$540,000
SOLD MAY 21, 2019

Ocean Hammock 500 Cinnamon Beach Way Unit 451 Palm Coast, FL 32137

3 Beds
3 Baths
2,003 Sq Ft
$664/mo HOA Fee

Recently Sold

$270 Per Sq Ft

5% Below List Price

48 Days on Market

Highlights

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

About This Home

As of May 2019

Here is your OPPORTUNITY to own a 5th Floor END UNIT in Cinnamon Beach's SIGNATURE BUILDING 500. This building sits on THE OCEAN COURSE hole #8 Par 3 green overlooking the ATLANTIC OCEAN. Interior features include 3 Bedrooms and 3 Full Bathrooms, CROWN MOLDING, 9'8” Ceilings, STAINLESS APPLIANCES, GRANITE COUNTERTOPS in kitchen and bathrooms, PLANTATION SHUTTERS, UPGRADED LIGHTING FIXTURES, 55” ULTRA HIGH DEF TV IN MASTER BEDROOM & 65” ULTRA HIGH DEF TV IN LIVING ROOM, DESIGNER PAINT COLORS, AND FURNITURE. This condo holds the top DIAMOND RATING with VACATION RENTAL PROS and produces GREAT INCOME. It's being sold TURN KEY!! The Cinnamon Beach Community offers 2 Private Beach Club areas with a seasonal bistro restaurant, swimming pools, fitness room, game room and beach access. Schedule your showing today to view this SPECTACULAR CONDO!

Last Agent to Sell the Property

Anthony Lombardo

COASTAL GATEWAY REAL ESTATE GR License #3013220 Listed on: 03/01/2019

Co-Listed By

ANDREW KALCOUNOS

COASTAL GATEWAY REAL ESTATE GR License #3063166

Last Buyer's Agent

Anthony Lombardo

COASTAL GATEWAY REAL ESTATE GR License #3013220 Listed on: 03/01/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,806

Year Built

  • Built in 2005

Lot Details

  • End Unit
  • Southwest Facing Home

HOA Fees

Parking

  • Parking Garage Space

Property Views

Home Design

  • Planned Development
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,003 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Blinds
  • Storage Room
  • Security Gate

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04-11-31-3513-00000-0451
  • $59 per year additional tax assessments

Community Details

Overview

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

Amenities

  • Elevator

Recreation

  • Trails

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,806

Year Built

Built in 2005

Lot Details

0

HOA Fees

$664 per month

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Insurance, Maintenance Structure, Maintenance Grounds, Pest Control
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Living Area: 2003
  • Year Built: 2005
  • Directions to Property: Hammock Dunes Pkwy to Hotel Trace left on Ocean Way into Cinnamon Beach
  • Status: Sold
  • Floor Number: 5
  • Homestead Y N: No
  • Property Manager: May Management
  • Property Description: Corner Unit
  • Property Manager Phone: 386-446-0085
  • Planned Unit Development Y N: Yes
  • Ratio: Close Price\List Price: 0.94903
  • Price per Sq Ft: 269.6
  • Close to Original List Price Ratio: 0.94903
  • View: Yes
  • Co List Office Mls Id: 256500522
  • Co List Office Phone: 386-246-5700
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), Elevator, Other, Solid Surface Counters, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 3
  • Stories: 3
  • Window Features: Blinds
  • Street Number Modifier: 500
  • Room Count: 7
  • Additional Rooms: Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southwest
  • Exterior Features: Balcony, Lighting
  • Roof: Tile
  • View: Golf Course
  • Patio and Porch Features: Covered, Patio, Rear Porch
  • Road Surface Type: Paved
  • Water View Y N: Yes

Garage/Parking

  • Parking Features: Under Building
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Amenities: Cable TV, Clubhouse, Fitness Center, Gated, Pool, Trail(s)
  • Association Fee: 516
  • Association Fee Frequency: Monthly
  • Association Name: Cinnamon Beach
  • Association: Yes
  • Security: Security Gate
  • Senior Community: No
  • Complex Community Name NCCB: OCEAN HAMMOCK
  • Association #2 Fee: 445
  • Association #2 Fee Frequency: Quarterly
  • Association: May Management
  • Association Phone #2: 386-446-0085

Lot Info

  • Zoning: PUD
  • Parcel Number: 04-11-31-3513-00000-0451
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Centex

