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$364,999

Beds
1
Baths
1.0
sq ft
609

9850 S Thomas Dr Unit 1102E, Panama City, FL 32408

9850 S Thomas Dr Unit 1102E

Panama City Beach, FL 32408

  • 439 days on market
    • Price drop $4,901↓
Over $45k in rental income!! Negotiable seller ready to make a deal! Significant flexibility in pricing--bring your offer and let's work together to close! Back on the market! No fault to seller, financing fell through.Welcome to your piece of paradise! This 1 bed, 1 bath beachfront condo is a golden opportunity. Currently a thriving short-term rental, it's fully furnished and in 2023 generated nearly $45,000 in rental INCOME. Assessments have been paid, offering peace of mind. Unlike some, this condo has a nearly secluded balcony, beautiful full view down the coast and a unique owner's closet.

Details

Property type

Condominium

Est. home value

$360,955

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

$600

Year built

1984

Annual property taxes

$2,365

Monthly HOA fee

$701.8

Price History

05/04/2024
CentralPanhandle

CentralPanhandle #746261

Price change
$364,999
-1.32%
03/27/2024
CentralPanhandle

CentralPanhandle #746261

Price change
$369,900
-0.83%
02/17/2024
CentralPanhandle

CentralPanhandle #746261

Price change
$372,995
-0.27%

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Raymond C Deluca

Loan start date

April 2022

Original loan amount

$279,200

Est. remaining balance

Not provided

Interest rate

3.85%

Loan type

Seller take-back, 5 year

Seller

Don Turner

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: 11/19/2024 at 6:10 PM

Listing updated: 11/16/2024 at 4:49 PM

Listed by: Maggie Fowler, Lifes A Beach Real Estate, LLC Phone #: (850) 249-9111

MLS: CentralPanhandle #746261

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