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$274,999

Beds
1
Baths
1.0
sq ft
689

17642 Front Beach Rd Unit G2, Panama City Beach, FL 32413

17642 Front Beach Rd Unit G2

Panama City Beach, FL 32413

  • 66 days on market
    • Price drop $4,901↓
HUGE price reduction!! Wendwood Condominiums, Unit G2, is a beautifully updated ground-floor unit featuring one bedroom and an additional bunk area. Located directly across from Beach Access 72, this unit provides easy and quick access to the emerald waters of Panama City Beach. Wendwood Condominiums boasts low HOA fees, making it an affordable option for both investors and personal use.The property includes amenities such as a pool and shuffleboard courts, enhancing the appeal for residents and vacationers alike. With short-term rentals permitted, Unit G2 presents an excellent investment opportunity, with potential rental income projections reaching up to $28,000 annually. This unit has many recent updates, and upgrades, as well as a new water heater. There are no special assessments pending.

Details

Property type

Condominium

Est. home value

$303,424

Lot size

Unknown

Price per sq ft

$400

Year built

1996

Annual property taxes

$2,952

Monthly HOA fee

$399.76

Price History

09/28/2024
CentralPanhandle

CentralPanhandle #760682

Price change
$274,999
-1.75%
09/09/2024
CentralPanhandle

CentralPanhandle #760682

Price change
$279,900
-0.04%
08/08/2024
CentralPanhandle

CentralPanhandle #760682

Price change
$280,000
-5.08%

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool

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

$103,260
Asking price
$274,999
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$149,739
Cash to seller
$103,260

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

September 2021

Original loan amount

$160,300

Est. remaining balance

$149,739

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Dmitry Smolkin

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 1:30 AM

Listing updated: 09/28/2024 at 12:39 PM

Listed by: Kelly N Lathem, Corcoran Reverie Phone #: (850) 231-5030

MLS: CentralPanhandle #760682

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