NOT LISTED FOR SALE

Coral Reef Condominiums 6609 Thomas Dr Unit 901 Panama City, FL 32408

Estimated Value: $956,000 - $1,160,000

4 Beds
3 Baths
2,060 Sq Ft
$1,058/mo HOA Fee

Last Sold July 06, 2023

Last sale price $1,250,000 $607 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $7,500/month

1 Day on Market

Highlights

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

About This Home

As of July 2023

Coral Reef is absolutely comparable to a brand new condominium complex. It has undergone what some would consider the ''best facelift in the world of condominiums.'' It has all new windows, new doors, & new paint. With only 82 units in the building, it is quieter than most and very well kept! The 4 BEDROOM, 3 BATH CORNER UNIT will not disappoint. You will smile as you enter, and it only gets better. Tasteful updates will let you know that no expense was spared. From the fabulous storage with a bench seat (that lifts up) to the wooden pullouts in cabinets, you will love every convenience. The Breakfast area has a precious light fixture with ''shiplap'' in sight, but the kitchen is a show stopper with Chevron backsplash, quartz countertops, stainless appliances and updated cabinetry! The main floor is wooden plank luxury laminate and the decorative tile in the three updated bathrooms will ''floor'' you! With over 2000 square feet, you would be comfortable living there or comfortable cashing a check for rental income. Two of the four bedrooms are GULF FRONT, but the balcony has plenty of seating for all! The Polywood construction of the Adirondack chairs should last forever, and all SUNSETS are free from your balcony! This unit sleeps 10 with three king and two queen beds. The bathrooms have beautiful fixtures and the coolest floors. The condo furnishings are high end. The dining area has a round table that is perfect for a card game or a great conversation with a view of the ocean. This is a must see---but it is also a MUST HAVE!

Last Agent to Sell the Property

Holli Persall

ERA Neubauer Real Estate Inc License #3198726 Listed on: 06/18/2023

ERA Neubauer Real Estate Inc

Last Buyer's Agent

Amanda Kaiser

Compass Florida, LLC

Compass Florida, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,619

Year Built

  • Built in 1999 | Remodeled

Lot Details

HOA Fees

  • $1,058 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Newly Painted Property

Interior Spaces

  • 2,060 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Double Pane Windows
  • Living Room

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Deeded access to the beach
  • 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 clubhouse, cable TV, insurance, legal/accounting, ground maintenance, pool(s), sewer, trash, water
  • 82 Units
  • High-Rise Condominium
  • Coral Reef Condo Subdivision

Amenities

  • Picnic Area
  • Elevator

Recreation

  • Beach
  • Community Pool
  • Fishing

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,619

Year Built

Built in 1999 | Remodeled

Lot Details

0

HOA Fees

$1,058 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1999
  • Property Sub Type: Condominium
  • Lot Size: 0 x 0-
  • Road Surface Type: Paved
  • Subdivision Name: Coral Reef Condo
  • Architectural Style: High Rise
  • Entry Level: 9
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Disposal, Refrigerator, Washer
  • Interior Amenities: Breakfast Bar, New Paint, Pantry, Remodeled, Recessed Lighting, Split Bedrooms
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Living Area: 2060.0
  • Dining Room Type: Bedroom, Kitchen, Living Room, Primary Bathroom
  • Window Features: Double Pane Windows
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Pool Features: In Ground, Community
  • View: Gulf
  • View: Yes
  • Waterfront Features: Gulf, Waterfront
  • Waterfront: Yes
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Parking Features: Parking Lot
  • Garage: No

Utilities

  • Utilities: Electricity Connected, Sewer Connected
  • Cooling: Central Air, Ceiling Fan(s)
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 3175.0
  • Community Features: Beach, Elevator, Fitness Center, Fishing, Short Term Rental Allowed, Waterfront, Pool
  • Amenities: Beach Rights, Picnic Area
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Fee Information

  • Association Fee Includes: Clubhouse, Cable TV, Insurance, Legal/Accounting, Maintenance Grounds, Pool(s), Sewer, Trash, Water

