NOT LISTED FOR SALE

3028 SW Cedar Trail Palm City, FL 34990

Estimated Value: $661,399 - $907,000

2 Beds
3 Baths
2,228 Sq Ft
$347/Sq Ft Est. Value

Last Sold July 29, 2016

Last sale price $329,000 $148 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $4,663/month

16 Days on Market

Highlights

  • Property has ocean access
  • Boat Dock
  • RV Access or Parking
  • Bessey Creek Elementary School Rated A-
  • Home fronts navigable water
  • Canal View

About This Home

As of July 2016

Live the waterfront lifestyle in this split level waterfront canal home with a 7,000 lb boat lift that was installed in 2015. There is a shed by the dock that allows for storage of all your boating/fishing equipment. Located minutes from the Saint Lucie River and ocean access. Living room with vaulted ceiling and fireplace lead to glass slider and balcony that allow you to enjoy the beautiful view of the canal. Master bedroom and bath are on the main level. Lower level offers a living room, 2nd bedroom, den w/ fireplace or possible 3rd bedroom. Central AC, water filtration system and dock were replaced in 2014. There is plenty of parking with an over sized driveway. Garage is extra deep to be able to use as a workshop or to store a boat on a trailer.

Last Agent to Sell the Property

Michael Farabaugh

Keller Williams of the Treasure Coast License #3261808 Listed on: 06/13/2016

Keller Williams of the Treasure Coast

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,987

Year Built

  • Built in 1970

Lot Details

  • Home fronts navigable water
  • North Facing Home
  • Sprinkler System

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Florida Architecture
  • Frame Construction
  • Metal Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 2,228 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Combination Dining and Living Room
  • Canal Views
  • Hurricane or Storm Shutters

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • RV Access or Parking
  • 1 to 5 Parking Spaces

Outdoor Features

  • Property has ocean access
  • Canal Access
  • Deck
  • Shed

Schools

  • Bessey Creek Elementary School
  • Hidden Oaks Middle School
  • Martin County High School

Utilities

  • Central Heating and Cooling System
  • Well

Community Details

Overview

  • Association fees include reserve fund

Recreation

  • Boat Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,987

Year Built

Built in 1970

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Architectural Style: Florida
  • Directions: Martins Down Blvd., Right on High Meadows, go thru round about straight ahead under covered bridge, left on cedar
  • Garage Yn: Yes
  • Lot Size: .24
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Residential
  • Subdivision Name: RUSTIC HILLS
  • Year Built: 1970
  • Ownership: Fee Simple
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator
  • Full Bathrooms: 3
  • Possible Bedrooms: 3
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Cathedral Ceiling(s), Entrance Foyer, Eat-in Kitchen, Fireplace, Living/Dining Room
  • Living Area: 2228.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Block, Frame, Concrete
  • Direction Faces: North
  • Disclosures: Seller Disclosure
  • Exterior Features: Deck, Sprinkler/Irrigation, Shed, Storm/Security Shutters
  • Lot Features: Sprinklers Automatic
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Metal
  • View: Canal
  • View: Yes
  • Waterfront Features: Canal Access, Navigable Water, Ocean Access
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2.0
  • Parking Features: Boat, Detached, Garage, RV Access/Parking, Two Spaces, Garage Door Opener
  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Inside
  • Utilities: Water Available, Water Connected
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 16.67
  • Association: Yes
  • Community Features: Dock
  • Pets Allowed: Size Limit, Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: Reserve Fund

Schools

  • Elementary School: Bessey Creek
  • High School: Martin County
  • Middle Or Junior School: Hidden Oaks

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4987.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2016
Closed on
Jul 29, 2016
Sold by
Zainitzer Karl and Zainitzer Lynda
Bought by
Paesanl Matthew J
Seller's Agent
Michael Farabaugh
Keller Williams of the Treasure Coast
List Price
$329,000
Sold Price
$329,000
Current Estimated Value
$764,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$435,247
Avg. Annual Appreciation
9.81%
Original Mortgage
$329,000
Outstanding Balance
$264,588
Interest Rate
3.56%
Mortgage Type
VA
Estimated Equity
$500,869

Purchase Details

Listed on
Apr 1, 2013
Closed on
May 31, 2013
Sold by
Schmadeke Thane L
Bought by
Zainitzer Karl and Zinitzer Lynda
Seller's Agent
David Derrenbacker
Water Pointe Realty Group
List Price
$330,000
Sold Price
$289,500
Premium/Discount to List
-$40,500
-12.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.13%

Purchase Details

Closed on
Jul 23, 1996
Sold by
Foster Russell E and Foster Rochelle F
Bought by
Schmadeke Thane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
8.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 1994
Sold by
Sherrill Melvin J and Sherrill Mildred Y
Bought by
Foster Russell E and Foster Rochelle F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.27%
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
Paesanl Matthew J $329,000 Signature Title Florida Part
Zainitzer Karl $289,500 First American Title Ins Co
Schmadeke Thane L $103,700 --
Foster Russell E $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paesanl Matthew J $329,000
Previous Owner Foster Russell E $84,000
Previous Owner Foster Russell E $82,500
Previous Owner Foster Russell E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2016 07/29/16 Sold $329,000 0.0% $148 / Sq Ft
06/29/2016 06/29/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $329,000 +13.6% $148 / Sq Ft
05/31/2013 05/31/13 Sold $289,500 -12.3% $130 / Sq Ft
05/01/2013 05/01/13 Pending -- -- --
04/05/2013 04/05/13 For Sale $330,000 -- $148 / 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 $5,538 $366,486 -- --
2024 $5,425 $356,158 -- --
2023 $5,425 $345,785 $0 $0
2022 $5,227 $335,714 $0 $0
2021 $5,237 $325,936 $0 $0
2020 $5,126 $321,436 $0 $0
2019 $5,061 $314,209 $0 $0
2018 $4,932 $308,350 $160,000 $148,350
2017 $5,055 $299,340 $160,000 $139,340
2016 $5,241 $290,430 $150,000 $140,430
2015 $4,321 $271,880 $140,000 $131,880
2014 $4,321 $245,690 $125,000 $120,690
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Michael Farabaugh

    Keller Williams of the Treasure Coast

    Section Image
  • David Derrenbacker

    Seller's Agent in 2013

    David Derrenbacker

    Water Pointe Realty Group

    (772) 215-5824

    6 in this area

    35 Total Sales

    Section Image
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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M388696

Martin County REALTORS® of the Treasure Coast

APN: 12-38-40-001-000-00340-9

Florida Martin County Palm City 34990

3028 SW Cedar Trail, Palm City, FL

This home is located at 3028 SW Cedar Trail, Palm City, FL 34990 since 13 June 2016 and is currently estimated at $772,350, approximately $346 per square foot. This property was built in 1970. 3028 SW Cedar Trail 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.

Martin County REALTORS® of the Treasure Coast The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.

Copyright 2025 Realtor® Association of Martin County, Inc. MLS. All rights reserved.

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