tomo logo

$542,000

Beds
3
Baths
2.0
sq ft
1,344

1200 Cinnamon Beach Way Unit 1133, Palm Coast, FL 32137

1200 Cinnamon Beach Way Unit 1133

PALM COAST, FL 32137

  • 541 days on market
    • Price drop $900↓
Schedule your private tour today! Beautiful beachside community along the Atlantic Ocean, this Cinnamon Beach condo is situated on the lake and just steps away from private access to the beach! Cinnamon Beach at Ocean Hammock is a quaint Key West style community, the perfect coastal community with gorgeous beaches through boardwalk access, an oceanside pool AND a lakeside pool, a grille, fitness center, clubhouse, a cafe, splash zone, game rooms, and an adult center. The coastal flair in this furnished unit offers newer stainless steel appliances (2yrs old), granite counter in the kitchen, newer A/C (2yrs), plantation shutters, newer LVP flooring in living room, dining room, & hallways, and a spacious balcony for entertaining or having your morning coffee during a peaceful sunrise. 3 bedroom, 2 full bath, can easily accommodate 6 folks. The perfect vacation home for the family for years to come. Live here fulltime and take advantage of the Florida lifestyle year round! Close to Mala Compra MTB trails, Bings Landing, and shopping. Or use it yourself part-time and as a successful rental investment opportunity and enroll it in one of the multiple short term rental programs available. No rental restrictions. Enjoy these coastal breezes and unspoiled beaches in one of Florida's best kept secrets. This condo is in a short term rental program. AGENTS see Realtor Remarks for days and times available to show.

Details

Property type

Condominium

Est. home value

$532,002

Lot size

0.3 acres

Price per sq ft

$404

Year built

2004

Annual property taxes

$3,852

Monthly HOA fee

$665

Price History

07/18/2024
StellarMLS

StellarMLS #FC291563

Price change
$542,000
-0.17%
07/15/2024
StellarMLS

StellarMLS #FC291563

Price change
$542,900
-0.91%
05/17/2023
StellarMLS

StellarMLS #FC291563

Listed
$547,900
+70.16%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Fitness Center, Golf, Pool, Restaurant

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

$332,599
Asking price
$542,000
Closing costs (~8% of asking)
-$43,360
Est. remaining loan balance
-$166,041
Cash to seller
$332,599

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

December 2020

Original loan amount

$209,300

Est. remaining balance

$166,041

Interest rate

2.34%

Loan type

New Conventional, 16 year

Seller

Christopher Gerard Malles

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: 11/08/2024 at 10:55 AM

Listing updated: 10/24/2024 at 4:42 PM

Listed by: Angela Cerniglia, LPT REALTY LLC (PALM COAST) Phone #: (877) 366-2213

MLS: StellarMLS #FC291563

StellarMLS logo

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