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$224,412Estimated home value

Beds
Unknown
Baths
1.0
sq ft
448

8618 Surf Dr Unit 102, Panama City, FL 32408

8618 Surf Dr Unit 102

Panama City Beach, FL 32408

  • Sold On 6/16/2024
    • Price drop $10,000↓
CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERSOwner Financing Potential. Great little efficiency rental condo on the east side of Panama City Beach. Fresh paint and nice tile floors. Murphy Bed with custom wood panels. Unit can be a rental producer with active owner. Used as a 2nd beach condo by current owner! Turn key and ready to rent!

Details

Property type

Condominium

Est. home value

$224,412

Lot size

Unknown

Price per sq ft

$525

Year built

1982

Annual property taxes

$1,738

Monthly HOA fee

$250

Price History

06/14/2024
CentralPanhandle

CentralPanhandle #753671

Sold
$225,000
-4.26%
05/07/2024
CentralPanhandle

CentralPanhandle #753671

Pending
$235,000
04/05/2024
CentralPanhandle

CentralPanhandle #753671

Price change
$235,000
-4.08%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

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

$48,598
Asking price
$235,000
Closing costs (~8% of asking)
-$18,800
Est. remaining loan balance
-$167,602
Cash to seller
$48,598

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

Seller’s Loan History

Lender

Midriv Llc

Loan start date

March 2023

Original loan amount

$187,000

Est. remaining balance

$167,602

Interest rate

5.52%

Loan type

Not Provided, 10 year

Seller

Elizabeth Blair Hart

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: 07/27/2024 at 1:20 AM

Listing updated: 06/16/2024 at 12:55 AM

Listed by: Matthew T Jones MBA, Coastal Heritage Real Estate LLC Phone #: (850) 249-0521

MLS: CentralPanhandle #753671

CentralPanhandle logo

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