tomo logo

$944,000

Beds
3
Baths
3.5
sq ft
2,400

621 Lyndell Ln Unit A, Panama City Beach, FL 32407

621 Lyndell Ln Unit A

Panama City Beach, FL 32407

  • 485 days on market
    • Price drop $5,000↓
ASK FOR EXAMPLE CASH FLOW SHEET! Do not miss this one - THIS IS IT! (Rental projections and insurance quote available upon request) COME SEE THIS INSANE RENTAL INVESTMENT IN PERSON! Welcome to your dream investment opportunity! This stunning 3-bedroom beach house in Panama City Beach, Florida offers the ultimate combination of luxury and convenience. Step out of your front door and onto the sandy shores, with the beach just steps away. After a day of sun and surf, relax in your private pool, soaking in the warm Florida sun. No need to worry about stairs - an elevator is at your service, making this home accessible to everyone.

Details

Property type

Single Family Residence

Est. home value

$1,147,015

Lot size

3,920 sq ft

Price per sq ft

$394

Year built

2006

Annual property taxes

$7,305

HOA

No

Price History

10/31/2024
CentralPanhandle

CentralPanhandle #745744

Price change
$944,000
-0.53%
08/09/2024
CentralPanhandle

CentralPanhandle #745744

Price change
$949,000
-4.91%
06/06/2024
CentralPanhandle

CentralPanhandle #745744

Price change
$998,000
-4.86%

Schools & Community

Elementary school: 

Hutchison Beach

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

$309,532
Asking price
$944,000
Closing costs (~8% of asking)
-$75,520
Est. remaining loan balance
-$558,948
Cash to seller
$309,532

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

Seller’s Loan History

Lender

Mortgage Investors Group Inc

Loan start date

April 2021

Original loan amount

$607,200

Est. remaining balance

$558,948

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

John R Thomes and Leaha B Thomes

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: 12/23/2024 at 7:50 AM

Listing updated: 10/31/2024 at 3:09 PM

Listed by: Whitby D Jerkins, Douglas Eliman 30A Phone #: (850) 806-1410

MLS: CentralPanhandle #745744

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