tomo logo

$525,000

Beds
2
Baths
2.0
sq ft
1,150

4203 Indian Bayou Trl Unit 1216, Destin, FL 32541

4203 Indian Bayou Trl Unit 1216

Destin, FL 32541

  • 86 days on market
This beautifully updated and fully furnished 2 bed, 2 bath condo at The Palms boasts new LPV flooring and stainless steel appliances. AC and Hot Water Heater were replaced in 2022! The HOA dues cover all utilities, including water, sewer, electricity, cable, WiFi, phone, and trash. There is a Seasonal shuttle service to the public beach access. Residents enjoy an array of amenities, such as an expansive lagoon pool, a children's pool, a restaurant and lounge area, covered parking, a luxury spa, a fitness/cardio center, lighted tennis courts, a basketball court, a jogging trail, and a parking garage. The unit is currently a cash flowing vacation rental, but could be perfect for a primary residence or a second home!

Details

Property type

Condominium

Est. home value

$477,286

Lot size

Unknown

Price per sq ft

$457

Year built

2007

Monthly HOA fee

$1,233.22

Price History

06/24/2024
EmeraldCoast

EmeraldCoast #953123

Listed
$525,000
+23.53%
02/22/2022
EmeraldCoast

EmeraldCoast #888439

Sold
$425,000
+84.78%
08/10/2020
EmeraldCoast

EmeraldCoast #847509

Sold
$230,000
+37.72%

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Fort Walton Beach

Community features: 

Pool, Tennis Court(s)

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

$216,084
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$266,916
Cash to seller
$216,084

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

February 2022

Original loan amount

$311,250

Est. remaining balance

$266,916

Interest rate

2.43%

Loan type

New Conventional, 15 year

Seller

Eugene Viscione and Marie Viscione

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?

Status: Active

Tomo last checked: 09/18/2024 at 9:25 PM

Listing updated: 06/28/2024 at 9:33 AM

Listed by: Bri Bowhall, Keller Williams Success Realty Phone #: (850) 249-0313

MLS: EmeraldCoast #953123

EmeraldCoast logo

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