tomo logo

$365,000

Beds
1
Baths
1.5
sq ft
740

8743 Thomas Dr Unit 1212, Panama City, FL 32408

8743 Thomas Dr Unit 1212

Panama City, FL 32408

  • 57 days on market
    • Price drop $4,999↓
Welcome to this beautiful, recently renovated 12th floor condo directly on the beach in the Summit! This unit comes fully furnished with new appliances, sleeper sofa, bunk beds and a king size bed! This condo has been a great rental and currently has a 4.84 star rating on AirBNB and 5 stars on VRBO. Great location near restaurants and tourist attractions! The Summit has two pools (one heated), hot tubs, a tiki bar, a market and on site maintenance!

Details

Property type

Condominium

Est. home value

$356,173

Lot size

Unknown

Price per sq ft

$494

Year built

1984

Annual property taxes

$3,274

Monthly HOA fee

$724.58

Price History

09/08/2024
CentralPanhandle

CentralPanhandle #760330

Price change
$365,000
-1.35%
08/27/2024
CentralPanhandle

CentralPanhandle #760330

Price change
$369,999
-1.31%
08/13/2024
CentralPanhandle

CentralPanhandle #760330

Price change
$374,900
-1.32%

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

$68,204
Asking price
$365,000
Closing costs (~8% of asking)
-$29,200
Est. remaining loan balance
-$267,596
Cash to seller
$68,204

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

Seller’s Loan History

Lender

Northpointe Bank

Loan start date

June 2023

Original loan amount

$271,500

Est. remaining balance

$267,596

Interest rate

6.39%

Loan type

New Conventional, 30 year

Seller

Charles Fenner and Erin Fenner

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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CentralPanhandle
$379,000
1 bd
|
1.5 ba
|
740 sq ft
|
Condo

8743 Thomas Dr Unit 1024, Panama City, FL 32408

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CentralPanhandle
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9900 S Thomas Dr Unit 1327, Panama City, FL 32408

Status: Active

Tomo last checked: 09/18/2024 at 10:05 PM

Listing updated: 09/08/2024 at 12:09 PM

Listed by: Moe Mossa, Savvy Avenue LLC Phone #: (888) 490-1268

MLS: CentralPanhandle #760330

CentralPanhandle logo

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