NOT LISTED FOR SALE

100 Cherry St Unit 101 Panama City, FL 32401

South Panama City Neighborhood

Estimated Value: $315,572 - $404,000

2 Beds
2 Baths
1,800 Sq Ft
1975 Built

Sale Details

Date Sold: May 27, 2016

Last sale price $160,000 $89 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $2,161 / mo

57 Days on Market

Highlights

  • Community Boat Dock
  • Deeded access to the beach
  • Clubhouse
  • Home fronts a seawall
  • Fishing
  • Sauna

About This Home

As of May 2016

COVE ... MUCH SOUGHT AFTER AREA OF PANAMA CITY, FL. Water front/St. Andrews Bay/only minutes to Shell Island and beautiful Gulf of Mexico. 2/2 w approx. 1,800 SF located few blocks to ''downtown'' Panama City and situated directly on St. Andrew's Bay. Awesome view from this first floor corner unit. .6 mi. to St. Andrew's Bay Yacht Club and only a few blocks to the Civic Center, Martin Theater, fine restaurants, shopping, hospital, etc. This unit is one of the largest units in complex. Upon entry you walk into a very open space with beautiful view of Bay from all directions. There is a sunroom/office area on one corner of Family Room with gorgeous stain glass desk area. M BR has a oriental soshi screen (doors) that can be opened to give you the full view of Bay. Both BRs have full baths. You will enjoy the bayside pool, dock area, tennis court, clubhouse with full kitchen, stem room with showers and well manicured lawn with majestic oak trees. Truly a beautiful place to live! and a great place to watch the sailing regattas, July 4th fireworks, boating activities, fishing. Why wouldn't you want to live here? All measurements should be verified for accuracy. Call today for private showing!

Last Agent to Sell the Property

Barbara Stevens

Premier Properties of Bay Co License #0666659 Listed on: 02/18/2016

Last Buyer's Agent

John Overman

Coastal Sun Realty LLC License #3031514

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,384

Year Built

  • Built in 1975

Lot Details

  • Home fronts a seawall
  • Land Lease

Home Design

  • Flat Roof Shape
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Family Room
  • Dining Room
  • Sun or Florida Room
  • Electric Range
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deeded access to the beach

Schools

  • Cherry Street Elementary School
  • Jinks Middle School
  • Bay High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

  • Property has a Home Owners Association
  • 55 Units
  • Mid-Rise Community
  • Cove Condominium Subdivision

Amenities

  • Sauna
  • Clubhouse

Recreation

  • Community Boat Dock
  • Community Pool
  • Fishing

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,384

Year Built

Built in 1975

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1975
  • Property Sub Type: Condominium
  • Lot Size: NO LAND
  • Subdivision Name: Cove Condominium
  • Architectural Style: Mid Rise
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Dining Room Type: Bedroom, Dining Room, Family Room, Florida Room, Kitchen, Primary Bedroom

Exterior Features

  • Pool Features: Community
  • Waterfront Features: Bayfront, Seawall
  • Waterfront: Yes
  • Construction Type: Stucco
  • Roof: Flat

Garage/Parking

  • Attached Garage: No

Utilities

  • Utilities: Cable Connected, Electricity Available, Phone Connected, Water Connected
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central, Electric
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Green Building Features: Dumpster
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Clubhouse, Dock, Fishing, Pool, Sauna, Waterfront
  • Amenities: Other, See Remarks, Beach Rights, Dock, Gazebo, Sauna
  • Association: Yes

Schools

  • Middle Or Junior School: Jinks

Lot Info

  • Land Lease: Yes
  • Mobile Dim Units: Feet
  • Zoning Description: Resid Single Family

Multi Family

  • Number Of Units Total: 55
  • Number Of Units Furnished: None

Tax Info

  • Tax Annual Amount: 2384.0
  • Tax Year: 2015

MLS Schools

  • Elementary School: Cherry Street
  • High School: Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2016
Closed on
May 27, 2016
Sold by
Hatfield Betty Bonds
Bought by
Merriam Kenneth A and Merriam Barara S
Seller's Agent
Barbara Stevens
Premier Properties of Bay Co
Buyer's Agent
John Overman
Coastal Sun Realty LLC
List Price
$175,500
Sold Price
$160,000
Premium/Discount to List
-$15,500
-8.83%
Current Estimated Value
$340,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,643
Avg. Annual Appreciation
7.96%
Original Mortgage
$125,000
Outstanding Balance
$51,484
Interest Rate
2.89%
Mortgage Type
New Conventional
Estimated Equity
$289,159

Purchase Details

Listed on
Feb 18, 2016
Closed on
Apr 25, 2016
Sold by
Bonds Joseph R
Bought by
Merriam Kenneth A and Merriam Barbra S
Seller's Agent
Barbara Stevens
Premier Properties of Bay Co
Buyer's Agent
John Overman
Coastal Sun Realty LLC
List Price
$175,500
Sold Price
$160,000
Premium/Discount to List
-$15,500
-8.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Outstanding Balance
$51,484
Interest Rate
2.89%
Mortgage Type
New Conventional
Estimated Equity
$289,159

Purchase Details

Listed on
Feb 18, 2016
Closed on
Apr 18, 2016
Sold by
Bonds Lawrence W
Bought by
Merriam Kenneth A and Merriam Barbara S
Seller's Agent
Barbara Stevens
Premier Properties of Bay Co
Buyer's Agent
John Overman
Coastal Sun Realty LLC
List Price
$175,500
Sold Price
$160,000
Premium/Discount to List
-$15,500
-8.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Outstanding Balance
$51,484
Interest Rate
2.89%
Mortgage Type
New Conventional
Estimated Equity
$289,159
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Merriam Kenneth A $160,000 Cornerstone Title Agency , I
Merriam Kenneth A -- Cornerstone Title Agency Inc
Merriam Kenneth A -- Cornerstone Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merriam Kenneth A $125,000
Closed Merriam Kenneth A $125,000
Closed Merriam Kenneth A $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/05/2022 07/05/22 Off Market $160,000 -- --
05/27/2016 05/27/16 Sold $160,000 -8.8% $89 / Sq Ft
04/12/2016 04/12/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $175,500 -- $98 / Sq Ft
Source: Central Panhandle Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,117 $221,081 -- --
2024 $3,969 $200,983 -- --
2023 $3,969 $182,712 $0 $284,750
2022 $3,050 $166,102 $0 $0
2021 $2,770 $151,002 $0 $151,002
2020 $2,781 $151,002 $0 $151,002
2019 $2,219 $137,275 $0 $137,275
2018 $2,708 $172,508 $0 $0
2017 $2,350 $156,825 $0 $0
2016 $2,376 $150,137 $0 $0
2015 $2,384 $136,488 $0 $0
2014 $2,386 $124,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Barbara Stevens

    Premier Properties of Bay Co

  • J

    Buyer's Agent in 2016

    John Overman

    Coastal Sun Realty LLC

See All Agents

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 641106

Central Panhandle Association of REALTORS®

APN: 25678-101-000

Florida Bay County Panama City 32401 South Panama City

100 Cherry St Unit 101, Panama City, FL

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Panhandle Association of REALTORS® IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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