tomo logo

$300,000

Beds
1
Baths
1.5
sq ft
740

8743 Thomas Dr Unit 226, Panama City, FL 32408

8743 Thomas Dr Unit 226

Panama City Beach, FL 32408

  • 195 days on market
    • Price drop $30,000↓
Cutest unit you will ever find at The Summit! Conveniently located on the East side of the building where you can just skip the elevators and go up one flight of stairs to your unit. This modern 1-BR/1.5-BA plus bunks condo can easily accommodate 6-guests and is equipped with a full size kitchen with white shaker style cabinets and subway backsplash, all modern furniture and LVP flooring. You will fall in love the moment that you step inside and walk up to the balcony, truly the best views in the building, right in between the pool and Bikini Bobs, where you will have straight views of the white sugary sand and turquoise waters of the Gulf of Mexico in beautiful Panama City Beach. While unit doesn't offer washer & dryer, there's a LAUNDRY facility on the ground floor. HVAC 2015 and wall mounted compressor installed in 2020. The water heater is from 2015.The Summit is a gated community with 2 beachfront pools, being one heated seasonally, 2-poolside hot tubs and one indoor, sauna, 2-kids pool, exercise room, game room, shuffleboard, lighted pickle ball courts. The complex also offers an ice cream shop, gift shop, convenience store and everyone's favorite, poolside Bikini Bob Grill & Bar.All Information is deemed to be reliable, but is not guaranteed, buyer to verify if important.

Details

Property type

Condominium

Est. home value

$366,044

Lot size

Unknown

Price per sq ft

$406

Year built

1984

Annual property taxes

$3,622

Monthly HOA fee

$724.33

Price History

07/25/2024
CentralPanhandle

CentralPanhandle #753951

Price change
$300,000
-9.09%
05/14/2024
CentralPanhandle

CentralPanhandle #753951

Price change
$330,000
-8.08%
03/28/2024
CentralPanhandle

CentralPanhandle #753951

Price change
$359,000
-7.71%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Fitness Center, Gated

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

$84,338
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$191,662
Cash to seller
$84,338

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

Seller’s Loan History

Lender

Renasant Bank

Loan start date

September 2021

Original loan amount

$232,500

Est. remaining balance

$191,662

Interest rate

2.1%

Loan type

New Conventional, 15 year

Seller

Michael David and Abegayle Bixon

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?

Similar Homes Nearby

Price drop
CentralPanhandle
$300,000
1 bd
|
1.5 ba
|
740 sq ft
|
Condo

8743 Thomas Dr Unit 727, Panama City, FL 32408

Price drop
CentralPanhandle
$335,000
1 bd
|
1.5 ba
|
740 sq ft
|
Condo

8743 Thomas Dr Unit 322, Panama City, FL 32408

Price drop
CentralPanhandle
$314,500
1 bd
|
1.5 ba
|
740 sq ft
|
Condo

8743 Thomas Dr Unit 508, Panama City, FL 32408

Status: Active

Tomo last checked: 09/19/2024 at 11:50 PM

Listing updated: 09/09/2024 at 7:19 PM

Listed by: Sean P Casilli, Coldwell Banker Realty Phone #: (850) 234-6696

MLS: CentralPanhandle #753951

CentralPanhandle logo