tomo logo

$524,900

Beds
2
Baths
2.0
sq ft
1,286

7205 Thomas Dr Unit E-304, Panama City, FL 32408

7205 Thomas Dr Unit E-304

Panama City Beach, FL 32408

  • 332 days on market
    • Price drop $20,000↓
'Gulf Front'' Beautifully updated Deluxe 2BR/2BA fully furnished rental ready condominium, lower floor with 1286 sq. ft. Tile flooring throughout, fully equipped Kitchen w/breakfast bar. Wonderful Gulf front views from Living, Dining, Kitchen and Master Bedroom. Large balcony to relax and watch the sunsets. Condo has many 'upgrades' cabinets, counters, flooring, sliding doors and windows just to mention a few. Wonderful rental investment or great second home. Dunes of Panama amenities include: 3 pools, clubhouse, tennis, shuffleboard, fitness room, Snack shop and a place to grill. All dimensions are approx.

Details

Property type

Condominium

Est. home value

$593,276

Lot size

Unknown

Price per sq ft

$409

Year built

1985

Monthly HOA fee

$770

Price History

08/24/2024
CentralPanhandle

CentralPanhandle #748282

Price change
$524,900
-3.67%
07/09/2024
CentralPanhandle

CentralPanhandle #748282

Price change
$544,900
-6.85%
06/24/2024
CentralPanhandle

CentralPanhandle #748282

Price change
$585,000
-5.63%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, 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

$404,836
Asking price
$524,900
Closing costs (~8% of asking)
-$41,992
Est. remaining loan balance
-$78,072
Cash to seller
$404,836

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

Seller’s Loan History

Lender

Colonial Bank

Loan start date

July 2001

Original loan amount

$178,000

Est. remaining balance

$78,072

Interest rate

7.2%

Loan type

Not Provided, 30 year

Seller

George H Wilson and Betty J Wilson

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: 09/20/2024 at 3:00 AM

Listing updated: 08/24/2024 at 1:39 PM

Listed by: Cindy Armstrong Karr, Keller Williams Success Realty Phone #: (850) 249-0313

MLS: CentralPanhandle #748282

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