tomo logo

$575,000

Beds
2
Baths
2.0
sq ft
1,147

17643 Front Beach Rd Unit 1007, Panama City Beach, FL 32413

17643 Front Beach Rd Unit 1007

Panama City Beach, FL 32413

  • 40 days on market
    • Price drop $20,000↓
Excellent Investment Opportunity with actual NET potential up to $55,000. This unit comes with rentals booked into September and October. Unit 1007 comes fully furnished, is a perfectly Maintained Gulf-Front Condo with Stainless Appliances, ceramic tile, and fully stocked kitchen. This 10th floor unit features a gulf facing master Bedroom with Access to the large 10 x 28 Balcony and deeded parking space. Tropic Winds is a 23 story, 164 unit resort with four levels of assigned unit parking underneath the building and additional/overflow parking provided across the street on the north side of Front Beach Road. Amenities include indoor/outdoor swimming pool, steam room, hot tub, fitness room w/sauna, large tanning deck, dog walk, and over 330' of dedicated beachfront. If you're looking for the perfect Condo With the perfect View on Panama City Beach This would be a great condo for you and your family with a strong Vacation Rental history. Tropic Winds is located just a short 3 miles from popular Pier Park, 7 miles to the 30a corridor and mere 13 miles from NW Florida Beaches International Airport. Call your agent today to schedule a visit. All ages, Room sizes and measurements are approximate. Please verify if it is important.

Details

Property type

Condominium

Est. home value

$640,662

Lot size

Unknown

Price per sq ft

$502

Year built

2009

Annual property taxes

$6,475

Monthly HOA fee

$699.33

Price History

09/12/2024
CentralPanhandle

CentralPanhandle #761788

Price change
$575,000
-3.36%
08/25/2024
CentralPanhandle

CentralPanhandle #761788

Listed
$595,000
+11.01%
09/28/2021
CentralPanhandle

CentralPanhandle #714580

Sold
$536,000
+87.41%

Schools & Community

Elementary school: 

West Bay

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, 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

$153,485
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$375,515
Cash to seller
$153,485

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

Seller’s Loan History

Lender

Renasant Bank

Loan start date

September 2021

Original loan amount

$402,000

Est. remaining balance

$375,515

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Matthew Barrett Carter and Anna Nichols Carter

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 1:15 AM

Listing updated: 10/01/2024 at 12:29 PM

Listed by: Darrell Turner, Counts Real Estate Group Inc Phone #: (850) 231-1483

MLS: CentralPanhandle #761788

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