NOT LISTED FOR SALE

123 Commerce St Apalachicola, FL 32320

Estimated Value: $518,726 - $655,000

2 Beds
2 Baths
1,500 Sq Ft
$93/mo HOA Fee

Last Sold March 30, 2022

Last sale price $521,000 $347 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,640/month

7 Days on Market

Highlights

  • The property is located in a historic district
  • New Orleans Architecture
  • Corner Lot
  • Resort Property
  • Wood Flooring
  • 2-minute walk to Apalachicola Riverfront Park

About This Home

As of March 2022

Easy access to everything from this 1500 sf, 2 Bedroom/2 Bath condo in downtown Apalachicola. The Osprey boasts hardwood floors in living areas, a private elevator, a private balcony overlooking downtown, and granite countertops in kitchen and baths plus much more. Spacious Primary bedroom has en suite bath with soaking tub and separate shower. Office space has trundle bed to sleep more guests in addition to 2nd Bedroom. Looking for an income-producing property you can also use yourself? Zoned C-1, this unit is currently in a vacation rental program and can be rented nightly/weekly grossing over $42,000 in 2021. Offered fully furnished for a turn-key experience. These units are highly sought after and rarely come on the open market for sale. Call today to see how you can own a place downtown.

Last Agent to Sell the Property

LaDonna Ingram

Robinson Real Estate Company License #682419 Listed on: 01/29/2022

Co-Listed By

Kathy Robinson

Robinson Real Estate Company License #3111764

Last Buyer's Agent

Grayson Shepard

Berkshire Hathaway HomeServices - SGI License #3032872

Berkshire Hathaway HomeServices - SGI

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,952

Year Built

  • Built in 2005

Lot Details

  • Level Lot

HOA Fees

  • $93 Monthly HOA Fees

Home Design

  • New Orleans Architecture
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Recessed Lighting
  • Blinds

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Assigned Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Location

  • Flood Insurance May Be Required
  • The property is located in a historic district

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System
  • Electric Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • Association fees include accounting, ground maintenance, trash
  • Resort Property
  • The Osprey Community
  • High Cotton Marketplace Subdivision
  • The community has rules related to covenants

Listing and Financial Details

  • Exclusions: Personal artwork, bronze marlin, bronze crabs, mounted fish, bikes, and paddle board
  • Assessor Parcel Number 0109S08W833000F1015B

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,952

Year Built

Built in 2005

Lot Details

0

HOA Fees

$93 per month

Listing Details

  • Directions: North on Market Street through flashing light from Hwy 98, take right onto Ave F, Hight Cotton Marketplace is on Right on Commerce.
  • Prop. Type: Residential
  • Building Stories: 2
  • Property Sub Type: Condominium
  • Lot Size: 0
  • Road Frontage Type: City Street
  • Co List Office Mls Id: 174
  • Co List Office Phone: 850-653-1653
  • Subdivision Name: High Cotton Marketplace
  • Architectural Style: New Orleans
  • Building Name: The Osprey
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2
  • Property Attached Yn: Yes
  • Year Built: 2005
  • NAV22_ResortRentalYN: Yes
  • NAV22_BuildersWarrantyYN: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Refrigerator, Dishwasher, Microwave, Electric Water Heater, Dryer, Washer
  • Furnished: Furnished
  • Interior Amenities: Recessed Lighting, Split Bedroom, Lock Out Closet, Breakfast Bar, Elevator
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Hardwood, Carpet
  • Living Area: 1500
  • Master Bedroom Features: Blinds, Carpeted, Walk-In Closet(s)
  • Master Bathroom Features: Tile Counters, Double Vanity

Exterior Features

  • Exclusions: Personal artwork, bronze marlin, bronze crabs, mounted fish, bikes, and paddle board
  • Lot Features: Curb and Gutters, Flood Insurance Required, Corner Lot, Level, Within 1/2 Mile of Water, Historic District, Subdivided, Covenants/Restrictions, Sidewalks
  • Roof: Metal
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Brick
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony, Covered Porch
  • Property Condition: Construction Complete

Garage/Parking

  • Attached Garage: No
  • Parking Features: Assigned, Space/Unit
  • Total Parking Spaces: 1

Utilities

  • Cooling: Heat Pump
  • Heating: Central Electric
  • Sewer: Public Sewer
  • Utilities: Water Connected, Cable Connected, Internet Available, Tap Fee Paid, Electricity Connected, Sewer Connected, City Trash
  • Laundry Features: Washer/Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 280
  • Community Features: Street Lights
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Maintenance Grounds, Trash

Lot Info

  • Zoning: C-1
  • Additional Parcels: No
  • Parcel #: 0109S08W833000F1015B
  • Zoning Description: City,Commercial
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6952

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2022
Closed on
Mar 30, 2022
Sold by
Anne Scott and Anne Mary
Bought by
Zb Recreation Llc
Seller's Agent
LaDonna Ingram
Robinson Real Estate Company
Buyer's Agent
Grayson Shepard
Berkshire Hathaway HomeServices - SGI
List Price
$529,000
Sold Price
$521,000
Premium/Discount to List
-$8,000
-1.51%
Current Estimated Value
$569,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,682
Avg. Annual Appreciation
2.62%

Purchase Details

Closed on
Nov 12, 2019
Sold by
Twom Llc
Bought by
Scott David and Scott Mary Anne

Purchase Details

Closed on
May 1, 2017
Bought by
Twom Llc

Purchase Details

Listed on
Nov 3, 2016
Closed on
Jan 1, 2017
Bought by
Twom Llc
Seller's Agent
LaDonna Ingram
Robinson Real Estate Company
Buyer's Agent
LaDonna Ingram
Robinson Real Estate Company
List Price
$349,000
Sold Price
$280,000
Premium/Discount to List
-$69,000
-19.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.53%

Purchase Details

Closed on
Aug 6, 2014
Sold by
Jones Allen L
Bought by
Jones Allen L and Boyer Jones Brenda Jo

Purchase Details

Closed on
Sep 2, 2005
Sold by
Market Place Properties Llc
Bought by
Gartin James K and Williams Perry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$597,000
Interest Rate
6.75%
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
Zb Recreation Llc $521,000 Duncan Donna
Zb Recreation Llc $521,000 Duncan Donna
Scott David $380,000 Dodd Title Company Inc
Twom Llc $100 --
Twom Llc $280,000 --
Jones Allen L -- Attorney
Gartin James K $663,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gartin James K $597,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2022 03/30/22 Sold $521,000 -1.5% $347 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $529,000 +88.9% $353 / Sq Ft
01/06/2017 01/06/17 Sold $280,000 -19.8% $212 / Sq Ft
12/07/2016 12/07/16 Pending -- -- --
11/03/2016 11/03/16 For Sale $349,000 -- $264 / Sq Ft
Source: Forgotten Coast REALTOR® Association

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 $5,598 $316,001 $1 $316,000
2023 $5,717 $316,001 $1 $316,000
2021 $6,179 $316,001 $1 $316,000
2020 $6,393 $316,001 $1 $316,000
2019 $5,210 $250,001 $1 $250,000
2018 $5,463 $250,001 $0 $0
2017 $5,451 $250,001 $0 $0
2016 $3,146 $190,001 $0 $0
2015 $3,155 $190,001 $0 $0
2014 $3,220 $190,001 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Forgotten Coast REALTOR® Association

MLS Number: 310006

Forgotten Coast REALTOR® Association

APN: 01-09S-08W-8330-00F1-015B