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$325,000

Beds
1
Baths
1.5
sq ft
740

8743 Thomas Dr Unit 207, Panama City, FL 32408

8743 Thomas Dr Unit 207

Panama City Beach, FL 32408

  • 162 days on market
    • Price drop $15,000↓
It sounds like a fantastic opportunity, whether you're considering it as an investment or a second home for beach getaways! The beautifully decorated condo with beach and pool views is likely to attract renters and make for a cozy retreat. The fact that it accommodates seven people is a plus, as it opens up the potential for larger groups or families to stay comfortably. Additionally, the Summit's amenities catering to various age groups add to its appeal and could attract more visitors. Close to restaurants and shops, you'll have everything you need right at your fingertips. So kick back, soak up the sun, and enjoy beach living at its finest!

Details

Property type

Condominium

Est. home value

$366,058

Lot size

Unknown

Price per sq ft

$440

Year built

1984

Monthly HOA fee

$724.33

Price History

06/24/2024
CentralPanhandle

CentralPanhandle #755626

Price change
$325,000
-4.41%
04/27/2024
CentralPanhandle

CentralPanhandle #755626

Price change
$340,000
-2.86%
04/12/2024
CentralPanhandle

CentralPanhandle #755626

Listed
$350,000

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Gated, Park

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

$245,968
Asking price
$325,000
Closing costs (~8% of asking)
-$26,000
Est. remaining loan balance
-$53,032
Cash to seller
$245,968

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

Seller’s Loan History

Lender

Chase Manhattan Mtg Corp

Loan start date

July 2002

Original loan amount

$111,200

Est. remaining balance

$53,032

Interest rate

6.89%

Loan type

Not Provided, 30 year

Seller

Myra Smith and Nancy T Odom

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: 09/21/2024 at 6:55 PM

Listing updated: 06/24/2024 at 11:34 AM

Listed by: Keith Hodges, Counts Real Estate Group Inc Phone #: (850) 249-3615

MLS: CentralPanhandle #755626

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