NOT LISTED FOR SALE

2872 SW Lake Terrace Palm City, FL 34990

Estimated Value: $780,460 - $992,000

4 Beds
3.5 Baths
3,060 Sq Ft
$286/Sq Ft Est. Value

Last Sold October 16, 2019

Last sale price $547,000 $179 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $5,294/month

49 Days on Market

Highlights

  • Boat Ramp
  • Water Views
  • Garage Apartment
  • Bessey Creek Elementary School Rated A-
  • Saltwater Pool
  • Marble Flooring

About This Home

As of October 2019

Bring your boat! Southern Charm at it's finest! This Key West style home with a Charleston Plantation feel will be sure to impress! Relax on your large wrap around porch or lounge in your very private pool area. Plenty of upgrades! New AC in 2018, Fridge 2018, Dishwasher 2019, Well and softener 2019, Fence 2019, majority of window treatments and screens 2019 and most ceiling fans in 2018. Well appointed with Travertine Marble flooring on 2nd floor, Crown Molding and Chair Railing. The Large detached garage has an Attached Guesthouse that was completely remodeled in 2018. Deeded Dockage for up to a 30ft boat with 14ft clearance? Resort style living with plenty of space for your toys. All measurements are approximate

Last Agent to Sell the Property

Michael Caputo

Paradise Real Estate Intl License #3253993 Listed on: 07/28/2019

Paradise Real Estate Intl

Last Buyer's Agent

William Cunningham III

Coldwell Banker Realty /Delray Beach License #3369482

Coldwell Banker Realty /Delray Beach

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,751

Year Built

  • Built in 1993

Lot Details

  • 0.33 Acre Lot
  • Fenced
  • Sprinkler System

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Garage Apartment
  • Garage Door Opener
  • Circular Driveway

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 3,060 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Ceiling Fan
  • Single Hung Metal Windows
  • Blinds
  • Formal Dining Room
  • Den
  • Screened Porch
  • Water Views
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Saltwater Pool
  • Balcony
  • Open Patio
  • Shed

Utilities

  • Central Heating and Cooling System
  • Well
  • Water Softener is Owned
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 123840001000017608

Community Details

Overview

  • Rustic Hills Subdivision

Recreation

  • Boat Ramp
  • Boating

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,751

Year Built

Built in 1993

Lot Details

0

HOA Fees

$17 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: SW High Meadow North to Circle N over the covered bridge to a Right on Lake Terrace.
  • Year Built: 1993
  • Year Built Details: Resale
  • Special Features: None

Interior Features

  • Interior Amenities: Attic, Wet Bar, Breakfast Bar, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen, Family/Dining Room, Pull Down Attic Stairs, Walk-In Closet(s)
  • Furnished: Unfurnished
  • Appliances: Electric Range, Disposal, Microwave, Refrigerator, Water Softener Owned
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Flooring: Carpet, Marble, Wood
  • Living Area: 3060.0
  • Dining Room Type: Den, Garage Apartment, Laundry
  • Stories: 2
  • Window Features: Blinds, Metal, Single Hung

Exterior Features

  • Exterior Features: Balcony, Fence, Porch, Shed
  • View: Other, Water
  • Lot Features: Sprinkler System
  • Pool Features: Pool, Salt Water
  • Pool Private: Yes
  • Waterfront: No
  • Construction Type: Frame
  • Other Structures: Garage Apartment, Shed(s)
  • Patio And Porch Features: Balcony, Open, Screened, Wrap Around
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Driveway, Detached, Garage, Two or More Spaces, Garage Door Opener

Utilities

  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 17.0
  • Community Features: Boat Facilities
  • Senior Community: No
  • Association Fee Frequency: Monthly
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 123840001000017608
  • Lot Size Sq Ft: 14374.0
  • Zoning Description: R
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 6751.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2019
Closed on
Oct 8, 2019
Sold by
Frierson Robert W and Frierson Sonya B
Bought by
Wolfe Shawn M and Broffman Jennifer M
Seller's Agent
Michael Caputo
Paradise Real Estate Intl
Buyer's Agent
William Cunningham III
Coldwell Banker Realty /Delray Beach
List Price
$564,900
Sold Price
$547,000
Premium/Discount to List
-$17,900
-3.17%
Current Estimated Value
$875,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$328,865
Avg. Annual Appreciation
8.11%
Original Mortgage
$437,600
Outstanding Balance
$408,048
Interest Rate
7.37%
Mortgage Type
New Conventional
Estimated Equity
$467,817

