NOT LISTED FOR SALE

Coral Reef Condominiums 6609 Thomas Dr Unit 803 Panama City, FL 32408

Estimated Value: $524,000 - $587,000

2 Beds
2 Baths
1,427 Sq Ft
$628/mo HOA Fee

Last Sold September 10, 2019

Last sale price $339,000 $238 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,140/month

95 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Heated Pool
  • Furnished
  • Patronis Elementary School Rated A-
  • Clubhouse
  • Elevator

About This Home

As of September 2019

CURRENTLY UNDER CONTRACT, SELLER ACCEPTING BACKUP OFFERS fully- furnished turn key rental. -1427 sq.ft. - 2 bedrooms - 2 baths with tile throughout. Coral Reef Resort offers 82 gulf front condos with well maintained and manicured amenities. Located within 5 miles to St. Andrew St Park, three full service marinas, charter boats, our best local restaurants, farmer's markets and the Grand Lagoon waterfront. Relax and enjoy your investment, primary or secondary residence on the beautiful beaches of Panama City Beach! (buyer to verify measurements and dimensions if deemed necessary)

Last Agent to Sell the Property

Stacey Dupree

Coldwell Banker Carroll Realty License #3021021 Listed on: 04/12/2019

Last Buyer's Agent

Non Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,629

Year Built

  • Built in 1999

Lot Details

HOA Fees

  • $628 Monthly HOA Fees

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

  • 1,427 Sq Ft Home
  • 3-Story Property
  • Furnished

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Heated Pool
  • Balcony

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

  • Association fees include management, clubhouse, cable TV, internet, sewer, trash, water
  • 82 Units
  • Victoria Chamblin Association
  • High-Rise Condominium
  • Coral Reef Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Elevator

Recreation

  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,629

Year Built

Built in 1999

Lot Details

0

HOA Fees

$628 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1999
  • Property Sub Type: Condominium
  • Lot Size: condo
  • Subdivision Name: Coral Reef Condo
  • Architectural Style: High Rise
  • Unit Levels: Three Or More
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Living Area: 1427.0
  • Dining Room Type: Bedroom, Primary Bathroom
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: Electric Heat, Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Shoreline - Sand
  • Waterfront: Yes
  • Construction Type: Stucco
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony
  • Roof: Tile

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Security Features: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 1885.0
  • Community Features: Barbecue, Clubhouse, Elevator, Fitness Center, Other, Pool, See Remarks
  • Association Fee Frequency: Quarterly
  • Association Name: Victoria Chamblin
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Association Management, Clubhouse, Cable TV, Internet, Sewer, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Zoning Description: Resort

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 82

Tax Info

  • Tax Annual Amount: 3629.0
  • Tax Year: 2017

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2019
Closed on
Sep 10, 2019
Sold by
Carrollton Shm Real Estate Llc
Bought by
Cross James Sherman and Cross Sharon L
Seller's Agent
Stacey Dupree
Coldwell Banker Carroll Realty
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$369,000
Sold Price
$339,000
Premium/Discount to List
-$30,000
-8.13%
Current Estimated Value
$554,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,689
Avg. Annual Appreciation
9.45%
Original Mortgage
$237,300
Outstanding Balance
$210,511
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$368,717

Purchase Details

Closed on
Aug 21, 2009
Sold by
Ivey J H and Ivey Dean Y
Bought by
Carrollton Shm Real Estate Llc

Purchase Details

Closed on
Jan 31, 2002
Sold by
Fugunt Ted E and Fugunt Tina E
Bought by
Ivey J H and Ivey Dean Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.14%
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
Cross James Sherman $339,000 Blue Title Llc
Carrollton Shm Real Estate Llc $300,000 Diamond Title Agency Inc
Ivey J H $307,000 Lawyers Title Agency Of Nort
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cross James Sherman $237,300
Previous Owner Ivey John H $165,000
Previous Owner Ivey J H $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2022 06/20/22 Off Market $339,000 -- --
09/10/2019 09/10/19 Sold $339,000 -8.1% $238 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
04/12/2019 04/12/19 For Sale $369,000 -- $259 / 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 $5,695 $459,216 -- --
2023 $5,695 $417,469 $0 $496,825
2022 $4,582 $379,517 $0 $0
2021 $4,230 $345,015 $0 $0
2020 $3,856 $313,650 $0 $313,650
2019 $3,903 $314,458 $0 $314,458
2018 $3,599 $284,325 $0 $0
2017 $3,629 $284,750 $0 $0
2016 $3,543 $272,850 $0 $0
2015 $3,574 $267,750 $0 $0
2014 $3,335 $250,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Stacey Dupree

    Coldwell Banker Carroll Realty

  • N

    Buyer's Agent in 2019

    Non Member

    NON-MEMBER OFFICE

See All Agents

About Coral Reef Condominiums

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 682449

Central Panhandle Association of REALTORS®

APN: 30585-990-803

Florida Bay County Panama City 32408

6609 Thomas Dr Unit 803, Panama City, FL

This home is located at 6609 Thomas Dr Unit 803, Panama City, FL 32408 since 12 April 2019 and is currently estimated at $556,173, approximately $389 per square foot. This property was built in 1999. 6609 Thomas Dr Unit 803 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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