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$479,000

Beds
2
Baths
2.0
sq ft
1,075

6505 Thomas Dr Unit 705, Panama City, FL 32408

6505 Thomas Dr Unit 705

Panama City Beach, FL 32408

  • 422 days on market
    • Price drop $20,000↓
Adorable condo on the 7th floor of The Summerhouse located on Thomas Dr. for a great view of the gulf! Summerhouse is a family friendly property with beautifully landscaped grounds on the quieter east end of the beach. This home sleeps 8. There are 2 bedrooms (1 king/1 queen bed plus bunk beds. 2 baths (one has been upgraded), and a queen sleeper sofa. There are 3 flat screen TVs, cable and Wi-Fi. are provided. A washer/dryer combo, refrigerator, dishwasher, microwave, new glass top stove less than 3 months old. and full kitchen set up are included. The complex has 2 pools, (1 heated seasonally), hot tub, kiddie pool, shuffleboard, tennis courts, and video games and pool tables in the newly renovated common area. There's also a grilling area, as well as a large gazebo with picnic tables right on the beach. Beach chairs and umbrella are available to purchase seasonally. Summerhouse has a large parking lot with a covered area for loading and unloading. This condo could be a primary or secondary residence, or could be rented by owner or through a rental management company of owner's choice. Summerhouse has its own rental program, as well as its own maintenance and housekeeping team available to owners. Be sure to view this unit before buying!

Details

Property type

Condominium

Est. home value

$484,815

Lot size

Unknown

Price per sq ft

$446

Year built

1984

Annual property taxes

$3,389

Monthly HOA fee

$1,467.39

Price History

09/15/2023
CentralPanhandle

CentralPanhandle #746669

Listed
$479,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, 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

$362,949
Asking price
$479,000
Closing costs (~8% of asking)
-$38,320
Est. remaining loan balance
-$77,731
Cash to seller
$362,949

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

Seller’s Loan History

Lender

Trustmark National Bank

Loan start date

July 2015

Original loan amount

$177,000

Est. remaining balance

$77,731

Interest rate

3.11%

Loan type

New Conventional, 15 year

Seller

Brian Sass

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: 11/10/2024 at 2:10 PM

Listing updated: 09/25/2024 at 11:09 PM

Listed by: Ray McDonald, CitiStar Realty Phone #: (850) 230-5060

MLS: CentralPanhandle #746669

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