NOT LISTED FOR SALE

5 Lake Placid Place Palm Coast, FL 32137

Estimated Value: $482,076 - $596,000

4 Beds
4.5 Baths
3,627 Sq Ft
$145/Sq Ft Est. Value

Last Sold July 10, 2023

Last sale price $458,850 $127 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,489/month

360 Days on Market

Highlights

  • Colonial Architecture
  • Vaulted Ceiling
  • Great Room
  • Indian Trails Middle School Rated A-
  • Bonus Room
  • No HOA

About This Home

As of July 2023

The property is listed as a short sale, and all offers must be approved by the bank. .
This home is a beautiful 4/Bd 4/Bth w/ Office/Den welcoming Mediterranean-style home will certainly suit all of your expectations! Entertaining may be done in the inviting dining and living areas, which include excellent architectural detail like as tray ceilings. Large kitchen and cabinets w/above undermount lighting, and tile backsplash, a breakfast nook and a door that opens to a covered screened lanai to enjoy Florida outdoors living. Spacious bedrooms, master boasts walk in closet dual sinks, separate walk in shower, and a garden tub. In house laundry room w/ sink cabinet. Upstairs you will find a spacious bonus room, and a loft with balcony. Property is being sold AS IS.

Last Agent to Sell the Property

E.lisa Gearst

RE/MAX SELECT PROFESSIONALS License #3397568 Listed on: 06/20/2022

RE/MAX SELECT PROFESSIONALS

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,282

Year Built

  • Built in 2006

Lot Details

  • 10,000 Sq Ft Lot
  • Cul-De-Sac
  • Northeast Facing Home
  • Irrigation Equipment
  • Property is zoned SFR-3

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Split Level Home
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,627 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Blinds
  • Great Room
  • Living Room
  • Dining Room
  • Den
  • Bonus Room
  • Utility Room

Kitchen

  • Dinette
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Bathtub With Separate Shower Stall

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Screened Patio
  • Rain Gutters
  • Rear Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Matanzas Woods Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,282

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Construction Materials: Block, Stucco
  • Living Area: 3627
  • Lot Size Acres: 0.23
  • Year Built: 2006
  • Lot Size Sq Ft: 10000
  • Directions to Property: Belle Terre Parkway North to Lakeview Blvd., R onto Laramie Drive, L onto Lake Success Drive , L onto Lake Placid Lane.
  • Status: Sold
  • Available for Lease YN: 1
  • Escrow City: Palm Coast
  • Escrow Postal Code: 32137
  • Escrow State: FL
  • Escrow Street Name: N. Oocean Shore Blvd.
  • Escrow Street Number: 5070
  • List Office Head Office Key Nume: 508043576
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 126.51
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Total Bedrooms: 4
  • Levels: Multi/Split
  • Other Equipment: Irrigation Equipment
  • Stories: 2
  • Window Features: Blinds, Double Pane Windows
  • Street Number Modifier: 5
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 336.96
  • Room Count: 15

Exterior Features

  • Direction Faces: Northeast
  • Exterior Features: Balcony, Rain Gutters
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: None
  • Patio and Porch Features: Porch, Rear Porch, Screened
  • Road Surface Type: Concrete, Paved
  • Price Per Acre: 2608696

Garage/Parking

  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Complex Community Name Nccb: MATANZAS WOODS
  • Development: Matanzas Woods

Lot Info

  • Zoning: SFR-3
  • Parcel Number: 07-11-31-7037-00960-0110
  • Lot Features: Cul-De-Sac
  • Homestead YN: 0
  • Lot Size Square Meters: 929

Green Features

  • Green Verification Count: 0

Tax Info

  • Tax Annual Amount: 6281.9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2006
Sold by
Intervest Construction Inc
Bought by
Arthurs Derek and Arthurs Shirley
Current Estimated Value
$526,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,500
Interest Rate
8.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 13, 2005
Sold by
Arthurs Derek and Arthurs Shirley
Bought by
Intervest Construction Inc

Purchase Details

Closed on
Feb 9, 2004
Sold by
Secord John M and Secord Ruth M
Bought by
Arthurs Derek and Arthrus Shirley

Purchase Details

Closed on
Apr 25, 2003
Sold by
Al Mulla Muhammed H
Bought by
Secord John M and Secord Ruth M
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
Arthurs Derek $471,000 Covenant Closing & Title Ser
Intervest Construction Inc -- --
Arthurs Derek $48,000 --
Secord John M $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arthurs Derek $352,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $458,850 0.0% $127 / Sq Ft
06/15/2023 06/15/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $458,850 0.0% $127 / Sq Ft
05/10/2023 05/10/23 Pending -- -- --
05/02/2023 05/02/23 Price Changed $458,850 -5.4% $127 / Sq Ft
05/01/2023 05/01/23 For Sale $485,000 0.0% $134 / Sq Ft
04/06/2023 04/06/23 Pending -- -- --
03/21/2023 03/21/23 For Sale $485,000 0.0% $134 / Sq Ft
12/23/2022 12/23/22 Pending -- -- --
12/05/2022 12/05/22 Price Changed $485,000 -4.9% $134 / Sq Ft
11/01/2022 11/01/22 Price Changed $510,000 -13.6% $141 / Sq Ft
08/30/2022 08/30/22 Price Changed $590,000 -7.1% $163 / Sq Ft
06/20/2022 06/20/22 For Sale $635,000 -- $175 / 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 $7,443 $431,936 $46,500 $385,436
2023 $7,443 $388,917 $0 $0
2022 $7,105 $421,505 $47,000 $374,505
2021 $6,282 $325,603 $25,000 $300,603
2020 $5,781 $292,199 $20,000 $272,199
2019 $5,775 $288,665 $18,000 $270,665
2018 $5,590 $274,395 $14,500 $259,895
2017 $5,277 $258,820 $12,000 $246,820
2016 $5,030 $246,687 $0 $0
2015 $4,938 $240,424 $0 $0
2014 $4,783 $232,014 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: FC279910

Stellar MLS

APN: 07-11-31-7037-00960-0110