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$450,000

Beds
2
Baths
2.0
sq ft
1,144

5801 Thomas Dr Unit 315, Panama City, FL 32408

5801 Thomas Dr Unit 315

Panama City Beach, FL 32408

  • 385 days on market
    • Price drop $20,000↓
Your dream of waking up to unobstructed Gulf views has never been closer. Nestled on the highly desired THIRD floor, this 2-bedroom, 2-bathroom beauty spans just over 1,100 sq. ft. and has been impeccably maintained with minimal rental use, keeping it in pristine condition.Step outside, and you'll find immediate beach access just a few steps away, plus the luxury of TWO POOLS (including a heated, year-round option), a relaxing hot tub, and a tiki bar & grill for that resort-style living. Enjoy all the extras: a fitness center, billiards room, and inviting picnic areas perfect for soaking up the coastal vibe.Here is your chance to own this piece of paradise where every day offers breathtaking, DIRECT GULF VIEWS from your private retreat. Schedule your showing today! Buyer to verify all measurements and information deemed important.

Details

Property type

Condominium

Est. home value

$452,224

Lot size

Unknown

Price per sq ft

$394

Year built

1975

Annual property taxes

$2,811

Monthly HOA fee

$999.19

Price History

11/02/2024
CentralPanhandle

CentralPanhandle #748768

Price change
$450,000
-4.26%
07/07/2024
CentralPanhandle

CentralPanhandle #748768

Price change
$470,000
-4.08%
05/29/2024
CentralPanhandle

CentralPanhandle #748768

Price change
$490,000
-1.01%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Clubhouse, Fitness Center, Park

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

$398,463
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$15,537
Cash to seller
$398,463

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

Seller’s Loan History

Lender

Regions Mortgage

Loan start date

April 2011

Original loan amount

$125,250

Est. remaining balance

$15,537

Interest rate

4.27%

Loan type

New Conventional, 15 year

Seller

Larry D Adams and Avaline W Adams

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 11:10 PM

Listing updated: 11/01/2024 at 11:30 PM

Listed by: Millie McClung, Counts Real Estate Group Inc Phone #: (850) 231-1483

MLS: CentralPanhandle #748768

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