NOT LISTED FOR SALE

13020 Front Beach Rd Unit 203 Panama City Beach, FL 32407

Estimated Value: $322,000 - $423,000

2 Beds
2 Baths
1,025 Sq Ft
$250/mo HOA Fee

Last Sold February 10, 2023

Last sale price $400,000 $390 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,457/month

51 Days on Market

Highlights

  • Furnished
  • Balcony
  • Living Room
  • J.R. Arnold High School Rated A-
  • Cooling Available
  • Central Heating

About This Home

As of February 2023

Remodeled, low density condo, directly across the street from the Beach. This unit was remodeled in 2020 and features new stainless steel appliances, granite counters, LVP floors and remodeled bathrooms. Water Heater and AC were replaced in March of 2021. Unit offers two dedicated covered parking spaces. And an observation deck on top for owners. All furniture, linens and kitchen tools are included. This unit is truly a rental machine. It has grossed over 50k YTD on Air BNB and has a 4.93 on 83 reviews as of this listing. This small HOA keeps things easy. The HOA fee includes water, cable and trash. The building was recently painted, and the driveway repaved. The roof was redone after hurricane Michael.

Last Agent to Sell the Property

Kasey Gordon

Xcellence Realty Listed on: 11/16/2022

Last Buyer's Agent

Catherine Lancaster

Counts Real Estate Group Inc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,562

Year Built

  • Built in 2000 | Remodeled

Lot Details

  • 610

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,025 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Living Room
  • Smart Thermostat
  • Stacked Washer and Dryer

Kitchen

  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Covered Spaces
  • Covered Parking

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Cooling Available
  • Central Heating
  • Electric Water Heater
  • Septic Tank

Community Details

Overview

  • Association fees include management, cable TV, sewer, trash, water
  • 16 Units
  • Low-Rise Condominium
  • Somerset Condo Subdivision

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,562

Year Built

Built in 2000 | Remodeled

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2000
  • Property Sub Type: Condominium
  • Lot Size: no land
  • Road Frontage Type: City Street
  • Subdivision Name: Somerset Condo
  • Architectural Style: Low Rise
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Range Hood
  • Interior Amenities: Remodeled, Smart Thermostat
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1025.0
  • Dining Room Type: Kitchen, Living Room
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony
  • Property Condition: Updated/Remodeled
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Parking Features: Covered
  • Garage: No

Utilities

  • Utilities: Septic Available, Water Connected
  • Security Features: Fire Sprinkler System
  • Cooling: Ceiling Fan(s), Electric
  • Heating: Central
  • Laundry Features: Stacked
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Septic Tank

Condo/Co-op/Association

  • Association Fee: 750.0
  • Community Features: Short Term Rental Allowed
  • Senior Community: No
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Sewer, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 16

Tax Info

  • Tax Annual Amount: 2562.0
  • Tax Year: 2021

MLS Schools

  • Elementary School: Hutchison Beach
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2022
Closed on
Feb 10, 2023
Sold by
Margittai Brian Alan
Bought by
Mcloughlin Michelle and Mcloughlin Alan
Seller's Agent
Kasey Gordon
Xcellence Realty
Buyer's Agent
Catherine Lancaster
Counts Real Estate Group Inc
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Views
21
Current Estimated Value
$368,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,241
Avg. Annual Appreciation
-2.95%
Original Mortgage
$280,000
Outstanding Balance
$270,876
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$97,883

Purchase Details

Closed on
Nov 24, 2020
Sold by
Denmark Wayne A
Bought by
Margittai Brian Alan and Gordon Kasey Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2016
Sold by
Hardin Heather
Bought by
Denmrk Wayne A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Mcloughlin Michelle $400,000 --
Margittai Brian Alan $225,000 South Oak Ttl Panama City Be
Denmrk Wayne A $115,000 Omega Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcloughlin Michelle $280,000
Previous Owner Margittai Brian Alan $135,000
Previous Owner Denmrk Wayne A $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2023 02/10/23 Sold $400,000 -5.9% $390 / Sq Ft
01/22/2023 01/22/23 Off Market $425,000 -- --
01/07/2023 01/07/23 Pending -- -- --
11/16/2022 11/16/22 For Sale $425,000 -- $415 / 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 $3,206 $340,000 -- $340,000
2023 $3,206 $241,698 $0 $242,250
2022 $2,823 $219,725 $0 $0
2021 $2,562 $199,750 $0 $199,750
2020 $2,306 $199,750 $0 $199,750
2019 $2,044 $179,350 $0 $179,350
2018 $1,741 $136,000 $0 $0
2017 $1,507 $129,965 $0 $0
2016 $1,165 $83,097 $0 $0
2015 $966 $75,543 $0 $0
2014 $842 $68,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kasey Gordon

    Xcellence Realty

    (386) 214-2331

    2 in this area

    27 Total Sales

    Kasey Gordon
    Section Image

  • C

    Buyer's Agent in 2023

    Catherine Lancaster

    Counts Real Estate Group Inc

  • C

    Buyer's Agent in 2023

    Catherine Anderson

    Coastal Sun Realty LLC

    Section Image
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Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 734661

Central Panhandle Association of REALTORS®

APN: 34417-110-000

Florida Bay County Panama City Beach 32407

13020 Front Beach Rd Unit 203, Panama City Beach, FL

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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