tomo logo

$1,329,900

Beds
5
Baths
4.5
sq ft
3,321

5417 Thomas Dr, Panama City, FL 32408

5417 Thomas Dr

Panama City Beach, FL 32408

  • 252 days on market
    • Price drop $19,100↓
A truly turn-key RENTAL MACHINE located on the desirable end end of Thomas Drive! No detail was spared, with updates throughout all 3 levels--including the recent addition of a gulf-view bedroom, additional bonus room and a full bath on the top floor! Brand new hot water heater replaced in May 2024. Tasteful modern design and whimsical furnishings complete the interior, while the exterior boasts new paint, custom fence murals, a hot tub and a newly added heated pool, just steps away from 2 public beach accesses. Beautiful updated front door with loads of curb appeal. Interior stairs recently replaced with SOLID WOOD! Plenty of storage, garage space, multi-level beach views, and NO HOA! Nearby additional parking options available to house multiple guests. This one checks all the boxes: whether you're looking for a profitable rental or a secondary beach home to host guests. A truly unique property with excellent earning potential! Updated 2024 rental numbers now available.All measurements are approximate. Please have buyer to verify all measurements.*Rental projection estimates available upon request!

Details

Property type

Single Family Residence

Est. home value

$910,993

Property condition

Updated/Remodeled

Lot size

2,875 sq ft

Price per sq ft

$401

Year built

2005

Annual property taxes

$7,237

HOA

No

Price History

08/28/2024
CentralPanhandle

CentralPanhandle #751213

Price change
$1,329,900
-1.42%
04/12/2024
CentralPanhandle

CentralPanhandle #751213

Price change
$1,349,000
-3.57%
01/11/2024
CentralPanhandle

CentralPanhandle #751213

Listed
$1,399,000
+175.94%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Rocket Mortgage Llc

Loan start date

December 2021

Original loan amount

$472,375

Est. remaining balance

$426,304

Interest rate

3.05%

Loan type

New Conventional, 21 year

Seller

Joshua Michael Royce and Jessica Marie Royce

Lender

Quicken Loans Llc

Loan start date

December 2020

Original loan amount

$456,300

Est. remaining balance

$417,963

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Joshua Michael Royce and Jessica Marie Royce

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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6323 Thomas Dr Unit 501A, Panama City, FL 32408

Status: Active

Tomo last checked: 09/20/2024 at 6:30 AM

Listing updated: 08/28/2024 at 1:00 PM

Listed by: Christopher C Jennings, Bay to 30A Realty Phone #: (850) 532-9449

MLS: CentralPanhandle #751213

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