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$355,000

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

  • 238 days on market
    • Price drop $60,000↓
MAJOR PRICE DROP! 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

Details

Property type

Condominium

Est. home value

$422,769

Lot size

Unknown

Price per sq ft

$465

Year built

1983

Monthly HOA fee

$1,060.62

Price History

08/15/2024
EmeraldCoast

EmeraldCoast #940821

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

EmeraldCoast #940821

Removed
$415,000
05/03/2024
EmeraldCoast

EmeraldCoast #940821

Price change
$415,000
-4.6%

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

$81,157
Asking price
$355,000
Closing costs (~8% of asking)
-$28,400
Est. remaining loan balance
-$245,443
Cash to seller
$81,157

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

$245,443

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?

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Status: Active

Tomo last checked: 09/19/2024 at 8:05 PM

Listing updated: 09/06/2024 at 3:14 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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