NOT LISTED FOR SALE

5043 SE Primrose Way Stuart, FL 34997

Port Salerno Area

Estimated Value: $494,000 - $531,853

2 Beds
3 Baths
2,511 Sq Ft
$204/Sq Ft Est. Value

Sale Details

Date Sold: November 21, 2023

Last sale price $520,000 $207 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,556 / mo

20 Days on Market

Highlights

  • Garden View
  • Fenced Yard
  • Central Heating and Cooling System
  • No HOA
  • Ceramic Tile Flooring
  • West Facing Home

About This Home

As of November 2023

Welcome to an awesome investment opportunity.  A triplex with 6 bedrooms and 6 bathrooms total. This property offers a lucrative investment opportunity with stable rental income. Each unit features 2 spacious bedrooms and 2 full baths, providing ample space for comfortable living. Some highlights of this triplex is the fenced yard for each unit, the open work space and ample storage in the kitchens and stainless steel appliances. Inside, you'll find tile throughout, creating low-maintenance living environment. Each unit has separate electrical meters & central air conditioning. Unit #5043 brings in $1650 per month, unit #5045 brings in $1750 per month, and unit #5049 brings in $1625 per month in rental income. All units are currently occupied by stable tenants. Carrying costs include: $6800 in taxes annually, $3800 in insurance per year, and $130 per month for lawncare. The monthly income for all units is $5025, offering approximately 9% CAP rate.

Last Agent to Sell the Property

Nicole Nastasia

RE/MAX of Stuart Brokerage Phone: 772-288-1111 License #3195754 Listed on: 09/09/2023

RE/MAX of Stuart

Co-Listed By

Andrea Turke

RE/MAX of Stuart Brokerage Phone: 772-288-1111 License #3204606

Last Buyer's Agent

Nicole Nastasia

RE/MAX of Stuart Brokerage Phone: 772-288-1111 License #3195754 Listed on: 09/09/2023

RE/MAX of Stuart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,845

Year Built

  • Built in 1990

Lot Details

  • 11,151 Sq Ft Lot
  • West Facing Home
  • Fenced Yard

Parking

  • Driveway

Home Design

  • Triplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,511 Sq Ft Home
  • Ceramic Tile Flooring
  • Garden Views

Utilities

  • Central Heating and Cooling System

Community Details

Overview

  • No Home Owners Association
  • 2,511 Sq Ft Building

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,845

Year Built

Built in 1990

Lot Details

0.26 Acres

Listing Details

  • Co List Office Phone: 772-288-1111
  • Lot Size Acres: 0.256
  • Lot Size: .25
  • Property Sub Type: Triplex
  • Property Sub Type Additional: Triplex
  • Prop. Type: Residential Income
  • Subdivision Name: Dixie Park Add
  • Year Built: 1990
  • Year Built Details: Resale
  • Ownership: Fee Simple
  • Attribution Contact: 772-288-1111
  • Special Features: None

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 2511.0

Exterior Features

  • Construction Type: Frame, Stucco
  • Direction Faces: West
  • Disclosures: None
  • Exterior Features: Fence
  • Pool Private: No
  • Property Condition: Resale
  • Roof: Composition, Shingle
  • View: Garden
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Trash Collection, Water Available

Condo/Co-op/Association

  • Association: No
  • Community Features: Fenced Yard
  • Pets Allowed: Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: None

Lot Info

  • Zoning Description: RE
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6845.0
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2023
Closed on
Nov 17, 2023
Sold by
Bought by
Seller's Agent
Nicole Nastasia
RE/MAX of Stuart
Buyer's Agent
Nicole Nastasia
RE/MAX of Stuart
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%
Views
21
Current Estimated Value
$513,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,787
Avg. Annual Appreciation
-0.49%
Original Mortgage
$397,500
Interest Rate
7.57%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2021
Closed on
Jun 23, 2021
Sold by
Bought by
Seller's Agent
Janice Norman
Water Pointe Realty Group
Buyer's Agent
Nicole Nastasia
RE/MAX of Stuart
List Price
$380,000
Sold Price
$380,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.90%

Purchase Details

Closed on
Jun 24, 2014
Sold by
Bought by

Purchase Details

Closed on
Mar 21, 2014
Sold by
Bought by

Purchase Details

Closed on
Mar 26, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,120
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$530,000 None Listed On Document
$380,000 Attorney
$118,700 Bay National Title Company
-- None Available
$253,900 Advantage Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $435,000
Closed $397,500
Previous Owner $256,000
Previous Owner $25,000
Previous Owner $203,120
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2023 11/21/23 Sold $520,000 -1.0% $207 / Sq Ft
09/30/2023 09/30/23 Pending -- -- --
09/09/2023 09/09/23 For Sale $525,000 +38.2% $209 / Sq Ft
06/25/2021 06/25/21 Sold $380,000 0.0% $151 / Sq Ft View Prior Sale
05/26/2021 05/26/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $380,000 -- $151 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,854 $498,960 $117,300 $381,660
2024 $7,638 $458,210 $458,210 $340,910
2023 $7,638 $372,086 $0 $0
2022 $6,845 $338,260 $119,160 $219,100
2021 $6,296 $267,859 $0 $0
2020 $5,781 $334,800 $87,980 $246,820
2019 $5,222 $279,000 $78,200 $200,800
2018 $4,570 $218,700 $63,540 $155,160
2017 $3,205 $202,500 $73,310 $129,190
2016 $3,766 $170,100 $39,100 $131,000
2015 $2,872 $151,200 $31,280 $119,920
2014 $2,872 $122,400 $14,490 $107,910
Source: Public Records

Agents Affiliated with this Home

  • Nicole Nastasia

    Seller's Agent in 2023

    Nicole Nastasia

    RE/MAX

    (772) 418-5081

    269 Total Sales

    Nicole Nastasia
    Section Image
  • Andrea Turke

    Seller Co-Listing Agent in 2023

    Andrea Turke

    RE/MAX

    (772) 215-3146

    256 Total Sales

    Andrea Turke
    Section Image

  • J

    Seller's Agent in 2021

    Janice Norman

    Water Pointe Realty Group

    (772) 485-9505

    89 Total Sales

    Janice Norman
    Section Image
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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20040937

Martin County REALTORS® of the Treasure Coast

APN: 30-38-42-004-030-00070-7

Florida Martin County Stuart 34997

5043 SE Primrose Way, Stuart, FL

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.

Martin County REALTORS® of the Treasure Coast All listings featuring the MCRTC logo are provided by Martin County REALTORS® of the Treasure Coast, Inc. Multiple Listing Service. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Martin County REALTORS® of the Treasure Coast, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all information.

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