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$625,000

Beds
3
Baths
3.0
sq ft
1,525

9900 S Thomas Dr Unit 2228, Panama City, FL 32408

9900 S Thomas Dr Unit 2228

Panama City Beach, FL 32408

  • 112 days on market
    • Price drop $40,000↓
WOW! $40k price reduction! This Seller IS motivated! RARE! 3 BR PLUS BUNK! Balcony and Master bedroom with Gulf/Beach View!There are only 23 units out of 709 that have this large floor plan! This is the largest floor plan in the entire resort!This 3 Bedroom, 3 Bathroom PLUS Bunk Room can easily accommodate 10 people and is fully furnished and rental ready.. Features Include: A/C unit just replaced 9/2022, Luxury Vinyl Plank Flooring Throughout, Stainless Steel Appliances, Granite Countertops, Custom bunkbeds with extra outlets, and Penthouse Views of the Gulf and Beach from the Balcony and Master Bedroom. Shores of Panama offers incredible onsite amenities including almost 500' of beautiful Gulf frontage, a stunning 14,000 sq. ft. lagoon-style pool and hot tub, 2 outdoor tiki huts, a heated indoor pool and hot tub, a fitness center, a sauna/steam room, and a coffee/donut shop, and across from Super Walmart, next door to Waffle House, and the famous Pineapple Willys! This complex is In The Heart Of All The Fun & Excitement In Panama City Beach. Just Steps Away From The World's Most Beautiful White-Sand Beaches, Shopping, Dining & Entertainment. Shores of Panama resort has added a temporary assessment to all condos for two years in order to complete the state requirements regarding the exterior building project. This assessment will be paid out in 8 quarters in the amount of $2031 beginning Jan. 2025.Rental projections next 12 months: $90-$100k.

Details

Property type

Condominium

Est. home value

$678,379

Lot size

Unknown

Price per sq ft

$410

Year built

2007

Annual property taxes

$6,201

Monthly HOA fee

$1,389.89

Price History

11/10/2024
CentralPanhandle

CentralPanhandle #762122

Price change
$625,000
-6.02%
09/01/2024
CentralPanhandle

CentralPanhandle #762122

Listed
$665,000
-4.99%
04/27/2024
CentralPanhandle

CentralPanhandle #747244

Removed
$699,900

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Number of units in community: 

709

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

$307,677
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$267,323
Cash to seller
$307,677

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

Seller’s Loan History

Lender

Fbt Mortgage Llc

Loan start date

April 2021

Original loan amount

$290,400

Est. remaining balance

$267,323

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Trisha Fowler and Steven Fowler

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?

Status: Active

Tomo last checked: 12/23/2024 at 10:55 AM

Listing updated: 11/20/2024 at 12:50 PM

Listed by: Carla D Singleton, Ohana Real Estate Services Phone #: (850) 890-8457

MLS: CentralPanhandle #762122

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