tomo logo

$399,000

Beds
2
Baths
2.0
sq ft
907

9900 S Thomas Dr Unit 416, Panama City, FL 32408

9900 S Thomas Dr Unit 416

Panama City, FL 32408

  • 123 days on market
    • Price drop $16,000↓
LOW FLOOR - It doesn't get any better than this! DEEDED parking spot on the same level so you never have to tow your luggage onto elevators. Unit numbers ending with the number 16 are positioned in the center of the building providing the Primary bedroom with awesome GULF Views and direct straight balcony views of the pool and turquoise waters of the Gulf of Mexico in Panama City Beach, Florida! Shores of Panama 416 is a 4th floor, type ''C'' floor plan with 2 Bedrooms, 2 full bathrooms, and laundry that conveys fully furnished and rental-ready. This unit has been freshly painted, equipped with new TV's and new living room furniture, and has tile flooring throughout so it is easy to clean and maintain. All assessments paid in full. Generated $43,000 in rental income in 2022. Shores of Panama Resort Condominiums are world-renowned for their massive resort-style lagoon pool complete with hot tub and Tiki bars. Other amenities include an indoor heated pool, spa, fitness center, sauna, steam room, and in-resort shopping. All information and HOA Fees are deemed correct, buyers should verify if they are important.

Details

Property type

Condominium

Est. home value

$408,423

Lot size

Unknown

Price per sq ft

$440

Year built

2007

Annual property taxes

$4,326

Monthly HOA fee

$952.64

Price History

05/22/2024
CentralPanhandle

CentralPanhandle #756729

Price change
$399,000
-3.86%
05/06/2024
CentralPanhandle

CentralPanhandle #756729

Listed
$415,000
+9.24%
03/29/2024
CentralPanhandle

CentralPanhandle #740795

Removed
$379,900

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Fitness Center, Park

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

$274,538
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$92,542
Cash to seller
$274,538

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

November 2021

Original loan amount

$110,000

Est. remaining balance

$92,542

Interest rate

2.28%

Loan type

New Conventional, 15 year

Seller

My T Phan and Hung Quoc Phan

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: 09/07/2024 at 5:25 PM

Listing updated: 08/19/2024 at 5:15 PM

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

MLS: CentralPanhandle #756729

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