tomo logo

$1,050,000

Beds
4
Baths
3.0
sq ft
1,751

1111 Santa Rosa Blvd Unit 109, Fort Walton Beach, FL 32548

1111 Santa Rosa Blvd Unit 109

Fort Walton Beach, FL 32548

  • 77 days on market
    • Price drop $50,000↓
Your best beach life awaits! This 4 bedroom/3 bath end unit offers an incredible opportunity as a vacation rental or retirement retreat. With only five other 4 bedroom condos in the building, this unit is a rare treat you won't want to miss! Features include: open concept living space, granite countertops, breakfast bar, stainless steel appliances, tile floors, washer/dryer in unit, on site fitness room, and comes fully furnished. Rental income for 2023 was a combined $107,500. Inquire about preferred lender incentives and/or rate buy down!

Details

Property type

Condominium

Est. home value

$860,919

Lot size

Unknown

Price per sq ft

$600

Year built

2003

Monthly HOA fee

$2,217.98

Price History

10/30/2024
EmeraldCoast

EmeraldCoast #958685

Price change
$1,050,000
-4.55%
09/07/2024
EmeraldCoast

EmeraldCoast #958685

Listed
$1,100,000
+81.82%
09/18/2019
EmeraldCoast

EmeraldCoast #827473

Sold
$605,000

Schools & Community

Elementary school: 

Elliott Point

Middle school: 

Bruner

High school: 

Fort Walton Beach

Community features: 

Pool

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

$531,787
Asking price
$1,050,000
Closing costs (~8% of asking)
-$84,000
Est. remaining loan balance
-$434,213
Cash to seller
$531,787

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

Seller’s Loan History

Lender

Cardinal Financial Company Lp

Loan start date

September 2019

Original loan amount

$484,000

Est. remaining balance

$434,213

Interest rate

3.75%

Loan type

New Conventional, 30 year

Seller

Brian Megenity and Melanie Megenity

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?

Status: Active

Tomo last checked: 11/23/2024 at 12:00 PM

Listing updated: 11/19/2024 at 4:57 PM

Listed by: Real Impact Home Team, Keller Williams Realty Navarre Phone #: (850) 515-0250

MLS: EmeraldCoast #958685

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