5204 Commonwealth Rd Palmetto, FL 34221
Memphis NeighborhoodEstimated Value: $706,000 - $950,000
3
Beds
2
Baths
1,656
Sq Ft
$474/Sq Ft
Est. Value
Highlights
- Water Views
- Ranch Style House
- Great Room
- Open Floorplan
- Sun or Florida Room
- Skylights
About This Home
As of February 2021ABSOLUTELY STUNNING WATERFRONT HOME IN BAY COLONY!!! Be prepared to be "wowed" when you look at this 3 bedroom, 2 bathroom, 2 car garage home located on the Grand Canal with wide water views. This home has been completely redone and is almost like purchasing a new waterfront home for a fraction of the price! Literally just about everything has been updated for even the most discerning buyers. The current owners spared no expense improving this property over the last few years and the list of upgrades is long...New PGT impact windows throughout, new hurricane rated garage door, new 400 sqft addition including master bedroom and bathroom, new plumbing, new electric, new A/C, new water heater, new wood plank tile throughout house, completely remodeled kitchen, new whole house water purification system with reverse osmosis, new exterior and interior paint, new light fixtures, and new custom made Hunter Douglas blinds. The list goes on and on but you simply wont find another home that has been this cared for by owners! The open floor plan makes for easy living with the views focused out the back on the water. The kitchen is the focal point of the living space with gorgeous cabinetry, butcher block counters and island, and new appliances including GE convection cooktop, GE Profile Refrigerator and Bosch dishwasher. The real magic of this property happens when you open the back door though! Literally one of the coolest backyard set ups you will ever see...a 40x18 tiki hut with built in bar and grill featuring tons of seating, paver bricks, and backyard firepit! You have to see it to truly appreciate. Owners have also recently updated seawall cap and have installed zero-scape native landscaping to the entire property. The dock was also just redone featuring trex decking and a 7,500 lb boat lift w/ remote and full boat canopy. Very hard to find deep sailboat water with no bridges to the bay or gulf. Easy access to Terra Ceia bay, Tampa Bay and the Gulf of Mexico. When they talk about living the "Florida Dream" I'm pretty positive this house is exactly what they had in mind!
Last Agent to Sell the Property
RE/MAX ALLIANCE GROUP License #0678507 Listed on: 01/05/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,075
Year Built
- Built in 1963
Lot Details
- 9,104 Sq Ft Lot
- Property fronts a saltwater canal
- West Facing Home
- Property is zoned RSF4.5/CH
HOA Fees
- $4 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
Home Design
- Ranch Style House
- Slab Foundation
- Shingle Roof
- Block Exterior
- Stucco
Interior Spaces
- 1,656 Sq Ft Home
- Open Floorplan
- Ceiling Fan
- Skylights
- Blinds
- Great Room
- Sun or Florida Room
- Ceramic Tile Flooring
- Water Views
Kitchen
- Range
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Outdoor Features
- Outdoor Storage
- Outdoor Grill
- Rain Gutters
Utilities
- Central Heating and Cooling System
- Water Filtration System
- Electric Water Heater
- Water Purifier
- Cable TV Available
Community Details
- Palmetto Skyway Community
Listing and Financial Details
- Tax Lot 135
- Assessor Parcel Number 2221600006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 5, 2021
Closed on
Feb 18, 2021
Sold by
Shultes Brian F and Shultes Karen V
Bought by
Watson Joseph Anthony and Watson Chris Nabors
Seller's Agent
Jay Travis
RE/MAX ALLIANCE GROUP
