NOT LISTED FOR SALE

623 Fernwood St Unit C Panama City Beach, FL 32407

Estimated Value: $610,956

4 Beds
4 Baths
2,600 Sq Ft
$235/Sq Ft Est. Value

Last Sold September 09, 2024

Last sale price $625,000 $240 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,509/month

105 Days on Market

Highlights

  • Gulf View
  • Coastal Architecture
  • No HOA
  • J.R. Arnold High School Rated A-
  • Furnished
  • Covered Patio or Porch

About This Home

As of September 2024

CURRENTLY UNDER CONTRACT, SELLER WILL CONSIDER BACKUP OFFERS. Welcome to your new three-story beach house with fabulous GULF VIEWS!!! Situated just two blocks from the white sand beaches of The Gulf of Mexico!!! The main residence boasts a spacious open living area, 3 large bedrooms, 3 full bathrooms & multiple decks to relax & enjoy the gulf views & beautiful sunsets! There is also ample storage space & a one-car car garage with an extra storage area perfect for your beach gear. In addition to the main residence, there is a cozy efficiency apartment with a full bathroom & its own private entrance located on the ground level. This inviting beach home is turn-key & holds great potential as an investment property with the option to rent the 3-bedroom 3-bathroom residence & efficiency apartment as two separate rentals, combine them together as a 4-bedroom, 4-bathroom rental or live in one & rent the other. Centrally located & convenient to Pier Park, shopping, restaurants, golf courses & many of Panama City Beach's area attractions. Don't miss out on the opportunity to own this inviting beach house in a prime location!

Last Agent to Sell the Property

Dee Anderson

Gulf Life Real Estate Inc Listed on: 05/02/2024

Last Buyer's Agent

Brian Holsapple

Pineapple Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,543

Year Built

  • Built in 2004

Lot Details

  • 2,614

Parking

  • 1 Car Garage

Home Design

  • Coastal Architecture
  • Property Attached
  • Stucco

Interior Spaces

  • 2,600 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Living Room
  • Gulf Views
  • Stacked Washer and Dryer

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Schools

  • Hutchison Beach Elementary School
  • Surfside Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • Lot Dimensions are 20x83

Community Details

  • No Home Owners Association
  • Bahama Beach Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,543

Year Built

Built in 2004

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Year Built: 2004
  • Property Sub Type: Attached
  • Lot Size: 20X83
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Bahama Beach
  • Architectural Style: Coastal
  • Special Features: None

Interior Features

  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
  • Interior Amenities: Breakfast Bar
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Living Area: 2600.0
  • Dining Room Type: Bedroom, Living Room, Primary Bedroom

Exterior Features

  • View: Gulf
  • View: Yes
  • Waterfront: No
  • Construction Type: Stucco
  • Exterior Features: Covered Patio
  • Patio And Porch Features: Covered, Patio

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Garage: Yes

Utilities

  • Utilities: Water Connected
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Heating: Central, Electric
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Short Term Rental Allowed
  • Association: No

Schools

  • Middle Or Junior School: Surfside

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Annual Amount: 3543.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Hutchison Beach
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Sep 9, 2024
Sold by
Fox Sandra
Bought by
Gargus Living Trust and Gargus
Seller's Agent
Dee Anderson
Gulf Life Real Estate Inc
Buyer's Agent
Brian Holsapple
Pineapple Properties
List Price
$695,000
Sold Price
$625,000
Premium/Discount to List
-$70,000
-10.07%
Views
14
Current Estimated Value
$610,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,044
Avg. Annual Appreciation
-1.99%
Original Mortgage
$500,000
Outstanding Balance
$494,702
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$116,254

Purchase Details

Closed on
Jul 10, 2023
Sold by
Fox Melissa M
Bought by
Fox Sandra

Purchase Details

Closed on
Nov 1, 2018
Sold by
White Robert and Fox Melissa M
Bought by
Fox Melissa M

Purchase Details

Closed on
Nov 30, 2016
Sold by
Bank Of Early
Bought by
White Robert Edward and Fox Melissa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,000
Interest Rate
3.52%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 23, 2014
Sold by
Rpwm Llc
Bought by
Bank Of Early

Purchase Details

Closed on
Feb 3, 2006
Sold by
Rpwm Llc
Bought by
Phillips Irene Williams

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2004
Sold by
Rpwm Llc
Bought by
Torgerson Erik

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,000
Interest Rate
5.67%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 19, 2004
Sold by
Rpwm Llc
Bought by
Yamilkoski Andrew and Yamilkoski Tammy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$438,000
Interest Rate
5.67%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 11, 2003
Sold by
Tierce Dennie Eugene and Tierce Martha Jane
Bought by
Rpwm Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,500
Interest Rate
6.13%
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
Gargus Living Trust $625,000 Clear Title
Gargus Living Trust $625,000 Clear Title
Fox Sandra $100 None Listed On Document
Fox Sandra $100 None Listed On Document
Fox Melissa M $75,000 Attorney
White Robert Edward $194,000 Diamond Title Agency Inc
Bank Of Early -- None Available
Phillips Irene Williams $600,000 Dowd Title Group Llc
Torgerson Erik $547,500 --
Yamilkoski Andrew $563,300 --
Rpwm Llc $178,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gargus Living Trust $500,000
Closed Gargus Living Trust $500,000
Previous Owner White Robert Edward $19,000
Previous Owner Phillips Irene Williams $417,000
Previous Owner Torgerson Erik $438,000
Previous Owner Yamilkoski Andrew $450,550
Previous Owner Rpwm Llc $548,500
Closed Yamilkoski Andrew $84,450
Closed Torgerson Erik $54,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2024 09/09/24 Sold $625,000 -7.4% $240 / Sq Ft
08/06/2024 08/06/24 Price Changed $675,000 -2.9% $260 / Sq Ft
05/02/2024 05/02/24 For Sale $695,000 -- $267 / 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 $3,543 $25,410 $25,410 --
2023 $3,543 $277,918 $81,242 $196,676
2022 $3,046 $255,364 $72,748 $182,616
2021 $2,934 $235,971 $58,287 $177,684
2020 $2,933 $231,333 $51,518 $179,815
2019 $2,677 $217,498 $35,019 $182,479
2018 $2,681 $210,332 $0 $0
2017 $2,226 $191,211 $0 $0
2016 $2,133 $182,962 $0 $0
2015 $2,219 $184,654 $0 $0
2014 $2,237 $186,409 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Dee Anderson

    Gulf Life Real Estate Inc

    (256) 613-6570

    9 in this area

    24 Total Sales

    Dee Anderson
    Section Image
  • Brian Holsapple

    Buyer's Agent in 2024

    Brian Holsapple

    Pineapple Properties

    (618) 580-8704

    32 in this area

    38 Total Sales

    Brian Holsapple
    Section Image
See All Agents

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 756538

Central Panhandle Association of REALTORS®

APN: 34147-000-000

Florida Bay County Panama City Beach 32407

623 Fernwood St Unit C, Panama City Beach, FL

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