tomo logo

$400,000

Beds
1
Baths
2.0
sq ft
835

6905 Thomas Dr Unit 809, Panama City, FL 32408

6905 Thomas Dr Unit 809

Panama City, FL 32408

  • 234 days on market
    • Price drop $29,900↓
    • Open house Jan 04
*FURNISHED & GULF FRONT* beautifully maintained condo with panoramic beach and ocean views! This property has it all: tennis courts, pickleball, hot tub, and twin pools overlooking the gulf! Ride the elevator down and walk out to the beach! Excellent location in the heart of Panama City Beach so close to local events, beach front dining, local health & wellness centers, winery's Golf & Tennis!! Plenty of parking for owners and guests. Pelican Walk is a sought after location for legacy guests! Unit 809 features updated kitchen and 2 FULL BATHS on the 8th floor! King bedroom with full bath and Queen pull out couch in common area with 2nd full bath! This unit has NEW Hurricane grade sliding glass doors open to paradise! The kitchen features granite counters & bar, stainless appliances, and white cabinetry! Updated lighting and plumbing hardware throughout. The bathrooms are recently updated with granite and beachy white accents. HVAC 6 years young, Water Heater 4 years young. Pelican Walk has excellent management and unit 809 has rental income potential of $35-45k annually at half occupancy(AirDNA)! *Sold Furnished excludes 3 pieces of personal art. Buyer to confirm and verify all details of property marketed. OPEN HOUSE DATES BY APPT BETWEEN GUESTS. Available Appts between rental guests ONLY: 11/18-11/30, 12/1-12/28, 1/4-1/15.

Details

Property type

Condominium

Est. home value

$410,943

Property condition

Updated/Remodeled

Lot size

605 sq ft

Price per sq ft

$480

Year built

1983

Annual property taxes

$3,341

Monthly HOA fee

$625.18

Price History

08/15/2024
CentralPanhandle

CentralPanhandle #756560

Price change
$400,000
-6.96%
05/02/2024
CentralPanhandle

CentralPanhandle #756560

Listed
$429,900
+3.59%
03/01/2024
CentralPanhandle

CentralPanhandle #747087

Removed
$415,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, 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

$325,476
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$42,524
Cash to seller
$325,476

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

Seller’s Loan History

Lender

First Franklin Mtg Corp

Loan start date

March 2000

Original loan amount

$108,800

Est. remaining balance

$42,524

Interest rate

8.36%

Loan type

Not Provided, 30 year

Seller

Robert S Watson

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 6:00 AM

Listing updated: 12/02/2024 at 1:10 PM

Listed by: Shellie Watson, Keller Williams Success Realty Phone #: (850) 249-0313

MLS: CentralPanhandle #756560

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