NOT LISTED FOR SALE

5040 Terrace Palms Cir Unit 201 Tampa, FL 33617

Estimated Value: $150,524 - $168,000

2 Beds
2 Baths
879 Sq Ft
$290/mo HOA Fee

Last Sold August 05, 2021

Last sale price $124,500 $142 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,293/month

6 Days on Market

Highlights

  • End Unit
  • Community Pool
  • Ceramic Tile Flooring
  • King High School Rated A-
  • Balcony
  • Central Heating and Cooling System

About This Home

As of August 2021

CONDO FOR SALE! This lovely 2 bedroom / 2 bath condo is located in the Terrace Palms Condominium community. This condo is located on the second floor and move-in ready! Upon entering the unit, you will find it to be warm and welcoming. First stop is the kitchen with beautiful counter tops, wood cabinets, plenty of counter space and window providing plenty of nature light. Across from the kitchen is the master suite featuring laminate wood flooring, ceiling fan and large walk-in closet. The master bath is spacious with tub/shower. Next stop is the the living room/dining area large featuring laminate wood flooring, ceiling fan and access to your balcony. Step through the sliding glass doors and enjoy a large balcony and outside storage area that houses stackable washer and dryer. Bedroom 2 is off the living room area and is roomy. Also featuring laminate wood flooring, ceiling fan and nice size closet. The guest bath is across from bedroom 2 and also has tub/shower. Perfect condo and waiting for you! The Terrace Palms community also has amenties such as swimming pool, clubhouse and laundry area. Conveniently located near University of South Florida, shopping, dining and entertainment. Don't want to miss this one! Schedule your showing today!

Last Agent to Sell the Property

Damla Burnukara

FUTURE HOME REALTY INC License #3344202 Listed on: 07/15/2021

FUTURE HOME REALTY INC

Last Buyer's Agent

Asad Shaikh

LOMBARDO TEAM REAL ESTATE LLC License #3373314

LOMBARDO TEAM REAL ESTATE LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,181

Year Built

  • Built in 1983

Lot Details

  • End Unit
  • North Facing Home
  • Condo Land Included

HOA Fees

  • $290 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 879 Sq Ft Home
  • 2-Story Property
  • Combination Dining and Living Room

Kitchen

  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

  • Pizzo Elementary School
  • Greco Middle School
  • King High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, maintenance structure, ground maintenance, pool maintenance, sewer, trash, water
  • K. Martin / Wise Property Management Association, Phone Number (813) 965-5665
  • Terrace Palms Condo Subdivision

Recreation

  • Community Pool

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,181

Year Built

Built in 1983

Lot Details

0

HOA Fees

$290 per month

Listing Details

  • HOA Fee Includes: Community Pool, Maintenance Structure, Maintenance Grounds, Pool Maintenance, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Vinyl Siding, Wood Frame
  • Fireplace: No
  • Living Area: 879
  • Lot Size Acres: 0.02
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 975
  • Lot Size Sq Ft: 2
  • Directions to Property: Take I-275 to Fowler Avenue. Head East on Fowler to 50th Street. Head North on 50th Street. Turn right (East) into complex. Turn left on Terrace Palms Circle.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3318203?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/T3318203?w=Customer
  • Floor Number: 2
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Corner Unit
  • Ratio: Close Price\List Price: 1.00404
  • Price per Sq Ft: 141.64
  • Close to Original List Price Ratio: 1.00404
  • Ratio: Current Price\Building Area Total: 127.69
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Living Room/Dining Room Combo, Thermostat
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 2
  • Street Number Modifier: 5040
  • Room Count: 5

Exterior Features

  • Direction Faces: North
  • Exterior Features: Balcony
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required
  • Association Amenities: Pool
  • Association Fee: 290
  • Association Fee Frequency: Monthly
  • Association Name: K. Martin / Wise Property Management
  • Phone: 813-965-5665
  • Association: Yes
  • Senior Community: No
  • Association Email: kmartin@wisepropertymanagement.com
  • Condo Land Included Y N: Yes
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 3480
  • Monthly HOA Fee: 290
  • Total Monthly Fees: 290

Schools

  • Elementary School: Pizzo-HB
  • High School: King-HB
  • Middle Or Junior School: Greco-HB

