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$410,000

Beds
2
Baths
2.0
sq ft
1,525

1600 Marina Bay Dr Unit 507, Panama City, FL 32409

1600 Marina Bay Dr Unit 507

Southport, FL 32409

  • 289 days on market
    • Price drop $15,000↓
PROPERTY ELIGIBLE FOR 100% 30YR FIXED FINANCING. Make this your primary home or the perfect ''get away from it all'' second home with beautiful panoramic Bay views and sunsets from nearly EVERY ROOM. Brand new 4 ton A/C unit installed August 2024! 507 is 5th floor and center offering the best of the best Bay Views! Gated for security and privacy with one assigned oversized covered parking space, plenty of extra parking for you and your guests, community room, fitness room, a heated pool, hot tub, private beach, and pier! This 2BD/2BA condo has newer wood look tile in the living area, granite and stainless in the kitchen, large closets, an oversized laundry room - a must see today!

Details

Property type

Condominium

Est. home value

$452,350

Lot size

Unknown

Price per sq ft

$269

Year built

2001

Annual property taxes

$3,791

Monthly HOA fee

$622

Price History

11/03/2024
CentralPanhandle

CentralPanhandle #753926

Price change
$410,000
-3.53%
09/03/2024
CentralPanhandle

CentralPanhandle #753926

Listed
$425,000
09/02/2024
CentralPanhandle

CentralPanhandle #753926

Removed
$425,000

Schools & Community

Elementary school: 

Southport

Middle school: 

Deane Bozeman

High school: 

Deane Bozeman

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

$225,353
Asking price
$410,000
Closing costs (~8% of asking)
-$32,800
Est. remaining loan balance
-$151,847
Cash to seller
$225,353

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

Seller’s Loan History

Lender

Centennial Bank

Loan start date

October 2020

Original loan amount

$200,000

Est. remaining balance

$151,847

Interest rate

2.54%

Loan type

New Conventional, 15 year

Seller

Diana E Snider

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: 12/23/2024 at 4:45 AM

Listing updated: 12/20/2024 at 12:00 PM

Listed by: Betsy E Daniels, CENTURY 21 Commander Realty Phone #: (850) 769-8326

MLS: CentralPanhandle #753926

CentralPanhandle logo

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