NOT LISTED FOR SALE

Sterling Reef Condominium 12011 Front Beach Rd Unit 1602B Panama City Beach, FL 32407

Estimated Value: $476,000 - $542,000

2 Beds
2 Baths
1,076 Sq Ft
$510/mo HOA Fee

Last Sold June 10, 2020

Last sale price $345,000 $321 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,772/month

28 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • Newly Painted Property
  • J.R. Arnold High School Rated A-
  • Deeded access to the beach
  • 3-minute walk to County Pier

About This Home

As of June 2020

The Spotlight has stopped here! This property is sold FULLY FURNISHED, has a new HVAC and has everything you and your guests desire. Your private balcony allows you to view The Emerald Coast's green waters and the endless beach. The updated kitchen features Stainless steel appliances, a beautiful back-splash, granite counter tops and amazing shaker cabinets. Gorgeous flooring is shown throughout the deluxe sized condo. Check out the remodeled bathrooms and the amazing details added into them.
The master bedroom is gulf front w/ a private entrance to the balcony. Your family and your guests will take advantage of the gorgeous heated swimming pool, sundeck, fitness center, and activity room, as well as easy beach access. A remodeled unit priced like this DOES NOT come along very often.

Last Agent to Sell the Property

Kyle Hock

RealJoy Realty LLC License #3411723 Listed on: 04/07/2020

Last Buyer's Agent

Donna Johnson

Anchor Realty Florida License #3282169

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,985

Year Built

  • Built in 2005 | Remodeled

Lot Details

  • 131

HOA Fees

  • $510 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Newly Painted Property
  • Flat Roof Shape
  • Flat Roof with Façade front
  • Concrete Siding

Interior Spaces

  • 1,076 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Doors
  • Living Room

Kitchen

  • Breakfast Bar
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deeded access to the beach
  • Balcony

Schools

  • Hutchinson Beach Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Doors
  • Property fronts gulf or ocean

Listing and Financial Details

  • Assessor Parcel Number 34809-610-100

Community Details

Overview

  • Association fees include ground keeping, internet service, land recreation, management, master, recreational faclty, sewer, water, cable TV, trash
  • Sterling Reef Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Sauna
  • Recreation Room
  • Elevator

Recreation

  • Beach
  • Community Whirlpool Spa

Security

  • Building Fire Alarm
  • Storm Doors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,985

Year Built

Built in 2005 | Remodeled

Lot Details

0

HOA Fees

$510 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: STERLING REEF
  • Directions: Located on Front Beach Road. South on Alf Coleman to Front Beach. Sterling Reef is just to your left.
  • Architectural Style: N/A
  • New Construction: No
  • Efficiency: Doors
  • Building Stories: 1
  • Year Built: 2005
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Waterfront:Gulf: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Energy:Ceiling Fans: Yes
  • Energy:Insulated Doors: Yes
  • Rooms:Balcony2: Yes
  • Waterfront:Unit Waterfront: Yes
  • Energy:Storm Doors: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Fire Alarm/Sprinkler, Freezer, Microwave, Oven Continue Clean, Refrigerator, Refrigerator W/IceMk, Stove/Oven Electric, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Interior Amenities: Breakfast Bar, Floor Marble, Floor Tile, Furnished - All, Lighting Recessed, Newly Painted, Owner's Closet, Renovated, Split Bedroom, Washer/Dryer Hookup
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Fire AlarmSprinkler: Yes
  • Interior:Breakfast Bar: Yes
  • Interior:Floor Tile: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Split Bedroom: Yes
  • Mstr BdrmMstr Bath:MBath Double Vanity: Yes
  • Interior:Furnished - All: Yes
  • Appliances:Freezer: Yes
  • Interior:Lighting Recessed: Yes
  • Interior:Newly Painted: Yes
  • Interior:Floor Marble: Yes
  • Appliances:Oven Continue Clean: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Waterfront Features: Unit Waterfront, Gulf
  • Waterfront: Yes
  • Construction Type: Concrete, Roof Flat
  • Exterior Features: Balcony
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Concrete: Yes
  • Exterior:Balcony: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage, Covered
  • Parking Features:Garage3: Yes
  • Parking Features:Covered: Yes

