NOT LISTED FOR SALE

4000 Gulf Terrace Dr Unit 231 Destin, FL 32541

Estimated Value: $200,000 - $343,000

1 Bed
1 Bath
834 Sq Ft
$475/mo HOA Fee

Last Sold November 02, 2022

Last sale price $310,000 $372 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,197/month

13 Days on Market

Highlights

  • Lake Front
  • Gated Community
  • Community Pool
  • Destin Elementary School Rated A-
  • Furnished
  • Balcony

About This Home

As of November 2022

Look no further! Beautiful 1 bed 1 bath in Gulf Terrace. Balcony with lake view. A must see. Great investment opportunity! Made over $60K.

Last Agent to Sell the Property

Licensed to List

Realty ONE Group Emerald Coast Listed on: 09/16/2022

Last Buyer's Agent

Nikki Segraves

ERA American Real Estate License #3070604

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,449

Year Built

  • Built in 1973

Lot Details

  • Lake Front
  • Sprinkler System

HOA Fees

  • $475 Monthly HOA Fees

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 834 Sq Ft Home
  • Furnished
  • Living Room
  • Lake Views

Kitchen

  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Built-In Barbecue

Schools

  • Destin Elementary And Middle School
  • Destin High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00-2S-22-1095-0231-0000

Community Details

Overview

  • Association fees include advertising, ground keeping, internet service, land recreation, legal, management, master, recreational faclty, sewer, water, cable TV, trash
  • 4 Buildings
  • 4 Units
  • Gulf Terrace Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Recreation Room
  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,449

Year Built

Built in 1973

Lot Details

0

HOA Fees

$475 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Co List Office Mls Id: EROG
  • Co List Office Phone: 850-842-3211
  • Subdivision Name: GULF TERRACE CONDO
  • Directions: Highway 98 between chic-fil-a and waffle house
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1973
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Rooms:Living Room: Yes
  • Appliances Microwave: Yes
  • Washers: Yes
  • Waterview:Lake2: Yes
  • Waterfront:Lake: Yes
  • Special Features: None

Interior Features

  • Number Of Buildings: 4
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven Self Cleaning, Refrigerator W/IceMk, Stove/Oven Electric, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Furnished - All, Kitchen Island, Washer/Dryer Hookup
  • Interior:WasherDryer Hookup: Yes
  • Appliances:StoveOven Electric: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Oven Self Cleaning: Yes
  • Appliances:Refrigerator WIceMk: Yes
  • Interior:Furnished - All: Yes
  • Interior:Kitchen Island: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Lake
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Construction Type: Block, Roof Metal, Vinyl Siding
  • Exterior Features: Balcony, BBQ Pit/Grill, Sprinkler System, Tennis Court
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • ConstructionSiding:Siding Vinyl: Yes
  • ConstructionSiding:Block: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Exterior:Balcony: Yes
  • Exterior:Sprinkler System: Yes
  • Exterior:BBQ PitGrill: Yes
  • Exterior:Tennis Court: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: 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, Community Room, Dumpster, Gated Community, Laundry, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront
  • Association #2 Fee: 474.65
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Fees Include:Master Association: Yes

Fee Information

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

Schools

  • Elementary School: Destin
  • High School: Destin
  • Middle Or Junior School: Destin

Lot Info

  • Parcel #: 00-2S-22-1095-0231-0000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2022
Closed on
Nov 2, 2022
Sold by
Diamond Of Destin Llc
Bought by
Denison Marvin
Seller's Agent
Licensed to List
Realty ONE Group Emerald Coast
Buyer's Agent
Nikki Segraves
ERA American Real Estate
List Price
$320,000
Sold Price
$310,000
Premium/Discount to List
-$10,000
-3.12%
Current Estimated Value
$279,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,879
Avg. Annual Appreciation
-3.63%
Original Mortgage
$232,500
Outstanding Balance
$225,439
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$53,682

Purchase Details

Closed on
Aug 24, 2022
Sold by
Zahra Harden
Bought by
Diamond Of Destin Llc

Purchase Details

Listed on
Apr 5, 2020
Closed on
Jun 11, 2020
Sold by
Raju Investments Llc
Bought by
Herden Zahra
Seller's Agent
Dan Dufault
Sea Coast Realty Group Inc
Buyer's Agent
Sheila Whitehead
Neese Realty Inc
List Price
$98,000
Sold Price
$98,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.16%

Purchase Details

Listed on
May 27, 2014
Closed on
Jun 27, 2014
Sold by
Gunter Robert L
Bought by
Raju Investments Llc
Seller's Agent
Susie Kirkland
LPT Realty LLC
Buyer's Agent
Denise Dufault
Sea Coast Realty Group Inc
List Price
$58,000
Sold Price
$58,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
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
Denison Marvin $310,000 --
Diamond Of Destin Llc $100 Nelson Ronald L
Herden Zahra $98,000 Attorney
Raju Investments Llc $58,000 Mcneese Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Denison Marvin $232,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2022 11/02/22 Sold $310,000 -3.1% $372 / Sq Ft
09/29/2022 09/29/22 Pending -- -- --
09/16/2022 09/16/22 For Sale $320,000 0.0% $384 / Sq Ft
03/17/2021 03/17/21 Off Market $800 -- --
06/11/2020 06/11/20 Sold $98,000 0.0% $131 / Sq Ft
06/08/2020 06/08/20 Pending -- -- --
04/05/2020 04/05/20 For Sale $98,000 +69.0% $131 / Sq Ft
03/02/2020 03/02/20 Off Market $58,000 -- --
12/21/2015 12/21/15 Off Market $750 -- --
12/21/2015 12/21/15 Off Market $750 -- --
06/27/2014 06/27/14 Sold $58,000 0.0% $70 / Sq Ft
06/13/2014 06/13/14 Pending -- -- --
05/27/2014 05/27/14 For Sale $58,000 0.0% $70 / Sq Ft
03/31/2014 03/31/14 Rented $800 0.0% --
03/28/2014 03/28/14 Under Contract -- -- --
02/21/2014 02/21/14 For Rent $800 +6.7% --
09/01/2013 09/01/13 Rented $750 0.0% --
09/01/2013 09/01/13 Under Contract -- -- --
07/26/2013 07/26/13 For Rent $750 0.0% --
08/10/2012 08/10/12 Rented $750 0.0% --
08/10/2012 08/10/12 Under Contract -- -- --
07/03/2012 07/03/12 For Rent $750 -- --
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 $2,449 $200,000 -- $200,000
2023 $2,449 $205,000 $0 $205,000
2022 $1,409 $130,000 $0 $130,000
2021 $1,192 $96,000 $0 $96,000
2020 $1,000 $80,000 $0 $80,000
2019 $967 $80,000 $0 $80,000
2018 $847 $66,000 $0 $0
2017 $784 $60,000 $0 $0
2016 $728 $57,000 $0 $0
2015 $662 $50,000 $0 $0
2014 $617 $46,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 908255

Emerald Coast Association of REALTORS®

APN: 00-2S-22-1095-0231-0000