NOT LISTED FOR SALE

1612 Palace Ct Punta Gorda, FL 33980

Estimated Value: $279,000 - $369,000

2 Beds
2 Baths
1,775 Sq Ft
$190/Sq Ft Est. Value

Last Sold March 13, 2019

Last sale price $256,000 $144 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,367/month

45 Days on Market

Highlights

  • 40 Feet of Waterfront
  • Fitness Center
  • Active Adult
  • On Golf Course
  • Home fronts a pond
  • Gated Community

About This Home

As of March 2019

ONE OF THE PRETTIEST VIEWS IN KINGS GATE! IMMACULATE, EVER-POPULAR 1775 SQ FT ASHTON MODEL WITH AWESOME WATER AND GOLF COURSE VIEWS ON A DESIRABLE, OVERSIZED LOT! You’ll love the open, great room floor plan of this immaculate 2 bedroom + den/2 bath/2 car + golf cart garage home with numerous upgrades, including attractive 18" ceramic tile that flows through all main living and wet areas. Light and bright feel w/high ceilings and an abundance of arched and large windows. The spacious, well-equipped kitchen features Corian countertops, center island, 2 preparation areas, white raised panel cabinetry w/pull-out drawers, RO system, breakfast bar, and newer SS appliances purchased 9/2016. Spacious master suite w/large walk-in closet and ensuite bath with dual sinks, garden tub and separate shower. Updates include a newer deluxe 16 SEER 2 stage A/C with heat pump and UV air disinfection system installed in 2014. Numerous upgrades, including security system, irrigation, whole house water softener, high-end custom window treatments, and 8 ceiling fans. Kings Gate is a 55+ gated community with a private 18 hole golf club, restaurant, activities director, Olympic size swimming pool and spa, fitness center, clay surface tennis courts, bocce, lawn bowling, shuffleboard, computer room, billiards, crafts, theater and numerous planned social activities. There is a boat, trailer and RV storage yard on-site for a separate fee. Buyer is required to pay a one-time $500 Capital Contribution fee to Kings Gate HOA at closing.

Last Agent to Sell the Property

John Littlejohn

COLDWELL BANKER REALTY License #669072 Listed on: 12/19/2018

COLDWELL BANKER REALTY

Last Buyer's Agent

Marianne Lilly

RE/MAX HARBOR REALTY License #351913

RE/MAX HARBOR REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,014

Year Built

  • Built in 2001

Lot Details

  • 6,500 Sq Ft Lot
  • Home fronts a pond
  • 40 Feet of Waterfront
  • On Golf Course
  • West Facing Home
  • Oversized Lot
  • Metered Sprinkler System
  • Landscaped with Trees
  • Property is zoned PD

HOA Fees

  • $321 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Driveway
  • Open Parking
  • Golf Cart Garage

Property Views

  • Pond
  • Golf Course

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,775 Sq Ft Home
  • Open Floorplan
  • Vaulted Ceiling
  • Ceiling Fan
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Great Room
  • Breakfast Room
  • Den
  • Inside Utility

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal
  • Reverse Osmosis System

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Security Gate
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Electric Water Heater
  • Water Softener
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Active Adult
  • Association fees include cable TV, community pool, escrow reserves fund, ground maintenance, manager, private road, recreational facilities
  • Melrose Mgt/Mary Longares Association, Phone Number (941) 625-8245
  • Visit Association Website
  • Kings Gate Community
  • Kings Gate Ph 02 Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, allowable golf cart usage in the community
  • Rental Restrictions

