NOT LISTED FOR SALE

176 Coral Reef Ct N Palm Coast, FL 32137

Estimated Value: $387,023 - $445,000

5 Beds
3.5 Baths
2,119 Sq Ft
$200/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $340,000 $160 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,499/month

26 Days on Market

Highlights

  • 1 Acre Lot
  • Traditional Architecture
  • Covered Patio or Porch
  • Old Kings Elementary School Rated A-
  • No HOA
  • Interior Lot

About This Home

As of August 2021

Investor opportunity! Fully leased duplex with long-term tenants in the heart of Palm Coast salt water canal neighborhood. Amazing canal view on from the front of house and screened patio on A-side to enjoy the sunset! A-side has 3 bedrooms and 2 baths and is leased for $800 per month. B-side has 2 bedrooms and 1.5 baths and is leased for $650 per month. Rents have not been increased for 5 years although current market would support higher rents. Both tenants are currently month-to-month. Roof is approx 8 years old, ACs are between 5 - 8 years old. Your change to invest in turn-key rental property or nice new home to occupy yourself.

Last Agent to Sell the Property

Margaret Sheehan-Jones

PARKSIDE REALTY GROUP License #3113661 Listed on: 06/09/2021

Last Buyer's Agent

Gail Cosgrove

PARKSIDE REALTY GROUP License #3350052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,548

Year Built

  • Built in 1981

Lot Details

  • 1 Acre Lot
  • Property fronts a saltwater canal
  • West Facing Home
  • Interior Lot

Home Design

  • Duplex
  • Traditional Architecture
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,119 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Electric Fireplace
  • Storage Room

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry closet
  • Dryer

Parking

  • Driveway
  • On-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units
  • Palm Harbor Condos
  • Palm Harbor Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0711317004002100120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,548

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Traditional
  • Construction Materials: Frame, Vinyl Siding
  • Fireplace: Yes
  • Living Area: 2119
  • Year Built: 1981
  • Lot Size Sq Ft: 11979
  • Directions to Property: Palm Harbor Pkwy, Left on Cocoa Way. Right on Coral Reef, property is on the right.
  • Status: Sold
  • Street Post Direction: N
  • Available for Lease YN: 1
  • Escrow Street Name: 145 City Pl, Ste 300, Palm Coast FL 32164
  • List Office Head Office Key Nume: 1037987
  • RATIO Current Price By Calculate: 160.45
  • Total Acreage: 1/4 to less than 1/2
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Fireplace Features: Electric
  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Dryer, Range, Refrigerator
  • Total Bedrooms: 5
  • Levels: One
  • Stories: 1
  • Window Features: Aluminum Frames
  • Street Number Modifier: 176
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Storage Rooms
  • Living Area Meters: 196.86
  • Room Count: 0

Exterior Features

  • Direction Faces: West
  • Roof: Shingle
  • Pool Private: No
  • Patio and Porch Features: Covered, Front Porch, Patio, Porch, Screened
  • Road Surface Type: Paved
  • Water View YN: 1

Garage/Parking

  • Parking Features: Driveway, On Street

Utilities

  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Complex Community Name Nccb: PALM HARBOR
  • Development: Country Club Cove

Lot Info

  • Zoning: DPX
  • Parcel Number: 0711317004002100120
  • Lot Features: Interior Lot
  • Homestead YN: 0
  • Lot Size Square Meters: 1113

Rental Info

  • Total Actual Rent: 1450
  • Terms Of Lease: Month To Month

Tax Info

  • Tax Annual Amount: 2548.42

Multi Family

  • Waterfront Features: Canal - Saltwater
  • Currency Monthly Rent Amt: 1450.00
  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Aug 10, 2021
Sold by
Sowers Scott D and Sowers Lisa A
Bought by
Cathers Tristan and Coriell Katherine E
Seller's Agent
Margaret Sheehan-Jones
PARKSIDE REALTY GROUP
Buyer's Agent
Gail Cosgrove
PARKSIDE REALTY GROUP
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%
Current Estimated Value
$423,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,341
Avg. Annual Appreciation
5.92%
Original Mortgage
$333,841
Outstanding Balance
$306,821
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$124,286

Purchase Details

Closed on
Jul 27, 1998
Sold by
Riskamm Robert R and Riskamm Cecilia M
Bought by
Sowers Scott D and Sowers Lisa A
Source: Public Records

Range of Values:

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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
Cathers Tristan $340,000 Pioneer Title Services Llc
Sowers Scott D $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cathers Tristan $333,841
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2022 07/08/22 Off Market $340,000 -- --
08/10/2021 08/10/21 Sold $340,000 -2.9% $160 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $350,000 -- $165 / 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
2024 $3,063 $227,039 -- --
2023 $3,063 $208,025 $64,500 $143,525
2022 $3,127 $207,062 $64,500 $142,562
2021 $2,858 $156,726 $33,500 $123,226
2020 $2,655 $144,702 $29,500 $115,202
2019 $2,432 $129,960 $28,950 $101,010
2018 $2,297 $124,982 $23,250 $101,732
2017 $2,006 $100,424 $10,300 $90,124
2016 $1,805 $88,516 $0 $0
2015 $2,101 $102,285 $0 $0
2014 $1,961 $94,191 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Margaret Sheehan-Jones

    Seller's Agent in 2021

    Margaret Sheehan-Jones

    PARKSIDE REALTY GROUP

    (386) 931-0488

    38 in this area

    61 Total Sales

    Margaret Sheehan-Jones
    Section Image
  • Gail Cosgrove

    Buyer's Agent in 2021

    Gail Cosgrove

    PARKSIDE REALTY GROUP

    (303) 888-4983

    55 in this area

    62 Total Sales

    Gail Cosgrove
    Section Image
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Map

Source: Stellar MLS

MLS Number: FC268386

Stellar MLS

APN: 07-11-31-7004-00210-0120

Florida Flagler County Palm Coast 32137

176 Coral Reef Ct N, Palm Coast, FL

This home is located at 176 Coral Reef Ct N, Palm Coast, FL 32137 since 09 June 2021 and is currently estimated at $423,341, approximately $199 per square foot. This property was built in 1981. 176 Coral Reef Ct N is a home located in Flagler County with nearby schools including Old Kings Elementary School, Indian Trails Middle School, and Matanzas High School.

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.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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