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$200,000

Beds
Unknown
Baths
1.0
sq ft
434

116 Damon Cir Unit J, Panama City Beach, FL 32407

116 Damon Cir Unit J

Panama City Beach, FL 32407

  • 14 days on market
Welcome to Gulf Paradise 116, a charming studio in Gulf Highlands Beach Resort, Panama City Beach. Perfect for couples or small families, this unit sleeps four with a king bed and twin-over-twin bunk. The open layout includes a well-equipped kitchen, cozy living area, and in-unit washer/dryer for added convenience. Enjoy resort amenities like 11 pools (one beachfront and five seasonally heated), tennis courts, mini-golf, playgrounds, and private beach access just 0.28 miles away. Relax at the beachfront restaurant or explore nearby attractions, including the Shoppes at Edgewater, Shipwreck Island Waterpark, WonderWorks, and Pier Park, all within a short drive. With comfort, amenities, and a prime location, Gulf Paradise 116 is the ideal choice for a memorable beach getaway!

Details

Property type

Condominium

Est. home value

$171,637

Lot size

Unknown

Price per sq ft

$461

Year built

1989

Monthly HOA fee

$520

Price History

12/10/2024
CentralPanhandle

CentralPanhandle #766045

Listed
$200,000
+17.72%
06/06/2023
CentralPanhandle

CentralPanhandle #739924

Sold
$169,900

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

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

$58,792
Asking price
$200,000
Closing costs (~8% of asking)
-$16,000
Est. remaining loan balance
-$125,208
Cash to seller
$58,792

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

June 2023

Original loan amount

$127,425

Est. remaining balance

$125,208

Interest rate

6.39%

Loan type

New Conventional, 30 year

Seller

Connor Mcknight and Hunter Mcknight

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: 12/25/2024 at 3:15 AM

Listing updated: 12/11/2024 at 9:31 AM

Listed by: Horace A Hayden, Emerald Seascapes Properties LLC Phone #: (404) 831-3877

MLS: CentralPanhandle #766045

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