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$294,400

Beds
2
Baths
1.0
sq ft
880

4000 Gulf Terrace Dr Unit 179, Destin, FL 32541

4000 Gulf Terrace Dr Unit 179

Destin, FL 32541

  • 114 days on market
    • Price drop $100↓
Welcome to Paradise! Beautifully renovated condo, close to the beach and sold fully furnished and equipped to start your Vacation rental journey. This place has been self managed and over the last 3 years has grossed $40k+, with this year already above that benchmark. One of the only units with FULL SIZE washer and dryer.Centrally located in the heart of Destin! Across from the beach, next to the Executive Airport, near Big Kahunas, shopping and nightlife. Amenities include 3 renovated pools, one of which is heated during the winter, clubhouse and pickleball / tennis courts, BBQ, Club House! Pacman arcade game reluctantly stays with sale. Buyer to verify all information. Bring your buyers!

Details

Property type

Condominium

Est. home value

$306,088

Lot size

Unknown

Price per sq ft

$335

Year built

1978

Monthly HOA fee

$568

Price History

09/10/2024
CentralPanhandle

CentralPanhandle #760706

Price change
$294,400
-0.03%
08/20/2024
CentralPanhandle

CentralPanhandle #760706

Price change
$294,500
-0.17%
07/31/2024
CentralPanhandle

CentralPanhandle #760706

Listed
$295,000
-4.84%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$31,302
Asking price
$294,400
Closing costs (~8% of asking)
-$23,552
Est. remaining loan balance
-$239,546
Cash to seller
$31,302

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

Seller’s Loan History

Lender

Investor Mortgage Finance Llc

Loan start date

July 2022

Original loan amount

$248,000

Est. remaining balance

$239,546

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Jennifer Joubert Breedlove and Michael Emory Breedlove

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: 11/23/2024 at 10:20 AM

Listing updated: 09/26/2024 at 11:09 PM

Listed by: Nap deCiutiis, EXP Realty LLC Phone #: (888) 883-8509

MLS: CentralPanhandle #760706

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