1600 Marina Bay Drive, Panama City, FL 32409 - For Sale

Description: Close by June 30, 2011 and request up to 3.5% of the final sales price for closing cost assistance! Owner Occupants Only. BEST VALUE IN MARINA BAY-Two bedroom, two bath Condo. PLUS BOAT SLIP. Beautiful Bay views from the 6th floor balcony with gorgeous sunsets. Live in a gated community with a security code system to enter the building, pool room and mailroom; with features including a clubhouse, pool, hot tub, dock, and a boat slip in a private marina. Boat slip capable of handling a fairly large boat. With amenities to make you never want to leave your dream condominium. Away from the hustle, bustle of the Beach; but close enough to enjoy boating at it's finest. This 2 bedroom, 2 bathroom unit features a private balcony, panoramic views of the water, a large great room perfect for entertaining or relaxing after a day on your boat, tray ceilings with split bedroom design. The master bath features double vanities, a large walk-in shower and separate whirlpool tub, walk-in closet. Enjoy life to it's fullest in your second home, or primary residence. This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is approved for HomePath Mortgage Financing. Advantages of the HomePath Program for the buyer: Borrow up to 97% of the home with no Mortgage Insurance-Up to 6% allowed in seller contributions-90% financing feature for investor loans-Flexible down payment options-No Appraisal required-May qualify with less than perfect credit. During the first 15 days a property is listed in the MLS, Fannie Mae considers only offers from owner occupants, public entities or designated partners of a public entity. IN ADDITION to normal Buyer closing costs, Buyer pays Doc Stamps on the Deed, Title Insurance, settlement fee $800, lien search $200. Once offer is accepted there will be additional forms from the Seller to be signed by the Buyer. Need prequalification letter from lender with type of financing & LTV, or, if all cash, proof of funds. Buyer understands property has a short term (3 month) deed restriction prohibiting the property from being sold/encumbered for more than 120% of total purchase price. Buyer acknowledges that seller will re-key the exterior doors to the property prior to closing and funding at the buyer's expense to be paid at closing. Regardless of local custom, the buyer understands and agrees that the the buyer will pay all other closing/transfer costs including survey, escrow, all closing fees, and all realty transfer taxes.