2040 Palm Terrace Sarasota, FL 34231
South Sarasota Neighborhood
3
Beds
1
Bath
1,355
Sq Ft
0.25
Acres
Highlights
- Open Floorplan
- Bonus Room
- Solid Surface Countertops
- Phillippi Shores Elementary School Rated A
- Great Room
- No HOA
About This Home
As of February 2025NEW ROOF IN 2022! NEW HVAC SYSTEM INCLUDING DUCT WORK IN 2024! Absolutely adorable and affordable single family home with block construction is now available in one of the best locations of Sarasota. High and dry, this quarter acre lot home has a partially fenced in yard with new gutters and boasts plenty of room for boat and/or RV parking. This house also has a separate entrance with a dog door that is perfect for a dog grooming area, additional storage, or anything the heart desires. The great room has beautiful terrazzo flooring with a kitchen that is nearly new showcasing upgraded cabinetry. All of the appliances are stainless steel with a new microwave and dishwasher. In the backyard sits an amazing, brand new, 10x24 shed with hurricane tie downs. The garage was converted into a bonus room with hurricane rated sliders. This house has also had all of its plumbing replaced to updated standards!! With underground utilities, the location of this home is highly desirable. Minutes from the north entrance of Siesta Key, close to hundreds of dining and shopping options in Sarasota including a Trader Joes around the corner, this home, which is located on a quite and peaceful cul-de-sac street, is an incredible option for the first time home buyer, investor and everyone in between. Survey available for new buyers! Schedule your showing today!
Last Agent to Sell the Property
BOUDRIE REAL ESTATE GROUP INC Brokerage Phone: 941-730-5674 License #0681908
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,722
Year Built
- Built in 1958
Lot Details
- 0.25 Acre Lot
- Lot Dimensions are 80x123
- North Facing Home
- Vinyl Fence
- Chain Link Fence
- Property is zoned RSF3
Home Design
- Slab Foundation
- Shingle Roof
- Block Exterior
Interior Spaces
- 1,355 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Sliding Doors
- Great Room
- Den
- Bonus Room
- Inside Utility
- Laundry in unit
- Utility Room
Kitchen
- Range
- Microwave
- Dishwasher
- Solid Surface Countertops
- Solid Wood Cabinet
Flooring
- Terrazzo
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- Closet Cabinetry
- 1 Full Bathroom
Outdoor Features
- Outdoor Storage
- Rain Gutters
Utilities
- Central Heating and Cooling System
- Thermostat
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- The Oaks Community
- Harbor Oaks Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 7 / B
- Assessor Parcel Number 0075040042
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 5, 2025
Closed on
Feb 20, 2025
Sold by
Eder Francis Jacob and Grundy Heidi Noel
Bought by
Hu Dayong
Seller's Agent
Rebekah Boudrie
BOUDRIE REAL ESTATE GROUP INC
Buyer's Agent
Bob Keir
KELLER WILLIAMS ON THE WATER S
List Price
$391,000
Sold Price
$380,000
Premium/Discount to List
-$11,000
-2.81%
Total Days on Market
3
Views
6
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
-$2,567
Avg. Annual Appreciation
-2.57%
Purchase Details
Closed on
Mar 2, 2021
Sold by
Eder Francis Jacob and Grundy Heidi Noel
Bought by
Eder Francis Jacob and Grundy Heidi Noel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,682
Interest Rate
2.7%
Mortgage Type
FHA
Purchase Details
Listed on
Jan 25, 2019
Closed on
Apr 25, 2019
Sold by
Calderon Victor F
Bought by
Eder Francis Jacob and Grundy Heidi Noel
Seller's Agent
Michael Bridges
RE/MAX ALLIANCE GROUP
Buyer's Agent
Rebekah Boudrie
BOUDRIE REAL ESTATE GROUP INC
List Price
$200,000
Sold Price
$199,999
Premium/Discount to List
-$1
0.0%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.97%
Original Mortgage
$196,376
Interest Rate
5.62%
Mortgage Type
FHA
Purchase Details
Closed on
Jun 26, 2003
Sold by
Fannie Mae
Bought by
Calderon Victor F
Purchase Details
Closed on
Mar 18, 2003
Sold by
Clerk Circuit Court
Bought by
Fed Natl Mtg Assn
Map
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Similar Homes in Sarasota, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $380,000 | Elevation Title | |
| Interfamily Deed Transfer | -- | Title365 | |
| Warranty Deed | $199,999 | Attorney | |
| Deed | $94,900 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $62,800 | Credit Line Revolving | |
| Previous Owner | $194,682 | FHA | |
| Previous Owner | $195,838 | FHA | |
| Previous Owner | $196,376 | FHA | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $99,000 | New Conventional | |
| Previous Owner | $82,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/21/2025 02/21/25 | Sold | $380,000 | -2.8% | $280 / Sq Ft |
| 02/08/2025 02/08/25 | Pending | -- | -- | -- |
| 02/05/2025 02/05/25 | For Sale | $391,000 | +95.5% | $289 / Sq Ft |
| 04/25/2019 04/25/19 | Sold | $199,999 | 0.0% | $167 / Sq Ft |
| 03/11/2019 03/11/19 | Pending | -- | -- | -- |
| 01/25/2019 01/25/19 | For Sale | $200,000 | -- | $167 / Sq Ft |
Source: Stellar MLS
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 | $2,516 | $215,334 | -- | -- |
| 2023 | $2,516 | $201,586 | $0 | $0 |
| 2022 | $2,314 | $185,812 | $0 | $0 |
| 2021 | $2,344 | $180,400 | $98,500 | $81,900 |
| 2020 | $2,478 | $153,100 | $74,200 | $78,900 |
| 2019 | $2,197 | $137,000 | $81,700 | $55,300 |
| 2018 | $2,181 | $145,800 | $81,700 | $64,100 |
| 2017 | $2,075 | $107,012 | $0 | $0 |
| 2016 | $1,984 | $125,900 | $63,400 | $62,500 |
| 2015 | $1,957 | $123,100 | $57,400 | $65,700 |
| 2014 | $1,587 | $73,150 | $0 | $0 |
Source: Public Records
Source: Stellar MLS
MLS Number: A4639253
APN: 0075-04-0042
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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