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$1,100,000

Beds
3
Baths
2.0
sq ft
1,950

5004 Thomas Dr Unit 1712, Panama City, FL 32408

5004 Thomas Dr Unit 1712

Panama City Beach, FL 32408

  • 462 days on market
    • Price drop $150,000↓
Best patio views in all of Panama City Beach! Here is an opportunity to own an absolute stunning condo in one of the best buildings in all of Panama City Beach! This 3 bed/2 bath Treasure Island end unit has upgrades throughout and has as good a view of the Gulf as anywhere along the coast. The wrap around patio has panoramic views of the Gulf, Bay, Lagoon and St. Andrews State Park. The interior features 9' ceilings, crown molding, granite countertops, and an ideal layout for a family wanting to make the most of their beach experience. All furniture, including the pool table, is to convey with the sale of the property. Treasure Island is a premier upscale resort ideally located on Thomas Drive, just minutes from the top local restaurants and attractions. All information is believed to be correct but should be verified by the buyer.

Details

Property type

Condominium

Est. home value

$1,194,549

Lot size

Unknown

Price per sq ft

$565

Year built

2005

Monthly HOA fee

$1,222.01

Price History

07/01/2024
CentralPanhandle

CentralPanhandle #745401

Listed
$1,100,000
07/01/2024
CentralPanhandle

CentralPanhandle #745401

Removed
$1,100,000
08/18/2023
CentralPanhandle

CentralPanhandle #745401

Listed
$1,100,000
+71.88%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Clubhouse, Fitness Center

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

$671,957
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$340,043
Cash to seller
$671,957

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

August 2019

Original loan amount

$480,000

Est. remaining balance

$340,043

Interest rate

3.22%

Loan type

New Conventional, 15 year

Seller

James Scott Menair

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: 11/22/2024 at 11:25 PM

Listing updated: 09/25/2024 at 11:09 PM

Listed by: Dale D Gumm, Anchor Realty Florida Phone #: (850) 899-7999

MLS: CentralPanhandle #745401

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