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$519,500

Beds
2
Baths
2.5
sq ft
1,300

241 Ellis Rd Unit 25, Miramar Beach, FL 32550

241 Ellis Rd Unit 25

Miramar Beach, FL 32550

  • 145 days on market
    • Price drop $5,500↓
For those looking to invest in the perfect vacation rental, look no further. This townhouse is sold fully furnished, ready to welcome guests and provide unforgettable experiences. Whether you're seeking a weekend escape or a long-term retreat, this is the ultimate destination for coastal living at its finest. It's a short walk to the beach or Pompano Joe's. First floor offers an open living/dining area with updated kitchen and 1/2 bath and laundry. Up the stairs you will be greeted with split bedrooms and separate ensuite bathrooms. Includes an outside storage room. Features include Quartz countertops, Stainless Appliances, Washer/Dryer, Tile Floors. Woodland Shores Offers Outdoor BBQ Area, Community Room and 2 Community Pools.

Details

Property type

Townhouse

Est. home value

$506,447

Lot size

871 sq ft

Price per sq ft

$400

Year built

1983

Monthly HOA fee

$645

Price History

08/20/2024
EmeraldCoast

EmeraldCoast #948361

Price change
$519,500
-1.05%
05/10/2024
EmeraldCoast

EmeraldCoast #948361

Listed
$525,000
04/27/2024
EmeraldCoast

EmeraldCoast #948361

Removed
$525,000

Schools & Community

Elementary school: 

Van R Butler

Middle school: 

Emerald Coast

High school: 

South Walton

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

$167,203
Asking price
$519,500
Closing costs (~8% of asking)
-$41,560
Est. remaining loan balance
-$310,737
Cash to seller
$167,203

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

April 2021

Original loan amount

$334,800

Est. remaining balance

$310,737

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Patrick Stone and Adelaide Stone

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: 09/18/2024 at 10:00 PM

Listing updated: 08/20/2024 at 1:23 PM

Listed by: Virginia C Dougherty, Great Southern Real Estate LLC Phone #: (251) 554-1657

MLS: EmeraldCoast #948361

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