NOT LISTED FOR SALE

Ocean Hammock 500 Cinnamon Beach Way Unit 423 Palm Coast, FL 32137

Estimated Value: $653,755 - $735,000

3 Beds
2 Baths
1,344 Sq Ft
$688/mo HOA Fee

Last Sold March 15, 2022

Last sale price $670,000 $499 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,316/month

26 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Fitness Center
  • Clubhouse
  • Old Kings Elementary School Rated A-
  • Gated Community
  • Contemporary Architecture

About This Home

As of March 2022

WELCOME TO CINNAMON BEACH......THIS OCEANFRONT COMMUNITY OFFERS GREAT AMENITIES AND A FANTASTIC BEACHSIDE GETAWAY. THIS 2ND FLOOR UNIT IS IN EXCELLENT CONDITION AND IS ONE OF THE MOST DESIRABLE BUILDINGS IN CINNAMON BEACH. THIS CONDO HAS DIRECT VIEWS OF THE OCEAN AND THE 8TH HOLE AT OCEAN HAMMOCK A "JACK NICKLAUS OCEAN COURSE" THIS CONDO HAS A LONG LIST OF OPTIONS.......TILES FLOORS,CROWN MOLDING(MAIN AREA/KITCHEN),GRANITE(KITCHEN/BATHROOM),DARK CABINETS,BLACK APPLIANCES,NEWER INTERIOR PAINT,LARGE COVERED PATIO/TILED AND MUCH MORE..........

Last Agent to Sell the Property

ANDREW KALCOUNOS

COASTAL GATEWAY REAL ESTATE GR License #3063166 Listed on: 02/04/2022

COASTAL GATEWAY REAL ESTATE GR

Co-Listed By

Anthony Lombardo

COASTAL GATEWAY REAL ESTATE GR License #3013220

Last Buyer's Agent

Reciprocal FCAR

License #970002565

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,332

Year Built

  • Built in 2005

Lot Details

  • West Facing Home

HOA Fees

Parking

  • Parking Garage Space

Property Views

Home Design

  • Contemporary Architecture
  • Planned Development
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,344 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Blinds
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04-11-31-3513-00000-0423
  • $59 per year additional tax assessments

Community Details

Overview

  • Association fees include 24-hour guard, insurance, maintenance structure, ground maintenance, pest control, trash
  • Cinnamon Beach Association
  • May Management Association, Phone Number (386) 446-0085
  • Built by CENTEX

Amenities

  • Elevator

Recreation

Pet Policy

  • Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,332

Year Built

Built in 2005

Lot Details

0

HOA Fees

$688 per month

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Insurance, Maintenance Structure, Maintenance Grounds, Pest Control, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Living Area: 1344
  • Year Built: 2005
  • Directions to Property: HAMMOCK DUNES PKWY.....RIGHT AT OCEAN HAMMOCK GUARD GATE AT HOTEL TRACE BLVD......
  • Status: Sold
  • Floor Number: 2
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Property Manager: MAY MANAGMENT
  • Property Manager Phone: 386-446-0085
  • Planned Unit Development Y N: Yes
  • Ratio: Close Price\List Price: 0.95851
  • Price per Sq Ft: 498.51
  • Close to Original List Price Ratio: 0.95851
  • View: Yes
  • Co List Office Mls Id: 256500522
  • Co List Office Phone: 386-246-5700
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Elevator, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 3
  • Stories: 3
  • Window Features: Blinds
  • Street Number Modifier: 500
  • Room Count: 8

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony, Lighting
  • Roof: Tile
  • View: Golf Course, Water
  • Patio and Porch Features: Covered, Patio
  • Road Surface Type: Paved

Garage/Parking

  • Parking Features: Under Building
  • Open Parking: No

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Amenities: Clubhouse, Fitness Center, Gated, Pool
  • Association Fee: 540
  • Association Fee Frequency: Monthly
  • Association Name: Cinnamon Beach
  • Association: Yes
  • Senior Community: No
  • Association #2 Fee: 445
  • Association #2 Fee Frequency: Quarterly
  • Association: MAY MANAGEMENT
  • Association Phone #2: 386-446-0085

Lot Info

  • Zoning: PUD
  • Parcel Number: 04-11-31-3513-00000-0423
  • Lot Features: Other

Building Info

  • Builder Name: CENTEX

Rental Info

  • Pets Allowed: Yes
  • Pet Restrictions: SEE DOCS.

Tax Info

  • Tax Annual Amount: 4331.93
  • Tax Other Annual Assessment Amount: 59

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2022
Closed on
Mar 11, 2022
Sold by
Colaneri Noel A
Bought by
Gannon Terence
Seller's Agent
ANDREW KALCOUNOS
COASTAL GATEWAY REAL ESTATE GR
Buyer's Agent
Reciprocal FCAR
List Price
$699,000
Sold Price
$670,000
Premium/Discount to List
-$29,000
-4.15%
Total Days on Market
26
Current Estimated Value
$711,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,189
Avg. Annual Appreciation
1.86%
Original Mortgage
$502,500
Outstanding Balance
$474,554
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$236,635

Purchase Details

Closed on
Jun 13, 2005
Sold by
Centex Homes
Bought by
Colaneri Noel A
Source: Public Records

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Range of Values:

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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
Gannon Terence $670,000 Convenant Closing & Title Serv
Colaneri Noel A $510,400 Commerce Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gannon Terence $502,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2022 03/15/22 Sold $670,000 -4.1% $499 / Sq Ft
03/02/2022 03/02/22 Pending -- -- --
02/04/2022 02/04/22 For Sale $699,000 -- $520 / Sq Ft
Source: Stellar MLS

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 $7,808 $539,460 -- $539,460
2023 $7,808 $539,460 $0 $539,460
2022 $5,456 $449,550 $0 $449,550
2021 $4,512 $299,700 $0 $299,700
2020 $4,580 $299,700 $0 $299,700
2019 $4,647 $299,700 $0 $299,700
2018 $4,494 $285,600 $0 $285,600
2017 $4,095 $255,500 $0 $0
2016 $4,175 $255,500 $0 $0
2015 $4,015 $243,300 $0 $0
2014 $3,988 $243,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • ANDREW KALCOUNOS

    Seller's Agent in 2022

    ANDREW KALCOUNOS

    COASTAL GATEWAY REAL ESTATE GR

    (386) 986-8669

    231 Total Sales

    ANDREW KALCOUNOS
    Section Image
  • Anthony Lombardo

    Seller Co-Listing Agent in 2022

    Anthony Lombardo

    COASTAL GATEWAY REAL ESTATE GR

    (386) 931-5279

    267 Total Sales

    Anthony Lombardo
    Section Image

  • R

    Buyer's Agent in 2022

    Reciprocal FCAR

See All Agents

About Ocean Hammock

Map

Source: Stellar MLS

MLS Number: FC274285

Stellar MLS

APN: 04-11-31-3513-00000-0423

Florida Flagler County Palm Coast 32137

500 Cinnamon Beach Way Unit 423, Palm Coast, FL

This home is located at 500 Cinnamon Beach Way Unit 423, Palm Coast, FL 32137 since 04 February 2022 and is currently estimated at $711,189, approximately $529 per square foot. This property was built in 2005. 500 Cinnamon Beach Way Unit 423 is a home located in Flagler County with nearby schools including Old Kings Elementary School, Indian Trails Middle School, and Matanzas High 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.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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