tomo logo

$870,000

Beds
2
Baths
2.0
sq ft
1,400

6505 Thomas Dr Unit 106, Panama City, FL 32408

6505 Thomas Dr Unit 106

Panama City, FL 32408

  • 2 days on market
RARE OPPORTUNITY TO OWN A GROUND FLOOR CORNER UNIT AT SUMMERHOUSE!! ENJOY MILLION DOLLAR VIEWS from the 180 degree wraparound balcony!! It doesn't get any better than this! These units rarely come available at Summerhouse! New Hurricane Proof glass was installed in 2022 at a cost of $40000 on all doors and windows as well as the installation of waterproof Vinyl Floors throughout! This amazing condo features a beautiful kitchen with new cabinets, stainless steel appliances, granite countertops w/large breakfast bar, smooth ceilings and updated lighting all completed in 2022. The family room features a curved wall of windows and custom ordered curtains, there is even a chalk wall for added vacation fun! The updated master bedroom has balcony access and the second bedroom has custom built in bunkbeds! Best of all no elevator with all your belongings or trying to get to and from the pool or the beach! Live your best Beach life at this amazing condo!

Details

Property type

Condominium

Est. home value

$852,329

Lot size

Unknown

Price per sq ft

$622

Year built

1985

Annual property taxes

$8,435

Monthly HOA fee

$1,451.42

Price History

01/02/2025
CentralPanhandle

CentralPanhandle #766750

Listed
$870,000
+10.13%
01/21/2022
CentralPanhandle

CentralPanhandle #719252

Sold
$790,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Clubhouse, Fitness Center

Number of units in community: 

256

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

$340,007
Asking price
$870,000
Closing costs (~8% of asking)
-$69,600
Est. remaining loan balance
-$460,393
Cash to seller
$340,007

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

January 2022

Original loan amount

$553,000

Est. remaining balance

$460,393

Interest rate

2.39%

Loan type

New Conventional, 15 year

Seller

Nicholas D Conner and Penelope Ann Nclean Conner

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?

Status: Active

Tomo last checked: 01/06/2025 at 6:45 AM

Listing updated: 01/05/2025 at 11:19 AM

Listed by: Scott Stanford, Coastal Living Realty & Associates Phone #: (404) 401-2444

MLS: CentralPanhandle #766750

CentralPanhandle logo

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