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$295,000

Beds
3
Baths
2.0
sq ft
1,262

9902 S Thomas Dr Unit 1630, Panama City, FL 32408

9902 S Thomas Dr Unit 1630

Panama City, FL 32408

  • 95 days on market
    • Price drop $30,000↓
Welcome to your new 2 Bed/2 Bath, with bonus bunk room, Income-Generating Beach Condo with Stunning Lake Views - Turnkey & Rental-Ready! This beach condo is perfect for families or groups seeking a vacation haven. Recent updates include new HVAC and new hot water heater. This 1,262-square-foot gem is designed for comfort and style, featuring breathtaking lake views from both the living room and primary bedroom, with direct balcony access from each. Enjoy a spacious en suite bathroom with dual vanities, a relaxing garden tub, and a stand-up shower for a spa-like experience.The modern kitchen boasts granite countertops, sleek stainless steel appliances, and plenty of space for culinary creativity, whether you're making a quick breakfast or hosting a dinner. Step outside to your oversized balcony--perfect for morning coffee or evening cocktails while soaking in the picturesque surroundings.Completely furnished and ready to rent, this 16th-floor condo is an ideal investment opportunity for those seeking steady rental income. Laketown Wharf offers unparalleled amenities, including five resort-style pools, a fully equipped gym, a children's playground, and even a putting green. The event center is perfect for hosting gatherings, and you're just steps away from a variety of restaurants and shops.Enjoy covered parking and private beach access just across the street, right next to the iconic Pineapple Willy's. Your HOA fees cover a wealth of conveniences: BBQ grills, a community room, exercise facilities, gated entry, picnic areas, 24-hour security, cable, water, sewer, and FREE wifi is provided through HOA, and more. Plus, a brand-new HVAC system ensures comfort year-round.Located on the highly sought-after Thomas Drive, this condo is the perfect blend of the beach lifestyle, convenience, and investment potential. Don't miss out on owning your dream condo at Laketown Wharf--schedule your private showing today!

Details

Property type

Condominium

Est. home value

$398,500

Lot size

Unknown

Price per sq ft

$234

Year built

2007

Annual property taxes

$3,817

Monthly HOA fee

$957.86

Price History

12/02/2024
CentralPanhandle

CentralPanhandle #762831

Price change
$295,000
-9.23%
09/18/2024
CentralPanhandle

CentralPanhandle #762831

Listed
$325,000
-10.22%
09/04/2024
CentralPanhandle

CentralPanhandle #748223

Removed
$362,000

Schools & Community

Elementary school: 

Breakfast Point

Middle school: 

Breakfast Point

High school: 

Arnold

Community features: 

Pool, Gated, Clubhouse, Fitness Center, Playground, Park, Restaurant, Sidewalks

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

$160,063
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$111,337
Cash to seller
$160,063

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

May 2020

Original loan amount

$150,000

Est. remaining balance

$111,337

Interest rate

2.77%

Loan type

New Conventional, 15 year

Seller

Raul Rivera and Evelyn Justiniano

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: 12/23/2024 at 6:35 AM

Listing updated: 12/02/2024 at 1:40 PM

Listed by: Rachel N Warrell, eXp Realty, LLC Phone #: (850) 896-5899

MLS: CentralPanhandle #762831

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