M
Seller's Agent in 2025
Mike Palombi
COLDWELL BANKER REALTY
(407) 333-8088
6 in this area
47 Total Sales
223 W 3rd St Sanford, FL 32771
1.2
Acres
$666,667
Price per Acre
52,272
Sq Ft Lot
About This Lot
As of June 2025BIG PRICE REDUCTION! Rare large commercial redevelopment site opportunity in red-hot downtown historic Sanford. Approximately 1.2 acres on 5 parcels on main thoroughfare through downtown, site has frontage and access from 3rd & 4th Streets. SC-3 Special Commercial zoning allows many commercial uses and can allow multi-family. Future Land Use is WDBD, Waterfront Downtown Business District, which allows for minimum set-backs, lower parking requirements, and up to 50 units/acre. Includes 3,760 sq ft historic warehouse built around 1910 with almost 2,000 ft covered porch – perfect for conversion to a microbrewery. Massive commercial and residential growth in the area. New restaurants & microbreweries are opening up the west end of historic downtown Sanford. Some of the buildings along 3rd St have fire damage. Please see survey and zoning docs.
Last Agent to Sell the Property
COLDWELL BANKER REALTY Brokerage Phone: 407-333-8088 License #3235678 Listed on: 10/24/2024
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,203
Lot Details
- 1.2 Acre Lot
- 400 Ft Wide Lot
- 5 Lots in the community
- Additional Parcels
- Property is zoned SC3
Community Details
- Sanford Town Of Subdivision
Listing and Financial Details
- Legal Lot and Block 6 / 5
- Assessor Parcel Number 25-19-30-5AG-0505-0060
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 24, 2024
Closed on
Jun 10, 2025
Sold by
R L R Miller Llc
Bought by
Centurion 2 Llc
Seller's Agent
Mike Palombi
COLDWELL BANKER REALTY
Buyer's Agent
Hannah True
RE/MAX 200 REALTY
List Price
$999,900
Sold Price
$800,000
Premium/Discount to List
-$199,900
-19.99%
Views
31
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
-$84
Original Mortgage
$200,000
Outstanding Balance
$198,962
Interest Rate
7.6%
Purchase Details
Closed on
Aug 7, 2015
Sold by
Yacht Sales International Inc
Bought by
R L R Miller Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.09%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 1, 2015
Bought by
R L R Miller Llc
Purchase Details
Closed on
Sep 24, 2014
Sold by
Jack S Cycle & Salvage Inc and Riggan Jack F
Bought by
Ysi Inc
Purchase Details
Closed on
Mar 1, 2001
Bought by
R L R Miller Llc
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 | $800,000 | Sunbelt Title | |
| Warranty Deed | $350,000 | First Signature Title Inc | |
| Deed | $100 | -- | |
| Trustee Deed | $70,100 | None Available | |
| Warranty Deed | $160,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | No Value Available | |
| Open | $820,000 | New Conventional | |
| Previous Owner | $280,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Sold | $800,000 | -13.5% | -- |
| 02/20/2025 02/20/25 | Pending | -- | -- | -- |
| 01/10/2025 01/10/25 | Price Changed | $925,000 | -7.5% | -- |
| 10/24/2024 10/24/24 | For Sale | $999,900 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $5,680 | $379,462 | $236,464 | $142,998 |
| 2024 | $4,792 | $260,340 | -- | -- |
| 2023 | $4,203 | $236,673 | $169,777 | $66,896 |
| 2021 | $3,748 | $205,441 | $143,293 | $62,148 |
| 2020 | $3,762 | $204,851 | $0 | $0 |
| 2019 | $3,555 | $196,456 | $0 | $0 |
| 2018 | $3,223 | $171,690 | $0 | $0 |
| 2017 | $3,160 | $165,928 | $0 | $0 |
| 2016 | $3,326 | $165,928 | $0 | $0 |
| 2015 | $4,138 | $165,928 | $0 | $0 |
| 2014 | $4,138 | $207,793 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Palombi
-
Hannah True
H
Buyer's Agent in 2025
Hannah True
RE/MAX
(407) 963-7850
4 in this area
34 Total Sales
Map
Source: Stellar MLS
MLS Number: O6251307
APN: 25-19-30-5AG-0505-0060
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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