NOT LISTED FOR SALE

Sterling Reef Condominium 12011 Front Beach Rd Unit 902 Panama City Beach, FL 32407

Estimated Value: $471,289 - $558,000

2 Beds
2 Baths
1,076 Sq Ft
$515/mo HOA Fee

Last Sold July 13, 2020

Last sale price $350,000 $325 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $3,723/month

9 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Deeded access to the beach
  • Furnished
  • J.R. Arnold High School Rated A-
  • In Ground Pool
  • 3-minute walk to County Pier

About This Home

As of July 2020

Sterling Reef 902 goes beyond the basics. This handsomely updated condo invites comfort and functionality with two bedrooms and two bathrooms of generous living space and stylish finishes. You will enjoy a perfect setting for relaxing after a sunny day splashing in the surf or entertaining friends, both new and old. The master suite is a haven for gazing at the Gulf below, while the second bedroom is located at the opposite end of the unit for utmost privacy.Sterling Reef is located just a short distance to some of the beaches hottest attractions and most favored restaurants. Make your appointment today for a private tour of this gorgeous property!

Last Agent to Sell the Property

Sara Violette

Corcoran Reverie License #3267072 Listed on: 06/05/2020

Last Buyer's Agent

Michele Morros

Counts Real Estate Group Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,985

Year Built

  • Built in 2005 | Remodeled

Lot Details

  • Property fronts gulf or ocean

HOA Fees

  • $515 Monthly HOA Fees

Home Design

  • Stucco

Interior Spaces

  • 1,076 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Covered Parking
  • Open Parking

Accessible Home Design

  • Accessible Common Area
  • Accessible Doors
  • Accessible Entrance

Outdoor Features

  • In Ground Pool
  • Deeded access to the beach
  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet

Community Details

Overview

  • Association fees include management, clubhouse, cable TV, insurance, internet, legal/accounting, ground maintenance, pest control, pool(s), sewer, security, trash
  • High-Rise Condominium
  • Sterling Reef Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Elevator

Recreation

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,985

Year Built

Built in 2005 | Remodeled

Lot Details

0

HOA Fees

$515 per month

Listing Details

  • Property Type: Residential
  • Accessibility Features: Accessible Common Area, Accessible Doors, Accessible Entrance
  • Year Built: 2005
  • Property Sub Type: Condominium
  • Road Frontage Type: City Street
  • Subdivision Name: Sterling Reef
  • Architectural Style: High Rise
  • Unit Levels: One
  • Building Stories: 1
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Electric Water Heater, Washer
  • Interior Amenities: Remodeled
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1076.0
  • Dining Room Type: Living Room, Primary Bedroom
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: In Ground, Community, Pool
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Exterior Features: Built-in Barbecue, Balcony, Pool
  • Patio And Porch Features: Balcony
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Parking Features: Covered, Open
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, High Speed Internet Available, Other, Sewer Connected, Water Connected
  • Security Features: Fire Alarm, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 515.0
  • Community Features: Barbecue, Elevator, Fitness Center, Other, See Remarks, Waterfront, Pool
  • Amenities: Beach Rights, Picnic Area
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Clubhouse, Cable TV, Insurance, Internet, Legal/Accounting, Maintenance Grounds, Pest Control, Pool(s), Sewer, Security, Trash

Schools

  • Middle Or Junior School: Surfside

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 2985.0
  • Tax Year: 2019

MLS Schools

  • Elementary School: Hutchison Beach
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2020
Closed on
Sep 11, 2020
Sold by
Mcclanahan Tammy Lynn
Bought by
Mcclanahan Tammy Lynn and Mcclanahan Russell True
Seller's Agent
Sara Violette
Corcoran Reverie
Buyer's Agent
Michele Morros
Counts Real Estate Group Inc
List Price
$372,500
Sold Price
$350,000
Premium/Discount to List
-$22,500
-6.04%
Current Estimated Value
$502,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,140
Avg. Annual Appreciation
7.40%
Original Mortgage
$315,000
Outstanding Balance
$282,415
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$220,238

Purchase Details

Listed on
Jun 5, 2020
Closed on
Jul 13, 2020
Sold by
Magnolia Florida Rentals Llc
Bought by
Mcclanahan Tammy Lynn
Seller's Agent
Sara Violette
Corcoran Reverie
Buyer's Agent
Michele Morros
Counts Real Estate Group Inc
List Price
$372,500
Sold Price
$350,000
Premium/Discount to List
-$22,500
-6.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$282,415
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$220,238

