tomo logo

$349,900

Beds
1
Baths
1.5
sq ft
740

8743 Thomas Dr Unit 918, Panama City, FL 32408

8743 Thomas Dr Unit 918

Panama City Beach, FL 32408

  • 109 days on market
    • Price drop $20,000↓
Excellent rental right off the elevator that is booked through October! This Summit unit comes fully furnished and is turn key ready for somebody wanting to make an immediate return on their investment. This 9th floor one bed/two bath unit has been well maintained for years and has an updated interior throughout featuring a new sliding glass patio door. The Summit is located in the heart of Panama City Beach on Thomas Drive, close to the area's top attractions and restaurants. Contact your agent for showings and details!

Details

Property type

Condominium

Est. home value

$366,809

Lot size

Unknown

Price per sq ft

$473

Year built

1984

Monthly HOA fee

$724.33

Price History

07/12/2024
CentralPanhandle

CentralPanhandle #758720

Price change
$349,900
-5.41%
07/01/2024
CentralPanhandle

CentralPanhandle #758720

Price change
$369,900
-2.4%
06/16/2024
CentralPanhandle

CentralPanhandle #758720

Listed
$379,000
+1.07%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Fitness Center, 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

$26,583
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$295,325
Cash to seller
$26,583

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

Seller’s Loan History

Lender

Bankplus

Loan start date

May 2023

Original loan amount

$300,000

Est. remaining balance

$295,325

Interest rate

6.32%

Loan type

New Conventional, 30 year

Seller

Raymond Junkin Jr and Michelle Gremillion Junkin

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 731, Panama City, FL 32408

Status: Active

Tomo last checked: 10/04/2024 at 11:30 PM

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

Listed by: Dale D Gumm, Anchor Realty Florida Phone #: (850) 899-7999

MLS: CentralPanhandle #758720

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