tomo logo

$429,900

Beds
1
Baths
2.0
sq ft
883

5115 Gulf Dr Unit 1003, Panama City, FL 32408

5115 Gulf Dr Unit 1003

Panama City, FL 32408

  • 29 days on market
WELCOME TO YOUR NEXT SLICE OF PARADISE!! Perfect property for your very own retreat OR a rental investment, Unit 1003 is set to PERFORM! Renovated and updated in 2019, this condo has granite countertops, sleeper sofa, upgraded mattress and smart televisions, stainless steel appliances, new dishwasher in 2024, new washer/dryer and refrigerator in 2023, hall bunks, upgraded toilets, and water heater is 5 years old. NO additional expenses are necessary to have a 1st class beachfront condo, Unit 1003 is rental ready! Seychelles is a very desirable complex, located directly next door to Schooners resturant / bar and St. Andrews State Park is a short walk! Seychelles is an ALL INCLUSIVE complex when it comes to utilities, ELECTRICITY is included in the HOA as well as a HUGE covered parking garage that also has a covered walk over from the garage to the main building! This is a FANTASTIC place to own a property, and Unit 1003 is definetly a phenominal opportunity to own a 100% walk-in ready property for whatever you want it to do for you! Come see this gulf front beauty for yourself and FEEL what tranquility & relaxation coupled with a gorgeous space truly feels like!

Details

Property type

Condominium

Est. home value

$475,362

Lot size

Unknown

Price per sq ft

$487

Year built

2006

Annual property taxes

$3,868

Monthly HOA fee

$790

Price History

10/24/2024
CentralPanhandle

CentralPanhandle #764220

Listed
$429,900
+50.05%
09/30/2019
CentralPanhandle

CentralPanhandle #684907

Sold
$286,500
+46.92%
06/29/2015
CentralPanhandle

CentralPanhandle #613887

Sold
$195,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

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

$228,282
Asking price
$429,900
Closing costs (~8% of asking)
-$34,392
Est. remaining loan balance
-$167,226
Cash to seller
$228,282

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

Seller’s Loan History

Lender

Renasant Bank

Loan start date

September 2019

Original loan amount

$186,500

Est. remaining balance

$167,226

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

Jerry L Cato Ii and Linda G Cato

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 7:25 PM

Listing updated: 10/24/2024 at 9:00 PM

Listed by: Scott S Suber, Beach Haven Realty Phone #: (770) 596-6599

MLS: CentralPanhandle #764220

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