NOT LISTED FOR SALE

1427 SW Rustic Ln Palm City, FL 34990

Estimated Value: $792,697 - $917,000

4 Beds
2 Baths
3,120 Sq Ft
$269/Sq Ft Est. Value

Last Sold October 06, 2023

Last sale price $750,000 $240 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,070/month

Highlights

  • Property has ocean access
  • Boat Dock
  • Waterfront
  • Bessey Creek Elementary School Rated A-
  • Boat Ramp
  • Canal View

About This Home

As of October 2023

Rustic Hills Canal Waterfront-Price Reduced below Appraised Value. Rebuilt 2005-2007 including metal roof, attic, walls, fence, floors, windows, trek deck (lasts a lifetime), 2 bathrooms possible 3rd bath, landscaping, outdoor pavers, new drainfield, French drains, seawall, boat lift & working sump pump in lower living area, the entire build out in lower living area was done with galvanized aluminum & Dura rock. 7000 sq.ft. of outdoor entertaining patio space with plenty of room for furniture...very unique and was quite an expensive add on. Icynene foam insulation in attic over main house & garage. 16,000 pound boat lift. Ocean access with one bridge. Being sold "as-is" with right to inspect. Buyer to pay title. Pre-qualifying letter if buyer is getting a mortgage. Proof of Funds required on cash offers.

Last Agent to Sell the Property

Diane Asker

Laviano & Associates Real Esta License #352767 Listed on: 05/22/2023

Laviano & Associates Real Esta

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,437

Year Built

  • Built in 1973

Lot Details

  • 0.32 Acre Lot
  • Waterfront
  • Sprinkler System

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Frame Construction
  • Metal Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property
  • Canal Views
  • Hurricane or Storm Shutters
  • Washer Hookup

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Property has ocean access
  • Fixed Bridges
  • Canal Access
  • Boat Ramp

Utilities

  • Central Heating and Cooling System
  • Well
  • Water Heater
  • Septic Tank

Community Details

Overview

  • Association fees include common areas

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,437

Year Built

Built in 1973

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Architectural Style: Multi-Level
  • Directions: Murphy Road to Rustic Lane...house on cul-de-sac.
  • Garage Yn: Yes
  • Unit Levels: Multi/Split
  • Lot Size Acres: 0.323
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Residential
  • Building Stories: 2
  • Subdivision Name: Rustic Hills
  • Year Built: 1973
  • Year Built Details: Resale
  • Ownership: Fee Simple
  • Attribution Contact: 772-341-3756
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Some Electric Appliances, Dishwasher, Disposal, Range, Refrigerator, Water Heater
  • Full Bathrooms: 2
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Furnished: Unfurnished
  • Interior Amenities: Eat-in Kitchen
  • Living Area: 3120.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Block, Frame, Concrete
  • Exterior Features: Sprinkler/Irrigation, Storm/Security Shutters
  • Lot Features: Sprinklers Automatic
  • Pool Private: No
  • Property Condition: Resale
  • Roof: Metal
  • View: Canal
  • View: Yes
  • Waterfront Features: Canal Access, Fixed Bridge, Ocean Access, Boat Ramp/Lift Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup
  • Sewer: Septic Tank
  • Utilities: Water Available, Water Connected
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 20.88
  • Association: Yes
  • Community Features: Dock, Non-Gated
  • Pets Allowed: Number Limit, Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: Common Areas

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3437.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2024
Sold by
Mcgovern Patrick J and Mcgovern Jeanine L
Bought by
Mcgovern Patrick J and Mcgovern Jeanine L
Current Estimated Value
$839,174

Purchase Details

Listed on
May 22, 2023
Closed on
Oct 6, 2023
Sold by
Shedroff Eileen A and Shedroff David Alan
Bought by
Mcgovern Patrick J and Mcgovern Jeanine L
Seller's Agent
Diane Asker
Laviano & Associates Real Esta
List Price
$985,000
Sold Price
$750,000
Premium/Discount to List
-$235,000
-23.86%
Views
86

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%
Original Mortgage
$390,000
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 22, 2004
Sold by
Shedroff Eileen A
Bought by
Shedroff Eileen A and Langley David Alan

Purchase Details

Closed on
May 24, 2002
Sold by
Steffens James K and Steffens Sharon M
Bought by
Shedroff Eileen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
6.92%

Purchase Details

Closed on
Mar 1, 1973
Bought by
Shedroff Eileen A and Langley David Alan
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Mcgovern Patrick J -- None Listed On Document
Mcgovern Patrick J $750,000 Homepartners Title Services
Shedroff Eileen A $151,500 --
Shedroff Eileen A $330,000 --
Shedroff Eileen A $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcgovern Patrick J $390,000
Previous Owner Shedroff Eileen A $297,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/06/2023 10/06/23 Sold $750,000 -11.8% $240 / Sq Ft
09/10/2023 09/10/23 Pending -- -- --
08/03/2023 08/03/23 Price Changed $850,000 -9.2% $272 / Sq Ft
07/18/2023 07/18/23 Price Changed $935,750 -5.0% $300 / Sq Ft
05/22/2023 05/22/23 For Sale $985,000 -- $316 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

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
2025 $7,772 $501,252 -- --
2024 $3,573 $487,126 $680,960 $380,960
2023 $3,573 $229,834 $0 $0
2022 $3,437 $223,140 $0 $0
2021 $3,432 $216,641 $0 $0
2020 $3,332 $213,650 $0 $0
2019 $3,288 $208,846 $0 $0
2018 $3,203 $204,952 $0 $0
2017 $2,709 $200,736 $0 $0
2016 $2,968 $196,608 $0 $0
2015 $2,818 $195,241 $0 $0
2014 $2,818 $193,692 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Diane Asker

    Laviano & Associates Real Esta

    (772) 341-3756

    36 in this area

    48 Total Sales

    Diane Asker
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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20039245

Martin County REALTORS® of the Treasure Coast

APN: 12-38-40-001-000-01100-7

Florida Martin County Palm City 34990

1427 SW Rustic Ln, Palm City, FL

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Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.

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