Schools

  • Middle Or Junior School: Surfside

Lot Info

  • Lot Features: Waterfront

Rental Info

  • Furnished: Furnished

Multi Family

  • Number Of Units In Community: 82

MLS Schools

  • Elementary School: Patronis
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2023
Closed on
Jun 28, 2023
Sold by
Cromartie John D and Cromartie Lisa L
Bought by
Hg Thomas Revocable Trust and Thomas
Seller's Agent
Holli Persall
ERA Neubauer Real Estate Inc
Buyer's Agent
Amanda Kaiser
Compass Florida, LLC
List Price
$1,300,000
Sold Price
$1,250,000
Premium/Discount to List
-$50,000
-3.85%
Views
8
Current Estimated Value
$1,035,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$214,930
Avg. Annual Appreciation
-8.48%

Purchase Details

Listed on
Nov 11, 2017
Closed on
Mar 30, 2018
Sold by
Evans Pecan Llc
Bought by
Cromartie John D and Cromartie Lisa L
Seller's Agent
Holli Persall
ERA Neubauer Real Estate Inc
Buyer's Agent
Holli Persall
ERA Neubauer Real Estate, Inc
List Price
$590,000
Sold Price
$580,000
Premium/Discount to List
-$10,000
-1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.69%
Original Mortgage
$760,000
Interest Rate
4.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jun 4, 2014
Closed on
Nov 7, 2014
Sold by
Chism Robert E and Chism Mynhon L
Bought by
Evans Pecan Llc
Seller's Agent
Cindy Armstrong Karr
Berkshire Hathaway HomeServices Beach Properties of Florida
Buyer's Agent
Holli Persall
ERA Neubauer Real Estate, Inc
List Price
$599,000
Sold Price
$500,000
Premium/Discount to List
-$99,000
-16.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.48%

Purchase Details

Closed on
Dec 3, 2004
Sold by
Knight Walton H and Knight Betty T
Bought by
Chism Robert E and Chism Mynhom L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$636,750
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Hg Thomas Revocable Trust $1,250,000 Mti Title
Cromartie John D $580,000 Attorney
Evans Pecan Llc $500,000 None Available
Chism Robert E $849,000 Lawyers Title Agency Of Nort
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cromartie John D $760,000
Previous Owner Chism Robert E $636,750
Previous Owner Knight Betty Todd $322,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2023 07/06/23 Sold $1,250,000 -3.8% $607 / Sq Ft
06/20/2023 06/20/23 Pending -- -- --
06/18/2023 06/18/23 For Sale $1,300,000 +160.0% $631 / Sq Ft
06/20/2022 06/20/22 Off Market $500,000 -- --
06/20/2022 06/20/22 Off Market $580,000 -- --
03/30/2018 03/30/18 Sold $580,000 -1.7% $282 / Sq Ft
02/26/2018 02/26/18 Pending -- -- --
11/11/2017 11/11/17 For Sale $590,000 +18.0% $286 / Sq Ft
11/07/2014 11/07/14 Sold $500,000 -16.5% $243 / Sq Ft
10/24/2014 10/24/14 Pending -- -- --
06/04/2014 06/04/14 For Sale $599,000 -- $291 / 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 $9,619 $892,500 -- $892,500
2023 $9,619 $667,497 $0 $892,500
2022 $7,871 $606,815 $0 $0
2021 $6,802 $551,650 $0 $0
2020 $6,141 $501,500 $0 $501,500
2019 $6,114 $493,000 $0 $493,000
2018 $6,182 $488,538 $0 $0
2017 $5,637 $444,125 $0 $0
2016 $5,823 $450,500 $0 $0
2015 $5,649 $425,000 $0 $0
2014 $5,446 $410,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Holli Persall

    Seller's Agent in 2023

    Holli Persall

    ERA Neubauer Real Estate Inc

    (850) 866-8195

    14 in this area

    176 Total Sales

    Holli Persall
    Section Image

  • A

    Buyer's Agent in 2023

    Amanda Kaiser

    Compass Florida, LLC

    Section Image
  • Cindy Armstrong Karr

    Seller's Agent in 2014

    Cindy Armstrong Karr

    Berkshire Hathaway HomeServices Beach Properties of Florida

    (850) 303-3477

    12 in this area

    57 Total Sales

    Cindy Armstrong Karr
    Section Image
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About Coral Reef Condominiums

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 742908

Central Panhandle Association of REALTORS®

APN: 30585-990-901

Florida Bay County Panama City 32408

6609 Thomas Dr Unit 901, Panama City, FL

This home is located at 6609 Thomas Dr Unit 901, Panama City, FL 32408 since 18 June 2023 and is currently estimated at $1,035,070, approximately $502 per square foot. This property was built in 1999. 6609 Thomas Dr Unit 901 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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