tomo logo

$320,000

Beds
2
Baths
2.5
sq ft
1,325

8700 Front Beach Rd Unit 7111, Panama City Beach, FL 32407

8700 Front Beach Rd Unit 7111

Panama City Beach, FL 32407

  • 52 days on market
FIRST FLOOR WITH LARGE PATIO. If a little privacy is what you're after, Unit 7111 at Island Reserve is the perfect fit. This highly desirable first floor condo features a spacious patio bordered by lush shrubs on both sides and ideal for enjoying your morning coffee in peace. Located in a unique, gated community with no short-term rentals, Island Reserve is just minutes from restaurants and the beach, offering both convenience and tranquility. The foyer has a uniqueness to it that everyone entering loves leading into a bright kitchen, dining and living space with high ceilings. The kitchen is equipped with stainless steel appliances, convenient pull-out pantry drawers, and a washer & dryer that stays. Coastal colors that inspire relaxation. The condo features two master bedrooms, each with walk-in closets and private baths, plus an additional half bath for guests. Island Reserve offers plenty of ways to connect with your neighbors, from social gatherings to the expansive resort-style amenities. Enjoy an acre island style pool with a zero entry side, a hot tub, game room, theater room, pickleball/basketball court, and a modern fitness center. Each building includes elevators for easy access. Schedule an appointment today! Will sell furnished or unfurnished. Golf cart community, 2 dog policy.

Details

Property type

Condominium

Est. home value

$321,435

Lot size

Unknown

Price per sq ft

$242

Year built

2008

Annual property taxes

$2,392

Monthly HOA fee

$584.9

Price History

10/31/2024
CentralPanhandle

CentralPanhandle #764514

Listed
$320,000
+23.08%
06/30/2021
CentralPanhandle

CentralPanhandle #712276

Sold
$260,000
+19.54%
02/10/2020
CentralPanhandle

CentralPanhandle #689859

Sold
$217,500
+43.09%

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

$164,855
Asking price
$320,000
Closing costs (~8% of asking)
-$25,600
Est. remaining loan balance
-$129,545
Cash to seller
$164,855

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

June 2021

Original loan amount

$140,000

Est. remaining balance

$129,545

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Hershel C Sasser and Delores M Sasser

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: 12/23/2024 at 2:15 PM

Listing updated: 12/19/2024 at 7:20 PM

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

MLS: CentralPanhandle #764514

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