Rental Info

  • Minimum Lease: No Minimum
  • Pet Restrictions: Yes

Tax Info

  • Tax Annual Amount: 5805.9
  • Tax Other Annual Assessment Amount: 59

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2019
Closed on
May 16, 2019
Sold by
Cervenka Robert Paul and The Robert Paul Cervenka Revoc
Bought by
Drvostep Jim and Drvostep Shana
Seller's Agent
Anthony Lombardo
COASTAL GATEWAY REAL ESTATE GR
Buyer's Agent
Anthony Lombardo
COASTAL GATEWAY REAL ESTATE GR
List Price
$569,000
Sold Price
$540,000
Premium/Discount to List
-$29,000
-5.1%
Current Estimated Value
$911,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,691
Avg. Annual Appreciation
9.01%

Purchase Details

Listed on
Jun 25, 2014
Closed on
Oct 15, 2014
Sold by
Marchigiano Michael V and Marchigiano Debra
Bought by
Cervenka Robert Paul and The Robert Paul Cervenka Revoc
Seller's Agent
JAMES HUBBART
FPM PROPERTIES
Buyer's Agent
NON MLS
NON MLS
List Price
$515,000
Sold Price
$460,000
Premium/Discount to List
-$55,000
-10.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.55%

Purchase Details

Closed on
Aug 24, 2007
Sold by
Schmitt Steven J and Schmitt Mary E
Bought by
Marchigiano Michael V and Marchigiano Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$583,200
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2005
Sold by
Centex Homes
Bought by
Schmitt Steven J and Schmitt Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,150
Interest Rate
7%
Mortgage Type
Fannie Mae Freddie Mac
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 Type Sale Price Title Company
Warranty Deed $540,000 Covenant Closing & Ttl Svcs
Warranty Deed $460,000 Attorney
Warranty Deed $729,000 The Title Co Of Mid Fl Inc
Condominium Deed $806,500 Commerce Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $583,200 Purchase Money Mortgage
Previous Owner $645,150 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2023 12/17/23 Off Market $460,000 -- --
05/21/2019 05/21/19 Sold $540,000 -5.1% $270 / Sq Ft
04/17/2019 04/17/19 Pending -- -- --
02/28/2019 02/28/19 For Sale $569,000 +23.7% $284 / Sq Ft
10/15/2014 10/15/14 Sold $460,000 -10.7% $230 / Sq Ft
08/15/2014 08/15/14 Pending -- -- --
06/25/2014 06/25/14 For Sale $515,000 -- $257 / 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 $8,773 $762,300 -- $762,300
2023 $8,773 $512,435 $0 $0
2022 $7,694 $635,250 $0 $635,250
2021 $6,352 $423,500 $0 $423,500
2020 $6,448 $423,500 $0 $423,500
2019 $5,991 $387,500 $0 $387,500
2018 $5,865 $370,400 $0 $370,400
2017 $6,401 $401,500 $0 $0
2016 $6,532 $401,500 $0 $0
2015 $6,298 $383,400 $0 $0
2014 $6,259 $383,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Anthony Lombardo

    Seller's Agent in 2019

    Anthony Lombardo

    COASTAL GATEWAY REAL ESTATE GR

    (386) 931-5279

    204 in this area

    252 Total Sales

    Anthony Lombardo
    Section Image
  • ANDREW KALCOUNOS

    Seller Co-Listing Agent in 2019

    ANDREW KALCOUNOS

    COASTAL GATEWAY REAL ESTATE GR

    (386) 986-8669

    174 in this area

    220 Total Sales

    ANDREW KALCOUNOS
    Section Image

  • J

    Seller's Agent in 2014

    JAMES HUBBART

    FPM PROPERTIES

  • N

    Buyer's Agent in 2014

    NON MLS

    NON MLS

    NON MLS
    Section Image

  • 9

    Buyer's Agent in 2014

    99999 99999

    WATSON REALTY CORP

See All Agents

About Ocean Hammock

Map

Source: Stellar MLS

MLS Number: FC246035

Stellar MLS

APN: 04-11-31-3513-00000-0451

Florida Flagler County Palm Coast 32137

500 Cinnamon Beach Way Unit 451, Palm Coast, FL

This home is located at 500 Cinnamon Beach Way Unit 451, Palm Coast, FL 32137 and is currently priced at $540,000, approximately $269 per square foot. This property was built in 2005. 500 Cinnamon Beach Way Unit 451 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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