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$489,900

Beds
2
Baths
2.0
sq ft
1,144

5801 Thomas Dr Unit 611, Panama City, FL 32408

5801 Thomas Dr Unit 611

Panama City Beach, FL 32408

  • 113 days on market
Welcome to Regency Towers Condo unit 611, a captivating gem in Panama City Beach. This immaculate 2-bedroom, 2-bath unit is a turnkey vacation rental, perfect for investors and beach lovers alike. Professionally renovated this condo exudes coastal charm including new sliding glass doors in the living room and master bedroom, granite countertops and LVP flooring. The coastal decor and beachy furnishings further enhance the beachside ambiance, providing a true retreat for vacationers. Situated on the coveted 6th floor, this unit offers stunning beachfront views from the living room and master bedroom. The gated security of Regency Towers ensures privacy and tranquility Amenities include two large pools, a tiki bar, hot tub, tennis courts, shuffleboard, pool room, and exercise room.

Details

Property type

Condominium

Est. home value

$515,950

Lot size

Unknown

Price per sq ft

$429

Year built

1982

Annual property taxes

$4,323

Monthly HOA fee

$999

Price History

08/30/2024
CentralPanhandle

CentralPanhandle #762060

Listed
$489,900
+98.34%
03/29/2019
CentralPanhandle

CentralPanhandle #675248

Sold
$247,000
+26.67%
09/12/2017
CentralPanhandle

CentralPanhandle #661223

Sold
$195,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Gated

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

$349,284
Asking price
$489,900
Closing costs (~8% of asking)
-$39,192
Est. remaining loan balance
-$101,424
Cash to seller
$349,284

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 2021

Original loan amount

$125,300

Est. remaining balance

$101,424

Interest rate

2.12%

Loan type

New Conventional, 15 year

Seller

Beverly Ann Andrews and Hal Eugene Hunt

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 12:10 PM

Listing updated: 08/30/2024 at 3:19 PM

Listed by: Robert Thomas, Counts Real Estate Group Inc Phone #: (850) 249-1414

MLS: CentralPanhandle #762060

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