Purchase Details

Listed on
Oct 2, 2014
Closed on
Aug 28, 2015
Sold by
Cung Dexter Todd
Bought by
Magnolia Florida Rentals Llc
Seller's Agent
Lauren Cottrell
Scenic Sotheby's International Realty
Buyer's Agent
Scott Seidler
Weekly Homes Realty Company
List Price
$249,900
Sold Price
$238,000
Premium/Discount to List
-$11,900
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.24%
Original Mortgage
$190,400
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 30, 2013
Closed on
Jul 11, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Cung Dexter Todd
Seller's Agent
Micha Knowles
ERA American Real Estate
Buyer's Agent
Nathan Trent
Coldwell Banker Carroll Realty
List Price
$249,900
Sold Price
$207,000
Premium/Discount to List
-$42,900
-17.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%

Purchase Details

Closed on
Feb 22, 2013
Sold by
Wells Fargo Bank Na
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 15, 2013
Sold by
Nobes Charles W and Nobes Jennifer G
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jul 20, 2007
Sold by
Fink Nan and Offutt Jeffrey
Bought by
Nobes Charles W and Nobes Jennifer G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,500
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 2005
Sold by
Sterling Reef Development Group Llc
Bought by
Fink Nan and Offutt Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,900
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Mcclanahan Tammy Lynn -- None Available
Mcclanahan Tammy Lynn $350,000 South Oak Ttl Panama City Be
Magnolia Florida Rentals Llc $238,000 Attorney
Cung Dexter Todd $207,000 Attorney
Federal Home Loan Mortgage Corporation -- Attorney
Wells Fargo Bank Na $160,400 None Available
Nobes Charles W $335,000 Mcneese Title Llc
Fink Nan $579,900 Fatco
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcclanahan Tammy Lynn $315,000
Previous Owner Magnolia Florida Rentals Llc $190,400
Previous Owner Nobes Charles W $301,500
Previous Owner Fink Nan $405,900
Closed Fink Nan $115,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2022 08/01/22 Off Market $350,000 -- --
06/20/2022 06/20/22 Off Market $238,000 -- --
06/20/2022 06/20/22 Off Market $207,000 -- --
07/13/2020 07/13/20 Sold $350,000 -6.0% $325 / Sq Ft
06/14/2020 06/14/20 Pending -- -- --
06/05/2020 06/05/20 For Sale $372,500 +56.5% $346 / Sq Ft
08/31/2015 08/31/15 Sold $238,000 -4.8% $221 / Sq Ft
07/24/2015 07/24/15 Pending -- -- --
10/02/2014 10/02/14 For Sale $249,900 +20.7% $232 / Sq Ft
07/11/2013 07/11/13 Sold $207,000 -17.2% $192 / Sq Ft
06/13/2013 06/13/13 Pending -- -- --
04/30/2013 04/30/13 For Sale $249,900 -- $232 / Sq Ft
Source: Central Panhandle 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 $5,220 $390,316 -- --
2023 $5,220 $354,833 $0 $461,975
2022 $4,161 $322,575 $0 $0
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 $2,369 $204,000 $0 $0
2015 $2,385 $198,220 $0 $0
2014 $2,158 $180,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sara Violette

    Corcoran Reverie

  • M

    Buyer's Agent in 2020

    Michele Morros

    Counts Real Estate Group Inc

  • A

    Buyer Co-Listing Agent in 2020

    Ann Wohlford

    Counts Real Estate Group Inc

  • L

    Seller's Agent in 2015

    Lauren Cottrell

    Scenic Sotheby's International Realty

  • S

    Buyer's Agent in 2015

    Scott Seidler

    Weekly Homes Realty Company

  • Scott Seidler - TheConnectionTeam

    Buyer's Agent in 2015

    Scott Seidler - TheConnectionTeam

    Keller Williams Success Realty

    (850) 774-5007

    74 in this area

    224 Total Sales

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About Sterling Reef Condominium

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 698243

Central Panhandle Association of REALTORS®

APN: 34809-610-058

Florida Bay County Panama City Beach 32407

12011 Front Beach Rd Unit 902, Panama City Beach, FL

This home is located at 12011 Front Beach Rd Unit 902, Panama City Beach, FL 32407 since 05 June 2020 and is currently estimated at $507,322, approximately $471 per square foot. This property was built in 2005. 12011 Front Beach Rd Unit 902 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.

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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