tomo logo

$699,500

Beds
2
Baths
2.0
sq ft
1,268

701 Port Royal Way Unit 701, Pensacola, FL 32502

701 Port Royal Way Unit 701

Pensacola, FL 32502

  • 200 days on market
    • Price drop $43,000↓
Phase 1 Structural Integrity Report from the engineer is complete. This is good news as we passed the structural integrity portion at Phase 1 and were not required to move onto Phase 2. These buildings completed an exterior restoration project in 2023. Location, Location, Location... This penthouse has it all. Sitting on Pensacola Bay with views of the Marina, downtown and just a couple of blocks to all that the Historic Downtown District offers. This stunning 2 Bedroom 2 Bath suite has upgraded features such as the Serengeti Teak Hardwood floors that run throughout the living space of the home, lovely White Quartz counter-tops in the kitchen and the Zebra Wood that waterfalls from the breakfast bar. Both bathrooms are graciously updated with Quartz and Granite counters, vessel sinks and tiled showers with glass doors. All this and you can catch a Wahoo's ball game from one of the 2 balconies. It doesn't get better than these penthouse views.

Details

Property type

Condominium

Est. home value

$427,286

Lot size

Unknown

Price per sq ft

$552

Year built

1984

Monthly HOA fee

$1,096.92

Price History

11/30/2024
EmeraldCoast

EmeraldCoast #951582

Price change
$699,500
-5.79%
09/18/2024
EmeraldCoast

EmeraldCoast #951582

Price change
$742,500
-0.34%
08/13/2024
EmeraldCoast

EmeraldCoast #951582

Price change
$745,000
-5.4%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Global Learning Academy

Middle school: 

Workman

High school: 

Pensacola

Community features: 

Gated, Pool

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

$401,784
Asking price
$699,500
Closing costs (~8% of asking)
-$55,960
Est. remaining loan balance
-$241,756
Cash to seller
$401,784

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 Florida Bank

Loan start date

February 2018

Original loan amount

$280,000

Est. remaining balance

$241,756

Interest rate

3.95%

Loan type

New Conventional, 30 year

Seller

David Sharruf

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: 12/22/2024 at 3:50 PM

Listing updated: 11/30/2024 at 7:59 AM

Listed by: Jolene J Anderson, Jolene J Anderson, NextHome Cornerstone Realty Phone #: (850) 389-8787

MLS: EmeraldCoast #951582

EmeraldCoast logo

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