Buyer's Agent
Doug Wood
SMITH & ASSOCIATES REAL ESTATE
List Price
$699,000
Sold Price
$650,000
Premium/Discount to List
-$49,000
-7.01%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,729
Avg. Annual Appreciation
4.48%
Original Mortgage
$520,000
Outstanding Balance
$471,046
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$314,683
Purchase Details
Closed on
Aug 7, 2015
Sold by
Kramer Lynne
Bought by
Shultes Brian F and Shultes Karen V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,400
Interest Rate
3%
Mortgage Type
New Conventional
Purchase Details
Listed on
Sep 8, 2013
Closed on
Jan 14, 2014
Sold by
Goldman Thomas W and Goldman Jolaine C
Bought by
Kramer Lynne
List Price
$307,000
Sold Price
$260,000
Premium/Discount to List
-$47,000
-15.31%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.16%
Purchase Details
Closed on
Sep 19, 2008
Sold by
Aurora Loan Services Llc
Bought by
Goldman Thomas W and Goldman Jolaine C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 26, 2008
Sold by
Yarabek John A and Gambina Deborah
Bought by
Aurora Loan Services Llc
Purchase Details
Closed on
Oct 31, 2005
Sold by
Cotterill Eileen L and Cotterill Gerald J
Bought by
Yarabek John A and Gambina Deborah
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac
Similar Homes in Palmetto, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Watson Joseph Anthony | $650,000 | Alliance Group Title Llc | |
| Shultes Brian F | $278,000 | Integrity Title Services Inc | |
| Kramer Lynne | $260,000 | Wr Title Services Llc | |
| Goldman Thomas W | $275,000 | Watson Title Ins Agency Inc | |
| Aurora Loan Services Llc | -- | Attorney | |
| Aurora Loan Services Llc | -- | Attorney | |
| Yarabek John A | $560,000 | Able Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Watson Joseph Anthony | $520,000 | |
| Previous Owner | Shultes Brian F | $222,400 | |
| Previous Owner | Goldman Thomas W | $215,862 | |
| Previous Owner | Goldman Thomas W | $220,000 | |
| Previous Owner | Yarabek John A | $448,000 | |
| Previous Owner | Yarabek John A | $84,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/18/2021 02/18/21 | Sold | $650,000 | -7.0% | $393 / Sq Ft |
| 01/16/2021 01/16/21 | Pending | -- | -- | -- |
| 01/05/2021 01/05/21 | For Sale | $699,000 | +168.8% | $422 / Sq Ft |
| 01/15/2014 01/15/14 | Sold | $260,000 | -9.6% | $204 / Sq Ft |
| 11/19/2013 11/19/13 | Pending | -- | -- | -- |
| 09/30/2013 09/30/13 | Price Changed | $287,500 | -3.0% | $225 / Sq Ft |
| 09/17/2013 09/17/13 | Price Changed | $296,500 | -3.4% | $233 / Sq Ft |
| 09/08/2013 09/08/13 | For Sale | $307,000 | -- | $241 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $7,954 | $614,659 | -- | -- |
| 2023 | $7,884 | $596,756 | $229,500 | $367,256 |
| 2022 | $3,941 | $606,251 | $225,000 | $381,251 |
| 2021 | $3,783 | $298,322 | $0 | $0 |
| 2020 | $3,075 | $237,003 | $0 | $0 |
| 2019 | $3,025 | $231,674 | $0 | $0 |
| 2018 | $2,996 | $227,354 | $0 | $0 |
| 2017 | $2,774 | $222,678 | $0 | $0 |
| 2016 | $2,767 | $218,098 | $0 | $0 |
| 2015 | $3,097 | $212,098 | $0 | $0 |
| 2014 | $3,097 | $197,185 | $0 | $0 |
| 2013 | $2,905 | $181,883 | $107,750 | $74,133 |
Source: Public Records
Agents Affiliated with this Home
-
Jay Travis
Seller's Agent in 2021
Jay Travis
RE/MAX
(941) 812-7277
4 in this area
287 Total Sales
-
Doug Wood
Buyer's Agent in 2021
Doug Wood
SMITH & ASSOCIATES REAL ESTATE
(813) 451-9760
1 in this area
184 Total Sales
Map
Source: Stellar MLS
MLS Number: A4487504
APN: 22216-0000-6
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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