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$235,000

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

  • 50 days on market
    • Price drop $10,000↓
Owner 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

04/05/2024
CentralPanhandle

CentralPanhandle #753671

Price change
$235,000
-4.08%
03/04/2024
CentralPanhandle

CentralPanhandle #753671

Listed
$245,000
+11.36%
01/20/2023
CentralPanhandle

CentralPanhandle #736622

Sold
$220,000

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool

Tracey, Home Search Advisor
Tracey
Home Search Advisor

How can I help? Hi, I’m Tracey, your real estate expert. Send me your questions about this listing or about shopping for homes.

Response time: 20 min or less

or text or call (404) 738-5385

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

$44,852
Asking price
$235,000
Closing costs (~8% of asking)
-$18,800
Est. remaining loan balance
-$171,348
Cash to seller
$44,852

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

$171,348

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?

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Status: Active

Tomo last checked: 04/23/2024 at 2:15 PM

Listing updated: 04/05/2024 at 2:56 PM

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

MLS: CentralPanhandle #753671

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Disclaimers

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of Central Panhandle Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Central Panhandle Association of REALTORS®. All Rights Reserved.