tomo logo

$249,900

Beds
1
Baths
2.0
sq ft
853

520 N Richard Jackson Blvd Unit 2209, Panama City Beach, FL 32407

520 N Richard Jackson Blvd Unit 2209

Panama City Beach, FL 32407

  • 7 days on market
Investors dream! This turn-key townhome is being sold fully-furnished (all furniture, appliances, electronics, and cookware) and the sellers are offering an additional $5000 in seller concessions to help with rate buy-down or closing costs! Sellers are motivated and all offers are welcome! The only items that will not convey are the personal items found in the locked owner's closets. Only 1/3 mile from the beautiful emerald green waters and white sugar sands of the Gulf of Mexico, this luxurious townhome is the perfect place to offer you that serene escape for you and your guests. Located in the prestigious Edgewater Beach and Golf Resort, this 2nd floor Golf Villa is nestled right on the canal where you can enjoy your waterfront views from the comfort of your living room or master suite bedroom with master ensuite. Relax on your covered patio as you have that beautiful waterfront view with accessibility from both your living room and master suite bedroom. Here you can sit and watch the ducks swim below and enjoy the tranquil sounds and calm of the water fountain positioned perfectly just outside your door. Edgewater Resort, a fully serviced, gated community with 24-hour security, an array of unmatched amenities. Indulge in 12 swimming pools, including the renowned lagoon pool, a 9-hole executive golf course, a tennis club with 6 courts and a pro shop, a state-of-the-art fitness center, a relaxing spa, and multiple dining options. This is more than just a home; it's an entry into a lifestyle of luxury, relaxation, and endless fun. This beautiful Villa is located on the golf course side of the resort. Whether you're considering enjoying this gem all to yourself or using it as an income-producing luxury vacation rental, the possibilities are endless. This 853 square-foot home boasts one bedroom and two full bathrooms. As you walk in your front door, you immediately see your waterfront views from your living room, with your kitchen to your right. The stackable washer/dryer convey with the property. You have an elegant breakfast bar to enjoy a rich cup of coffee for that early morning as you plan your day. What to do? The adventures are endless - lounge by one of the many heated pools, soak in the hot tub, work out at the fitness center, enjoy the beach for the day, play pickleball with your new friends, so many options! This interior has been freshly painted this year with coastal blues and hues of calm blues, whites and creams. The sellers have used this as a STR but have also enjoyed it themselves throughout the year so they have not aggressively rented it out due to their personal usage. However, with that said, they still had about $14,696 in GRI this year - 2024 YTD, with June ($4518) and July ($3363) being their top months. HOA fees are $940/monthly and include the following services and amenities - Clubhouse access, pools (10 of the 11 are heated and 2 are gulf-front) & 4 hot tubs, unlimited golf and tennis (owners), Executive par 3 golf course, pro shop, fitness center, 10 shuffleboards, 5 pickleball courts, kids splash pad, owners receive 20% off at resort restaurants, Ground Maintenance, seasonal tram that picks up/drops off near beach, Insurance, Association management, Legal & Accounting, pest control, 24-hour security, gate security, trash, water & sewer, cable and WIFI.

Details

Property type

Townhouse

Est. home value

$268,247

Lot size

Unknown

Price per sq ft

$293

Year built

1988

Monthly HOA fee

$940

Price History

12/15/2024
EmeraldCoast

EmeraldCoast #964768

Listed
$249,900
-9.13%
06/11/2024
CentralPanhandle

CentralPanhandle #751704

Removed
$275,000
01/22/2024
CentralPanhandle

CentralPanhandle #751704

Listed
$275,000
+2.23%

Schools & Community

Elementary school: 

Hutchinson Beach

Middle school: 

Surfside

High school: 

Arnold

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

$45,650
Asking price
$249,900
Closing costs (~8% of asking)
-$19,992
Est. remaining loan balance
-$184,258
Cash to seller
$45,650

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

Seller’s Loan History

Lender

Bankplus

Loan start date

March 2023

Original loan amount

$188,300

Est. remaining balance

$184,258

Interest rate

6.13%

Loan type

New Conventional, 30 year

Seller

Gerald Higgins Johnson and Meredith Gibson Johnson

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: 12/22/2024 at 6:40 AM

Listing updated: 12/21/2024 at 11:54 AM

Listed by: Shantel F Peterson, Real Broker LLC Phone #: (855) 450-0442

MLS: EmeraldCoast #964768

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