tomo logo

$340,000

Beds
1
Baths
1.5
sq ft
740

8743 Thomas Dr Unit 1012, Panama City, FL 32408

8743 Thomas Dr Unit 1012

Panama City, FL 32408

  • <1 day on market
***SELLER WILL CONSIDER ALL OFFERS!***The Summit is a long-beloved vacation spot for generations of visitors to Panama City Beach, and unit 1012 is ready for you to take part!This condo unit is fully furnished as a short-term rental and features the following: --Private bedroom with new LVP flooring--En-suite bath off the main bedroom with shower/tub combo--2 twin bunks in the hall--Half bath in the hall--Sleeper sofa in living room--Compact kitchen with all necessities--Extra counter space, drawers, and cabinets--Full size Amana washer and dryer--Tile in hall, baths, and kitchen/dining/living room--GE electric stove--Built-in microwave--Hotpoint refrigerator--Double sink--Dining table with 4 chairs--7' x 15' balcony with outdoor furnitureThe Summit grounds feature a gated entrance, 24-hour security, 2 pools (one heated seasonally), 2 hot tubs, 2 kiddie pools, a poolside Tiki Bar, a full-service restaurant (Bikini Bob's), fitness center, game room, ice cream/snack and gift shops, jet ski rentals, shuffleboard, and lighted tennis/pickleball courts.

Details

Property type

Condominium

Est. home value

$350,620

Lot size

Unknown

Price per sq ft

$460

Year built

1984

Annual property taxes

$3,712

Monthly HOA fee

$747.67

Price History

03/14/2025
CentralPanhandle

CentralPanhandle #770342

Listed
$340,000
-5.56%
07/31/2024
CentralPanhandle

CentralPanhandle #757771

Removed
$360,000
05/28/2024
CentralPanhandle

CentralPanhandle #757771

Listed
$360,000
+10.77%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, 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

$87,999
Asking price
$340,000
Closing costs (~8% of asking)
-$27,200
Est. remaining loan balance
-$224,801
Cash to seller
$87,999

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

Seller’s Loan History

Lender

Investor Mortgage Finance Llc

Loan start date

March 2022

Original loan amount

$238,500

Est. remaining balance

$224,801

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Anthony Ciccotto

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: 03/14/2025 at 10:25 PM

Listing updated: 03/14/2025 at 6:49 PM

Listed by: January Johnson, EXP Realty LLC Phone #: (888) 883-8509

MLS: CentralPanhandle #770342

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