NOT LISTED FOR SALE

Estimated Value: $81,000 - $183,000

0.26 Acre
$495,219 Price per Acre
11,326 Sq Ft Lot

Last Sold June 04, 2021

Last sale price $92,000

Est. 40% increase in value since last sale

Current estimated payment $853/month

11 Days on Market

About This Lot

As of June 2021

Oversized building lot on Palm Island across the street from Lemon Bay. If you’re looking for a relaxing place to get away and enjoy pristine, peaceful beaches and laid-back living with all the modern conveniences, look no further! This particular lot offers a little over a quarter acre and is located in an AE flood zone which makes it easier and more cost effective to build, plus helps lower insurance costs. The property is located in one of the quietest sections of the island but is only a few minute golf cart ride to the beach where you can stroll for miles collecting shells and see very few people on an average day. The island is accessible via a short (3 min) car ferry ride, making it faster to get on/off island than it is to get to a public beach on the mainland!

Last Agent to Sell the Property

Courtney Defilippis

PARADISE EXCLUSIVE INC License #3127856 Listed on: 04/05/2021

PARADISE EXCLUSIVE INC

Last Buyer's Agent

Jonas Seda

CENTURY 21 SUNBELT REALTY License #3456275

CENTURY 21 SUNBELT REALTY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,462

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 93x120
  • Property is zoned BBI

HOA Fees

  • $3 Monthly HOA Fees

Schools

  • Vineland Elementary School
  • L.A. Ainger Middle School
  • Lemon Bay High School

Additional Features

  • Full Bay or Harbor Views
  • In Flood Plain
  • Septic Needed

Community Details

  • Palm Island Estates Community
  • Palm Island Estates Un 3 Subdivision

Listing and Financial Details

  • Legal Lot and Block 8 / K
  • Assessor Parcel Number 412028357013

Property Details

Property Type

Land

Est. Annual Taxes

$1,462

Lot Details

0

HOA Fees

$3 per month

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11411
  • Directions to Property: From 776 & Placida Rd. travel south on Placida Rd. to Panama Blvd. Car ferry to island. N. Gulf Blvd. to right on Palm Dr. Right on Tarpon Way which merges into Bayshore Cir.
  • Status: Sold
  • Total Acreage: 1/4 to less than 1/2
  • Ratio: Close Price\List Price: 0.97354
  • Price per Sq Ft: 8.06
  • Close to Original List Price Ratio: 0.97354
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 28

Exterior Features

  • Waterfront: No
  • Water View: Bay/Harbor - Partial
  • Water View Y N: Yes
  • Front Footage: 90
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Land Sales Disclosure

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Electrical Nearby, Water Nearby
  • Sewer: Septic Needed
  • Water Source: Private
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 40
  • Association Fee Frequency: Annually
  • Association: Yes
  • Association Fee Requirement: Optional

Fee Information

  • Total Annual Fees: 40
  • Monthly HOA Fee: 3.33
  • Total Monthly Fees: 3.33

Schools

  • Elementary School: Vineland Elementary
  • High School: Lemon Bay High
  • Middle Or Junior School: L.A. Ainger Middle

Lot Info

  • Zoning: BBI
  • Parcel Number: 412028357013
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Flood Plain, In County
  • Lot Dimensions: 93x120
  • Price Per Acre: 353846
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Yes
  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 1462.34
  • Tax Block: K
  • Tax Book Number: 6-4
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2021
Closed on
Jun 4, 2021
Sold by
Kellow Kevin W and Kellow Iise D
Bought by
Soares Marta and Soares David L
Seller's Agent
Courtney Defilippis
PARADISE EXCLUSIVE INC
Buyer's Agent
Jonas Seda
CENTURY 21 SUNBELT REALTY
List Price
$94,500
Sold Price
$92,000
Premium/Discount to List
-$2,500
-2.65%
Current Estimated Value
$128,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,757
Avg. Annual Appreciation
8.03%
Original Mortgage
$58,500
Outstanding Balance
$48,735
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$80,022

Purchase Details

Closed on
May 4, 2004
Sold by
Weinstock Brad
Bought by
Kellow Kevin W and Kellow Ilse D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 2003
Sold by
Thompson Michael J
Bought by
Weinstock Brad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,987
Interest Rate
5.62%

Purchase Details

Closed on
Jul 15, 1999
Sold by
Bossey Richard L and Bossey Jane G
Bought by
Thompson Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
7.43%
Source: Public Records

Range of Values:

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Average Value
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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
Soares Marta $92,000 Attorney
Kellow Kevin W $165,000 --
Weinstock Brad $125,000 --
Thompson Michael J $26,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soares Marta $58,500
Previous Owner Kellow Kevin W $132,000
Previous Owner Weinstock Brad $99,987
Previous Owner Thompson Michael J $17,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2021 06/04/21 Sold $92,000 -2.6% --
04/16/2021 04/16/21 Pending -- -- --
04/05/2021 04/05/21 For Sale $94,500 -- --
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
2023 $2,025 $79,475 $0 $0
2022 $1,792 $72,250 $72,250 $0
2021 $1,456 $51,000 $51,000 $0
2020 $1,462 $51,000 $51,000 $0
2019 $1,466 $50,660 $50,660 $0
2018 $1,427 $50,660 $50,660 $0
2017 $1,201 $50,660 $50,660 $0
2016 $1,192 $50,660 $0 $0
2015 $1,207 $50,660 $0 $0
2014 $1,172 $50,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: D6117725

Stellar MLS

APN: 412028357013