Lot Info

  • Zoning: SPI-UC-3
  • Parcel Number: U-10-28-19-1HB-000000-00B24.0
  • Additional Parcels: No
  • Flood Zone Code: X

Rental Info

  • Pets Allowed: Breed Restrictions
  • Minimum Lease: 1-2 Years
  • Approval Process: Please contact Wise Property Management for approval process guidelines.
  • Pet Restrictions: Please contact Wise Property Management for pet allowance guidelines.
  • Lease Restrictions Y N: No
  • Month To Month Or Weekly Y N: No
  • Additional Lease Restrictions: Please contact Wise Property Management for lease restriction guidelines.

Tax Info

  • Tax Annual Amount: 1181.32
  • Tax Block: 00000
  • Tax Book Number: 5-46
  • Tax Lot: 00B24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Aug 4, 2021
Sold by
Peninsula Holding Group Llc
Bought by
Allouls Llc
Seller's Agent
Damla Burnukara
FUTURE HOME REALTY INC
Buyer's Agent
Asad Shaikh
LOMBARDO TEAM REAL ESTATE LLC
List Price
$123,999
Sold Price
$124,500
Premium/Discount to List
$501
0.4%
Current Estimated Value
$156,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,381
Avg. Annual Appreciation
5.66%

Purchase Details

Closed on
Oct 30, 2020
Sold by
Lee Tina
Bought by
Peninsula Holding Group Llc

Purchase Details

Listed on
May 27, 2020
Closed on
May 8, 2020
Sold by
Gm Rentals Llc
Bought by
Lee Tina
Seller's Agent
Damla Burnukara
FUTURE HOME REALTY INC
Buyer's Agent
Valentina Porras
LPT REALTY, LLC
Sold Price
$1,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.18%

Purchase Details

Closed on
Aug 30, 2016
Sold by
Johnson Erica L and Vivien Tanika L
Bought by
Gm Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,750
Interest Rate
3.48%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 30, 2007
Sold by
Vivien Tanika L and Vivien Vladimir
Bought by
Johnson Erica L and Vivien Tanika L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.65%
Mortgage Type
Unknown
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
Allouls Llc $124,500 Nations Title Agcy Of Fl Inc
Peninsula Holding Group Llc -- Lee Tina
Lee Tina $80,000 Anchor Title & Associates
Gm Rentals Llc $63,000 Hillsborough Title Llc
Johnson Erica L $15,000 Alday Donalson Title Agencie
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gm Rentals Llc $42,750
Previous Owner Johnson Erica L $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2021 08/05/21 Sold $124,500 +0.4% $142 / Sq Ft
07/20/2021 07/20/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $123,999 0.0% $141 / Sq Ft
07/01/2020 07/01/20 Rented $1,200 0.0% --
06/15/2020 06/15/20 Under Contract -- -- --
05/29/2020 05/29/20 Price Changed $1,200 +9.1% $1 / Sq Ft
05/27/2020 05/27/20 For Rent $1,100 0.0% --
05/11/2020 05/11/20 Sold $80,000 -11.0% $91 / Sq Ft View Prior Sale
05/08/2020 05/08/20 For Sale $89,900 0.0% $102 / Sq Ft
04/30/2020 04/30/20 Pending -- -- --
04/03/2020 04/03/20 Price Changed $89,900 -0.7% $102 / Sq Ft
03/26/2020 03/26/20 Price Changed $90,500 -1.6% $103 / Sq Ft
03/21/2020 03/21/20 For Sale $92,000 -- $105 / 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 $2,038 $115,935 $100 $115,835
2023 $1,918 $109,864 $100 $109,764
2022 $1,747 $98,262 $100 $98,162
2021 $1,333 $73,014 $100 $72,914
2020 $1,181 $60,406 $100 $60,306
2019 $1,145 $59,511 $100 $59,411
2018 $1,099 $60,385 $0 $0
2017 $963 $47,067 $0 $0
2016 $145 $28,704 $0 $0
2015 $142 $28,504 $0 $0
2014 $129 $28,278 $0 $0
2013 -- $27,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3318203

Stellar MLS

APN: U-10-28-19-1HB-000000-00B24.0