NOT LISTED FOR SALE

2622 SW Prospect Place Palm City, FL 34990

Estimated Value: $453,878 - $500,000

3 Beds
2 Baths
1,563 Sq Ft
$308/Sq Ft Est. Value

Last Sold February 24, 2021

Last sale price $325,000 $208 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,157/month

118 Days on Market

Highlights

  • Lake Front
  • Gated with Attendant
  • Attic
  • Bessey Creek Elementary School Rated A-
  • Contemporary Architecture
  • High Ceiling

About This Home

As of February 2021

WOW!! THAT'S THE BEST WORD TO DESCRIBE THE EXCEPTIONAL VIEW FROM THIS HOME! This 3 bedroom, 2 bath "Bedford" model sits in a private cul-de-sac and offers one of the nicest views in The Meadows....long sparkling lake views and Monarch Country Club's golf course. It's open and bright with volume ceilings, split floor plan, tile floors in living areas and it's beyond clean and well cared for. Enjoy peace and tranquility on the large screened lanai. The perfect place for relaxing and bird watching. Generous sized bedrooms. Master bedroom features walk-in closet with tub, dual sinks, lg shower and water closet in the master bath. 2 car garage. A/C-2010. Water Heater-2017. Roof-2018. All the large items completed...a little updating and you'll have perfection. Oh my, imagine those views every day!!

Last Agent to Sell the Property

Michele Dutkin

Berkshire Hathaway Florida Realty License #657469 Listed on: 09/29/2020

Berkshire Hathaway Florida Realty

Last Buyer's Agent

Michele Dutkin

Berkshire Hathaway Florida Realty License #657469 Listed on: 09/29/2020

Berkshire Hathaway Florida Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,861

Year Built

  • Built in 1990

Lot Details

  • 6,795 Sq Ft Lot
  • Lake Front
  • Property fronts a private road
  • West Facing Home
  • Sprinkler System

HOA Fees

  • $288 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Concrete Siding

Interior Spaces

  • 1,563 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • High Ceiling
  • Skylights
  • Formal Dining Room
  • Lake Views
  • Pull Down Stairs to Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Closet Cabinetry
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Sinks
  • Bathtub
  • Separate Shower

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Schools

  • Bessey Creek Elementary School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include management, common areas, cable TV, ground maintenance, recreation facilities, reserve fund, security
  • Property Manager

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Community Playground
  • Community Pool
  • Park

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,861

Year Built

Built in 1990

Lot Details

0

HOA Fees

$288 per month

Listing Details

  • Architectural Style: Contemporary
  • Directions: Martin Downs Blvd to The Meadows. Gate entrance. Second right....straight into the cul-de-sac.
  • Garage Yn: Yes
  • Lot Size Acres: 0.156
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Building Stories: 1
  • Subdivision Name: Meadows Prcl 61 & 61a
  • Year Built: 1990
  • Ownership: Fee Simple
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Some Electric Appliances, Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Water Heater, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Carpet, Ceramic Tile
  • Furnished: Unfurnished
  • Interior Amenities: Attic, Breakfast Area, Bathtub, Closet Cabinetry, Separate/Formal Dining Room, Dual Sinks, Eat-in Kitchen, High Ceilings, Master Downstairs, Living/Dining Room, Pull Down Attic Stairs, Split Bedrooms, Skylights, Separate Shower, Walk-In Closet(s), Central Vacuum
  • Living Area: 1563.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Concrete
  • Direction Faces: West
  • Disclosures: Deed Restriction, Seller Disclosure
  • Exterior Features: Sprinkler/Irrigation
  • Lot Features: Lake Front, Sprinklers Automatic
  • Pool Features: Community
  • Pool Private: No
  • Roof: Metal
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Laundry Tub
  • Security: Gated with Guard
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Bocce Court
  • Association Fee: 288.0
  • Association: Yes
  • Community Features: Basketball Court, Playground, Park, Pickleball, Property Manager On-Site, Pool, Street Lights, Sidewalks, Tennis Court(s), Gated
  • Pets Allowed: Number Limit, Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Cable TV, Maintenance Grounds, Recreation Facilities, Reserve Fund, Security

Schools

  • Elementary School: Bessey Creek

Lot Info

  • Zoning Description: PUD
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2861.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2020
Closed on
Feb 24, 2021
Sold by
Young Valarie A and Suarez Legacy Trust
Bought by
Borowski Walter P and Borowski Janice
Seller's Agent
Michele Dutkin
Berkshire Hathaway Florida Realty
Buyer's Agent
Michele Dutkin
Berkshire Hathaway Florida Realty
List Price
$345,000
Sold Price
$325,000
Premium/Discount to List
-$20,000
-5.8%
Current Estimated Value
$481,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,970
Avg. Annual Appreciation
8.82%
Original Mortgage
$260,000
Outstanding Balance
$233,072
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$248,898

Purchase Details

Closed on
Oct 1, 2018
Sold by
Suarez Nivea A and Suarez Valarie A
Bought by
Young Valarie A and Suarez Legacy Trust

Purchase Details

Closed on
Oct 7, 2014
Sold by
Suarez Nivea A
Bought by
Suarez Survivors Trust

Purchase Details

Closed on
Jul 7, 2014
Sold by
Suarez Joseph L
Bought by
Suarez Survivors Trust

Purchase Details

Closed on
May 31, 1995
Sold by
Suarez Joseph L and Suarez Nivea A
Bought by
Suarez Joseph L

Purchase Details

Closed on
Sep 22, 1994
Sold by
Lee David D and Lee Margaret E
Bought by
Suarez Joseph L and Suarez Nivea 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
Borowski Walter P $325,000 Florida Ttl & Guarantee Agcy
Young Valarie A -- Attorney
Suarez Survivors Trust -- Attorney
Suarez Survivors Trust $100 --
Suarez Joseph L -- --
Suarez Joseph L $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Borowski Walter P $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2021 02/24/21 Sold $325,000 -5.8% $208 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
09/29/2020 09/29/20 For Sale $345,000 -- $221 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

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
2025 $3,847 $255,488 -- --
2024 $3,760 $248,288 -- --
2023 $3,760 $241,057 $0 $0
2022 $6,162 $345,890 $175,000 $170,890
2021 $2,998 $192,097 $0 $0
2020 $2,901 $189,445 $0 $0
2019 $2,861 $185,185 $0 $0
2018 $2,786 $181,732 $0 $0
2017 $2,317 $177,995 $0 $0
2016 $2,581 $174,334 $0 $0
2015 $2,457 $173,122 $0 $0
2014 $2,457 $171,748 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20025817

Martin County REALTORS® of the Treasure Coast

APN: 12-38-40-010-000-00280-0