tomo logo

$239,900

Beds
3
Baths
2.0
sq ft
1,225

1607 Cape Cod Dr, Panama City Beach, FL 32407

1607 Cape Cod Dr

Panama City Beach, FL 32407

  • 28 days on market
SELLER IS GIVING YOU $11,000 TO HELP PURCHASE THIS CONDO! Seller is buying down your interest rate by 2 % for your first year & 1 % for the second year so that your payment will be much more AFFORDABLE. This costs the seller approximately $5500.Seller is also contributing $ 5000 to your Costs to Close. This means less out of pocket money to you for your new home purchase. Seller is providing you with $500 to purchase a Premium Warranty on your new home so that you will have zero worries any future major items.This beautifully maintained 3BR/2BA condo is move-in ready, with $16,000 in recent upgrades! Located in the gated Nautilus Cove community, you'll enjoy access to a sparkling pool, playground, clubhouse, and fitness center. Perfectly situated near Panama City Beach's white sand shores, this community is ideal for families, first-time buyers, retirees, investors and vacation homeowners. With easy access to local attractions like Pier Park, Shipwreck Island Waterpark, and great dining and shopping, this home offers both comfort and convenience.....and JUST 4 MINUTES TO THE OCEAN. Don't miss out on this incredible deal--schedule a viewing today!

Details

Property type

Condominium

Est. home value

$228,024

Lot size

Unknown

Price per sq ft

$196

Year built

2007

Annual property taxes

$2,476

Monthly HOA fee

$470

Price History

02/20/2025
CentralPanhandle

CentralPanhandle #767764

Price change
$239,900
+4.35%
01/26/2025
CentralPanhandle

CentralPanhandle #767764

Listed
$229,900
+17.9%
01/17/2024
CentralPanhandle

CentralPanhandle #744817

Sold
$195,000
+25.81%

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, Fitness Center, Park

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

$76,005
Asking price
$239,900
Closing costs (~8% of asking)
-$19,192
Est. remaining loan balance
-$144,703
Cash to seller
$76,005

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

January 2024

Original loan amount

$146,250

Est. remaining balance

$144,703

Interest rate

7.22%

Loan type

New Conventional, 30 year

Seller

Gary Elliott

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?

Similar Homes Nearby

Price drop
CentralPanhandle
$250,000
3 bd
|
2 ba
|
1,225 sq ft
|
Condo

612 Cape Cod Dr, Panama City Beach, FL 32407

Price drop
CentralPanhandle
$235,000
3 bd
|
2 ba
|
1,195 sq ft
|
Condo

703 Lighthouse Rd, Panama City Beach, FL 32407

Price drop
CentralPanhandle
$239,000
2 bd
|
2 ba
|
935 sq ft
|
Condo

507 Lighthouse Rd, Panama City Beach, FL 32407

Status: Active

Tomo last checked: 02/25/2025 at 1:35 AM

Listing updated: 02/21/2025 at 1:00 PM

Listed by: Daniel Peak, Realty Mark Associates Phone #: (561) 245-5400

MLS: CentralPanhandle #767764

CentralPanhandle logo