NOT LISTED FOR SALE

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

Estimated Value: $293,000 - $334,000

1 Bed
1.5 Baths
740 Sq Ft
392 Sq Ft Lot Lot

Sale Details

Date Sold: June 9, 2023

Last sale price $340,000 $459 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,989 / mo

31 Days on Market

Highlights

  • 24-Hour Security
  • Community Pool
  • Balcony
  • Gulf View
  • Elevator
  • Living Room

About This Home

As of June 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 #SL3392228 Listed on: 03/18/2023

Beachy Beach Real Estate

Last Buyer's Agent

William Mansey

Anchor Realty Florida License #SL3531305

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,613

Year Built

  • Built in 1984

Lot Details

  • 392

Interior Spaces

  • Living Room
  • Electric Range

Bedrooms and Bathrooms

  • 1 Bedroom

Home Security

Outdoor Features

Schools

  • Breakfast Point Elementary And Middle School
  • Arnold High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Community Details

Overview

  • Property has a Home Owners Association
  • High-Rise Community
  • Summit Subdivision

Amenities

  • Elevator

Recreation

Security

  • 24-Hour Security
  • Fire Sprinkler System
  • Firewall

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,613

Year Built

Built in 1984

Lot Details

392 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Year Built: 1984
  • Property Sub Type: Condominium
  • Lot Size: Condo
  • Subdivision Name: Summit
  • Architectural Style: High Rise
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Electric Water Heater
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Dining Room Type: Full Bath, Kitchen, Living Room, Primary Bedroom

Exterior Features

  • Pool Features: Community
  • View: Gulf
  • View: Yes
  • Waterfront: No
  • Patio And Porch Features: Balcony

Garage/Parking

  • Garage: No

Utilities

  • Utilities: Cable Connected, Electricity Available, Water Connected
  • Security Features: Firewall(s), Fire Sprinkler System, 24 Hour Security, Security Guard, Security Service
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: Elevator, Pool, Short Term Rental Allowed
  • Amenities: Other, See Remarks
  • Association: Yes

Schools

  • Middle Or Junior School: Breakfast Point

Lot Info

  • Mobile Dim Units: Feet

Multi Family

  • Number Of Units Furnished: All Units

Tax Info

  • Tax Annual Amount: 2613.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Breakfast Point
  • High School: Arnold

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 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
William Mansey
Anchor Realty Florida
List Price
$355,000
Sold Price
$340,000
Premium/Discount to List
-$15,000
-4.23%
Views
135
Current Estimated Value
$306,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,113
Avg. Annual Appreciation
-3.40%
Original Mortgage
$200,000
Outstanding Balance
$194,052
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$112,835

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

Range of Values:

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

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
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

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 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
06/09/2023 06/09/23 Sold $340,000 -4.2% $459 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
04/05/2023 04/05/23 Price Changed $355,000 -1.4% $480 / Sq Ft
03/20/2023 03/20/23 Price Changed $359,900 -2.7% $486 / Sq Ft
03/19/2023 03/19/23 Price Changed $369,900 +4.2% $500 / Sq Ft
03/18/2023 03/18/23 For Sale $355,000 -- $480 / 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 $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

    116 in this area

    143 Total Sales

    Heather Fox
    Section Image
  • William Mansey

    Buyer's Agent in 2023

    William Mansey

    Anchor Realty Florida

    (850) 774-4594

    2 in this area

    13 Total Sales

    William Mansey
    Section Image
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About The Summit Beach Resort Condominium

Map

Source: Central Panhandle Association of REALTORS®

MLS Number: 738953

Central Panhandle Association of REALTORS®

APN: 30236-281-000

Florida Bay County Panama City Beach 32408

8743 Thomas Dr Unit 1007, 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.

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