NOT LISTED FOR SALE

The Summerhouse Condo 6505 Thomas Dr Unit 1005 Panama City Beach, FL 32408

Estimated Value: $356,260 - $368,000

2 Beds
2 Baths
1,075 Sq Ft
1984 Built

Sale Details

Date Sold: April 9, 2024

Last sale price $370,000 $344 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,342 / mo

16 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Deeded access to the beach
  • In Ground Pool
  • Patronis Elementary School Rated A-
  • Gated with Attendant
  • Fishing

About This Home

As of April 2024

Beautiful 2 bedroom, 2 bath condo in the ''A'' Building. The Master Bedroom has a King size bed and the additional bedroom has a matching Queen and single bed. Many improvements have been made. The kitchen has stainless steel appliances and is rental ready. Plantation shutters have been installed and the Master bedroom is Gulf Front. The complex has 2 pools. One heated seasonally, hot tub, kiddie pool, shuffleboard, tennis courts, video games and pool tables in the newly renovated recreation area. There is also a grilling area and large gazebo with picnic tables right on the beach. Summerhouse has it's own rental program, as well as maintenance and housekeeping, or you may employ your own rental agency. Be sure to check this condo out before buying.

Last Agent to Sell the Property

Ray Mcdonald

CitiStar Realty License #3149142 Listed on: 02/04/2024

Co-Listed By

Barbara McDonald

CitiStar Realty License #3155386

Last Buyer's Agent

Daniel Walker

EXP Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,687

Year Built

  • Built in 1984

Home Design

  • Stucco

Interior Spaces

  • Ceiling Fan
  • Double Pane Windows
  • Living Room
  • Dining Room

Kitchen

  • Electric Oven
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Security Lights
  • Security Gate

Parking

  • No Garage
  • Gated Parking
  • Paved Parking
  • Additional Parking
  • Parking Lot

Outdoor Features

  • In Ground Pool
  • Deeded access to the beach
  • Balcony

Schools

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

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • Accessible Approach with Ramp

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Community
  • Summerhouse Condo. Subdivision

Amenities

  • Community Barbecue Grill
  • Game Room

Recreation

  • Community Playground
  • Fishing

Security

  • Gated with Attendant
  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector
  • Fire Escape

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,687

Year Built

Built in 1984

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Accessibility Features: Accessible Approach with Ramp
  • Year Built: 1984
  • Property Sub Type: Condominium
  • Lot Size: 0
  • Road Frontage Type: City Street
  • Co List Office Mls Id: BCSR
  • Co List Office Phone: 850-230-5060
  • Subdivision Name: Summerhouse Condo.
  • Architectural Style: High Rise
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Oven, Electric Range
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Dining Room Type: Bedroom, Dining Room, Kitchen, Living Room, Primary Bedroom
  • Window Features: Double Pane Windows, Storm Window(s)

Exterior Features

  • Pool Features: In Ground, Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand, Shoreline - Natural
  • Waterfront: Yes
  • Construction Type: Concrete, Stucco
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: Additional Parking, Gated, No Garage, Paved, Parking Lot
  • Garage: No
  • Attached Garage: No

Utilities

  • Utilities: Cable Connected, Electricity Available, Water Connected
  • Security Features: Building Security, Fire Escape, Security Gate, Gated with Guard, Gated Community, Security Guard, Security Lights, Smoke Detector(s), Security Service
  • Cooling: Ceiling Fan(s)
  • Heating: Electric
  • Green Building Features: Dumpster
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Barbecue, Fishing, Game Room, Playground, Pool, Tennis Court(s), Waterfront, Gated, Short Term Rental Allowed
  • Amenities: Other, See Remarks, Beach Rights, Game Room, Gated, Barbecue
  • Association: Yes

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Paved
  • Mobile Dim Units: Feet
  • Zoning Description: County, Resid Single Family

Multi Family

  • Number Of Units Furnished: All Units

Tax Info

  • Tax Annual Amount: 4687.0
  • Tax Year: 2023

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2024
Closed on
Mar 26, 2024
Sold by
Chapman Mary P
Bought by
Norris Tana N
Seller's Agent
Ray Mcdonald
CitiStar Realty
Buyer's Agent
Daniel Walker
EXP Realty LLC
List Price
$389,900
Sold Price
$370,000
Premium/Discount to List
-$19,900
-5.1%
Views
61
Current Estimated Value
$363,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,435
Avg. Annual Appreciation
-0.82%
Original Mortgage
$296,000
Outstanding Balance
$291,208
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$72,357

Purchase Details

Closed on
May 28, 2021
Sold by
Stotts Frank Rip
Bought by
Chapman Mary P

Purchase Details

Closed on
Jul 26, 2019
Sold by
Stotts Stacy Jackson
Bought by
Stotts Frank Rip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,024
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2015
Sold by
Purser Cheryl B and Purser James E
Bought by
Stotts Frank R and Stotts Stacy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Norris Tana N $370,000 Mti Title
Norris Tana N $370,000 Mti Title
Chapman Mary P $362,100 Attorney
Stotts Frank Rip -- Attorney
Stotts Frank R $235,000 Diamond Title Agency Inc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Norris Tana N $296,000
Closed Norris Tana N $296,000
Previous Owner Stotts Frank Rip $181,024
Previous Owner Stotts Frank R $188,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2024 04/09/24 Sold $370,000 -5.1% $344 / Sq Ft
02/21/2024 02/21/24 Pending -- -- --
02/04/2024 02/04/24 For Sale $389,900 -- $363 / Sq Ft
Source: Central Panhandle Association of REALTORS®

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
2025 $4,831 $305,958 -- $305,958
2024 $4,687 $385,688 -- --
2023 $4,687 $350,625 $0 $398,650
2022 $3,727 $318,750 $0 $318,750
2021 $2,908 $239,126 $0 $239,126
2020 $2,685 $217,387 $0 $217,387
2019 $2,548 $203,553 $0 $203,553
2018 $2,732 $215,050 $0 $0
2017 $2,611 $204,000 $0 $0
2016 $2,604 $199,750 $0 $0
2015 $2,587 $186,447 $0 $0
2014 $2,336 $169,497 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Ray Mcdonald

    CitiStar Realty

    (850) 866-5642

    6 in this area

    47 Total Sales

    Ray Mcdonald
    Section Image

  • B

    Seller Co-Listing Agent in 2024

    Barbara McDonald

    CitiStar Realty

    (850) 230-5060

    4 in this area

    31 Total Sales

    Barbara McDonald
    Section Image

  • D

    Buyer's Agent in 2024

    Daniel Walker

    EXP Realty LLC

See All Agents

About The Summerhouse Condo

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 752332

Central Panhandle Association of REALTORS®

APN: 30585-674-000

Florida Bay County Panama City Beach 32408

6505 Thomas Dr Unit 1005, 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
Your Personal Tour Guide

Ask me questions while you tour the home.