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$199,000

Beds
Unknown
Baths
1.0
sq ft
476

301 Lullwater Dr Unit 277, Panama City Beach, FL 32413

301 Lullwater Dr Unit 277

Panama City Beach, FL 32413

  • 139 days on market
This great vacation or short term rental opportunity comes fully furnished and is turnkey! You can cross Front Beach Road to the Beach and travel a half mile to Pier Park. Imagine yourself in this updated, first floor studio enjoying all of the amenities you could ask for. Just out the patio door is Lullwater Lake and within steps of the pool. The living area easily fits the full sized couch, ottoman, a 50 inch TV, and a small dining table. A king sized bed, a full length mirror, and room for a dresser fit neatly in the sleeping area. The full-sized kitchen is outfitted with stainless steel appliances. A recently renovated bathroom has a tub/shower combination and single vanity which includes a humidity sensing fan. This condo has a new HVAC, new luxury vinyl plank flooring, and a new sliding patio door. Rental income for 2023 was $29,000 and for 2022 was $33,000 in this self-managed condo. The HOA is only $625 per month. Don't miss your opportunity to purchase this gem!

Details

Property type

Condominium

Est. home value

$206,492

Lot size

Unknown

Price per sq ft

$419

Year built

1984

Annual property taxes

$2,184

Monthly HOA fee

$625.24

Price History

08/06/2024
CentralPanhandle

CentralPanhandle #761052

Listed
$199,000
+13.71%
09/20/2021
CentralPanhandle

CentralPanhandle #715654

Sold
$175,000
+233.33%
02/05/2016
CentralPanhandle

CentralPanhandle #639520

Sold
$52,500

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Fishing, Sidewalks

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

$61,378
Asking price
$199,000
Closing costs (~8% of asking)
-$15,920
Est. remaining loan balance
-$121,702
Cash to seller
$61,378

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

Seller’s Loan History

Lender

Groves Capital Inc

Loan start date

September 2021

Original loan amount

$131,250

Est. remaining balance

$121,702

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Samuel Moses and Brittany Moses

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: 12/25/2024 at 3:00 AM

Listing updated: 12/02/2024 at 11:20 AM

Listed by: Christine A Barnes, Corcoran Reverie Phone #: (850) 231-5030

MLS: CentralPanhandle #761052

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