tomo logo

$369,000

Beds
3
Baths
2.5
sq ft
1,620

8730 Thomas Dr Unit 512, Panama City, FL 32408

8730 Thomas Dr Unit 512

Panama City, FL 32408

  • 123 days on market
    • Price drop $20,000↓
Seller has reduced price $20,000! Motivated Seller! Bring Offers! European style condo in the Villas of St. Thomas is perfect for your second home or short-term vacation rental. This 3-bedroom, 2 1/2 bath with lofted master suite is a must see. This unit is 1620 sq. ft. Only two of these in the complex. All new ceiling fans & light fixtures, new cabinets and counter tops, new paint, all new furniture, new big screen TV, all new plank ceramic tile on 1st floor. You can jump into your boat docked on the premises and be in the Bay or Gulf in 20 minutes. St Thomas Square is just a block from the white sandy beaches. Restaurants and Entertainment within walking distance.

Details

Property type

Condominium

Est. home value

$390,949

Lot size

Unknown

Price per sq ft

$228

Year built

1985

Annual property taxes

$3,484

Monthly HOA fee

$1,057.33

Price History

08/27/2024
CentralPanhandle

CentralPanhandle #757353

Price change
$369,000
-5.14%
06/21/2024
CentralPanhandle

CentralPanhandle #757353

Price change
$389,000
-2.51%
05/31/2024
CentralPanhandle

CentralPanhandle #757353

Price change
$399,000
-6.99%

Schools & Community

Neighborhood: 

Lower Grand Lagoon

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Clubhouse, Gated

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

-$59,336
Asking price
$369,000
Closing costs (~8% of asking)
-$29,520
Est. remaining loan balance
-$398,816
Cash to seller
-$59,336

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

Seller’s Loan History

Lender

First Fsla Of Central Illinois

Loan start date

January 2024

Original loan amount

$405,000

Est. remaining balance

$398,816

Interest rate

7.22%

Loan type

Not Provided, 20 year

Seller

Vip Premier Properties Llc

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: 09/19/2024 at 5:40 PM

Listing updated: 09/10/2024 at 3:27 PM

Listed by: Jo Lisa Cochran, Coldwell Banker Carroll Realty Phone #: (850) 249-8200

MLS: CentralPanhandle #757353

CentralPanhandle logo

Recently listed in Panama City

$710,000|4 bd|3.5 ba|House
$339,000|3 bd|2.0 ba|House
$299,900|4 bd|2.0 ba|House
$300,000|3 bd|1.0 ba|House
$529,900|3 bd|2.0 ba|House

Explore top cities in Florida