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: BBQ Pit/Grill, Beach, Community Room, Deed Access, Dumpster, Elevators, Exercise Room, Picnic Area, Pool, Sauna/Steam Room, TV Cable, Waterfront, Whirlpool
  • Association #2 Fee: 510.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

  • Association Fee Includes: Ground Keeping, Internet Service, Land Recreation, Management, Master Association, Recreational Faclty, Sewer, Water, Cable TV, Trash

Schools

  • Elementary School: Hutchinson Beach
  • High School: Arnold
  • Middle Or Junior School: Surfside

Lot Info

  • Parcel #: 34809-610-100
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2985.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2020
Closed on
Jun 8, 2020
Sold by
Forsythe William and Forsythe Rossana
Bought by
Kathuria Aman and Kathuria Nidhi
Seller's Agent
Kyle Hock
RealJoy Realty LLC
Buyer's Agent
Donna Johnson
Anchor Realty Florida
List Price
$345,000
Sold Price
$345,000
Current Estimated Value
$506,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,814
Avg. Annual Appreciation
7.67%
Original Mortgage
$241,500
Outstanding Balance
$175,915
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$329,315

Purchase Details

Closed on
Jun 27, 2016
Sold by
Davis Ellen U
Bought by
Forsythe Willaim and Forsythe Rossana

Purchase Details

Closed on
Aug 5, 2009
Sold by
Yother Larry
Bought by
Davis Ellen U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,800
Interest Rate
5.26%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 29, 2008
Sold by
Salley Thomas B and Gustasion Salley Elaine
Bought by
Yother Larry

Purchase Details

Closed on
Apr 15, 2005
Sold by
Sterling Reef Development Group Llc
Bought by
Salley Thomas B and Gustasion Salley Eliane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.87%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Kathuria Aman $345,000 South Oak Ttl Panama City Be
Forsythe Willaim $235,000 None Available
Davis Ellen U $218,500 First Title
Yother Larry $233,200 None Available
Salley Thomas B $549,500 Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kathuria Aman $241,500
Previous Owner Davis Ellen U $174,800
Previous Owner Salley Thomas B $400,000
Closed Salley Thomas B $94,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2021 08/19/21 Off Market $345,000 -- --
06/10/2020 06/10/20 Sold $345,000 0.0% $321 / Sq Ft
05/05/2020 05/05/20 Pending -- -- --
04/07/2020 04/07/20 For Sale $345,000 -- $321 / Sq Ft
Source: Emerald Coast Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2024 $5,553 $455,112 -- --
2023 $5,553 $413,738 $0 $461,975
2022 $4,412 $376,125 $0 $376,125
2021 $3,648 $293,250 $0 $293,250
2020 $3,308 $276,250 $0 $276,250
2019 $2,985 $249,050 $0 $249,050
2018 $2,752 $222,717 $0 $0
2017 $2,312 $202,470 $0 $0
2016 $2,357 $201,607 $0 $0
2015 $2,311 $183,279 $0 $0
2014 $2,091 $166,617 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kyle Hock

    RealJoy Realty LLC

    (850) 225-6893

    33 in this area

    351 Total Sales

    Section Image

  • D

    Buyer's Agent in 2020

    Donna Johnson

    Anchor Realty Florida

    (850) 890-6961

    166 in this area

    233 Total Sales

    Section Image
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About Sterling Reef Condominium

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 844264

Emerald Coast Association of REALTORS®

APN: 34809-610-100

Florida Bay County Panama City Beach 32407

12011 Front Beach Rd Unit 1602B, Panama City Beach, FL

This home is located at 12011 Front Beach Rd Unit 1602B, Panama City Beach, FL 32407 since 07 April 2020 and is currently estimated at $504,547, approximately $468 per square foot. This property was built in 2005. 12011 Front Beach Rd Unit 1602B is a home located in Bay County with nearby schools including J.R. Arnold High School, Hutchison Beach Elementary School, and Surfside Middle School.

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.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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