tomo logo

$440,000

Beds
1
Baths
2.0
sq ft
883

5115 Gulf Dr Unit 1703, Panama City, FL 32408

5115 Gulf Dr Unit 1703

Panama City, FL 32408

  • <1 day on market
Welcome to your slice of paradise! Seychelles Resort Condominium is a highly sought-after gem, offering unparalleled views of the emerald waters of the Gulf of Mexico. Nestled on 200 feet of pristine sandy beach right next to the popular Schooners Restaurant, this 1-bedroom, 2-bath unit spans 883 square feet of thoughtfully designed living space. With hallway bunks and ample room, this condo comfortably accommodates up to six guests and comes fully furnished, ready for you or your rental guests! Seychelles Resort boasts a host of amenities, including two gulf-front pools, a hot tub, an on-site fitness center, a conference room, a rental company, on-site property management, & covered parking with a convenient walkover. The HOA fees cover ALL utilities, including electricity.

Details

Property type

Condominium

Est. home value

$450,663

Lot size

Unknown

Price per sq ft

$499

Year built

2006

Annual property taxes

$3,606

Monthly HOA fee

$789.67

Price History

10/11/2024
CentralPanhandle

CentralPanhandle #765252

Listed
$440,000
-2.22%
03/20/2023
CentralPanhandle

CentralPanhandle #734205

Sold
$450,000
+107.66%
12/29/2017
CentralPanhandle

CentralPanhandle #662209

Sold
$216,700

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

$120,445
Asking price
$440,000
Closing costs (~8% of asking)
-$35,200
Est. remaining loan balance
-$284,355
Cash to seller
$120,445

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

Seller’s Loan History

Lender

Hometown Equity Mortgage

Loan start date

March 2023

Original loan amount

$290,000

Est. remaining balance

$284,355

Interest rate

6.09%

Loan type

New Conventional, 30 year

Seller

Tina Damron

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: 11/19/2024 at 8:35 PM

Listing updated: 11/19/2024 at 4:18 PM

Listed by: Donna Fox, Compass Phone #: (305) 851-2820

MLS: CentralPanhandle #765252

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