tomo logo

$580,000

Beds
1
Baths
1.0
sq ft
800

480 Gulf Shore Dr Unit 506, Destin, FL 32541

480 Gulf Shore Dr Unit 506

Destin, FL 32541

  • 58 days on market
This Condo has AWESOME GULF & PASS VIEWS... AT MAGNOLIA HOUSE, IN DESTIN POINTE One of the last natural and unspoiled, beautiful spots in Destin, Florida. Views abound in all directions that is perfectly located on the 5th floor at Magnolia House, a low rise/low density condominium located among luxury, residential single family homes. Magnolia House is tucked away within the private and gated community of Destin Pointe and offers panoramic views of the Gulf, and the East Pass of Destin with sunrises and sunsets to be enjoyed year round.

Details

Property type

Condominium

Est. home value

$445,231

Lot size

Unknown

Price per sq ft

$725

Year built

1986

Monthly HOA fee

$1,024.18

Price History

08/21/2024
EmeraldCoast

EmeraldCoast #957424

Listed
$580,000
+146.81%
09/02/2014
EmeraldCoast

EmeraldCoast #613014

Sold
$235,000

Schools & Community

Elementary school: 

Destin

Middle school: 

Destin

High school: 

Fort Walton Beach

Community features: 

Gated, 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

$314,282
Asking price
$580,000
Closing costs (~8% of asking)
-$46,400
Est. remaining loan balance
-$219,318
Cash to seller
$314,282

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

March 2022

Original loan amount

$231,000

Est. remaining balance

$219,318

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Wesley Traver and Louise Traver

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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Price drop
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940 Highway 98 E Unit 38, Destin, FL 32541

Status: Active

Tomo last checked: 10/18/2024 at 6:20 AM

Listing updated: 09/25/2024 at 8:47 AM

Listed by: Ryan Orr, Ryan Orr, Ryan Orr, Ryan Orr, Ryan Orr, Ryan Orr, Compass Phone #: (305) 851-2820

MLS: EmeraldCoast #957424

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