NOT LISTED FOR SALE

5124 Baystate Rd Palmetto, FL 34221

Estimated Value: $678,000 - $747,000

3 Beds
2 Baths
2,272 Sq Ft
$320/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $775,000 $341 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,620/month

12 Days on Market

Highlights

  • Dock made with wood
  • Canal View
  • Stone Countertops
  • Open Floorplan
  • Wood Flooring
  • No HOA

About This Home

As of April 2024

ON THE WATER WITH BRAND NEW ROOF!! Seize the chance to become the proud owner of this newly renovated 3-bedroom, 2-bathroom, 2-car garage abode spanning more than 2,100 square feet. It has a new dock on a deep water canal with 100 feet of seawall. This residence boasts a paver driveway entering a sprawling 1/3-acre lot. As you step through the new double entry doors, you'll be greeted by the incredible views of the water. The home has a new open floor plan adorned with exquisite designer touches. The kitchen takes center stage, showcasing glistening quartz countertops, soft-close cabinets, and a substantial island perfect for entertaining. The primary suite provides a tranquil water view accompanied by a generously-sized custom closet and ensuite. Additional bedrooms offer ample space, each featuring custom closets. Unwind and observe marine life and relish the top-to-bottom renovation of this single-story residence, encompassing new roofing, flooring, paint, and impact windows and doors. Plentiful storage, an extended garage, and the absence of deed restrictions or HOA make this property incredibly versatile. Palmetto Point provides easy access to the Gulf, Anna Maria Island, St Pete and Tampa Bay by boat. Centrally located for commuters, enjoy swift access to I275, I75, St. Pete, Tampa, Bradenton, and Sarasota.

Last Agent to Sell the Property

Talia Nunno

BHHS FLORIDA PROPERTIES GROUP Brokerage Phone: 813-251-2002 License #3503910 Listed on: 03/03/2024

BHHS FLORIDA PROPERTIES GROUP

Co-Listed By

Bill Yingling, Pa

LPT REALTY, LLC Brokerage Phone: 813-251-2002 License #3403872

Last Buyer's Agent

Chasity Conwell

MARCUS & COMPANY REALTY License #3563373

MARCUS & COMPANY REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,585

Year Built

  • Built in 1960

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 100x135
  • Property fronts a saltwater canal
  • Northwest Facing Home
  • Property is zoned RSF4.5/C

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,272 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Sliding Doors
  • Wood Flooring
  • Canal Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Stone Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Access to Saltwater Canal
  • Dock has access to water
  • Seawall
  • Dock made with wood

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Palmetto Skyway Community
  • Palmetto Skyway Sec 2 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,585

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2272
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 1960
  • Building Area Total: 2912
  • Lot Size Sq Ft: 13499
  • Directions to Property: US 19 to left on 50th St. through Palmetto Point into Palmetto Skyway, right into Bay State, Home on the right.
  • Status: Sold
  • Co List Office Mls Id: MFR285500557
  • Co List Office Phone: 727-847-4444
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1056269
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 341.11
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • MFR_InLawSuiteYN: 0
  • MFR_DockDescription: Dock - Wood,Dock w/Water Supply
  • MFR_DockYN: 1
  • Attribution Contact: 813-251-2002
  • Tax Year: 2023
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Stone Counters, Thermostat, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Electric Water Heater, Microwave, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 5124
  • ResoLivingAreaSource: Owner
  • Living Area Meters: 211.08
  • Room Count: 7

Exterior Features

  • Direction Faces: Northwest
  • Exterior Features: Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Water Body Name: TERRA CEIA BAY
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Canal - Saltwater
  • Water Extras: Seawall - Other
  • Water Extras YN: 1
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RSF4.5/C
  • Parcel Number: 2210100000
  • Additional Parcels: No
  • Lot Dimensions: 100x135
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 1254

Green Features

  • Green Verification Count: 0

Rental Info

  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 7585.4
  • Tax Book Number: 9-40
  • Tax Lot: 35

Multi Family

  • Waterfront Features: Canal - Saltwater, Canal Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2024
Closed on
Apr 30, 2024
Sold by
Castleco Llc
Bought by
Loomis Thomas Russell and Loomis Laura Kimbrough
Seller's Agent
Talia Nunno
BHHS FLORIDA PROPERTIES GROUP
Buyer's Agent
Chasity Conwell
MARCUS & COMPANY REALTY
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%
Views
22
Current Estimated Value
$726,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,860
Avg. Annual Appreciation
-4.58%
Original Mortgage
$697,500
Outstanding Balance
$687,701
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$38,439

Purchase Details

Listed on
Dec 14, 2021
Closed on
Jan 31, 2022
Sold by
Sherman Family Revocable Trust
Bought by
Castleco Llc
Seller's Agent
Christine Nargi
KELLER WILLIAMS SOUTH SHORE
Buyer's Agent
Talia Nunno
BHHS FLORIDA PROPERTIES GROUP
List Price
$500,000
Sold Price
$540,000
Premium/Discount to List
$40,000
8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.42%
Original Mortgage
$619,200
Interest Rate
3.22%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 21, 2017
Sold by
Sheman Kevin J and Sheman Marie E
Bought by
Sherman Kevin J and Sherman Maric E

Purchase Details

Closed on
Jun 25, 2010
Sold by
Campbell Perry W and Campbell Martha E
Bought by
Sherman Kevin J and Sherman Marie E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,200
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2001
Sold by
Williams Markianne and Jasinski Kimberley
Bought by
Campbell Perry W and Campbell Martha E

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
7.19%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Loomis Thomas Russell $775,000 None Listed On Document
Castleco Llc $540,000 United Title Affiliates
Sherman Kevin J -- Attorney
Sherman Kevin J $279,000 Alpha Omega Title Svcs Inc
Campbell Perry W $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loomis Thomas Russell $697,500
Previous Owner Castleco Llc $706,870
Previous Owner Castleco Llc $619,200
Previous Owner Sherman Kevin J $223,200
Previous Owner Campbell Perry W $417,000
Previous Owner Campbell Perry W $525,000
Previous Owner Campbell Perry W $356,000
Previous Owner Campbell Perry $250,000
Previous Owner Campbell Perry $50,000
Previous Owner Campbell Perry W $218,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $775,000 -3.0% $341 / Sq Ft
03/16/2024 03/16/24 Pending -- -- --
03/03/2024 03/03/24 For Sale $799,000 +48.0% $352 / Sq Ft
01/31/2022 01/31/22 Sold $540,000 +8.0% $307 / Sq Ft
12/18/2021 12/18/21 Pending -- -- --
12/12/2021 12/12/21 For Sale $500,000 -- $284 / 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
2025 $9,419 $711,930 $255,000 $456,930
2024 $9,419 $709,376 $255,000 $454,376
2023 $7,585 $536,665 $255,000 $281,665
2022 $6,993 $557,366 $250,000 $307,366
2021 $5,584 $390,938 $175,000 $215,938
2020 $5,580 $372,030 $160,000 $212,030
2019 $5,225 $343,931 $160,000 $183,931
2018 $5,173 $336,121 $160,000 $176,121
2017 $4,882 $333,557 $0 $0
2016 $4,771 $318,564 $0 $0
2015 $4,312 $295,876 $0 $0
2014 $4,312 $278,480 $0 $0
2013 $4,144 $263,618 $138,400 $125,218
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3506991

Stellar MLS

APN: 22101-0000-0