The Summit Beach Resort Condominium 8743 Thomas Dr Unit 1513 Panama City Beach, FL 32408
3
Beds
3
Baths
1,531
Sq Ft
$450/mo
HOA Fee
Highlights
- Beach
- Property fronts gulf or ocean
- Furnished
- J.R. Arnold High School Rated A-
- Clubhouse
- Community Pool
About This Home
As of March 2023Amazing Opportunity! Short term price reduction!!! Buy now at a reduced price and complete the remodel with your finishes. Projected rental income of $49K+!!! Forever gulf views from this Summit Resort 3BR / 3BA The spacious living room, dining area and kitchen take full advantage for the forever views for enjoying sunrises and sunsets. The balcony is ideal for relaxation and dolphin watching above the white sandy beach and emerald coast waters. Wake up to the sunrise over the Gulf of Mexico from the master bedroom! The Summit features direct beach access, 2 resort size pools, 2 hot tubs, a tiki bar, fitness center, game room and ideal for any member of the family located minutes from various eateries and attractions.
Last Agent to Sell the Property
Keller Williams Realty Emerald License #3250480 Listed on: 04/25/2018
Last Buyer's Agent
Keller Williams Realty Emerald License #3250480 Listed on: 04/25/2018
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,760
Year Built
- Built in 1984
HOA Fees
- $450 Monthly HOA Fees
Interior Spaces
- 1,531 Sq Ft Home
- 1-Story Property
- Furnished
- Ceiling Fan
- Living Room
- Dining Room
Kitchen
- Breakfast Bar
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Schools
- Breakfast Point Elementary And Middle School
- Arnold High School
Additional Features
- Balcony
- Central Heating
Community Details
Overview
- Association fees include clubhouse, cable TV, insurance, internet, legal/accounting, ground maintenance, pool(s), recreation facilities, trash
- The Summit HOA
- High-Rise Condominium
- The Summit Subdivision
Amenities
- Community Barbecue Grill
- Clubhouse
- Game Room
- Elevator
Recreation
- Beach
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 5, 2022
Closed on
Mar 31, 2023
Sold by
Whitt Lauren and Colby Shaw
Bought by
Perlick Timothy
Seller's Agent
Whitney Stevens
Corcoran Reverie
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$699,000
Sold Price
$694,000
Premium/Discount to List
-$5,000
-0.72%
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,173
Avg. Annual Appreciation
-1.66%
Original Mortgage
$435,849
Outstanding Balance
$423,971
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$242,311
Purchase Details
Closed on
Mar 22, 2021
Sold by
Cabe Melody O
Bought by
Whitt Lauren
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,250
Interest Rate
3.37%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 20, 2018
Closed on
Mar 29, 2019
Sold by
Cabe Robert E
Bought by
Cabe Melody O
Seller's Agent
Tosha Corrigan
Keller Williams Realty SRB
Buyer's Agent
Tosha Corrigan
Keller Williams Realty SRB
List Price
$335,000
Sold Price
$335,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.27%
Original Mortgage
$125,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $694,000 | Setco Services | |
| Warranty Deed | $425,000 | Bright Line Title Llc | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $335,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $435,849 | New Conventional | |
| Previous Owner | $361,250 | New Conventional | |
| Previous Owner | $125,000 | New Conventional | |
| Previous Owner | $0 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2023 03/31/23 | Sold | $694,000 | -0.7% | $453 / Sq Ft |
| 02/06/2023 02/06/23 | For Sale | $699,000 | 0.0% | $457 / Sq Ft |
| 02/06/2023 02/06/23 | Pending | -- | -- | -- |
| 02/02/2023 02/02/23 | For Sale | $699,000 | 0.0% | $457 / Sq Ft |
| 01/22/2023 01/22/23 | Off Market | $699,000 | -- | -- |
| 12/30/2022 12/30/22 | Price Changed | $699,000 | -4.1% | $457 / Sq Ft |
| 11/21/2022 11/21/22 | Price Changed | $729,000 | -1.5% | $476 / Sq Ft |
| 10/30/2022 10/30/22 | Price Changed | $740,000 | -1.3% | $483 / Sq Ft |
| 10/05/2022 10/05/22 | For Sale | $750,000 | +123.9% | $490 / Sq Ft |
| 06/20/2022 06/20/22 | Off Market | $335,000 | -- | -- |
| 03/29/2019 03/29/19 | Sold | $335,000 | 0.0% | $219 / Sq Ft |
| 03/29/2019 03/29/19 | Sold | $335,000 | 0.0% | $219 / Sq Ft |
| 03/11/2019 03/11/19 | Pending | -- | -- | -- |
| 03/09/2019 03/09/19 | Pending | -- | -- | -- |
| 06/20/2018 06/20/18 | For Sale | $335,000 | -11.6% | $219 / Sq Ft |
| 04/25/2018 04/25/18 | For Sale | $379,000 | -- | $248 / Sq Ft |
Source: Central Panhandle Association of REALTORS®
Tax History Compared to Growth
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 | $5,792 | $560,575 | -- | $560,575 |
| 2023 | $5,792 | $401,115 | $0 | $520,540 |
| 2022 | $4,293 | $364,650 | $0 | $364,650 |
| 2021 | $3,623 | $289,000 | $0 | $289,000 |
| 2020 | $3,469 | $289,000 | $0 | $289,000 |
| 2019 | $2,748 | $221,637 | $0 | $221,637 |
| 2018 | $3,336 | $266,088 | $0 | $0 |
| 2017 | $2,760 | $241,898 | $0 | $0 |
| 2016 | $2,803 | $241,898 | $0 | $0 |
| 2015 | $2,793 | $222,123 | $0 | $0 |
| 2014 | $2,542 | $201,930 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Whitney Stevens
Seller's Agent in 2023
Whitney Stevens
Corcoran Reverie
(850) 348-7302
13 in this area
32 Total Sales
-
Sarah Bagnato
Seller Co-Listing Agent in 2023
Sarah Bagnato
Beachy Beach Real Estate
(850) 851-9902
5 in this area
15 Total Sales
-
N
Buyer's Agent in 2023
Non Member
NON-MEMBER OFFICE
-
Tosha Corrigan
Seller's Agent in 2019
Tosha Corrigan
Keller Williams Realty SRB
(850) 660-1000
2 in this area
91 Total Sales
About The Summit Beach Resort Condominium
Map
Source: Central Panhandle Association of REALTORS®
MLS Number: 671009
APN: 30236-447-000
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.
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