NOT LISTED FOR SALE

Estimated Value: $594,835 - $1,241,000

3 Beds
2 Baths
1,828 Sq Ft
$553/Sq Ft Est. Value

Last Sold April 04, 2019

Last sale price $650,000 $356 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $6,320/month

279 Days on Market

Highlights

  • 80 Feet of Waterfront
  • Covered Dock
  • Boat Slip Deeded
  • Beach View
  • Water access To Gulf or Ocean
  • Boat Lift

About This Home

As of April 2019

GULF TO BAY! Gulf Views, Steps to the Beach and Deep Boating Water in this well maintained Palm Island home. This comfortable island cottage offers 3 full bedrooms plus a large loft which boasts panoramic water views and lots of extra space which is ideal for additional sleeping, lounging or an office. The extra large porch allows you to view the spectacular sunsets while enjoying the sea breeze. Come in from a day on the boat or a long walk on the beach and rinse off in the outdoor shower or relax in the hot tub below the home. There is a covered boat lift and access to the Intracoastal Waterway in approx. ¼ mile with no bridges. This home is perfect for serious fisherman and beachgoers alike. “Palm Island” is an escape like no other….it offers modern day convenience but allows you to feel like you are worlds away. With no high-rises, traffic or crowds, you can unwind on the quiet, shell filled beaches, take a long golf cart cruise or enjoy a peaceful kayak ride while the stress of the world melts away. This home also has great investment potential as it’s an ideal vacation rental.

Last Agent to Sell the Property

Courtney Defilippis

PARADISE EXCLUSIVE INC License #3127856 Listed on: 05/26/2018

PARADISE EXCLUSIVE INC

Last Buyer's Agent

Courtney Defilippis

PARADISE EXCLUSIVE INC License #3127856 Listed on: 05/26/2018

PARADISE EXCLUSIVE INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,207

Year Built

  • Built in 2001

Lot Details

  • 10,640 Sq Ft Lot
  • 80 Feet of Waterfront
  • Property fronts a saltwater canal
  • Public Beach
  • West Facing Home
  • Mature Landscaping
  • Flag Lot
  • Landscaped with Trees
  • Property is zoned BBI

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Stilt Home
  • Custom Home
  • Key West Architecture
  • Elevated Home
  • Wood Frame Construction
  • Metal Roof
  • Siding
  • Pile Dwellings

Interior Spaces

  • 1,828 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Family Room Off Kitchen
  • Loft
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Parking Garage Space
  • Golf Cart Garage

Pool

  • Heated Spa
  • Above Ground Spa
  • Outdoor Shower

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Access To Lagoon or Estuary
  • No Fixed Bridges
  • Access to Saltwater Canal
  • Dock has access to water
  • Boat Lift
  • Boat Slip Deeded
  • Covered Dock
  • Dock made with wood
  • Deck
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Shed

Location

  • Flood Zone Lot

Schools

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

Utilities

  • Humidity Control
  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Palm Island Estates Community
  • Palm Island Estates Un 1 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,207

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom, Elevated, Key West
  • Construction Materials: Siding, Wood Frame
  • Fireplace: No
  • Living Area: 1828
  • Lot Size Acres: 0.24
  • New Construction: No
  • Year Built: 2001
  • Lot Size Sq Ft: 10640
  • Directions to Property: From 776 and Placida Rd go S. on Placida Rd to Panama Blvd. Car Ferry to Palm Island (agent will assist with island access). N Gulf Blvd to address.
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=D6100699&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=D6100699&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Property Description: Elevated, Stilt Home
  • Ratio: Close Price\List Price: 0.93525
  • Price per Sq Ft: 355.58
  • Close to Original List Price Ratio: 0.83882
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Open Floorplan, Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Spa Features: Above Ground, Heated
  • Spa Yn: Yes
  • Window Features: Blinds
  • Street Number Modifier: 400
  • Room Count: 7
  • Additional Rooms: Inside Utility, Loft
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Shed(s), Storage
  • Exterior Features: Lighting, Outdoor Shower, Sliding Doors, Storage
  • Roof: Metal
  • Pool Private: No
  • View: Water
  • Water Body Name: Palm Canal
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Enclosed, Front Porch, Patio, Porch, Screened
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Bay/Harbor, Beach - Public, Canal - Saltwater, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway, Lagoon
  • Water Extras: Bridges - No Fixed Bridges, Dock - Covered, Dock - Slip Deeded On-Site, Dock - Wood, Dock w/Electric, Dock w/Water Supply, Lift, Lift - Covered
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12015C0189F
  • Waterfront Frontage: 80
  • Additional Water Information: Deep water canal with direct access to the ICW in approx 1/4 mile, no bridges.
  • Water Frontage Feet Canal Salt: 80
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Golf Cart Garage, Under Building
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available
  • Cooling: Central Air, Humidity Control
  • Heating: Central, Electric
  • Laundry Features: Laundry Closet
  • Sewer: Septic Tank
  • Water Source: Private
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

