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$1,053,675Estimated home value

Beds
3
Baths
3.5
sq ft
2,375

7428 Thomas Dr, Panama City, FL 32408

7428 Thomas Dr

Panama City, FL 32408

  • Off market
Magnificent Fully Furnished Investment Home with Breathtaking Gulf ViewsExceptionally Captivating and Fully Furnished Pool Home with Outstanding Airbnb Potential! Previous owner generated actual rental income of over $100,000 each year for 2021 and 2022 (current owner primarily used the unit for their personal use). Idyllically situated in a highly coveted area just across the street from the Gulf's emerald waters and shimmering sands and Rick Seltzer Park, this 3BR/3.5BA, 2,375sqft residence radiates a chic coastal aesthetic with a pastel yellow exterior, beautiful balcony, and low-maintenance tropical greenery. Step inside the vacation-ready home to discover high 10' ceilings (main-level), durable tile flooring, tons of shimmering natural light, attractive crown molding, and a spacious living room with a cozy sleep sofa and a mood-inducing fireplace. Laid-back vibes continue into the open concept gourmet kitchen, which dazzles with stainless-steel appliances, granite countertops, ample wood cabinetry, dishwasher, pantry, and an inviting breakfast bar. Ideal for memorable meals and easy conversation, the adjoining dining area has a large table and chairs. Before checking out the second-floor, venture into the party-perfect fenced backyard. Heated for year-round comfort, the inground gunite saltwater pool affords limitless fun for large groups or intimate gatherings. After being mesmerized by the outdoor space, explore the second floor, which has a loft with a desk and built-ins, a secondary primary suite, and an oversized primary bedroom boasting a large closet and a chic en suite with a jetted tub, separate shower, and dual sinks. This level also features lovely hardwood flooring. Finally, the third level is a showstopper with high 11' vaulted ceilings, wet bar, sleeper sofa, three Queen bunkbeds (USB ports and marine lights), and access to a massive new composite 25' X 18' observation deck with those never-ending sunset views. Relish in the intoxicating views of the Gulf of Mexico, while relaxing in one of the Sling lounge chairs or Pollywood Adirondack chairs. Other facts and features: sleeps 18-20, parking in front, laundry room with washer and dryer, Navien gas tankless water heater, Wi-Fi controlled Circupool salt generator, Hayward 2500 pool heater and sand filter and Aluminum hurricane shutters on the home. $40,000 in home improvements completed in the last year include BRAND-NEW composite decking and NEW 2nd floor roof under decking. Whether you are seeking a fabulous beach vacation getaway, full time living with endless views of the gulf or a profitable investment property, this home delivers unsurpassed advantages. Call now for your private showing!

Details

Property type

Single Family Residence

Est. home value

$1,053,675

Lot size

2,962 sq ft

Price per sq ft

$474

Year built

2005

Annual property taxes

$6,766

HOA

No

Price History

07/22/2024
CentralPanhandle

CentralPanhandle #758999

Removed
$1,125,000
06/15/2024
CentralPanhandle

CentralPanhandle #758999

Listed
$1,125,000
+3.71%
06/30/2023
CentralPanhandle

CentralPanhandle #741265

Sold
$1,084,707
+87.34%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Patronis

Middle school: 

Surfside

High school: 

Arnold

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

$179,808
Asking price
$1,125,000
Closing costs (~8% of asking)
-$90,000
Est. remaining loan balance
-$855,192
Cash to seller
$179,808

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

Seller’s Loan History

Lender

Lendsure Mortgage Corp

Loan start date

June 2023

Original loan amount

$867,765

Est. remaining balance

$855,192

Interest rate

6.35%

Loan type

New Conventional, 30 year

Seller

Eric Macgregor and Ana Sofia Macgregor

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: Off Market

Tomo last checked: 10/04/2024 at 10:05 PM

Listing updated: 07/17/2024 at 11:43 AM

Listed by: Dennis M Dunnigan, Coastal Choice Realty LLC Phone #: (850) 215-4160

MLS: CentralPanhandle #758999

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