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$325,000

Beds
1
Baths
1.5
sq ft
765

862 Scallop Ct Unit 105, Fort Walton Beach, FL 32548

862 Scallop Ct Unit 105

Fort Walton Beach, FL 32548

  • 303 days on market
    • Price drop $30,000↓
MOTIVATED SELLER! Come tour this beachfront gem at Island Sands Condominiums, Okaloosa Island. This 1BD/1.5BA, 727 sq ft condo on the 1st floor promises more than a residence; it's a smart investment with up to $40k rental income potential. Sleeping up to 6, this contemporary beach-style haven offers direct beach access steps from your back deck. Picture mornings embracing the Gulf breeze and evenings with the sun setting over the sugar sand beach of The Emerald Coast. Enjoy the perks of ownership, including your own reserved parking space, community pool, BBQ/Grills, Picnic area & Bike Rack. With a strategic location on the 1st floor, this condo maximizes rental appeal year-round. Step seamlessly from your back deck to the beach, which offers an unparalleled & hassle-free experience for potential renters. Recent improvements include a brand-new HVAC system installed mid-2023, providing efficient climate control throughout the year. The home also features a brand-new washer/dryer unit in 2024. The kitchen is equipped with a new ice maker (2023), new disposal unit (2023) and new outdoor grill (1st floor only). These updates, combined with the condo's existing features, make it a perfect choice for anyone looking for a rental-ready property! Seize the chance to invest in a property that harmonizes convenience, style, and income potential. Schedule a tour today and witness firsthand the allure of this beachfront condo on Okaloosa Island. Your investment journey begins here! Located directly on the turquoise waters of the Gulf of Mexico along The Emerald Coast, Island Sands Condominiums in Fort Walton Beach offer a peaceful retreat that has everything you want in a home or investment at the beach! Island Sands on Okaloosa Island are literally steps from the soft, sugar sand beachfront, from patio to beach in seconds. Island Sands amenities include: Community Pool / Community Grills / Beach Chair Service (available for rent) / Beach Walkway & Deeded Access / Gulf front / Outdoor showers. Favorite nearby restaurants are Stewbys, AJ's, Old Bay Steamer, The Gulf, Anglers & The Boardwalk are all within a quick drive & offer a variety of dining options, nightlife & even a marine theme park where you can catch a dolphin show. Adjacent to Grocery, Athletic Clubs, Shopping & other attractions within the Fort Walton Beach area! All dimensions and information to be verified by the buyer.

Details

Property type

Condominium

Est. home value

$422,769

Lot size

Unknown

Price per sq ft

$425

Year built

1983

Monthly HOA fee

$1,060.62

Price History

11/14/2024
EmeraldCoast

EmeraldCoast #940821

Price change
$325,000
-8.45%
08/15/2024
EmeraldCoast

EmeraldCoast #940821

Price change
$355,000
-14.46%
07/26/2024
EmeraldCoast

EmeraldCoast #940821

Removed
$415,000

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

$55,084
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$243,916
Cash to seller
$55,084

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

Seller’s Loan History

Lender

Embrace Home Loans Inc

Loan start date

September 2021

Original loan amount

$262,500

Est. remaining balance

$243,916

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Ralph Edward Alford and Norma Jean Alford

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: 11/23/2024 at 2:00 PM

Listing updated: 11/18/2024 at 3:15 PM

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

MLS: EmeraldCoast #940821

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