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$375,000

Beds
1
Baths
1.5
sq ft
765

862 Scallop Ct Unit 104, Fort Walton Beach, FL 32548

862 Scallop Ct Unit 104

Fort Walton Beach, FL 32548

  • 423 days on market
    • Price drop $40,000↓
**MAJOR PRICE DROP!** Come tour this lovely, fully furnished investment property located at popular Island Sands on Okaloosa Island! Experience the ultimate beach getaway in this bright, contemporary-styled 1BD/1.5BA condo with first floor access & just steps from the sugar sand beachfront of Fort Walton Beach, Florida! This beachfront condo is an incredible opportunity to own a slice of paradise in a highly sought-after location & $39k gross rental income in 2022. This stylish condo offers convenience & relaxation like no other with a private patio, fully equipped kitchen, updated bathrooms, king size bed in main bedroom with NEW carpet (9/2023), two queen sleeper sofas, washer/dryer, colorful & modern-styled living area with enough space to comfortably sleep 6.

Details

Property type

Condominium

Est. home value

$437,870

Lot size

Unknown

Price per sq ft

$491

Year built

1983

Monthly HOA fee

$1,060.62

Price History

08/14/2024
EmeraldCoast

EmeraldCoast #928406

Price change
$375,000
-9.64%
03/01/2024
EmeraldCoast

EmeraldCoast #928406

Price change
$415,000
-4.6%
01/23/2024
EmeraldCoast

EmeraldCoast #928406

Price change
$435,000
-2.25%

Schools & Community

Elementary school: 

Edwins

Middle school: 

Bruner

High school: 

Fort Walton Beach

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

$95,903
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$249,097
Cash to seller
$95,903

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

Seller’s Loan History

Lender

Fbt Mortgage Llc

Loan start date

June 2021

Original loan amount

$268,000

Est. remaining balance

$249,097

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Jason Michael Cummins and Kara Cummins

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: 09/19/2024 at 10:40 PM

Listing updated: 09/16/2024 at 4:45 PM

Listed by: Veronica K Johnson, Veronica K Johnson, Veronica K Johnson, LPT Realty LLC Phone #: (877) 366-2213

MLS: EmeraldCoast #928406

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