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$475,000

Beds
2
Baths
2.0
sq ft
1,447

6500 Bridge Water Way Unit 505, Panama City Beach, FL 32407

6500 Bridge Water Way Unit 505

Panama City Beach, FL 32407

  • 195 days on market
    • Price drop $15,000↓
REDUCED! A boaters Paradise as this gorgeous unit is being sold with a Deeded boat slip (10,000 lbs lift # 58) and garage (B-12). Hibiscus is a gated community on a 10 acre peninsula, with a private Marina and best kept secret. This stunning fully furnished unit sits on the 5th floor next to the elevator and pristine views of the St. Andrew Bay and Hathaway Bridge. Both Master and Living room face East for stunning sunrises and Bay Views. Great views sitting in the living room with hurricane resistance brand new sliding glass doors that open to a large 200 square foot private balcony. Interior of the unit, you will find a luxurious finishing with crown molding, ceramic tile, new herringbone pattern flooring throughout. Master bedroom has stunning views of the Bay and master bath has been fully remodeled to include step in shower, jet tub, double vanity, and large closet. The ample kitchen has also been upgraded with stainless steel appliances and granite counters. The laundry room has a new washer and drier, and has been remodeled as a private room where washer/drier is not visible. New Air Cond and heater in 2023. The deeded boat slip is close to the open water and deep with easy and quick access to the Gulf of Mexico. Enjoy the peace and privacy as there is No Short Term Rentals allowed. Amenities include Tennis Courts, Basketball, Dog walking areas, Fire Pit area, 500 foot long fishing pier, community room, and swimming pools etc. Close proximity to beaches, restaurants and shopping. Bayside Marina is just next door to refuel your boat, acquire bait and goodies. Make an offer.

Details

Property type

Condominium

Est. home value

$430,343

Lot size

Unknown

Price per sq ft

$329

Year built

2005

Annual property taxes

$2,553

Monthly HOA fee

$950

Price History

09/05/2024
CentralPanhandle

CentralPanhandle #756597

Price change
$475,000
-3.06%
06/02/2024
CentralPanhandle

CentralPanhandle #756597

Price change
$490,000
+2.32%
05/31/2024
CentralPanhandle

CentralPanhandle #756597

Price change
$478,900
-2.27%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, Fitness Center, Fishing, Park, Tennis Court(s)

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

$347,360
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$89,640
Cash to seller
$347,360

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

July 2019

Original loan amount

$100,000

Est. remaining balance

$89,640

Interest rate

3.82%

Loan type

New Conventional, 30 year

Seller

Richard H Ramsey and Estrella S Ramsey

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: 11/14/2024 at 5:15 PM

Listing updated: 10/25/2024 at 12:10 PM

Listed by: Marco Cooper, Coastal Sun Realty LLC Phone #: (850) 249-2050

MLS: CentralPanhandle #756597

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