2040 Palm Terrace Sarasota, FL 34231
South Sarasota Neighborhood
3
Beds
1
Bath
1,197
Sq Ft
9,864
Sq Ft Lot
Highlights
- Ranch Style House
- No HOA
- 1 Car Attached Garage
- Phillippi Shores Elementary School Rated A
- Mature Landscaping
- Cooling System Mounted To A Wall/Window
About This Home
As of February 2025Super Clean and Move In Ready!! 3 bedroom, 1 bathroom home with 1 car garage 15x11. No Carpet in the Home either Terrazzo (which have just been refinished and look spectacular) or Tile! New Kitchen Counter & Cabinets, New Refrigerator and Range (being installed - Frig in photo being replaced with NEW) New Hood, New Bathroom Vanity, Freshly Painted Interior and Large Fenced Yard. Centrally Located to Shopping / Dinning, Siesta Key and Sarasota Memorial Hospital. Don't Miss this One on a Dead End Street!
Last Agent to Sell the Property
RE/MAX ALLIANCE GROUP License #0569600 Listed on: 01/25/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,181
Year Built
- Built in 1958
Lot Details
- 9,864 Sq Ft Lot
- North Facing Home
- Fenced
- Mature Landscaping
- Property is zoned RSF3
Parking
- 1 Car Attached Garage
Home Design
- Ranch Style House
- Slab Foundation
- Shingle Roof
- Block Exterior
Interior Spaces
- 1,197 Sq Ft Home
- Family Room
- Inside Utility
- Laundry Room
- Range
Flooring
- Tile
- Terrazzo
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Schools
- Phillippi Shores Elementary School
- Brookside Middle School
- Riverview High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Thermostat
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Harbour Oaks Community
- Harbor Oaks Subdivision
Listing and Financial Details
- Down Payment Assistance Available
- 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
45
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
-2.48%
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
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 | $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 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 | $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
Agents Affiliated with this Home
-
Rebekah Boudrie
Seller's Agent in 2025
Rebekah Boudrie
BOUDRIE REAL ESTATE GROUP INC
(941) 730-5674
1 in this area
102 Total Sales
-
Bob Keir
B
Buyer's Agent in 2025
Bob Keir
KELLER WILLIAMS ON THE WATER S
(941) 803-7522
1 in this area
17 Total Sales
-
Michael Bridges
Seller's Agent in 2019
Michael Bridges
RE/MAX
(941) 316-6530
1 in this area
158 Total Sales
Map
Source: Stellar MLS
MLS Number: A4425402
APN: 0075-04-0042
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