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$379,000

Beds
1
Baths
1.5
sq ft
740

8743 Thomas Dr Unit 1024, Panama City, FL 32408

8743 Thomas Dr Unit 1024

Panama City Beach, FL 32408

  • 103 days on market
Beautifully Updated Gulf Front Condo at the popular Summit Condominiums with exceptional views from the 10th floor! King Master En Suite, bunks in hallway (with kindle tablets and fans), and Queen Sleeper Sofa deliver many sleeping options! This condo is completely turn-key with strong rental numbers and comes fully furnished. Newer Remodel, including cabinets, granite, paint, toilets, stackable washer/dryer. This unit also has tile throughout, so really nothing for you to do. 1.5 bath is accessible from the hallway and master bedroom. The Summit is situated on 600 feet of sugar white sandy beach. It offers resort amenities including 2 outdoor pools, two hot tubs, a large pool deck area (with tiki bar and grill), kiddie/children's pools, lighted basketball courts, shuffle board court, and a game room.

Details

Property type

Condominium

Est. home value

$364,666

Lot size

Unknown

Price per sq ft

$513

Year built

1984

Monthly HOA fee

$724.33

Price History

08/11/2024
CentralPanhandle

CentralPanhandle #761179

Listed
$379,000
+17.7%
11/17/2021
CentralPanhandle

CentralPanhandle #715711

Sold
$322,000
+119.05%
10/22/2015
CentralPanhandle

CentralPanhandle #633867

Sold
$147,000

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

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

$116,815
Asking price
$379,000
Closing costs (~8% of asking)
-$30,320
Est. remaining loan balance
-$231,865
Cash to seller
$116,815

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

Seller’s Loan History

Lender

Lendsure Mortgage Corp

Loan start date

November 2021

Original loan amount

$247,840

Est. remaining balance

$231,865

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Jason Mitchell and Katherine Mitchell

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: 11/22/2024 at 11:35 PM

Listing updated: 09/26/2024 at 11:10 PM

Listed by: Kelly R Zarda, Emerald Coast Real Estate & Vacations LLC Phone #: (850) 290-2355

MLS: CentralPanhandle #761179

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