NOT LISTED FOR SALE

Magnolia Bay Club 2400 Grandiflora Blvd Unit E408 Panama City Beach, FL 32408

Upper Grand Lagoon Neighborhood

Estimated Value: $353,000 - $413,000

2 Beds
3 Baths
1,485 Sq Ft
$491/mo HOA Fee

Last Sold May 22, 2018

Last sale price $275,000 $185 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,756/month

Highlights

  • Main Floor Primary Bedroom
  • Central Air
  • Dining Room
  • J.R. Arnold High School Rated A-

About This Home

As of May 2018

Enjoy unobstructed views of St. Andrews Bay. This is a 3BR/3BA unit with hardwood flooring, granite countertops, stainless steel appliances, and a nice balcony where you can enjoy watching the boats go by. This property has been well maintained. All three bedrooms have walk-in closets and two bedrooms have private baths. The Master bedroom faces the water and the bath boasts double sinks, a jetted tub and a separate shower. Magnolia Bay Club is a gated community with some of the finest amenities around! The resort style pool and gazebo faces the bay, a dock for fishing, community clubhouse with kitchen, pool table and fitness center, kayaks and canoes you can launch right off the beach, a playground for the young ones, and it's pet friendly. The exterior of the building is being painted.

Last Agent to Sell the Property

Jim Hodges

Premier Coastal Inc License #583553 Listed on: 05/31/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,669

Year Built

  • Built in 2008

Lot Details

  • 392

HOA Fees

  • $491 Monthly HOA Fees

Interior Spaces

  • 1,485 Sq Ft Home
  • Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Schools

  • Patronis Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Air

Community Details

  • Magnolia Bay Club Condo Subdivision
  • 10-Story Property

Listing and Financial Details

  • Assessor Parcel Number 40000-600-037

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,669

Year Built

Built in 2008

Lot Details

0

HOA Fees

$491 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Magnolia Bay Club Condo
  • Directions: From Hwy 98 at the overpass, turn south on Thomas Dr, left on Magnolia Beach Rd, Magnolia Beach will veer to the left when it splits with Delwood Beach Rd, so please veer left to stay on Magnolia Beach Rd, the entrance will be on the left, gate code required for entry.
  • Architectural Style: N/A
  • New Construction: No
  • Building Stories: 10
  • Year Built: 2008
  • Utilities Electric: Yes
  • Energy:AC - Central Elect: Yes
  • Rooms:Dining Room: Yes
  • Special Features: None
  • Stories: 10

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Master Bedroom:First: Yes

Exterior Features

  • Pool Features: Pool Type
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Utilities: Electric

Condo/Co-op/Association

  • Association #2 Fee: 491.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Patronis
  • High School: Arnold
  • Middle Or Junior School: Surfside

Lot Info

  • Parcel #: 40000-600-037
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1668.71
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2020
Sold by
Jacobsen Craig A and Jacobsen Susan B
Bought by
Jacobsen Craig A and Jacobsen Susan B
Current Estimated Value
$375,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2020
Sold by
Jacobsen Craig A and Jacobsen Susan B
Bought by
Jacobsen Craig A and Jacobsen Susan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2019
Sold by
Jacobsen Craig A and Jacobsen Susan B
Bought by
Jacobsen Craig A and Jacobsen Susan B

Purchase Details

Listed on
May 31, 2018
Closed on
May 22, 2018
Sold by
Gutierrez Jorge A and Gutierrez Nancy T
Bought by
Jacobsen Craig A and Jacobsen Susan B
Seller's Agent
Jim Hodges
Premier Coastal Inc
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.37%
Original Mortgage
$160,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2012
Sold by
Caraballo Rafael L
Bought by
Gutierrez Jorge A and Gutierrez Nancy T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,300
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2010
Sold by
Magnolia Bay Properties Llc
Bought by
Caraballo Rafael L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,900
Interest Rate
4.42%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jacobsen Craig A -- Attorney
Jacobsen Craig A -- Attorney
Jacobsen Craig A -- Attorney
Jacobsen Craig A $260,000 South Oak Title 30A Llc
Gutierrez Jorge A $189,000 Florida Land Title Llc
Caraballo Rafael L $179,900 Equity Land Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobsen Craig A $155,500
Closed Jacobsen Susan B $160,000
Closed Jacobsen Craig A $160,000
Previous Owner Gutierrez Jorge A $139,000
Previous Owner Gutierrez Jorge A $132,300
Previous Owner Caraballo Rafael L $79,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2019 06/23/19 Off Market $275,000 -- --
05/31/2018 05/31/18 For Sale $275,000 0.0% $185 / Sq Ft
05/22/2018 05/22/18 Sold $275,000 -- $185 / Sq Ft
03/28/2018 03/28/18 Pending -- -- --
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 $2,684 $258,059 -- --
2023 $2,684 $250,543 $0 $0
2022 $2,413 $243,246 $0 $0
2021 $2,419 $236,161 $0 $0
2020 $2,414 $232,900 $0 $232,900
2019 $2,607 $208,335 $0 $208,335
2018 $1,697 $170,668 $0 $0
2017 $1,669 $167,158 $0 $0
2016 $1,655 $163,720 $0 $0
2015 $1,692 $162,582 $0 $0
2014 $1,673 $161,292 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jim Hodges

    Premier Coastal Inc

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About Magnolia Bay Club

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 799958

Emerald Coast Association of REALTORS®

APN: 40000-600-037

Florida Bay County Panama City Beach 32408 Upper Grand Lagoon

2400 Grandiflora Blvd Unit E408, Panama City Beach, FL

This home is located at 2400 Grandiflora Blvd Unit E408, Panama City Beach, FL 32408 since 31 May 2018 and is currently estimated at $375,417, approximately $252 per square foot. This property was built in 2008. 2400 Grandiflora Blvd Unit E408 is a home located in Bay County with nearby schools including J.R. Arnold High School, Surfside Middle School, and Patronis Elementary 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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