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$399,000

Beds
2
Baths
1.5
sq ft
1,140

8422 Thomas Dr Unit C, Panama City, FL 32408

8422 Thomas Dr Unit C

Panama City Beach, FL 32408

  • 151 days on market
    • Price drop $30,000↓
Welcome to your slice of paradise at 8422 Thomas Drive! This perfect beach rental offers an unparalleled coastal lifestyle, which is on the East end of Panama City Beach in the Bel Air Community. Steps away from the Gulf of Mexico, sugar white sands and emerald green water. 2 bedrooms, 1.5 bathrooms, and fully furnished for your convenience, this charming retreat is an ideal investment opportunity as a vacation rental or a tranquil primary beach home. Relax at home with the full kitchen or dine out, with multiple restaurants nearby.Wake up to breathtaking sunrises and spend lazy afternoons soaking up the sun on your front porch or balconies, or unwind with spectacular sunsets over the Gulf.Convenience is key, with a plethora of restaurants, entertainment options, and an amusement park/arcade within easy reach. Whether you're craving fresh seafood or vibrant nightlife, everything you desire is just moments away.The backyard of this beachside haven is fenced, offering privacy and the opportunity to create your own oasis. Transform the space with a water feature, hot tub, or swim spa, or indulge your green thumb and landscape to your heart's content. The possibilities are endless for creating your personal sanctuary at the beach.With no HOA, this townhome is ideal for both long-term and short-term rental investments. Recently replaced roof in 2021, this property offers peace of mind and hassle-free ownership. Whether you're seeking a lucrative investment or a permanent beach retreat, 8422 Thomas Drive checks all the boxes.Bonus- all furniture is included, making it perfect for a turnkey investment opportunity or for personal use!Schedule your visit today and let the soothing waves and the salty ocean breeze welcome you home.

Details

Property type

Townhouse

Est. home value

$353,664

Lot size

2,850 sq ft

Price per sq ft

$350

Year built

1983

Annual property taxes

$2,563

HOA

No

Price History

05/10/2024
CentralPanhandle

CentralPanhandle #755977

Price change
$399,000
-6.99%
04/21/2024
CentralPanhandle

CentralPanhandle #755977

Listed
$429,000
+90.75%
12/29/2020
CentralPanhandle

CentralPanhandle #704018

Sold
$224,900

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

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

$201,856
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$165,224
Cash to seller
$201,856

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

December 2020

Original loan amount

$179,920

Est. remaining balance

$165,224

Interest rate

2.84%

Loan type

New Conventional, 30 year

Seller

Yun Liu

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: 09/19/2024 at 6:20 PM

Listing updated: 09/06/2024 at 3:19 PM

Listed by: Team Don and Bubba, Counts Real Estate Group Inc Phone #: (850) 249-3615

MLS: CentralPanhandle #755977

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