NOT LISTED FOR SALE

5607 Thomas Dr P C Beach, FL 32408

Estimated Value: $4,462,786

-- Bed
-- Bath
8,884 Sq Ft
$502/Sq Ft Est. Value

Last Sold April 27, 2012

Last sale price $1,900,000 $214 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $25,085/month

260 Days on Market

Highlights

  • 1.58 Acre Lot
  • No HOA
  • Central Air
  • Patronis Elementary School Rated A-

About This Home

As of April 2012

BANK OWNED! Very valuable property with great income potential! The motel rooms range from efficiency, standard w/kitchen, 1 bed suite. 2 Bed suites with the possibility to create 3 bedrooms. Includes office and manager's apartment over office. A Beach Cottage and a remodeled two-story Duplex with a Gulf view sits on the back of the parcel and faces public beach access #10 - potential for more income. There is a nice pool area behind the motel. Four parcels are included in this site: 32320-000-000, 32319-000-000, 32318-000-000, 32326-000-000. The addresses are 5607 Thomas Dr., 5601 Thomas Dr., 5530 Thomas Dr. & 5606 Gulf Dr. Please verify all info. before purchases.

Last Agent to Sell the Property

Don Nations

Nations Real Estate, Inc License #0525405 Listed on: 08/08/2011

Last Buyer's Agent

Don Nations

Nations Real Estate, Inc License #0525405 Listed on: 08/08/2011

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,257

Year Built

  • Built in 1961

Lot Details

  • 1.58 Acre Lot
  • Zoning described as Commercial

Interior Spaces

  • 8,884 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Air
  • 220 Volts

Community Details

  • No Home Owners Association
  • 50 Units
  • Gulf Lagoon Beach Subdivision

Property Details

Property Type

Other

Est. Annual Taxes

$5,257

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1961
  • Property Sub Type: Other
  • Lot Size Acres: 1.58
  • Subdivision Name: Gulf Lagoon Beach
  • Unit Levels: Two
  • Building Stories: 2
  • ResoPropertyType: CommercialSale
  • Property Sub Type Additional: Other
  • Special Features: 1028
  • Stories: 2

Interior Features

  • Living Area: 8884.0

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Electric: 220 Volts
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning Description: Commercial

Multi Family

  • Number Of Units Total: 50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2011
Sold by
Sandtown Llc and Modzel Joseph R
Bought by
Bay Bank & Trust Co
Current Estimated Value
$4,462,786

Purchase Details

Closed on
Oct 1, 2004
Sold by
Shree Hari Inc
Bought by
Sandtown Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,960,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage
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
Bay Bank & Trust Co $100,100 None Available
Sandtown Llc $2,450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sandtown Llc $1,960,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2022 06/20/22 Off Market $1,900,000 -- --
04/27/2012 04/27/12 Sold $1,900,000 +31.0% $214 / Sq Ft
04/24/2012 04/24/12 Pending -- -- --
08/08/2011 08/08/11 For Sale $1,450,000 -- $163 / 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 $5,257 $333,815 -- --
2023 $5,257 $570,230 $569,480 $750
2022 $4,811 $275,880 $0 $0
2021 $3,428 $250,800 $0 $0
2020 $2,958 $258,810 $258,060 $750
2019 $2,721 $235,350 $234,600 $750
2018 $2,359 $188,430 $0 $0
2017 $2,375 $188,430 $0 $0
2016 $2,327 $181,300 $0 $0
2015 $2,341 $177,390 $0 $0
2014 $2,338 $177,390 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    Don Nations

    Nations Real Estate, Inc

See All Agents

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 419273

Central Panhandle Association of REALTORS®

APN: 32320-000-000

Florida Bay County Lower Grand Lagoon 32408

5607 Thomas Dr, Lower Grand Lagoon, FL

This home is located at 5607 Thomas Dr, P C Beach, FL 32408 since 08 August 2011 and is currently estimated at $4,462,786, approximately $502 per square foot. This property was built in 1961. 5607 Thomas Dr is a home located in Bay County with nearby schools including Patronis Elementary School, J.R. Arnold High School, and Surfside Middle 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.

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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