tomo logo

$400,000

Beds
1
Baths
1.5
sq ft
765

862 Scallop Ct Unit 108, Fort Walton Beach, FL 32548

862 Scallop Ct Unit 108

Fort Walton Beach, FL 32548

  • 93 days on market
Introducing 862 Scallop Ct, Unit 108 - a prime investment opportunity nestled on the 1st floor of Island Sands Condominiums, Fort Walton Beach, FL. This beachfront 1BD/1.5BA, 727 sq ft, condo that sleeps 6 promises a profitable investment at up to $40k+ projected in gross rental income.Immerse yourself in contemporary coastal living just steps from the sugar sand beaches along The Emerald Coast. With direct beach access from your back deck, this condo offers a seamless blend of convenience & tranquility. Enjoy the perks of your own reserved parking space at the front door to unload the car with ease, a community pool, BBQ/Grill Area & bike rack, enhancing its appeal to potential renters.

Details

Property type

Condominium

Est. home value

$415,254

Lot size

Unknown

Price per sq ft

$523

Year built

1983

HOA

Yes

Price History

07/17/2024
EmeraldCoast

EmeraldCoast #957115

Listed
$400,000
-5.88%
06/05/2024
EmeraldCoast

EmeraldCoast #937666

Removed
$425,000
05/08/2024
EmeraldCoast

EmeraldCoast #937666

Price change
$425,000
-2.3%

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

$236,261
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$131,739
Cash to seller
$236,261

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

Seller’s Loan History

Lender

American Mortgage Network Inc

Loan start date

December 2006

Original loan amount

$208,000

Est. remaining balance

$131,739

Interest rate

6.4%

Loan type

Not Provided, 30 year

Seller

Gerald Quinlan and Robin Quinlan

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: 10/18/2024 at 6:15 AM

Listing updated: 09/25/2024 at 8:46 AM

Listed by: Judy A Gibbons, Luxe Coastal Realty Phone #: (848) 220-5555

MLS: EmeraldCoast #957115

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