Purchase Details

Listed on
May 18, 2018
Closed on
Jul 25, 2018
Sold by
Vandeput Shaila Anne and Hernandez Blas A
Bought by
Frierson Robert W and Frierson Sonya B
Seller's Agent
Julia Sansevere
Coldwell Banker Realty
List Price
$539,900
Sold Price
$544,900
Premium/Discount to List
$5,000
0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.31%
Original Mortgage
$200,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2008
Sold by
Hernandez Blas A and Hernandez Sheila
Bought by
Vandeput Sheila A and Hernandez Blas Armando

Purchase Details

Closed on
Mar 20, 2004
Sold by
Coldiron Tanya Michelle and Coldiron Randy Jason
Bought by
Hernandez Blas A and Hernandez Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 2001
Sold by
Leary Shawn K and Leary Pamela S
Bought by
Coldiron Randy Jason and Coldiron Tanya Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,350
Interest Rate
6.97%
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
Wolfe Shawn M $547,000 Town Title Inc
Frierson Robert W $544,900 Title Agent
Vandeput Sheila A -- --
Hernandez Blas A $385,000 Fast Title Inc
Coldiron Randy Jason $313,000 Fast Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wolfe Shawn M $437,600
Previous Owner Frierson Robert W $200,000
Previous Owner Hernandez Blas A $231,000
Previous Owner Coldiron Randy Jason $297,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2019 10/16/19 Sold $547,000 -3.2% $179 / Sq Ft
09/16/2019 09/16/19 Pending -- -- --
07/28/2019 07/28/19 For Sale $564,900 +3.7% $185 / Sq Ft
07/25/2018 07/25/18 Sold $544,900 +0.9% $178 / Sq Ft View Prior Sale
06/25/2018 06/25/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $539,900 -- $176 / Sq Ft
Source: BeachesMLS

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 $8,195 $527,731 -- --
2024 $8,049 $512,859 -- --
2023 $8,049 $497,922 $0 $0
2022 $7,768 $483,420 $0 $0
2021 $7,805 $469,340 $147,000 $322,340
2020 $7,724 $465,280 $142,000 $323,280
2019 $6,492 $390,145 $0 $0
2018 $6,751 $366,660 $107,000 $259,660
2017 $5,794 $345,600 $107,000 $238,600
2016 $5,717 $330,120 $92,000 $238,120
2015 $4,862 $318,500 $80,000 $238,500
2014 $4,862 $309,440 $80,000 $229,440
Source: Public Records

Agents Affiliated with this Home

  • Michael Caputo

    Seller's Agent in 2019

    Michael Caputo

    Paradise Real Estate Intl

    (516) 330-9110

    7 in this area

    42 Total Sales

    Michael Caputo
    Section Image
  • William Cunningham III

    Buyer's Agent in 2019

    William Cunningham III

    Coldwell Banker Realty /Delray Beach

    (631) 275-7382

    67 Total Sales

    William Cunningham III
    Section Image
  • Julia Sansevere

    Seller's Agent in 2018

    Julia Sansevere

    Coldwell Banker Realty

    (772) 919-1385

    8 in this area

    58 Total Sales

    Julia Sansevere
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10549915

BeachesMLS

APN: 12-38-40-001-000-01760-8

Florida Martin County Palm City 34990

2872 SW Lake Terrace, Palm City, FL

This home is located at 2872 SW Lake Terrace, Palm City, FL 34990 since 28 July 2019 and is currently estimated at $875,865, approximately $286 per square foot. This property was built in 1993. 2872 SW Lake Terrace is a home located in Martin County with nearby schools including Bessey Creek Elementary School, Hidden Oaks Middle School, and Martin County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

BeachesMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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