tomo logo

$297,000

Beds
2
Baths
2.5
sq ft
1,325

8700 Front Beach Rd Unit 5302, Panama City Beach, FL 32407

8700 Front Beach Rd Unit 5302

Panama City Beach, FL 32407

  • 341 days on market
    • Price drop $22,000↓
End Unit! This condo offers privacy with a backside patio overlooking a 55+ community behind Island Reserve. The condo has 10' ceilings with crown molding giving it a wonderful open feeling. This condo has been thoughtfully updated featuring modern fixtures, fans, newer appliances, pull out kitchen drawers, newer paint, and LVP flooring. Two master suites offering balcony access as well as custom walk-in closets in each bedroom. Spacious garden tub and separate shower! No long hallways to walk down with groceries as this condo is conveniently located just off the garage. Elevators located in all buildings ensure effortless access to the beautiful amenities. Lagoon style pool with waterfalls, hot tub, pickle ball and basketball courts in gym, state of the art exercise equipment, game room, theater room, beautiful courtyards with lighted fountains for your enjoyment and so much more. Less than 2 miles to the beach! Restaurants, shopping and medical facilities are very close too. Fantastic social committee keeps owners connected with get-to-gethers around the pool and holiday lunches! NO SHORT TERM RENTALS ALLOWED. Just move in, relax, and enjoy!! Golf cart community! Two dogs allowed. NOTE: The half bath that was previously modified to a pantry has now been charged back to a half bath. Master bathtub has been changed from storage back to a full working tub.

Details

Property type

Condominium

Est. home value

$332,605

Lot size

Unknown

Price per sq ft

$225

Year built

2008

Annual property taxes

$1,820

Monthly HOA fee

$503.4

Price History

09/10/2024
CentralPanhandle

CentralPanhandle #747839

Price change
$297,000
-6.9%
04/15/2024
CentralPanhandle

CentralPanhandle #747839

Listed
$319,000
04/14/2024
CentralPanhandle

CentralPanhandle #747839

Removed
$319,000

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, Fitness Center

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

$156,591
Asking price
$297,000
Closing costs (~8% of asking)
-$23,760
Est. remaining loan balance
-$116,649
Cash to seller
$156,591

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

Seller’s Loan History

Lender

Bank Of England

Loan start date

September 2021

Original loan amount

$125,000

Est. remaining balance

$116,649

Interest rate

2.78%

Loan type

New Conventional, 30 year

Seller

Martha S Baggett and Tonja B Womack

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: 09/18/2024 at 8:55 PM

Listing updated: 09/17/2024 at 2:49 PM

Listed by: Diane Tyler, RC Real Estate Group Phone #: (850) 249-6100

MLS: CentralPanhandle #747839

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