tomo logo

$769,000

Beds
3
Baths
3.0
sq ft
1,441

6201 Thomas Dr Unit 1404, Panama City, FL 32408

6201 Thomas Dr Unit 1404

Panama City, FL 32408

  • 137 days on market
    • Price drop $20,000↓
$20,000 PRICE REDUCTION!!! 1404 is definetly a RARE 3 Bed 3 Bath Gulf Front Condo at Watercrest Condos and is NOW priced to SELL!!! Experience luxury coastal living in this rare gem - a completely renovated 3 bed, 3 bath gulf front condo at Watercrest Condos. Nestled along the pristine shores of Panama City Beach, this stunning unit offers unparalleled views of the Gulf of Mexico and is meticulously updated for modern comfort and style.Impeccably redesigned with high-end finishes and contemporary upgrades throughout! Sold fully furnished with tasteful decor and everything needed for immediate occupancy or rental, making it ideal for investment or personal use. Setup for turnkey rental management with a proven track record, appealing to investors who are seeking the ideal property. Watercrest Condos has completed the mandatory Milestone inspection and as a result of the findings being extremely positive, there are no current or pending special assessments, unlike so many other complexes in the area! This is a MUST SEE property for ANYONE looking for a very solid investment or second home. Call and schedule your private viewing today.

Details

Property type

Condominium

Est. home value

$756,641

Lot size

Unknown

Price per sq ft

$534

Year built

1987

Annual property taxes

$7,608

Monthly HOA fee

$1,084.67

Price History

10/16/2024
CentralPanhandle

CentralPanhandle #759637

Price change
$769,000
-2.53%
08/21/2024
CentralPanhandle

CentralPanhandle #759637

Price change
$789,000
-1.25%
07/08/2024
CentralPanhandle

CentralPanhandle #759637

Listed
$799,000
+37.76%

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

$253,184
Asking price
$769,000
Closing costs (~8% of asking)
-$61,520
Est. remaining loan balance
-$454,296
Cash to seller
$253,184

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

May 2021

Original loan amount

$490,500

Est. remaining balance

$454,296

Interest rate

3.18%

Loan type

New Conventional, 30 year

Seller

Orlando Phillip and Jeannine Phillip

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 11:00 PM

Listing updated: 10/16/2024 at 6:09 PM

Listed by: Scott S Suber, Beach Haven Realty Phone #: (770) 596-6599

MLS: CentralPanhandle #759637

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