tomo logo

$345,000

Beds
1
Baths
1.5
sq ft
740

8743 Thomas Dr Unit 1320, Panama City, FL 32408

8743 Thomas Dr Unit 1320

Panama City, FL 32408

  • 121 days on market
Beautifully decorated with sweeping views of the gulf waters. The unit accommodates for up to 6 guests, fully equipped kitchen, updated furniture, smart TV's, new Washer-Dryer combo. 2 new vanities, newer hot water tank and New HVAC. The gross rental income for 2021 was at $67,665. The Summit is a popular resort and offers lots of amenities: 2 large pools, 2 kids pools, 2 outdoor hot tubs, 1 indoor hot tub, Sauna, Tiki Bar, Convenience Store, Game Room, Fitness Center. Come see this Beautiful and Updated Unit for yourself!

Details

Property type

Condominium

Est. home value

$365,659

Lot size

Unknown

Price per sq ft

$467

Year built

1984

Annual property taxes

$3,274

Monthly HOA fee

$640

Price History

08/23/2024
CentralPanhandle

CentralPanhandle #761738

Listed
$345,000
+82.54%
03/22/2019
CentralPanhandle

CentralPanhandle #678936

Sold
$189,000

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Park, Tennis Court(s)

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

$211,977
Asking price
$345,000
Closing costs (~8% of asking)
-$27,600
Est. remaining loan balance
-$105,423
Cash to seller
$211,977

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

Seller’s Loan History

Lender

Fbt Mortgage Llc

Loan start date

March 2019

Original loan amount

$132,300

Est. remaining balance

$105,423

Interest rate

4.46%

Loan type

New Conventional, 20 year

Seller

Bestside Homes 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?

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8743 Thomas Dr Unit 711, Panama City, FL 32408

Status: Active

Tomo last checked: 12/23/2024 at 2:40 PM

Listing updated: 08/23/2024 at 4:49 PM

Listed by: Scott W Fader, Joseph Walter Realty LLC Phone #: (888) 227-1009

MLS: CentralPanhandle #761738

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