NOT LISTED FOR SALE

5073 SW Honey Terrace Palm City, FL 34990

Estimated Value: $440,000 - $874,000

4 Beds
2 Baths
2,270 Sq Ft
$258/Sq Ft Est. Value

Last Sold October 20, 2022

Last sale price $425,000 $187 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,629/month

90 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Citrus Grove Elementary School Rated A-

About This Home

As of October 2022

Almost two acres right in Palm City Farms! Opportunity knocks on this 2300 square foot, split floorplan, CBS home situated on just under two acres of land in Western Palm City. Located conveniently close to the turnpike and shops of Palm City. No HOA coupled with lot size, means the possibilities are endless on this one! Bring the boat and RV and enjoy your own private corner of Palm City Farms.

Last Agent to Sell the Property

Christopher Justice

One Sotheby's International Realty License #3454779 Listed on: 07/12/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,442

Year Built

  • Built in 1972

Lot Details

  • 1.95 Acre Lot

Home Design

  • Shingle Roof
  • Composition Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 2,270 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,442

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Architectural Style: Ranch
  • Lot Size Acres: 1.95
  • Property Attached Yn: No
  • Property Sub Type: Detached
  • Property Sub Type Additional: Detached,Single Family Residence
  • Prop. Type: Residential
  • Building Stories: 1
  • Subdivision Name: Palm City Farms
  • Year Built: 1972
  • Ownership: Fee Simple
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Furnished: Unfurnished
  • Living Area: 2270.0
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Type: Block, Concrete
  • Disclosures: None
  • Pool Private: No
  • Roof: Composition, Shingle
  • Waterfront: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Available, Water Connected
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Yes
  • Senior Community: No

Fee Information

  • Association Fee Includes: None

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4442.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2022
Closed on
Oct 13, 2022
Sold by
Justice Charles E and Justice Renee S
Bought by
Yekaterina Beiousov
Seller's Agent
Christopher Justice
One Sotheby's International Realty
List Price
$549,900
Sold Price
$425,000
Premium/Discount to List
-$124,900
-22.71%
Views
21
Current Estimated Value
$584,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,552
Avg. Annual Appreciation
13.09%
Original Mortgage
$200,000
Outstanding Balance
$175,322
Interest Rate
5.96%
Mortgage Type
New Conventional
Estimated Equity
$427,460

Purchase Details

Listed on
Oct 22, 2016
Closed on
Mar 30, 2017
Sold by
Banks Roy D and Banks Kathryn Denice
Bought by
Justice Charles E and Justice Renee S
Seller's Agent
Jim Hatch
Harbour Ridge Realty Inc
List Price
$314,900
Sold Price
$308,000
Premium/Discount to List
-$6,900
-2.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.96%
Original Mortgage
$133,000
Interest Rate
4.15%

Purchase Details

Closed on
Jul 8, 1994
Sold by
Banks Billy E and Banks Faye Essie
Bought by
Banks Roy D and Banks Denice Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
8.26%

Purchase Details

Closed on
Jan 1, 1977
Bought by
Banks Roy D and Banks Kathryn Denice
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Yekaterina Beiousov $425,000 San Carlos Title Services
Beiousov Yekaterina $425,000 San Carlos Title Services
Justice Charles E $305,000 Attorney
Banks Roy D $60,000 --
Banks Roy D $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Belousov Yekaterina $200,000
Closed Beiousov Yekaterina $200,000
Previous Owner Justice Charles E $133,000
Previous Owner Banks Roy D $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2022 10/20/22 Sold $425,000 -14.8% $187 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
09/15/2022 09/15/22 Price Changed $499,000 -4.0% $220 / Sq Ft
08/02/2022 08/02/22 Price Changed $519,900 -5.5% $229 / Sq Ft
07/12/2022 07/12/22 For Sale $549,900 +78.5% $242 / Sq Ft
03/31/2017 03/31/17 Sold $308,000 0.0% $136 / Sq Ft
03/31/2017 03/31/17 Sold $308,000 -2.2% $136 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
03/01/2017 03/01/17 Pending -- -- --
05/15/2016 05/15/16 For Sale $314,900 0.0% $139 / Sq Ft
05/13/2016 05/13/16 For Sale $314,900 -- $139 / Sq Ft
Source: Martin County REALTORS® of the Treasure Coast

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 $5,330 $344,450 $107,250 $237,200
2024 $5,807 $338,550 $338,550 $250,800
2023 $5,807 $363,630 $363,630 $246,630
2022 $4,847 $253,434 $0 $0
2021 $4,442 $230,395 $0 $0
2020 $3,970 $209,450 $97,500 $111,950
2019 $4,085 $213,360 $97,500 $115,860
2018 $3,921 $205,540 $97,500 $108,040
2017 $1,108 $105,930 $45,000 $60,930
2016 $1,418 $105,430 $45,000 $60,430
2015 $1,359 $105,698 $0 $0
2014 $1,359 $104,859 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Christopher Justice

    One Sotheby's International Realty

    (772) 812-0197

    19 Total Sales

    Christopher Justice
    Section Image

  • J

    Seller's Agent in 2017

    James Hatch

    Harbour Ridge Realty

  • J

    Seller's Agent in 2017

    Jim Hatch

    Harbour Ridge Realty Inc

    Section Image

  • J

    Buyer's Agent in 2017

    Joshua Steppling

    LPT Realty, LLC

    (772) 233-9850

    81 Total Sales

    Joshua Steppling
    Section Image
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Map

Source: Martin County REALTORS® of the Treasure Coast

MLS Number: M20035283

Martin County REALTORS® of the Treasure Coast

APN: 22-38-40-000-047-00010-9

Florida Martin County Palm City 34990

5073 SW Honey Terrace, Palm City, FL

This home is located at 5073 SW Honey Terrace, Palm City, FL 34990 since 12 July 2022 and is currently estimated at $584,552, approximately $257 per square foot. This property was built in 1972. 5073 SW Honey Terrace is a home located in Martin County with nearby schools including Citrus Grove Elementary School, Hidden Oaks Middle School, and South Fork 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.

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 2025 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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