tomo logo

$469,995

Beds
1
Baths
2.0
sq ft
914

16701 Front Beach Rd Unit 1203, Panama City Beach, FL 32413

16701 Front Beach Rd Unit 1203

Panama City Beach, FL 32413

  • 309 days on market
    • Price drop $10,340↓
This nicely furnished 1 bedroom, 2 baths with a bunk unit is rental ready. It features Heated pool, Concession area with wine and drinks and exercise room. From the balcony, you have a birds eye view of the Gulf and Beach. The Beach is ideal for viewing the frequent fireworks that are launched from the Pier. The complex has multiple levels of covered parking on the north side of Front Beach Road with a walkover for easy access. Sterling Breeze is a short distance from Pier Park for shopping and dining. The artwork above the sofa does not convey. Measurements are approximate, verify if important.

Details

Property type

Condominium

Est. home value

$446,595

Lot size

Unknown

Price per sq ft

$515

Year built

2008

Annual property taxes

$3,390

Monthly HOA fee

$845

Price History

03/28/2024
CentralPanhandle

CentralPanhandle #749747

Price change
$469,995
-2.15%
11/30/2023
CentralPanhandle

CentralPanhandle #749747

Listed
$480,335
+113.96%
04/23/2018
EmeraldCoast

EmeraldCoast #789382

Sold
$224,500

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool

Number of units in community: 

145

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

$312,550
Asking price
$469,995
Closing costs (~8% of asking)
-$37,600
Est. remaining loan balance
-$119,845
Cash to seller
$312,550

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

Seller’s Loan History

Lender

Chicago Mortgage Solutions Corp

Loan start date

September 2020

Original loan amount

$156,050

Est. remaining balance

$119,845

Interest rate

2.44%

Loan type

New Conventional, 15 year

Seller

John F Mervis and Ruth Mervis

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: 10/05/2024 at 3:20 AM

Listing updated: 09/25/2024 at 11:19 PM

Listed by: Philip L Forsythe, CENTURY 21 AllPoints Realty Phone #: (850) 230-4514

MLS: CentralPanhandle #749747

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