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

Lot Info

  • Zoning: BBI
  • Parcel Number: 412031428002
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, Flag Lot, FloodZone, In County
  • Flood Zone Code: VE
  • Flood Zone Date: 2003-05-05
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 7207
  • Tax Block: E
  • Tax Book Number: 6-4
  • Tax Lot: 25

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2018
Closed on
Apr 4, 2019
Sold by
Collins Christopher
Bought by
Szukhent Troy M
Seller's Agent
Courtney Defilippis
PARADISE EXCLUSIVE INC
Buyer's Agent
Courtney Defilippis
PARADISE EXCLUSIVE INC
List Price
$774,900
Sold Price
$650,000
Premium/Discount to List
-$124,900
-16.12%
Current Estimated Value
$1,011,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,278
Avg. Annual Appreciation
8.10%
Original Mortgage
$484,350
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 26, 2018
Closed on
Mar 29, 2019
Sold by
Collins Julia D
Bought by
Collins Christopher R
Seller's Agent
Courtney Defilippis
PARADISE EXCLUSIVE INC
Buyer's Agent
Courtney Defilippis
PARADISE EXCLUSIVE INC
List Price
$774,900
Sold Price
$650,000
Premium/Discount to List
-$124,900
-16.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,350
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2011
Sold by
Revocab Gaffney Charles S and Revocab Charles Steven Gaffney
Bought by
Collins Christopher R and Collins Julia D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 17, 2000
Sold by
Gaffney Charles S
Bought by
Gaffney Charles S

Purchase Details

Closed on
Feb 22, 2000
Sold by
Gaffney Charles S
Bought by
Gaffney Charles S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
8.21%

Purchase Details

Closed on
May 1, 1998
Sold by
Palm Island Inv Corp
Bought by
Gaffney Charles S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
7.03%
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
Szukhent Troy M $650,000 Attorney
Collins Christopher R $207,900 Attorney
Collins Christopher R $534,000 None Available
Gaffney Charles S -- --
Gaffney Charles S -- --
Gaffney Charles S $75,800 --
Gaffney Barry M $65,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Szukhent Troy M $810,000
Closed Szukhent Troy M $610,000
Closed Szukhent Troy M $484,350
Previous Owner Collins Christopher R $480,000
Previous Owner Gaffney Charles S $192,000
Previous Owner Gaffney Barry M $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2019 04/04/19 Sold $650,000 -6.5% $356 / Sq Ft
03/01/2019 03/01/19 Pending -- -- --
02/04/2019 02/04/19 Price Changed $695,000 -6.0% $380 / Sq Ft
12/05/2018 12/05/18 Price Changed $739,000 -4.6% $404 / Sq Ft
05/26/2018 05/26/18 For Sale $774,900 -- $424 / Sq Ft
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
2024 $9,715 $487,870 $91,392 $396,478
2023 $9,715 $452,668 $0 $0
2022 $8,743 $441,210 $74,256 $366,954
2021 $8,116 $374,105 $67,173 $306,932
2020 $8,096 $371,536 $67,173 $304,363
2019 $8,083 $372,202 $67,173 $305,029
2018 $7,433 $352,595 $67,173 $285,422
2017 $7,182 $346,605 $67,173 $279,432
2016 $7,073 $333,119 $0 $0
2015 $6,970 $316,092 $0 $0
2014 $6,266 $287,356 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: D6100699

Stellar MLS

APN: 412031428002