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$239,500

Beds
1
Baths
1.5
sq ft
1,588

8700 Front Beach Rd Unit 5310, Panama City Beach, FL 32407

8700 Front Beach Rd Unit 5310

Panama City Beach, FL 32407

  • 86 days on market
Enjoy living at Island Reserve, a gated, luxury condominium on Panama City Beach. The parking garage just steps outside of your door. This unit offers 1 bedroom, 1 1/2 baths, nicely updated with vinyl plank flooring and new lights in the dining area. The open living and dining area give ample space for both living room furniture and a good sized dining table. The kitchen has all new Samsung kitchen appliances. The microwave has the convection, bake or roast option, the range oven is an air fryer, convection oven or regular bake oven options. The Refrigerator and dishwasher are new as well. This unit is located in a quiet area of the condominium, with the living room and master bedroom balconies overlooking the neighborhood. The master bedroom and ensuite is located on the 2nd floor of the unit. There are two large walk in closets, the master bath has two separate sink areas, a large soaker tub and separate shower. Also on the second floor is an area which could be used as a bunk room, office or storage room. The laundry room is also conveniently located on the 2nd floor of the unit. Island Reserve Condominiums have beautiful lush grounds to enjoy and includes a lagoon pool with rock waterfall, fitness room, club house, indoor basketball, volleyball, aerobic court, billiard and game room and media center with 100' theater screen, plus more! Easy to show, call your favorite Realtor today to see this beautiful condominium. All sizes are approximate, buyer to confirm is necessary.

Details

Property type

Condominium

Est. home value

$265,859

Lot size

Unknown

Price per sq ft

$151

Year built

2008

Annual property taxes

$2,097

Monthly HOA fee

$619.84

Price History

07/10/2024
CentralPanhandle

CentralPanhandle #759695

Listed
$239,500
+6.44%
08/10/2021
CentralPanhandle

CentralPanhandle #713385

Sold
$225,000
+33.53%
09/18/2019
CentralPanhandle

CentralPanhandle #684927

Sold
$168,500
+40.42%

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

$52,261
Asking price
$239,500
Closing costs (~8% of asking)
-$19,160
Est. remaining loan balance
-$168,079
Cash to seller
$52,261

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

Seller’s Loan History

Lender

Keller Mortgage Llc

Loan start date

August 2021

Original loan amount

$180,000

Est. remaining balance

$168,079

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Leslie Dean Hines and Orit Hines

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: 10/05/2024 at 3:30 AM

Listing updated: 09/26/2024 at 11:11 PM

Listed by: Cindy J Hamre, Coastal Choice Realty LLC Phone #: (850) 215-4160

MLS: CentralPanhandle #759695

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