tomo logo

$529,000

Beds
1
Baths
1.0
sq ft
726

144 Spires Ln Unit 106, Santa Rosa Beach, FL 32459

144 Spires Ln Unit 106

Santa Rosa Beach, FL 32459

  • 33 days on market
RARE opportunity to invest in a CASHFLOWING investment property earning the highly desired 10% CAP RATE! This property has produced income over 10% of your investment for multiple years consecutively! Easy start up for new owners as it comes with a long list of REPEAT GUESTS! This unit sits directly across 30A from a Gulf Place DEEDED beach access point for your beach loving guests, and also has a private pool entrance from the condo's gated back patio for your guests that prefer convenience to a pool! Gulf Place features an immense amount of family friendly activities and adventures that are all within walking distance from the unit's front door! Inside, you'll notice the primary bedroom just inside the main entry. With a king-sized bed, a full closet, and access to the bathroom directly from the bedroom, your guests will feel completely at ease! The bathroom boasts a double vanity as well as a shower over a full-sized tub for the kids. Kiddos will love the built-in bunk beds, giving them and their parents ample space to unwind. The hallway opens into a beautifully updated kitchen space with stainless steel appliances, a flat top cooking range, two-toned modern cabinets, and a fridge with a bottom freezer. Tile backsplash makes clean up a breeze, and modern cabinet and drawer pulls give an air of sophistication. In addition, the fold-out dining table means that everyone can enjoy a meal together and that you have plenty of space to move around the kitchen. With the open kitchen and living floor plan, plus the windows and French doors that lead out to a cozy back porch, the living room area is social, comfortable, and functional. Whether on the couch or at the table, everyone is welcome! And did we mention the WASHER and DRYER? Yes, this condo includes a stackable washer and dryer to provide the ease of doing laundry in the unit after a long day in the sand and sun!

Details

Property type

Condominium

Est. home value

$617,528

Lot size

Unknown

Price per sq ft

$729

Year built

1996

Monthly HOA fee

$1,462

Price History

10/17/2024
EmeraldCoast

EmeraldCoast #961266

Listed
$529,000
-5.2%
10/10/2024
EmeraldCoast

EmeraldCoast #944869

Removed
$558,000
05/13/2024
EmeraldCoast

EmeraldCoast #944869

Price change
$558,000
-3.46%

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

Community features: 

Pool, Tennis Court(s)

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

$293,751
Asking price
$529,000
Closing costs (~8% of asking)
-$42,320
Est. remaining loan balance
-$192,929
Cash to seller
$293,751

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

June 2020

Original loan amount

$231,000

Est. remaining balance

$192,929

Interest rate

3.28%

Loan type

Not Provided, 20 year

Seller

Daniel J Brinkmann

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: 11/19/2024 at 6:40 AM

Listing updated: 11/14/2024 at 12:17 PM

Listed by: Justin E Townsend, Justin E Townsend, Justin E Townsend, Douglas Elliman Phone #: (561) 655-8600

MLS: EmeraldCoast #961266

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