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

  • 1 day 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

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

$292,967
Asking price
$529,000
Closing costs (~8% of asking)
-$42,320
Est. remaining loan balance
-$193,713
Cash to seller
$292,967

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

$193,713

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?

Status: Active

Tomo last checked: 10/18/2024 at 6:15 AM

Listing updated: 10/17/2024 at 10:20 AM

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

MLS: EmeraldCoast #961266

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