach Properties Real Estate Phone #: (850) 227-2500

MLS: CentralPanhandle #760917

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