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,014

Year Built

Built in 2001

Lot Details

0

HOA Fees

$321 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Maintenance Grounds, Manager, Private Road, Recreational Facilities
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1775
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 2001
  • Building Area Total: 2521
  • Lot Size Sq Ft: 6500
  • Directions to Property: Kings Hwy to Kings Gate main entrance just beyond Winn Dixie shopping plaza. Once through gate, proceed straight then L on Palace Ct to property on right.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=C7409393&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=C7409393&cview=true&show_results=true&customer_portal=true
  • FCHR URL: Yes
  • Homestead Y N: Yes
  • Number Of Pets: 2
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.96786
  • Price per Sq Ft: 144.23
  • Close to Original List Price Ratio: 0.96786
  • Ratio: Current Price\Building Area Total: 101.55
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Open Floorplan, Solid Surface Counters, Split Bedroom, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Kitchen Reverse Osmosis System, Microwave, Range, Refrigerator, Washer, Water Softener
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Window Features: Blinds, Drapes, Window Treatments
  • Street Number Modifier: 1612
  • Room Count: 11
  • Additional Rooms: Breakfast Room Separate, Den/Library/Office, Great Room, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Exterior Features: Irrigation System, Lighting, Rain Gutters, Sliding Doors, Sprinkler Metered
  • Roof: Shingle
  • Pool Private: No
  • View: Golf Course, Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Rear Porch
  • Water View: Pond
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12015C0068F
  • Waterfront Frontage: 40
  • Water Frontage Feet Pond: 40
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Golf Cart Garage, Golf Cart Parking, Oversized
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Fiber Optics, Public, Sewer Connected, Sprinkler Meter, Street Lights, Underground Utilities
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Deed Restrictions, Fitness, Gated Community, Golf Carts OK, Golf, Pool, Tennis Courts
  • Association Amenities: Cable TV, Clubhouse, Fitness Center, Gated, Pool, Recreation Facilities, Tennis Court(s)
  • Association Fee: 321
  • Association Fee Frequency: Monthly
  • Association Name: Melrose Mgt/Mary Longares
  • Phone: 941-625-8245
  • Association: Yes
  • Security: Security Gate, Security System Owned, Smoke Detector(s)
  • Senior Community: Yes
  • Association Website: melrosecorporation.com
  • Association Email: mlongares@melrosemanagement.com
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 3852
  • Monthly HOA Fee: 321
  • Total Monthly Fees: 321

Lot Info

  • Zoning: PD
  • Parcel Number: 402307178003
  • Additional Parcels: No
  • Lot Features: In County, On Golf Course, Oversized Lot
  • Property Attached Yn: No
  • Flood Zone Code: X
  • Flood Zone Date: 2003-05-05
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Breed Restrictions, Number Limit, Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Minimum Lease: 3 Months
  • Approval Process: Application approval with copy of driver's license
  • Num Timesper Year: 3
  • Pet Restrictions: Dangerous breeds not allowed. Pets must be on a leash. Owners must clean up after their pets.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Tenant must follow HOA rules & regulations

Tax Info

  • Tax Annual Amount: 2014
  • Tax Block: 14
  • Tax Book Number: 18-18
  • Tax Lot: 18

Multi Family

  • Waterfront Features: Pond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2024
Sold by
Wright Jeffry C and Wright Leslie Mull
Bought by
Wright Family Revocable Trust and Wright
Current Estimated Value
$336,815

Purchase Details

Listed on
Dec 19, 2018
Closed on
Mar 13, 2019
Sold by
Faulkner Joyce A and Bell Family Revocable Trust
Bought by
Wright Jeffry C and Wright Leslie M
Seller's Agent
John Littlejohn
COLDWELL BANKER REALTY
Buyer's Agent
Marianne Lilly
RE/MAX HARBOR REALTY
List Price
$264,500
Sold Price
$256,000
Premium/Discount to List
-$8,500
-3.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.26%
Original Mortgage
$40,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2013
Sold by
Bell Delora Sue
Bought by
Bell Delora Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,000
Interest Rate
2.81%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Dec 1, 2004
Sold by
Bell Delora Sue and Bell Family Revocable Trust
Bought by
Bell Delora Sue and Bell Family Revocable Trust

Purchase Details

Closed on
Jun 21, 2001
Sold by
Kingsgate Assoc Ii Ltd
Bought by
Bell Alton M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,900
Interest Rate
7.1%
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
Wright Family Revocable Trust $100 None Listed On Document
Wright Jeffry C $256,000 Attorney
Bell Delora Sue -- Title Source
Bell Delora Sue -- --
Bell Alton M -- --
Bell Alton M $82,650 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wright Jeffry C $40,000
Previous Owner Bell Delora Sue $273,000
Previous Owner Bell Alton M $116,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2019 03/13/19 Sold $256,000 -3.2% $144 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
12/18/2018 12/18/18 For Sale $264,500 -- $149 / Sq Ft
Source: Stellar MLS

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
2023 $3,176 $205,781 $0 $0
2022 $3,058 $199,787 $0 $0
2021 $3,055 $193,968 $0 $0
2020 $2,991 $190,851 $34,000 $156,851
2019 $3,580 $188,084 $34,000 $154,084
2018 $2,014 $143,628 $0 $0
2017 $1,990 $140,674 $0 $0
2016 $1,975 $137,781 $0 $0
2015 $1,968 $136,823 $0 $0
2014 $1,940 $135,737 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: C7409393

Stellar MLS

APN: 402307178003