tomo logo

$340,000

Beds
1
Baths
2.0
sq ft
1,047

9860 S Thomas Dr Unit 2018, Panama City, FL 32408

9860 S Thomas Dr Unit 2018

Panama City Beach, FL 32408

  • 179 days on market
    • Price drop $35,000↓
Introducing a charming 1 bed, 2 bath condo unit that offers the best coastal living! Nestled just across the street from the pristine beach, this property promises a unique blend of convenience and serenity.Step inside to discover a well-designed living space flooded with natural light, where the soothing sounds of the ocean are your daily soundtrack. The open-concept layout seamlessly connects the living, dining and kitchen areas, making it perfect for both relaxation and entertaining.You will be captivated by the stunning ocean view from the private balcony where every sunrise & sunset becomes breathtaking spectacle. Enjoy your morning coffee or unwind with a glass of wine while taking in the soothing waves.This unit also comes with a range of amenities including a fitness center, pool and secured parking. Plus, it's conveniently located near shops, restaurants and all the attractions that make coastal living so appealing.That's not it. Unit is turnkey with impressive rental income. Don't miss this opportunity to own a slice of paradise with a view that will steal your heart!

Details

Property type

Condominium

Est. home value

$363,301

Lot size

Unknown

Price per sq ft

$325

Year built

2008

Annual property taxes

$3,337

Monthly HOA fee

$659.56

Price History

09/10/2024
CentralPanhandle

CentralPanhandle #754792

Price change
$340,000
-9.33%
03/26/2024
CentralPanhandle

CentralPanhandle #754792

Listed
$375,000
+63.11%
12/29/2020
CentralPanhandle

CentralPanhandle #704677

Sold
$229,900

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Fitness Center, Golf

Number of units in community: 

765

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

$174,396
Asking price
$340,000
Closing costs (~8% of asking)
-$27,200
Est. remaining loan balance
-$138,404
Cash to seller
$174,396

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

December 2020

Original loan amount

$172,425

Est. remaining balance

$138,404

Interest rate

2.34%

Loan type

New Conventional, 16 year

Seller

Debasmita Mohanty and Gurudutta Mohanty

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 7:25 PM

Listing updated: 09/10/2024 at 1:19 AM

Listed by: Shakhodat Talipova, Engel & Volkers 30A Beaches Phone #: (850) 213-2800

MLS: CentralPanhandle #754792

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