tomo logo

$899,000

Beds
2
Baths
2.5
sq ft
1,080

228 Walton Magnolia Ln Unit 3, Inlet Beach, FL 32461

228 Walton Magnolia Ln Unit 3

Inlet Beach, FL 32461

  • 295 days on market
Welcome to 228 Walton Magnolia Ln 3 - a cozy townhome exuding timeless charm, fulfilling any investor's dream. Nestled in the heart of Inlet Beach, this gem re-enters the market after meticulous repairs, including new decks, fresh paint, and more. Situated near the prestigious communities of Rosemary Beach and Lupin Beach, with Camp Hellen State Park and the Gulf of Mexico in eye's sight and 30Avenue's dining and shopping a mere 5-minute drive away, it is no wonder this piece of paradise is such a highly sought after vacation rental. With over $65K in rental revenue in 2021 and $60K in 2022, and a neighboring unit earning almost $86K, now's your chance to secure a position just one tier back from the Gulf on 30A for under $1M. Schedule a showing today!

Details

Property type

Townhouse

Est. home value

$1,135,438

Lot size

871 sq ft

Price per sq ft

$833

Year built

1984

Monthly HOA fee

$100

Price History

02/02/2024
EmeraldCoast

EmeraldCoast #941366

Listed
$899,000

Schools & Community

Elementary school: 

Dune Lakes

Middle school: 

Emerald Coast

High school: 

South Walton

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

$588,652
Asking price
$899,000
Closing costs (~8% of asking)
-$71,920
Est. remaining loan balance
-$238,428
Cash to seller
$588,652

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

June 2013

Original loan amount

$324,240

Est. remaining balance

$238,428

Interest rate

3.42%

Loan type

New Conventional, 30 year

Seller

Chris C Thorsby and Carrie L Thorsby

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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House

289 Catface Dr, Inlet Beach, FL 32461

Status: Active

Tomo last checked: 11/23/2024 at 10:50 AM

Listing updated: 11/14/2024 at 12:16 PM

Listed by: Blankenship Group, Engel & Volkers 30A Beaches Phone #: (850) 213-2800

MLS: EmeraldCoast #941366

EmeraldCoast logo

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