NOT LISTED FOR SALE

35 NE Lofting Way Sewalls Point, FL 34996

Sewall's Point Neighborhood

Estimated Value: $3,937,000 - $8,328,000

1.55 Acres
$3,768,405 Price per Acre
67,561 Sq Ft Lot

Last Sold May 14, 2021

Last sale price $2,400,000

Est. 144% increase in value since last sale

Current estimated payment $36,115/month

39 Days on Market

Highlights

  • Property has ocean access
  • Home fronts navigable water
  • 67,561 Sq Ft lot
  • Jensen Beach High School Rated A
  • Intracoastal View
  • Brush Vegetation

About This Lot

As of May 2021

Perched atop an almost 50' high bluff with outstanding 360deg view of St. Lucie river, Sewalls Point, Indian River, Hutchinson Island and Ocean beyond. Adjacent land is also available

Last Agent to Sell the Property

Adam Brown

Waterfront Properties & Club C License #547076 Listed on: 03/05/2021

Waterfront Properties & Club C

Last Buyer's Agent

Jessica Lemaster

Keller Williams Realty Of The Treasure Coast License #3230883

Keller Williams Realty Of The Treasure Coast

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,424

Lot Details

  • 1.55 Acre Lot
  • Home fronts navigable water
  • Property fronts an intracoastal waterway
  • River Front
  • Brush Vegetation
  • Paved or Partially Paved Lot
  • Site Plan Filed

HOA Fees

  • $383 Monthly HOA Fees

Property Views

  • Intracoastal
  • River

Listing and Financial Details

  • Assessor Parcel Number 263741013000000408

Community Details

Overview

  • Plantation At Sewalls Poi Subdivision

Recreation

  • Property has ocean access

Property Details

Property Type

Land

Est. Annual Taxes

$16,424

Lot Details

0

HOA Fees

$383 per month

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: North Sewalls Point road to the entrance of the community. Gate will open on demand, just pull close and it will open, drive thru gates. The land is on the left after 31 Lofting way
  • Special Features: VirtualTour

Exterior Features

  • View: Intercoastal, River
  • Road Surface Type: Paved
  • View: Yes
  • Waterfront Features: Intracoastal Access, Navigable Water, Ocean Access, River Front
  • Waterfront: Yes

Condo/Co-op/Association

  • Association Fee: 383.0
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 263741013000000408
  • Development Status: Site Plan Filed
  • Lot Size: 126
  • Lot Size Sq Ft: 67561.0
  • Zoning Description: res
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 16424.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
May 14, 2021
Sold by
Glasgow Sewalls Point Llc
Bought by
Kam Check and Kam Lourdes
Seller's Agent
Adam Brown
Waterfront Properties & Club C
Buyer's Agent
Jessica Lemaster
Keller Williams Realty Of The Treasure Coast
List Price
$2,500,000
Sold Price
$2,400,000
Premium/Discount to List
-$100,000
-4%
Current Estimated Value
$5,844,747

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,444,747
Avg. Annual Appreciation
21.50%
Original Mortgage
$1,800,000
Outstanding Balance
$1,372,923
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$4,471,824

Purchase Details

Closed on
Sep 29, 2010
Sold by
Back Nine Partnership
Bought by
Glasgow Sewalls Point Llc

Purchase Details

Closed on
Jun 17, 1997
Sold by
Britt John E
Bought by
Back Nine Limited Partnership

Purchase Details

Closed on
Jun 6, 1997
Sold by
Britt John E
Bought by
Glasgow Sewalls Point Llc

Purchase Details

Closed on
Dec 14, 1994
Sold by
Sewalls Point Plantation Ptnr
Bought by
Britt John E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
9.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Kam Check $2,400,000 South Florida Title Svcs Inc
Glasgow Sewalls Point Llc $1,250,000 Cove Title Services
Back Nine Limited Partnership $100 --
Glasgow Sewalls Point Llc -- --
Britt John E $525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kam Check $1,800,000
Previous Owner Britt John E $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $2,400,000 -4.0% --
04/14/2021 04/14/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $2,500,000 -- --
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 $60,946 $3,880,956 -- --
2024 $30,426 $3,771,581 -- --
2023 $30,426 $1,819,983 $0 $0
2022 $27,197 $1,654,530 $1,638,000 $16,530
2021 $16,703 $980,430 $963,900 $16,530
2020 $16,424 $981,100 $963,900 $17,200
2019 $16,576 $981,760 $963,900 $17,860
2018 $16,740 $983,740 $963,900 $19,840
2017 $16,348 $989,940 $963,900 $26,040
2016 $18,269 $1,092,890 $1,077,300 $15,590
2015 $19,593 $1,237,710 $1,224,720 $12,990
2014 $19,593 $1,238,180 $1,224,720 $13,460
Source: Public Records

Agents Affiliated with this Home

  • Adam Brown

    Seller's Agent in 2021

    Adam Brown

    Waterfront Properties & Club C

    (772) 403-2408

    8 in this area

    82 Total Sales

    Adam Brown
    Section Image
  • Jessica Lemaster

    Buyer's Agent in 2021

    Jessica Lemaster

    Keller Williams Realty Of The Treasure Coast

    (772) 359-9480

    6 in this area

    22 Total Sales

    Jessica Lemaster
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10697442

BeachesMLS

APN: 26-37-41-013-000-00040-8

Florida Martin County Sewalls Point 34996 Sewall's Point

35 NE Lofting Way, Sewalls Point, FL

Not Listed for Sale

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