NOT LISTED FOR SALE

Watercrest Condo 6201 Thomas Dr Unit 1506 Panama City, FL 32408

Estimated Value: $572,000 - $640,000

2 Beds
2 Baths
1,379 Sq Ft
$716/mo HOA Fee

Last Sold January 22, 2021

Last sale price $420,000 $305 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,438/month

46 Days on Market

Highlights

  • Beach
  • Property fronts gulf or ocean
  • In Ground Pool
  • J.R. Arnold High School Rated A-
  • 24-Hour Security
  • Furnished

About This Home

As of January 2021

One of the BEST PRICED OCEAN FRONT CONDOs ON THE BEACH ... ......WONDERFUL CHANCE FOR SOMEONE WITH TALENT TO GENERATE A LARGER EQUITY POSITION. ALSO, COMPARE THIS LARGE 2 BEDROOM 1379 SQ FT CONDO TO OTHER SMALLER 2 BEDROOM 1100 SQ FT CONDOS ON THE BEACH AT MUCH HIGHER PRICES. Watercrest is centrally located close to all types of fine dining, shopping, & entertainment. This condo could become the perfect family beach getaway or an INCOME PRODUCING RENTAL MACHINE. Visit the beach when you can and let this condo pay for itself the rest of the time!

Last Agent to Sell the Property

Dale Gumm

Anchor Realty Florida Listed on: 09/29/2020

Last Buyer's Agent

Deanna Hollinger

Anchor Realty Florida

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,406

Year Built

  • Built in 1987

Lot Details

  • Property fronts gulf or ocean

HOA Fees

  • $716 Monthly HOA Fees

Home Design

  • Pillar, Post or Pier Foundation

Interior Spaces

  • 1,379 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Dining Room
  • Stacked Washer and Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Guest Parking
  • Parking Permit Required

Outdoor Features

  • In Ground Pool
  • Balcony

Schools

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

Utilities

  • Central Air
  • Electric Water Heater

Community Details

Overview

  • Association fees include management, clubhouse, insurance, internet, ground maintenance, security, tennis courts, trash, water
  • High-Rise Condominium
  • Watercrest Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Game Room
  • Elevator

Recreation

  • Beach

Security

  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,406

Year Built

Built in 1987

Lot Details

0

HOA Fees

$716 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1987
  • Property Sub Type: Condominium
  • Road Frontage Type: City Street
  • Subdivision Name: Watercrest Condo
  • Architectural Style: High Rise
  • Unit Levels: One
  • Building Stories: 1
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Range, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1379.0
  • Dining Room Type: Dining Room, Full Bath, Kitchen, Primary Bathroom, Primary Bedroom
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: In Ground, Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf
  • Waterfront: Yes
  • Construction Type: Concrete
  • Exterior Features: Balcony
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Guest, Permit Required

Utilities

  • Security Features: 24 Hour Security, Security Service
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Laundry Features: Stacked
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association Fee: 2148.0
  • Community Features: Barbecue, Beach, Elevator, Fitness Center, Game Room, Other, Pool, See Remarks, Tennis Court(s), Waterfront
  • Amenities: Game Room
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Association Management, Clubhouse, Insurance, Internet, Maintenance Grounds, Security, Tennis Courts, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Zoning Description: Resid Single Family

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 2406.0
  • Tax Year: 2019

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2020
Closed on
Jan 22, 2021
Sold by
Rescom Facility Group Llc
Bought by
Tanner Petra and Mancuso Edward
Seller's Agent
Dale Gumm
Anchor Realty Florida
Buyer's Agent
Deanna Hollinger
Anchor Realty Florida
List Price
$435,000
Sold Price
$420,000
Premium/Discount to List
-$15,000
-3.45%
Current Estimated Value
$601,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,794
Avg. Annual Appreciation
8.10%
Original Mortgage
$300,000
Outstanding Balance
$268,974
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$332,820

Purchase Details

Listed on
Dec 19, 2019
Closed on
Aug 25, 2020
Sold by
Swift Loan & Finance Co Inc
Bought by
Rescom Facility Group Llc
Seller's Agent
Fred Peak
Realty Mark Associates
Buyer's Agent
Dale Gumm
Anchor Realty Florida
List Price
$319,900
Sold Price
$300,000
Premium/Discount to List
-$19,900
-6.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
127.20%
Original Mortgage
$262,500
Interest Rate
3%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Tanner Petra $420,000 Setco Services Llc
Rescom Facility Group Llc $300,000 Diamond Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tanner Petra $300,000
Previous Owner Rescom Facility Group Llc $262,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2022 06/20/22 Off Market $300,000 -- --
06/20/2022 06/20/22 Off Market $420,000 -- --
01/22/2021 01/22/21 Sold $420,000 -3.4% $305 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
09/29/2020 09/29/20 For Sale $435,000 +45.0% $315 / Sq Ft
08/27/2020 08/27/20 Sold $300,000 -6.2% $218 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
12/19/2019 12/19/19 For Sale $319,900 -- $232 / 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 $5,619 $490,875 -- --
2023 $5,619 $446,250 $0 $446,250
2022 $4,858 $416,585 $0 $416,585
2021 $2,996 $246,500 $0 $246,500
2020 $2,576 $209,525 $0 $209,525
2019 $2,406 $192,010 $0 $192,010
2018 $2,713 $201,731 $0 $0
2017 $2,571 $183,392 $0 $0
2016 $2,323 $166,720 $0 $0
2015 $2,432 $151,564 $0 $0
2014 $1,856 $137,785 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dale Gumm

    Seller's Agent in 2021

    Dale Gumm

    Anchor Realty Florida

    (270) 319-8903

    13 in this area

    111 Total Sales

    Dale Gumm
    Section Image

  • D

    Buyer's Agent in 2021

    Deanna Hollinger

    Anchor Realty Florida

  • Fred Peak

    Seller's Agent in 2020

    Fred Peak

    Realty Mark Associates

    (850) 776-7522

    10 in this area

    34 Total Sales

    Fred Peak
    Section Image
See All Agents

About Watercrest Condo

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 702540

Central Panhandle Association of REALTORS®

APN: 30585-336-000

Florida Bay County Panama City 32408

6201 Thomas Dr Unit 1506, Panama City, FL

This home is located at 6201 Thomas Dr Unit 1506, Panama City, FL 32408 since 29 September 2020 and is currently estimated at $601,794, approximately $436 per square foot. This property was built in 1987. 6201 Thomas Dr Unit 1506 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.

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.

Nearby Homes