NOT LISTED FOR SALE

The Summit Beach Resort Condominium 8743 Thomas Dr Unit 1007 Panama City Beach, FL 32408

Estimated Value: $302,000 - $344,000

1 Bed
1.5 Baths
740 Sq Ft
392 Sq Ft Lot

Last Sold May 12, 2023

Last sale price $70,000 $95 Per Sq Ft

Est. 359% increase in value since last sale

Current estimated payment $2,642/month

18 Days on Market

Highlights

  • Gulf View
  • Main Floor Primary Bedroom
  • Community Pool
  • Primary Bedroom Suite
  • Furnished
  • Elevator

About This Home

As of May 2023

This beloved Summit unit feels like you're walking on water! STUNNING water views from kitchen, dining, or couch. This unit has been freshly painted in March '23 from ceiling to trim with rental occupancy of 6 increasing income potential. The master bedroom boasts ample space with a king size bed with new quilt and curtains. It has private access to the bathroom. Bunk beds have new linens allowing an increased sleep potential. The living room has a brand new QUEEN size sleeper sofa, new wall art and a TV. Grills are provided on site. There is also a TIKI bar in the pool area and Bikini Bobs Grill! There are 2 gulf side pools, as well as both indoor and outdoor hot tubs! And Summit is within walking distance of restaurants, amusement parks, golf courses, and so much more.

Last Agent to Sell the Property

Heather Fox

Beachy Beach Real Estate License #3392228 Listed on: 04/01/2023

Beachy Beach Real Estate

Last Buyer's Agent

Test Test

ECN - Unknown Office

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1984

Lot Details

  • 392

HOA Fees

  • $640 Monthly HOA Fees

Interior Spaces

  • 740 Sq Ft Home
  • Furnished
  • Living Room
  • Tile Flooring

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Primary Bedroom Suite

Laundry

  • Dryer
  • Washer

Outdoor Features

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 30236-281-000

Community Details

Overview

  • Association fees include accounting, legal, management, sewer, trash
  • Summit Subdivision

Amenities

  • Elevator

Recreation

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1984

Lot Details

392 Sq Ft Lot

HOA Fees

$640 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Summit
  • Directions: Located on Thomas Drive near the end of Joan Ave. South on Joan Ave, west on Thomas Dr
  • Architectural Style: N/A
  • Carport Y N: No
  • New Construction: No
  • Year Built: 1984
  • Remarks Misc:Remarks: This beloved Summit unit feels like you're walking on water! STUNNING water views from kitchen, dining, or couch. This unit has been freshly painted in March '23 from ceiling to trim with rental occupancy of 6 increasing income potential. The master bedroom boasts ample space with a king size bed with new quilt and curtains. It has private access to the bathroom. Bunk beds have new linens allowing an increased sleep potential. The living room has a brand new QUEEN size sleeper sofa, new wall art and a TV. Grills are provided on site. There is also a TIKI bar in the pool area and Bikini Bobs Grill! There are 2 gulf side pools, as well as both indoor and outdoor hot tubs! And Summit is within walking distance of restaurants, amusement parks, golf courses, and so much more.
  • Utilities Electric: Yes
  • Utilities:Public Sewer: Yes
  • Utilities:Public Water: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Energy:AC - Central Elect: Yes
  • Energy:Heat Cntrl Electric: Yes
  • Energy:Water Heater - Elect: Yes
  • Rooms:Living Room: Yes
  • Waterview:Gulf2: Yes
  • Washers: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Stove/Oven Electric, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Interior Amenities: Floor Tile, Furnished - All, Owner's Closet
  • Appliances:StoveOven Electric: Yes
  • Master Bedroom:First: Yes
  • Appliances Dishwasher: Yes
  • Interior:Floor Tile: Yes
  • Interior:Furnished - All: Yes

Exterior Features

  • Pool Features: Pool Type
  • View: Gulf
  • Exterior Features: Balcony
  • Property Condition: Construction Complete
  • Construction Status:Construction Complete: Yes
  • Exterior:Balcony: Yes

Garage/Parking

  • General Property Info:Garage2: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electric, Public Sewer, Public Water, TV Cable
  • Utility: Yes

Condo/Co-op/Association

  • Community Features: Elevators, Pets Allowed, Pool
  • Association #2 Fee: 1920.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Accounting, Legal, Management, Sewer, Trash

Schools

  • Elementary School: Breakfast Point
  • High School: Arnold
  • Middle Or Junior School: Breakfast Point

Lot Info

  • Parcel #: 30236-281-000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2613.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2023
Closed on
Jun 9, 2023
Sold by
Hunter Clifford R
Bought by
Fricks William R and Fricks Kelly R
Seller's Agent
Heather Fox
Beachy Beach Real Estate
Buyer's Agent
Test Test
ECN - Unknown Office
List Price
$355,000
Sold Price
$70,000
Premium/Discount to List
-$285,000
-80.28%
Views
135
Current Estimated Value
$321,520

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,520
Avg. Annual Appreciation
69.72%
Original Mortgage
$200,000
Outstanding Balance
$194,052
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$122,057

Purchase Details

Closed on
Apr 20, 2007
Sold by
Abernathy Rodney E and Jennings James P
Bought by
Hunter Clifford R

Purchase Details

Closed on
Nov 26, 2003
Sold by
Kenison Advertising Co Inc
Bought by
Jennings James P and Abernathy Rodney E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,400
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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
Fricks William R $340,000 None Listed On Document
Hunter Clifford R $220,000 Lawyers Title
Jennings James P $183,000 Lawyers Title Agency Of Nort
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fricks William R $200,000
Previous Owner Jennings James P $146,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2023 05/12/23 Sold $70,000 -80.3% $95 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
04/01/2023 04/01/23 For Sale $355,000 -- $480 / Sq Ft
Source: Emerald Coast 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 $3,948 $263,500 -- $263,500
2024 $3,195 $307,700 -- $307,700
2023 $3,195 $195,385 $0 $287,215
2022 $2,613 $177,623 $0 $0
2021 $2,179 $161,475 $0 $0
2020 $1,980 $164,900 $0 $164,900
2019 $1,772 $141,312 $0 $141,312
2018 $1,710 $133,450 $0 $0
2017 $1,500 $129,625 $0 $0
2016 $1,426 $121,055 $0 $0
2015 $1,406 $110,050 $0 $0
2014 $1,220 $100,045 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Fox

    Seller's Agent in 2023

    Heather Fox

    Beachy Beach Real Estate

    (850) 541-5774

    127 in this area

    172 Total Sales

    Heather Fox
    Section Image

  • T

    Buyer's Agent in 2023

    Test Test

    ECN - Unknown Office

    (585) 329-5058

    221 in this area

    2,909 Total Sales

    Test Test
    Section Image
See All Agents

About The Summit Beach Resort Condominium

Map

Source: Emerald Coast Association of REALTORS®

MLS Number: 920196

Emerald Coast Association of REALTORS®

APN: 30236-281-000

Florida Bay County Panama City Beach 32408

8743 Thomas Dr Unit 1007, Panama City Beach, FL

Not Listed for Sale

Condos

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.

Emerald Coast Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.