tomo logo

$239,000

Beds
2
Baths
2.0
sq ft
935

503 Lighthouse Rd, Panama City Beach, FL 32407

503 Lighthouse Rd

Panama City Beach, FL 32407

  • <1 day on market
SHORT TERM RENTALS ALLOWED!! Projected annual revenue for this rental machine is appx $48K. Welcome to the heart of Panama City Beach! Nautilus Cove Condos offer nice amenities like a large lagoon style pool, fitness center, and playground. Location is ideal as the beach is only 1 mile away and shopping, schools, and entertainment are just over 2 miles. This 2 bedroom 2 bath downstairs unit allows short term rentals. The flooring was recently updated and kitchen/baths have granite counter tops. Whether you're purchasing as an investment or as your forever home, this furnished unit is turn key and ready for you. If measurements deemed important, please verify.

Details

Property type

Condominium

Est. home value

$195,019

Lot size

Unknown

Price per sq ft

$256

Year built

2006

Annual property taxes

$1,161

Monthly HOA fee

$472.09

Price History

11/04/2024
CentralPanhandle

CentralPanhandle #764661

Listed
$239,000
10/24/2024
CentralPanhandle

CentralPanhandle #753241

Removed
$239,000
06/11/2024
CentralPanhandle

CentralPanhandle #753241

Price change
$239,000
-4.02%

Schools & Community

Elementary school: 

Hutchison Beach

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Clubhouse

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

$92,357
Asking price
$239,000
Closing costs (~8% of asking)
-$19,120
Est. remaining loan balance
-$127,523
Cash to seller
$92,357

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

Seller’s Loan History

Lender

Pmac Lending Services Inc

Loan start date

June 2023

Original loan amount

$129,500

Est. remaining balance

$127,523

Interest rate

6.43%

Loan type

New Conventional, 30 year

Seller

Khb Holdings Llc

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: 11/05/2024 at 1:40 AM

Listing updated: 11/04/2024 at 8:00 PM

Listed by: Tina Lamonica, Think Real Estate Phone #: (850) 270-4200

MLS: CentralPanhandle #764661

CentralPanhandle logo