NOT LISTED FOR SALE

3659 SW Cornell Ave Palm City, FL 34990

Estimated Value: $600,000 - $812,000

1 Bed
4 Baths
2,368 Sq Ft
$299/Sq Ft Est. Value

Last Sold November 06, 2018

Last sale price $430,000 $182 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,378/month

9 Days on Market

Highlights

  • Patio
  • Shed
  • Carpet
  • Palm City Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of November 2018

FOUR UNITS...FOUR UNITS...CBS construction. Fiberglass shingle roofs. Located in highly sought after Palm City. Close to A rated schools, public park, grocery, & post office. each unit is 1 BR/1BA 600 sq. ft. each with patio. Large parking area, concrete parking lot provides 2 spaces per unit. 4 Central A/C units have been recently updated. Coin washer and Dryer provides additional income. 5 electric meters (one is a house meter) each unit metered separately. Community water with 1 meter (water bill approx. $50 per month). Lawn care $80 per month. Block concrete walls between units. Large 100X152' lot. Long term tenants have been in occupancy for years, Month to Month paying $680 monthly. Just a very short Walk to the Veterans Memorial Bridge for your exercise.

Last Agent to Sell the Property

Derik Baumgartner, PA, GRI, SFR

Berkshire Hathaway Florida Rea License #3156049 Listed on: 09/28/2018

Berkshire Hathaway Florida Rea

Last Buyer's Agent

Roberto Hernandez

Florida Coastal Living Inc License #3356320

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,256

Year Built

  • Built in 1982

Lot Details

  • 0.35

Home Design

  • Fiberglass Roof

Interior Spaces

  • 2,368 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Patio
  • Shed

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 203841002001002408

Community Details

Overview

  • 2 Units
  • Palm City Gardens Subdivision

Building Details

  • Operating Expense $7,900
  • Net Operating Income $24,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,256

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Directions: From Stuart Kanner Highway cross the St Lucie River over the Indian Street Bridge (Veterans Memorial Bridge) then your next LEFT onto Cornell. See Sign.
  • Year Built: 1982
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Carpet, Vinyl
  • Living Area: 2368.0

Exterior Features

  • Exterior Features: Patio, Shed
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block
  • Other Structures: Shed(s)
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Fiberglass

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 203841002001002408
  • Zoning Description: Res

Rental Info

  • Tenant Pays: Exterior Electric

Multi Family

  • Property Net Operating Income: 24740.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 7900.0

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3256.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2018
Closed on
Nov 6, 2018
Sold by
Keating James
Bought by
Jmlp Investment Holdngs Llc
Seller's Agent
Derik Baumgartner, PA, GRI, SFR
Berkshire Hathaway Florida Rea
Buyer's Agent
Roberto Hernandez
Florida Coastal Living Inc
List Price
$460,000
Sold Price
$430,000
Premium/Discount to List
-$30,000
-6.52%
Current Estimated Value
$726,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,086
Avg. Annual Appreciation
7.42%
Original Mortgage
$172,000
Outstanding Balance
$150,930
Interest Rate
4.7%
Mortgage Type
Commercial
Estimated Equity
$557,895

Purchase Details

Closed on
May 9, 1991
Bought by
Keating James

Purchase Details

Closed on
Oct 1, 1979
Bought by
Keating James
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
Jmlp Investment Holdngs Llc $430,000 Attorney
Keating James $100 --
Keating James $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jmlp Investment Holdngs Llc $172,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2018 11/06/18 Sold $430,000 -6.5% $182 / Sq Ft
10/07/2018 10/07/18 Pending -- -- --
09/28/2018 09/28/18 For Sale $460,000 -- $194 / 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 $6,836 $420,343 -- --
2024 $6,350 $382,130 -- --
2023 $6,350 $347,391 $0 $0
2022 $5,465 $315,810 $0 $0
2021 $5,217 $287,100 $0 $0
2020 $4,556 $261,000 $103,500 $157,500
2019 $4,453 $252,000 $99,000 $153,000
2018 $3,811 $259,200 $94,500 $164,700
2017 $3,257 $225,000 $114,750 $110,250
2016 $2,887 $189,000 $101,250 $87,750
2015 $2,128 $151,200 $81,000 $70,200
2014 $2,128 $129,600 $56,250 $73,350
Source: Public Records

Agents Affiliated with this Home

  • Derik Baumgartner, PA, GRI, SFR

    Seller's Agent in 2018

    Derik Baumgartner, PA, GRI, SFR

    Berkshire Hathaway Florida Rea

    (772) 285-9145

    19 in this area

    148 Total Sales

    Derik Baumgartner, PA, GRI, SFR
    Section Image

  • R

    Buyer's Agent in 2018

    Roberto Hernandez

    Florida Coastal Living Inc

    (561) 596-7141

    7 Total Sales

    Roberto Hernandez
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10468966

BeachesMLS

APN: 20-38-41-002-001-00240-8

Florida Martin County Palm City 34990

3659 SW Cornell Ave, Palm City, FL

This home is located at 3659 SW Cornell Ave, Palm City, FL 34990 since 28 September 2018 and is currently estimated at $708,825, approximately $299 per square foot. This property was built in 1982. 3659 SW Cornell Ave is a home located in Martin County with nearby schools including Palm City 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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